On Friday, the USD/JPY broke the resistance of the 110.00 mark and touched the 110.20 level. However, a surge did not follow, as the rate declined. On Monday, the rate was located near the 109.70 level. Economic Calendar There is one major notable event to watch this week. The US Employment data sets on Friday at 12:30 GMT are most likely
Upside risks pressured the US Dollar against the Japanese Yen on Thursday. The currency pair tested the 61.80% Fibonacci retracement level at 109.83 during yesterday's trading session. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out more about the data
The US Dollar surged by 46 pips or 0.42% against the Japanese Yen on Wednesday. A breakout occurred through the upper boundary of a descending channel pattern during Wednesday's trading session. Economic Calendar Notable events for this week have ended. Expect an update to the calendar section with the next week's event reviews soon. Click on the link below to find out
The US Dollar declined by 30 pips or 0.27% against the Japanese Yen on Tuesday. The currency pair breached the 55– and 100– hour SMAs during Tuesday's trading session. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused USD/JPY moves from 6.3 to 10.4 pips. Also on Thursday, the weekly
On Monday, the US Dollar declined by 27 pips or 0.25% against the Japanese Yen during the early trading session. The currency pair was pressured lower by the 55– and 100– hour SMAs during yesterday's trading session. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused USD/JPY moves from 6.3
The US Dollar rose by 37 pips or 0.34% against the Japanese Yen on Friday. The surge was stopped by the 55– and 100– hour SMAs during Friday's trading session. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused USD/JPY moves from 6.3 to 10.4 pips. Also on Thursday, the
The 108.80 level did not manage to provide support to the USD/JPY currency exchange rate during Thursday's and Friday's trading hours. On Friday morning, the rate clearly passed below the 108.80 level, as the 108.70 mark was touched. Economic Calendar At 12:30 GMT on Thursday, the US Preliminary GDP is set to be published. This event has caused USD/JPY moves from
Despite the increase of volatility at mid-day on Wednesday, the USD/JPY currency exchange rate traded near previous days levels at mid-day on Thursday. Economic Calendar This week, no more data releases will be able to impact the rate. Expect a new review of next week's events later in the day. Click on the link below to find out more about the data
At mid-day on Wednesday, the USD/JPY currency exchange rate passed the resistance of the 55 and 200-hour simple moving averages at 109.10. Previously, the rate's decline found support in the 108.85 level, which kept the rate from declining throughout most of Tuesday. Economic Calendar The rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The pair
On Tuesday morning, the USD/JPY currency exchange rate plummeted, as the rate passed the support of the 109.00 level. Moreover, the pair broke the channel down pattern, which guided the pair down since May 13. Economic Calendar The rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The pair has moved from 3.8 to 7.9 pips
Two recent low levels booked by the USD/JPY currency exchange rate have revealed that the lower trend line of the channel down pattern is located at a different level. However, the rate has still continued to respect the upper trend line of the pattern and declined. In the meantime, note that the 55-hour simple moving average has been providing resistance
The USD/JPY has revealed a minor channel down pattern, which captures the rate's decline in the aftermath of the Wednesday's US CPI release surge. Future scenarios were based upon whether or not the rate continues to trade in the pattern's borders. Economic Calendar Next week, the rate could move due to the FOMC Meeting Minutes on Wednesday at 18:00 GMT. The
As the US Consumer Price Index was released on Wednesday and revealed a lot larger inflation in the United States than previously expected, the US Dollar surged against the Japanese Yen. During five hours, the currency exchange rate surged by almost 100 base points or 0.90%. Moreover, the surge slowly continued until it reached the 109.80 level and booked a
The support of the 50.00% Fibonacci retracement level at 108.35 held and caused another surge to the technical levels near 109.00. During the early hours of Wednesday's trading, the pair had reached the resistance of the weekly simple pivot and the 100-hour simple moving average at 108.90. Economic Calendar The rate could move due to the US CPI on Wednesday at
After making three attempts to pass the 109.00 level, on Tuesday, the USD/JPY remained below this level. Due to the strength of the resistance of the 109.00 level and the additional strength of the 100 and 200-hour simple moving averages, the pair was expected to decline. Economic Calendar The rate could move due to the US CPI on Wednesday at 12:30 GMT.
On Friday, May 7, the USD/JPY experiences a sharp drop at 12:30 GMT. The move was caused by the worse than forecast US labour data. The rate suffered a 81 pip drop. However, by the middle of Monday's trading hours, the pair had recovered back to the 109.00 level, where it encountered resistance. Economic Calendar The rate could move due to
During early Friday's trading hours, the USD/JPY shortly pierced the support of the 109.00 level and the 200-hour simple moving average. However, support was provided by the May 3 low level zone of 108.90/108.95. By the middle of Friday's trading, the rate was fluctuating between the support of the 109.00 level and the 200-hour simple moving average and the resistance
At mid-day on Thursday, the USD/JPY broke the support of the channel up pattern, which had guided the rate since late April. In the near term future, the rate was expected to reach the support of the 109.00 level, which had been impacting the rate throughout the recent history. Economic Calendar The USD/JPY could react to the release of the US
Since early Tuesday's European trading hours, the US Dollar has been testing the 109.50 level against the Japanese Yen. In the meantime, the rate has been finding support in the 55 and 100-hour simple moving averages, which have been slowly moving higher. Economic Calendar The USD/JPY could react to the release of the US Unemployment Rate, Average Hourly Earnings and Non-Farm
The US Dollar edged higher by 72 pips or 0.66% against the Japanese Yen on Thursday. The currency pair tested the 109.21 area during yesterday's trading session. The exchange rate reversed from the resistance level at 109.21 during the Asian session on Friday. Economic Calendar Notable events for this week have ended. Expect the next week's analysis to be published this evening
Downside risks pressured the US Dollar against the Japanese Yen on Wednesday. The currency pair dropped by 60 pips or 0.55% during yesterday's trading session. Economic Calendar On Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The USD/JPY has moved 7.8 to 34.5 pips on the announcement
During Tuesday's trading session, The US Dollar surged by 55 pips or 0.51% against the Japanese Yen. The currency pair breached the weekly R1 at 108.73 on Tuesday. During the Asian trading session, the exchange rate has been trading near the upper line of an ascending channel pattern and was set for a breakout. Economic Calendar On Wednesday, all of the markets
On April 26, the US Dollar surged by 54 pips or 0.50% against the Japanese Yen. The currency pair breached the 55– and 200– hour SMAs during yesterday's trading session. Economic Calendar On Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The USD/JPY has moved 7.8 to
On Friday, the US Dollar rose by 58 pips or 0.54% against the Japanese Yen. The surge was stopped by a resistance cluster formed by the 55– and 100– hour SMAs near the 108.00 level during Friday's trading session. Economic Calendar Next week, on Wednesday, all of the markets will move due to the release of the US Federal Reserve Federal