On Friday morning the USD/JPY currency exchange rate continued to surge, as it passed the resistance
On Thursday morning the US Dollar had returned to trade above the strong cluster of levels of significance that was located near the 110.20 mark.
On Wednesday morning, the USD/JPY currency exchange rate had remained in the trading range of the previous trading session.
On Tuesday morning the US Dollar had not managed to pass the support of the weekly S1 and a monthly pivot point.
On Monday morning the USD/JPY rate had paused the plummeting downwards that occurred after the currency exchange rate passed the long term ascending channel's support line.
On Friday morning the USD/JPY currency exchange rate traded below a strong resistance cluster.
A two day surge, which began on June 19, continued on Thursday, as the US Dollar reached higher against the Japanese Yen.
The USD/JPY exchange rate plummeted due to the US and China rising trade tension.
During the early hours of Monday's trading session the US Dollar was losing ground against the Japanese Yen until it found support in a new level of significance.
Although the volatility of the currency exchange rate remains at the same high level as previously, the currency exchange rate has continued to follow the forecast path.
The resistance cluster near the 110.75 mark had managed to holds its ground and force the currency exchange rate into a retreat.
The Greenback continues to gain ground against the Japanese Yen, as the next resistance target had been reached on Wednesday.
The surge of the US Dollar against the Japanese Yen continued on Tuesday, as the currency exchange rate extended its gains.
The previously described dominant support of the USD/JPY currency exchange rate has done its job.
On Friday, the USD/JPY currency exchange rate had retreated down to the support of the dominant ascending channel up pattern.
On Thursday the USD/JPY currency exchange rate had declined below the 110.00 mark.
On Wednesday morning the USD/JPY currency exchange rate met with the resistance of the 110.20 cluster, as it was forecast on Tuesday.
On Tuesday morning it could be noticed that the US Dollar was attempting to break the medium term resistance against the Yen, which was discovered only on Monday.
The first part of Monday's trading session was relatively calm of the USD/JPY currency exchange rate.
Friday's first half of trading saw the USD/JPY surge above the 109.10 level.
The USD/JPY currency pair has encountered the resistance of the 55-hour SMA, which forced the rate lower.
On Wednesday, the USD/JPY currency exchange rate traded above the weekly S1 at 108.44.
The US Dollar has extended its decline against the Japanese Yen on Tuesday.
Even though the Friday's trading session ended at a strong resistance, the rate passed it by opening a lot higher on Monday.