The US dollar has tried to rally during the trading session on Tuesday, reaching towards the ¥109.50 level yet again. At this point, the market has formed a bit of a shooting star, but we are sitting on top of major support as well.
For the second day in a row, USD/JPY is moving in a limited range between the 108.90 support and the 109.25 level awaiting any developments.
The US dollar has gone back and forth during the trading session on Friday as we approach the significant 61.8% Fibonacci retracement level.
The US dollar initially fell during trading on Thursday but found a lot of buying underneath to push the market higher.
The US dollar continues to find plenty of buyers overall, and recently has tested the crucial ¥109.50 level more than once
The US dollar has rallied significantly during the trading session on Tuesday as the ISM Nine Manufacturing PMI figures have come in much better than anticipated.
The US dollar has gapped higher to kick off the week, and then shot much higher
The USD/JPY price did not celebrate its gains at the beginning of last week, which pushed it to the 109.28 resistance, its highest level in three months.
The US dollar bounced a bit during the trading session on Friday, after the jobs never came out better than anticipated.
16 Asian countries are close to signing an ASEAN trade pact which will be the largest in the world;
The US dollar has rallied during the month of October against the Japanese yen but started to stall once we got closer to the 61.8% Fibonacci retracement level at the ¥109.50 level.
USD/JPY fell from the 109.28 resistance, the highest in three months, before settling around 108.60 at the time of writing, after the US dollar came under pressure
The US dollar rallied significantly during the trading session on Wednesday against the Japanese yen but turned around at the 61.8% Fibonacci retracement level
USD/JPY rally attempts stopped at the 109.06 resistance, pending US economic growth figures and the announcement of Federal Reserve decisions.
The US dollar has gone back and forth during the trading session on Tuesday as traders are awaiting the results of the FOMC interest rate decision and of course the statement.