The US Dollar depreciated 0.36% against the Japanese Yen since Friday’s session. During the previous trading session, the currency pair was resisted by the 55-hour SMA during the whole trading session. On Monday morning, the US Dollar was located near the monthly S1 at the 111.66 mark.
In regards to the near-term future, most likely, the US dollar will trade downwards to the monthly S1 at the 111.49 mark. The US retail sales data sets will come out at 12.30 GMT on Monday.
In addition, it is expected that the currency pair might pass the monthly S1 and the weekly S1 at the 111.39 mark due to the fundamentals.
In regards to the near-term future, most likely, the US dollar will trade downwards to the monthly S1 at the 111.49 mark. The US retail sales data sets will come out at 12.30 GMT on Monday.
In addition, it is expected that the currency pair might pass the monthly S1 and the weekly S1 at the 111.39 mark due to the fundamentals.
Comment:
The US Dollar appreciated 0.30% against the Japanese Yen since Wednesday’s session. During the previous trading session, the currency pair broke the resistances of the 200-hour SMA, the monthly PP at 112.60 and the weekly PP at 112.667 to stop the trade at 112.56. During Thursday’s morning hours, the US Dollar was trading at the monthly PP at 112.60 mark.
In regards to the near-term future, most likely, the US dollar will trade upwards to the 113.00 level due to the support of the 200-hour simple moving average.
On the other side, the currency exchange rate could be resisted by the 61.80 % Fibo at 112.72 mark to push the rate to trade at 112.40 mark during the day.
The US Dollar appreciated 0.30% against the Japanese Yen since Wednesday’s session. During the previous trading session, the currency pair broke the resistances of the 200-hour SMA, the monthly PP at 112.60 and the weekly PP at 112.667 to stop the trade at 112.56. During Thursday’s morning hours, the US Dollar was trading at the monthly PP at 112.60 mark.
In regards to the near-term future, most likely, the US dollar will trade upwards to the 113.00 level due to the support of the 200-hour simple moving average.
On the other side, the currency exchange rate could be resisted by the 61.80 % Fibo at 112.72 mark to push the rate to trade at 112.40 mark during the day.
Comment:
The US Dollar depreciated 0.08% against the Japanese Yen since Thursday’s session. During the previous trading session, the currency pair passed through the SMAs resistances to stop the trade at 112.15. During Friday’s morning hours, the US Dollar was broke the SMAs resistances to trade at 112.43 mark.
In regards to the near-term future, most likely, the US dollar will be supported by the 55-hour and the 200-hour SMAs to push the rate to trade on the higher level to break the resistance of the monthly PP at the 112.60 mark.
On the other side, the monthly PP at 112.60 may resist the currency exchange pair to push the rate to trade backwards at 112.40 level.
The US Dollar depreciated 0.08% against the Japanese Yen since Thursday’s session. During the previous trading session, the currency pair passed through the SMAs resistances to stop the trade at 112.15. During Friday’s morning hours, the US Dollar was broke the SMAs resistances to trade at 112.43 mark.
In regards to the near-term future, most likely, the US dollar will be supported by the 55-hour and the 200-hour SMAs to push the rate to trade on the higher level to break the resistance of the monthly PP at the 112.60 mark.
On the other side, the monthly PP at 112.60 may resist the currency exchange pair to push the rate to trade backwards at 112.40 level.
The US Dollar appreciated 0.43% against the Japanese Yen since Tuesday’s session. During the previous trading session, the currency pair broke the 55-hour and the 100-hour SMA to stop the trade at 111.81 mark. During Wednesday’s morning hours, the US Dollar was trading between the SMAs at 112.27 mark.
In regards to the near-term future, the US dollar will trade upwards to the monthly PP at 112.60 level due to the support of the 100-hour and 55-hour SMAs.
On the other side, the currency exchange rate could depreciate to pass through the SMAs due to today’s US fundamental data releases. Watch out for the news!