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USDJPY: Buy opportunity inside the 1H MA200 and 4H MA100.USDJPY is bullish on its 1D technical outlook (RSI = 58.138, MACD = 1.880, ADX = 50.518) which perfectly explains the Channel Up it's been trading in since October 8th. At the moment the price is on an aggressive bearish wave, which got accelerated today as it was rejected on the 1H MA50. The result is so far a direct hit on the 1H MA200 for the first time since Nov 10th. The last two HL were on the 4H MA100 however, so there is still some more room to fall but even on the current level the reward largely outweighs the risk. We are just over the 0.5 Fibonacci level afterall, which is where the November 5th low was formed. We're long, aiming for a +3.20% rise (TP = 158.500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
USDJPY Bullish Cross on 1W MACD will push it higher.The USDJPY pair is having an excellent bullish run since our September 25 buy signal (see chart below), which was right at the bottom of the 2-year Channel Up: We're approaching our 161.800 long-term Target much faster than we expected but we've identified this time a short-term opportunity that can go along with the long-term one. We are past a 1W MACD Bullish Cross and when the previous Bullish Leg formed one on Aptil 14 2023, the price (which was already within a Channel Up) didn't stop the uptrend. On the contrary it extended it up until a little after a 1D Golden Cross was formed. As a result we can target additionally 160.000 within a 2-month time-frame. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
GBP/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the GBP/USD chart on the daily timeframe, we can observe that the price is experiencing a significant decline. I anticipate that this heavy drop will likely pause, at least temporarily, upon reaching the demand zone between 1.267 and 1.2735. This is a key area of interest, and I expect a potential return of 50 to 200 pips from this level. This analysis will be updated as necessary. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
33
USD/JPY Rate High: Yen Under Pressure from Strong USDCurrently, USD/JPY is rising as the U.S. dollar strengthens on expectations that Trump’s policies could impact Federal Reserve interest rates, driving the pair above 150. In the short term, USD/JPY may stay elevated, though long-term trends will depend on Fed rate decisions and the Bank of Japan’s (BOJ) response. While BOJ maintains its loose monetary stance, the Fed’s potential for high rates to control inflation continues to support the USD/JPY pair. However, if the Fed signals rate cuts or BOJ shifts its policy, USD/JPY may decline.
by VivianPalacios280824
$JPINTR -Japan's Interest Rates (October/2024)ECONOMICS:JPINTR 0.25% October/2024 source: Bank of Japan - The Bank of Japan (BoJ) unanimously maintained its key short-term interest rate at around 0.25% during its October meeting, keeping it at the highest level since 2008 and matching market estimates. Thursday's decision came amid shifting political lansdscape following Japan's election and ahead of the US presidential election. In a quarterly outlook, the BoJ held its forecast that core inflation to reach 2.5% in FY 2024, with inflation expected to be around 1.9% for both FY 2025 and FY 2026. Regarding the GDP, the central bank retained its 2024 growth forecast at 0.6%. Additionally, it forecasts growth of 1.1% for FY 2025 and 1.0% for FY 2026.
ECONOMICS:JPINTR
by Mr_J__fx
USDJPY: Will the NFP Halt the Dollar?The USD/JPY moves between sustained bullish momentum and possible technical corrections: the Bank of Japan’s decision to keep rates unchanged temporarily strengthened the Yen, pushing the pair below 153, but post-election political uncertainty limits any lasting appreciation of the Japanese currency. Conversely, the US dollar continues to benefit from a favorable economic backdrop, bolstered by a strong labor market and the potential for a gradual Fed approach in the future. Imminent economic data, such as consumer confidence and JOLTS job openings, could confirm the US recovery, further boosting Treasury yields and the dollar. From a technical perspective, the trend remains bullish, with key resistance levels at 153.90 and 155.10, while a correction toward supports at 151.95 and 149.50 might indicate a pause or reversal of the trend.
Long
by Forex48_TradingAcademy
1
Can USD/JPY rebound from this key support? the USD/JPY has been consolidating its recent gains in the last couple of days, with price testing the upper band of the 152.85 - 151.95 support area after retreating from the 61.8% Fibonacci retracement level circa 153.40. This week's mixed US data has taken some shine off the US dollar, but with the election uncertainty hanging over the markets, the dollar is unlikely to sell off significantly until at least the election is out of the way. With that in mind, the USD/JPY could easily rebound from the 152.85 - 151.95 support area and break through the 61.8% Fib resistance. If it gets above it, then the next upside target would be 155.00, a psychologically important level. The line in the sand for me is at 151.45, where the 200-day average and the most recent low come into play. For as long as this area holds, the short-term path of least resistance remains to the upside. By Fawad Razaqzada, market analyst with FOREX.com
Long
by FOREXcom
USD/JPY Chart Analysis: Rate Hits Autumn HighUSD/JPY Chart Analysis: Rate Hits Autumn High Today’s USD/JPY chart indicates that the U.S. dollar has strengthened against the yen by over 6.6% since the beginning of the month. Starting this trading week, the rate has surpassed 153 yen per dollar, a level not seen since August 31. This bullish sentiment towards the dollar has been driven by the outcome of Japan’s parliamentary elections over the weekend. According to Reuters, investors believe that the loss of the ruling coalition’s majority in Japan’s parliament reduces the likelihood of a future interest rate hike, contributing to the yen's weakening. On October 10, there was speculation that bears might halt the October rally (marked by the blue channel) and guide the rate back down within a descending channel from its upper boundary (marked in red), with the psychological level of 150 yen per dollar acting as resistance. However, bulls maintained their momentum (which originated from the psychological level of 140 yen) and continued the rally, breaking through this resistance. Per USD/JPY technical analysis, the 150 yen level may now serve as a support line. The RSI indicator currently suggests the formation of a potential bearish divergence, hinting that a slight correction might occur as the market anticipates key upcoming news, which could heavily influence the sustainability of the current USD/JPY rally: → The Bank of Japan’s interest rate decision, expected on Thursday → Key U.S. labor market data releases scheduled for later in the week This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Market Analysis: USD/JPY Remains In Strong UptrendMarket Analysis: USD/JPY Remains In Strong Uptrend USD/JPY is rising and might gain pace above the 153.85 resistance. Important Takeaways for USD/JPY Analysis Today - USD/JPY climbed higher above the 150.50 and 152.20 levels. - There was a break above a key contracting triangle with resistance at 152.00 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a fresh upward move from the 149.00 zone. The US Dollar gained bullish momentum above 150.50 against the Japanese Yen. It even cleared the 50-hour simple moving average and 152.00. There was a break above a key contracting triangle with resistance at 152.00. The pair climbed above 153.50 and traded as high as 153.88. It is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 151.45 swing low to the 153.88 high. The current price action above the 153.20 level is positive. Immediate resistance on the USD/JPY chart is near 153.85. The first major resistance is near 154.20. If there is a close above the 154.20 level and the RSI moves above 65, the pair could rise toward 155.00. The next major resistance is near 155.85, above which the pair could test 157.00 in the coming days. On the downside, the first major support is 153.20, below which the bears could gain strength. The next major support is visible near the 50% Fib retracement level of the upward move from the 151.45 swing low to the 153.88 high at 152.65. If there is a close below 152.65, the pair could decline steadily. In the stated case, the pair might drop toward the 152.20 support zone. The next stop for the bears may perhaps be near the 151.45 region. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
USDJPY needs to pay attention to the BOJ meeting on ThursdayThe Bank of Japan will make a decision on interest rates this Thursday and the market currently expects the bank to leave interest rates unchanged. At about 10:00 Hanoi time on October 31 (Thursday), the Bank of Japan will hold an interest rate decision. As fears of a recession in the US ease, the Bank of Japan may signal that its policy outlook will be less dovish. Recent data shows that Japan's core inflation remains under upward pressure, but the Bank of Japan will likely continue its "wait-and-see" approach at this week's meeting. The market will closely monitor the quarterly outlook report, as well as changes in the Bank of Japan's assessment of risks to the US economy and the recent depreciation of the yen. Technically, after being limited by the 0.618% Fibonacci retracement level, OANDA:USDJPY has dropped to get more support from the upper edge of the price channel. Along with that, maintaining price activity above the 0.618% Fibonacci level will be a positive signal for the uptrend in the near future. Currently, USD/JPY is likely to test the 154.525 level in the short term, more so than the 155.222 level with an upward trend from the near-term price channel. However, the room for USD/JPY's price increase is no longer too wide as the Relative Strength Index (RSI) is reaching the overbought level, signaling corrections to occur. But as long as USD/JPY remains in the price channel, it still has an uptrend in the short term, and as long as it stays in the price channel and maintains price activity above EMA21, it still has an uptrend in the medium to long term. The current price drops should be considered a short-term correction without changing the main trend. In the immediate future, the uptrend of USD/JPY will be noticed by the following technical points. Support: 153.365 – 151.866 Resistance: 154.525 – 155.22 2
by Xayah_trading
USD/JPY Strengthens Due to High U.S. Bond YieldsThe technical analysis of USD/JPY on October 23 shows a strong upward trend. Currently, the pair is trading around 152.692 after breaking the 150.489 support level, paving the way for a potential rise to 155. The EMA 34 and 89 lines provide solid support, while the MACD indicator suggests strong upward momentum. A short-term correction may occur before further gains. On the news front, USD/JPY is boosted by high U.S. bond yields and expectations that the Fed will maintain stable rates, while the Bank of Japan continues its loose monetary policy.
by Zola_Hello
$JPIRYY -Japan's CPI (September/2024)ECONOMICS:JPIRYY 2.5% (September/2024) source: Ministry of Internal Affairs & Communications - The annual inflation rate in Japan fell to 2.5% in September 2024 from 3.0% in the prior month, marking the lowest reading since April. Electricity prices increased the least in three months as the impact of energy subsidy removal in May waned (15.2% vs. 26.2% in August), and the cost of gas rose much more slowly (7.7% vs. 11.1%). Moreover, costs moderated for food (3.4% vs. 3.6%), furniture & household utensils (4.8% vs. 5.2%), transport (0.1% vs. 0.2%), and culture (4.3% vs. 4.8%). Additionally, prices fell further for communication (-2.6% vs. -2.4%) and education (-1.0% vs. -1.0%). On the other hand, inflation remained unchanged for housing (0.7%) and healthcare (1.5%), while edging higher for clothes (2.4% vs. 2.3%) and miscellaneous (0.9% vs. 0.8%). Meanwhile, the core inflation rate hit a five-month low of 2.4%, down from August's 2.8%, compared with the consensus of 2.3%. On a monthly basis, the CPI declined by 0.3%, pointing to the first drop since February 2023.
ECONOMICS:JPIRYY
by Mr_J__fx