Get started

#usdjpy#forex

Market Analysis: USD/JPY Trims GainsMarket Analysis: USD/JPY Trims Gains USD/JPY is correcting gains and might test the 144.15 support in the near term. Important Takeaways for USD/JPY Analysis Today - USD/JPY struggled near 147.20 and recently started a downside correction. - There was a break below a major bullish trend line with support at 145.80 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a decent increase from the 144.00 zone. The US Dollar gained bullish momentum above 145.50 against the Japanese Yen. The pair even climbed above 147.00 before the bears appeared near 147.20. As a result, the pair started a downside correction below the 50-hour simple moving average and 146.00. There was a break below a major bullish trend line with support at 145.80. The pair tested the 145.00 zone. A low was formed at 144.89 and the pair is now consolidating losses. Immediate resistance on the USD/JPY chartis near the 23.6% Fib retracement level of the downward move from the 147.20 swing high to the 144.89 low. The first major resistance is near the 50% Fib retracement level of the downward move from the 147.20 swing high to the 144.89 low at 146.05. If there is a close above the 146.05 level and the RSI moves above 50, the pair could rise toward 146.65. The next major resistance is near 147.20, above which the pair could test 148.00 in the coming days. On the downside, the first major support is near the 145.05 level. A downside break below the 145.05 support might spark strong bearish moves. The next major support is near 144.15. If there is a close below 144.15, the pair could decline steadily. In the stated case, the pair might drop toward 143.20. The next stop for the bears may perhaps be near the 142.50 zone. 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
USD/JPY Pair Slips to 144.440: Are Bullish Opportunities Ahead?The USD/JPY currency pair experienced a decline to around 144.440 during Tuesday’s European session as the US Dollar (USD) remains under pressure. Market participants appear increasingly convinced that the Federal Reserve (Fed) is on track to begin reducing interest rates starting with its September meeting. This sentiment has kept the USD on the back foot, creating downward pressure on the pair. However, a closer look at the current price action shows that USD/JPY is trading within a key demand zone. Analyzing JPY Futures reveals a notable divergence in positioning between different market players. While retail traders are predominantly bullish on the Yen, positioning data suggests that "smart money" — typically institutional traders and commercials — is heavily bearish. This positioning reflects an inverse pattern in the USD/JPY pair, where smart money is leaning long, and retail traders are skewed short. Seasonality trends further bolster the case for a potential bullish reversal. Historical data over the past decade suggests that USD/JPY often embarks on a bullish trajectory around this time of year. This seasonal pattern, combined with current market positioning, could pave the way for a strong bullish impulse in the USD against the JPY. With these factors in mind, traders should keep a close eye on upcoming price action for potential bullish opportunities in the USD/JPY pair. ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
USDJPY ( UNDER UPWARD PRESSURE ) ( 4H )USDJPY HELLO TRADERS in the last week the price of OANDA:USDJPY starting to rising , currently the price it will be trying to breakout a channel , in the event of this occurrence , price starts to up trading . Tendency , the price is under bullish pressure , until trading above turning level . Downward Zone : for a downward movement to occur , the price needs to break through the turning level at 145.994 , leading to decline that could reach the support level (1) 144.322 , if the price breaks and stabilizing below this level it may attempt to reach support zone between 142.223 and 139.804 . Upward Zone: as long as the price remain above the turning level at 145.994 , it may rising towards the resistance level (1) at 150.900 , if the price breaks this level with a 4h candle closing above it , it suggest further upward towards the resistance zone between 154.969 and 158.169 . CORRECTIVE : currently price it will be attempt to retest to reach a turning level at 145.994 before rising . TARGET LEVEL : RESISTANCE LEVEL : 150.900 ,154.969 , 158.169 . SUPPORT LEVEL : 144.322, 142.223 , 139.804 .
Long
by ArinaKarayi
4
USD/JPY Analysis: Rate Surpasses 149 Yen Per DollarUSD/JPY Analysis: Rate Surpasses 149 Yen Per Dollar As the USD/JPY chart indicates, the rate has risen approximately 5.4% above the August 5 low. On one hand, the yen's weakening against the U.S. dollar is partly driven by rumours that the Bank of Japan might intervene not to support the weak yen (as when the rate was above 160) but to weaken it further. "Intervention history shows that after yen-buying interventions, yen-selling interventions followed to curb excessive yen strength," Reuters reports, reflecting analysts' views. On the other hand, the dollar strengthened yesterday as robust U.S. economic data all but dispelled fears of a recession. Technical analysis of the USD/JPY chart shows: → Since the second half of July, price action has formed a broadening downward structure between two red lines. → The price has mostly moved within this structure, finding temporary support at levels marked by blue lines. An interesting detail on the USD/JPY chart is that when the price broke upwards through the red line from an oversold zone (indicated by the first arrow), the 145.4 level near the breakout became a significant support. A similar situation is now unfolding: the price is breaking through the red line (Red2) from below (indicated by the second arrow). By analogy, it's reasonable to expect the price to find support around the 147.93 level. If the bulls gain confidence, they might attempt to challenge the psychological level of 150 yen per U.S. dollar. 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
3
USDJPY: First green day, DAY 2Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you! “Trade setups, not movements” 1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion) Monday DAY 1 Opening Range Tuesday DAY 2 Initial Balance Wednesday DAY 3 (reset DAY 1) Mid Point Week Thursday DAY 2 ✅ Friday DAY 3 Closing Range 2. SIGNAL DAY First Red Day First Green Day ✅ 3 Days Long Breakout 3 Days Short Breakout Inside Day 3. WEEKLY TEMPLATE Pump&Dump Dump&Pump ✅ Frontside ✅ Backside 4. THESIS: Long: primary, potential weekly dump and pump, the market yesterday failed the LOW breakout, triggering long OTF traders and closing as a FGD, which typically is a template for a long setup, if identified. Between today and tomorrow we can see this template completed. Short: secondary, not really interested in this scenario, however, I do not exclude a retest of the LOW, which it can be a scalping HOD to LOD, but I won't be interested in this trade. Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement. Gianni
Long
by GianniPichichero
Elliott Wave Intraday Analysis: USDJPY is Correcting higherShort Term Elliott Wave USDJPY suggests that the pair is developing a bearish sequence from 07.03.2024 high. The decline made a double correction Elliott Wave structure. Down from 07.03.2024 high, wave A ended at 155.36 low. Rally in wave B ended at 157.86 high with internal subdivision as zig zag structure. Then, the pair resuming lower completing wave C at 151.93 low which ended wave (W) in higher degree. USDJPY turned higher in wave (X) connector ending at 155.22 high. Down from wave (X), the pair continued forming the double correction structure. Wave A of (Y) ended at 148.50 low and wave B bounce ended at 150.89 high. Final leg lower as wave C ended at 141.66 which completed wave (Y) and ((W)) in higher degree. The current rally is in progress expecting to continue higher as wave ((X)) correction. Near term, we are calling an impulse structure as wave (A) that ended at 148.22 high. Now, the pair is developing wave (B) pullback. This retracement could end in 145.43 – 144.08 area to then continue higher in wave (C) of ((X)). Once wave ((X)) structure is finished, we are expecting the pair to continue lower in wave ((Y)).
by Elliottwave-Forecast
EUR/USD : Be Ready for Another Fall! (READ THE CAPTION)By examining the EUR/USD chart in the 4-hour timeframe, we observe that the price is currently around 1.09160, and I expect this pair to decline further with the market opening. The first potential target for EUR/USD is 1.08820. This analysis will be updated. 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
Short
by ArmanShabanTrading
7
Market Analysis: USD/JPY Aims Fresh IncreaseMarket Analysis: USD/JPY Aims Fresh Increase USD/JPY is rising and might take out the 147.80 resistance. Important Takeaways for USD/JPY Analysis Today - USD/JPY climbed higher above the 144.15 and 145.55 levels. - There is a connecting bullish trend line forming with support at 147.00 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a recovery wave from the 142.00 zone. The US Dollar gained bullish momentum above 144.15 against the Japanese Yen. It even cleared the 50-hour simple moving average and 145.55. The current price action above the 147.00 level is positive. A high is formed at 147.81 and the pair might continue to rise. Immediate resistance on the USD/JPY chartis near 147.80. The first major resistance is near 149.40. If there is a close above the 149.40 level and the RSI moves above 60, the pair could rise toward 150.50. The next major resistance is near 152.00, above which the pair could test 155.00 in the coming days. On the downside, the first major support is near the 50% Fib retracement level of the upward move from the 145.42 swing low to the 147.81 high at 147.00. There is also a connecting bullish trend line forming with support at 147.00. The next major support is visible near the 145.55 level. If there is a close below 145.55, the pair could decline steadily. In the stated case, the pair might drop toward the 144.15 support zone. The next stop for the bears may perhaps be near the 142.00 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
USD/JPY Analysis: Rate Stabilizes After TsunamiUSD/JPY Analysis: Rate Stabilizes After Tsunami Less than a month ago, the rate was above 161 yen per US dollar. This week, it dropped below 142.5 yen (approximately -12%). The strengthening of the Japanese yen was driven by actions from the Bank of Japan and financial authorities: → Intervention to support the yen in mid-July; → An interest rate hike last week. On its downward trajectory, the USD/JPY rate broke through: → The ascending trendline (shown in purple); → The median line of a large ascending channel (shown in blue) that began in 2023; → The psychological levels of 160 and 150 yen per dollar. The bears' aggression seems to have exhausted near the lower boundary of the blue channel. This was aided by statements from authorities aimed at stabilising financial markets, including the Japanese stock market. Specifically, Bank of Japan Deputy Governor Shinichi Uchida said: “I believe that the bank needs to maintain monetary easing with the current policy interest rate for the time being, with developments in financial and capital markets at home and abroad being extremely volatile.” He also noted that concerns about the US economy, combined with actions from the Bank of Japan, triggered the volatility. Technical analysis of the USD/JPY chart shows that: → Following the "dovish" comments from authorities, the price returned within the blue channel, and the RSI is recovering after falling below the 15 level. → If the bears resume pressure, support may come from both the lower boundary of the channel and the December 2023 lows around 141 yen per dollar. → Resistance can be expected at the psychological level of 150 yen per dollar, where the bears proved their strength after brief fluctuations around this level at the start of the week. It is possible that, following the volatility "tsunami," the market's turbulence will subside, and the forces of supply and demand will more accurately indicate the fair value of the yen relative to the US dollar in light of the latest news. 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
2
USDJPY recovers, downtrend conditionsA sharp shift in Japan's monetary policy, geopolitical tensions in the Middle East and disappointing US jobs data have pressured global markets since last Friday. . The yen's rapid rise began last Wednesday, when the Bank of Japan raised interest rates and laid out a plan to gradually taper its bond-buying program. The US dollar fell nearly 5% against the yen last week and fell further on Monday. However, it recovered slightly by 0.09% on Tuesday and continued to recover on Wednesday. USD/JPY is currently trading around 147. There is a reason the yen could give up recent gains as the market may accept expectations of a US interest rate cut, but it will be more difficult to digest expectations of Japan continuing increase interest rates. Tuesday's data showed Japanese households remained cautious and will struggle to boost aggregate demand enough to keep inflation at 2%. Therefore, it will be difficult for the Bank of Japan to fulfill its desire to continue the cycle of increasing interest rates. However, this is only a subjective assessment, because everything from Japan needs additional information from the BOJ to be able to fully evaluate the path. On the weekly chart, OANDA:USDJPY recovered above 146.385 and above the 0.50% Fibonacci retracement level. However, these recovery levels are not enough for USD/JPY to have bullish conditions when the confluence of the trend price channel (a) and the 0.382% Fibonacci level will be the current closest resistance. For USD/JPY to gain further upside it needs to bring price activity above the 0.382% Fibonacci retracement level and then the target level of around 153,760 price points is the confluence of Ema21 and 0.236% Fibonacci retracement. Meanwhile, once USD/JPY is sold off again below 144.520 it will continue to move towards 140.401 in the short term. Currently, technical position conditions for USD/JPY remain bearish with notable technical levels listed below. Support: 144,992 – 144,520 Resistance: 148,654
by Xayah_trading
JPY Strengthens Amid BoJ Tightening, USD Faces HeadwindsThe Japanese Yen (JPY) exerted downward pressure on the US Dollar (USD) during the early European session. Despite the USD's initial attempt to recover value following yesterday's decline, the JPY continued to strengthen due to rising expectations that the Bank of Japan (BoJ) may implement further monetary policy tightening. The BoJ recently raised its short-term rate target by 15 basis points (bps), adjusting it to a range of 0.15%-0.25%. Additionally, the central bank announced plans to reduce its monthly purchases of Japanese government bonds (JGBs) to ¥3 trillion, starting in the first quarter of 2026. These moves have bolstered the JPY, adding to its momentum against the USD. Meanwhile, the upside potential for the USD/JPY pair appears limited as the USD encounters significant headwinds. Expectations are growing for a 50-basis point (bps) interest rate cut by the US Federal Reserve (Fed) in September. The CME FedWatch tool indicates a 74.5% probability of this rate cut at the September meeting, a sharp increase from the 11.4% chance reported just a week ago. From a technical perspective, incorporating our Supply and Demand analysis, we missed the initial entry in the Supply area due to a rapid spike that reached our entry point. Nonetheless, we are monitoring for a potential retest of that area for a possible short position. USD/JPY Chart ✅ Please share your thoughts about Japanese Yen Futures in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:6J1!
by FOREXN1
1