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Forex-usdjpy

The If, When, How of the BoJ interventionAs the Yen continues to weaken, the market consensus is that the BoJ is most likely to intervene when the price hits the round number level of 150. Understanding the previous time the BoJ intervened (non stealth) on 22nd September 2022, there are a few learning points to note: - The market consensus price level then was 145. However, the BoJ intervened only when the USDJPY climbed to reach 145.90. ( Noteworthy : A hard and fast number probably isn't what the BoJ is paying attention to, OR market consensus is generally wrong) - The BoJ is deemed to have intervened (stealth) twice more since the 22nd September 2022 (13th & 18th October). But these saw lesser price volatility and were quickly and easily reversed. ( Noteworthy : Stealth intervention doesn't seem to work well) - The BoJ intervention on 22nd September was after the BoJ policy report and the actions were announced by the BoJ. ( Noteworthy : The next BoJ policy report is soon! On the 28th October) How to prepare and take advantage of a BoJ intervention? - Utilise a sell stop pending order. - Judging from the previous intervention which had more than 500pip move and almost no whipsaw; you could apply the pending order below the round number level (in this case, below 149) - And if the price continues to climb, just shift the order up accordingly. - However, always ensure that you have a StopLoss: approximately 45 pips and a TakeProfit: of at least 200 pips which would allow you to have a very good R:R.
by JinDao_Tai
5
GOLD : 2nd Target Reached : +390 Pips ✅✅ $ 1696 Reached ➡️ +140 Pips ✅ ✅ $ 1675 Reached ➡️ +350 Pips ✅ The last analysis was : By examining the gold chart in the 4-hour time frame, we can see that the price finally managed to penetrate below $1696 with the announcement of the NFP rate, and this factor was an important reason for BMS ! The next important levels are marked on the chart, monitor the reaction to these levels! ($1675, $1670, $1659.5) #Woman_Life_Freedom ❤️🕊✌🏼 Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 10.10.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSD
by ArmanShabanTrading
37
Mitigation of 15M Supply, Wait for Liquidity Sweep to DownsideI marked up a 15M POI in my previous analysis and price reached to that supply yesterday. The USDJPY had strong downside move that had double demand zones break and change of character. I mark up the zone that caused double break. Also there were huge liquidity below that zone which was swept. Everything is now ready for a huge downside move. If you missed this entry, check lower timeframe for more entries. What do you think about this chart? Feel Free and Comment Below!
Short
by AmirSoraya
Change of Character and BOS, USDJPY Unmitigated SupplyIf you check previous analysis on USDJPY, I highlighted the low that had to be broken to reverse the price, that happened! Change of character and then break of structure happened in USDJPY. Remember that when BOS or CHoCH happens, supply or demand zone is automatically created on the other side. Supply has created that CHoCH and BOS so we can expect another down move after touching the zone. Wait for H4 supply mitigation, look for entry on lower timeframes. Also 15M supply is marked up where can be better entry and gets better RR. What do you think about this chart? Feel Free and Comment Below!
Short
by AmirSoraya
4
Can I tell you about: The BoJ InterventionThe USDJPY had been climbing strongly especially as the price broke above the 140.50 resistance level to an overall high of 145.90. However, before the high of 145.90 was reached, the price had been resisted by the 145-round number resistance level. On the 14th of September , as the USDJPY tested the 145 resistance level again, the Bank of Japan conducted a rate check, in apparent preparation for currency intervention. The signaling of the BoJ's intention to intervene in the Forex market saw the USDJPY trade lower towards the 142.50 support level. On 22nd September , with the release of the BoJ monetary policy decision maintaining at -0.1% and failing to indicate an intervention from the BoJ, the USDJPY traded with significant volatility but eventually traded higher towards the 145.90 price level. As the price hit the 145.90 price level, the BoJ announced that it had intervened in the foreign exchange market, to buy the yen for the first time since 1998, in an attempt to shore up the battered currency. This saw the UDSJPY plunge to around 140.36 yen. However, as Finance Minister Shunichi Suzuki declined to disclose how much authorities had spent buying yen, whether other countries had consented to the move, and with no subsequent signs of further intervention, the Yen has almost completely retraced the reactionary plunge. Currently trading below the 145 resistance level and the 78.60% fib level, the directional bias of the USDJPY is still heavily dependent on the strength of the USD and the overall volatility of the DXY. But it could be a while more before we see the USDJPY trade higher beyond the 146 resistance level.
by JinDao_Tai
Can Bulls Break Above Sell Climax? Low Probability!USDJPY was moving within trading range since September 5, 2022. Best strategy in trading ranges is to buy low and sell high. Also most TR breakouts fail and reversed into range. As you see, USDJPY had sell climax that tests the bottom of TR and then it reversed up and created tight bull channel. When we have such strong sell climaxes, the probability for new high is very low and I think USDJPY is going to reversed down from TR Top. Wait for bear breakout or patterns like wedge top or double top then short. Patterns and breakouts means higher probability for bears to reverse the price down. What do you think about this chart? Feel Free and Comment Below!
Short
by AmirSoraya
King Dollar Marches OnThe US dollar has broken out, as we anticipated yesterday. We inched above highs established at 114.54. Although red triangles on the KRI are confirming resistance at these highs, we appear to have broken out from the bull wedge pattern discussed yesterday. If we are able to break through then our next target is a bit aggressive at 120.66. However we are likely to meet resistance at several levels before then. If we retrace, then we could go as low as 111.37, but this is unlikely as a range was established with a bottom at about 113, which we expect to hold once again.
TVC:DXYLong
by quantguy
JPYX. P-Modeling Pt 1. The Shadow Eyes of CajunWelcome Hyperspace Travelers. The eye of Cajun sees JPYX getting help from the 10Y in order to prep for SPX JGB JPYUSD VIX weight transference using Kinetic Energy Distributions. The currency index is at 837.7 with a probability distribution that expands the lower levels down to 687.00. This equates into longing USDJPY until 147.00 and playing a 4 cubic retrace at each new E value. Long Swing Trade USD/JPY Entry: 133.xxx TP1: 141.2 TP2: 143.5 TP3: 146.8 As well as playing the long movement that has gathered immense scrutiny. I will attempt to nail the 4x cubit retrace defined at each new E. Unfolded. The incoming movement stringed segmentations will yield thousands of pips up until EOY. Thanks for Pondering the Unknown with Me, Glitch420
PEPPERSTONE:JPYX
by Glitch420
NonFarmPayroll Prep (USDJPY)NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings. If the data is released better than expected, the USD should strengthen. Is the USDJPY likely to continue climbing higher? Or is it set up for a strong reversal? Typically strong US NFP employment data is would result in a strengthening of the DXY and for the USDJPY to climb higher. The USDJPY could climb towards the 142 resistance area before possibly staging a strong reversal, as the Stochastic look to turn out of the overbought area. On the reversal, the first target level would be the 139.40 support level.
Long
by JinDao_Tai
USD/JPY Outlook (30 August 2022)The USDJPY climbed off the 23.6% fib level and the 136.50 price level to reach the immediate resistance level of 138.87. This move higher was driven by the strength of the DXY and the hawkish comments from the Federal Reserve. Interest to note, golden cross; where the 50MA crosses over the 200MA have formed, indicates a potentially significant upside move. Look for the price to break above the 139.40 price level to signal a continuation of the upside towards the next resistance of 141.39.
Long
by JinDao_Tai
2
Dollar Yen RSI and Stochastic RSI ratingTechnical analysis of movements of the USD/JPY on the daily and 4 hourly timeframes. BlackBull Markets analyses the RSI and Stochastic RSI, which are indicators that can show many features of chart movement. Disclaimer: Trading is Risky. T&C's apply. Education: All videos on this channel are provided for educational purposes only. The content contained in every video is generic in nature and does not represent a personal recommendation or investment advice. Black Bull Group Limited does not represent that any of the information provided is accurate, current, or complete and you should not rely upon it when making your trading or investment decisions.
by BlackBull_Markets
USD/JPY (Some Bullish Signs are spotted)View On USD/JPY (12 AUg 2022) I am seeing nice PIN bar and it is possibly a BULLISH one. I am seeing 135.5 shall be a nice Target. It might be a good idea to stay on the BUY side. Let's see, DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Long
by SonicDeejay
USD/JPY Outlook (25 July 2022)The BoJ continues to diverge from the other central banks, being the only major central bank yet to increase rates, as it held its ultra-loose monetary policy unchanged. Because of this, the Japanese Yen is expected to weaken against the other major currencies. However, as the DXY weakened to the 106 level and investors grow concerned about the economic slowdown in the US, safe haven currencies and commodities were sought. This caused the USDJPY to trade significantly lower towards the 136 support area. If the support level holds, further downside could be limited, with the USDJPY possibly correcting towards the upside to test the 137.60 resistance level. Next lower support level is 135.00
Long
by JinDao_Tai
USD/JPY Outlook (12 July 2022)The USDJPY shot from 136 to almost 138 on the back of a stronger US dollar but also because BoJ Gov Kuroda indicated that the Japanese economy was picking up (despite some indicators of weakness) and that consumer inflation was at 2%. This led to a reaffirmation that the BoJ will keep with its path of ultra loose monetary policy, hence the yen weakening. Today however, the Japanese Minister of Finance commented that the rapid weakness of the Yen was of concern and that the ministry would take appropriate action if necessary. This hint of potential FX intervention and the retracement of the DXY lead the USDJPY to follow with a retrace back below 137.00. Look for further downside in the USDJPY with 136.00 as the next key level of support.
Short
by JinDao_Tai
4