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Japan

Will Santa Deliver A Stronger JPY Before Christmas?​The index that measures the strength of the JPY against a basket of other currencies (JXY) is down approximately 9.5% year-to-date. At the time of writing, the index is valued at 87.97, after spending the past month climbing up from its yearly low of 86.60. Not only was 86.60 a yearly low, but also a four and a half year low (last seen in March 2017) for the JXY. Will Santa deliver a stronger JPY before Christmas? Two important economic reports are set to influence the strength of the JPY and subsequently the JXY over this coming week. The first, released on Wednesday, is the Monetary Policy Minutes from the Bank of Japan (BoJ), covering its meeting last week. The board members’ opinions will be noted against the Bank’s decision to rein in some of its pandemic-related spending but remain ultra-accommodative in every other sense. In particular, it will be interesting to see how the board members talk about the possibility of inflation in the country accelerating to 0.4%, which has been forecast. The second important economic report this week, Japan’s Inflation YoY to November, is scheduled to be confirmed just after midday Friday. An inflation rate of 0.4% is hardly likely to set off alarm bells with BoJ officials and instigate a more hawkish position. But some acknowledgement should be necessary. Any deviation from the forecast could relay into some JPY trading opportunities. GBPJPY or USDJPY? The upside to the JPY in relation to the GBP could be a little more potent than against the USD. Case in point, after the Bank of England, surprised (half) the market last week Friday with a rate hike, the GBPJPY has since given up its immediately preceding 1.3% appreciation. The predicted choppy week leading up to Christmas might also provide some motivation to buy into the JPY against the GBP, but unlikely to do so against the USD, as the risk-off environment should spread amongst both these safe havens currencies.
TVC:JXY
by BlackBull_Markets
#JPYUSD Long term view shows weaker US$ and re-test of 110Hi All, my main 3 take-outs from this analysis are the following: 1- In the weekly chart - so long term view - the US$ is possibly going to re-test the 110 area (at least!). In fact, in that area we have a strong uptrend line (in red) which will possibly act as support 2- The cross came out from a descending channel which lasted since the end of 2016, and this breakout happened in March this year 3- Fibonacci tool suggests that the cross might not only re-test the 110 level (38.2 fibo level) but also test the 109 and the 107 (50% and 61,8%) Not a financial advice, just personal opinion. Do your own due diligence and good luck!
Short
by FrancescoMerlettini
USDJPY | SHORTEntry Range: 114.076 - 114.181 Avg . 114.152 (RRR: 2) 1st. Profit Target: 113.877 2nd. Profit Target: 113.463 Stop Loss: 114.291 HOW TO ENTER MY TRADES 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. 2. Only first touches are valid. If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid
Short
by Event0011
1
GBPJPY Hey Traders, in the coming week we are monitoring GBPJPY for a buying opportunity around 151-152 Zone, we might see a pullback around 153 zone towards 151 before the rally to 156 zone, Back then we might consider a swing sell around that strong supply zone. Once we will receive any confirmation we will execute the trades, currently we are just preparing the setups for the next week and setting the most strong zones. Don't forget that money management is the key level to success in the Trading journey so always consider following a good money management plan especially with swing trades because the movements are more Violent! Good Luck and Happy weekend! Joe.
Long
by JoeChampion
14
What we have see on USDJPY, It will be fall to the 112 areaHey friends, and trader We forecast downside movement for the USDJPY for several reasons 1. USD is overbought and over-priced in 2 months ago 2. JPY is oversold and this is a good and cheap price for this safe-haven currency 3. Smart buyers are buying in these prrices. 4. As you see in the picture, The non-commercial traders usually are buyers in these prices cause the JPY is being valuable in these prices. 5. Buy trend line is broken in the H4 time frame so if you are a swing trader or long-term trader it's a good opportunity for you. Good Lock, Wish you money With respect Ali Sabbaghi ziwox.com
Short
by Alisabbaghi