Get started

Japan

3234 MORI HILLS REIT - juncture attentionMori Hills REIT should be tracing a minute wave c up. However, there is a possibility that this juncture couls also be near the end of minor wave two. In the first case, prices should continue to go up, in the second case if prices reaches 141,100 we recommend you to get out of the position as this could sinalize the end of wave 2 and minor wave 3 will push prices down. There was a record selling volume as prices approached the end of this move, that's why we are having caution here. FOLLOW SKYLINEPRO TO GET UPDATES.
TSE:3234
by SkylinePro
AUDJPY Bullish Continuation?Hi All, I am intently watching the AUDJPY pair as we continue to coil up in this symmetrical triangle. This triangle is forming after a nice bullish divergence on the 1hr timeframe. Keep an eye on this pair as we enter the final stages of what looks like a bullish continuation pattern.. However, Australia have just announced a $130B stimulus package for business and employees struggling during the COVID-19 pandemic, what does this pair do from here? Australia is due for the HIA New Home Sales report tomorrow morning so we could see this act as a moving factor during this crucial time for this pair, if we get negative news could we see the Aussie dollar lose value against the Yen? Potential manipulation (bull trap) ahead.. Keep alert and trade safe! -- MNLZ
by MinimalFiat
5
Coronavirus Regional Long/Short Japan (EWJ) outperforms as Coronavirus cases are low (due to low testing), but country now on the verge of a massive virus outbreak, in line w/ EU & US. Italy (EWI) lags DM, seen as new epicenter of Coronavirus. Country on lockdown, virus priced in (relative to Japan). Italy also has sov debt & banking crisis overhang- but Japan also has massive sov debt & banking crisis, just not as widely publicized. Banking/debt crisis aside, strictly from coming Coronavirus data reaction, RELATIVE pair trade: Short EWJ (Japan) / Long EWI (Italy) ETFs are FX hedged to mitigate some of USD vol interference.
AMEX:SPYShort
by acrossthespread
USDJPY Rising Wedge in Uptrend Possible Reversal?I guess yen will have some probabilities technically as the price was pumped a lot in this major pair and now falling backward after price breaking lower from the rising wedge. Technically if the rising wedge forms after an uptrend, it’s usually a bearish reversal signal. If we can see a falling DXY indicating some weakness in king and rising wedge in an uptrend which breaks lower this major pair may fall backward I assume. Momentum are showing bearish domination in stochastic as well.
Short
by Anatta0
2
CHFJPY Possible Breakout/ReversalTrendI think if swiss breakout upward this time from this falling trendline there could be a possible long opportunity for this pair. Talking about the king (greenback) it is losing some gains which it had from the earlier days of the week from other counterparts. For now, the king is pulling yen lower and I think swiss may take this chance and if the price breakout falling trendline with strong momentum buy stop order should be triggered and if ain't be a fakeout possible reversal can be a case which will lead price around weekly pivot R1.
Long
by Anatta0
5
Nikkei 225 Possibilities of Bullish ContinuationThe bull is weighing against the bear at the moment on TVC:NI225 knowing how the global equity markets turning from red to green because recently market participants having higher risk appetites. Also, at this point, we know that YEN losing its strength against may other currencies and it's been a couple of days now so I think that should help the export-oriented economy country like japan as well. We are having a cheaper currency which will obviously help the businesses to export more in ease. Businesses will rise back and eventually it will grow the demand for such domestic equities leading the index higher.
TVC:NI225Long
by Anatta0
Bank Of Japan bought 101,4 billion yen of ETFs todayToday the Bank of Japan purchased a record daily amount of exchange-traded funds after governor Haruhiko Kuroda pledged to provide ample liquidity through its asset purchases, 101,4 billion yen is around $0,94 billion, As a result, Nikkei Index rose almost 3%. The problem now is that this week we are going to know 4 quarter GDP from Japan which is expected to fall 1%. Thus, this growth is temporary or until we receive negative data. Also, it looks like BOJ is simply trying to prop up stock prices. On the other hand, Japanese Company Bankruptcies Rise for First Time Since 2008. In 2019, the number of Japanese companies with net liabilities in excess of ¥10 million rose 1.7% to 8,383, the highest level since the 2008 financial crisis, according to a report by credit reporting agency Tokyo Shōkō Research. On march 1, Under emergency legislation, the government ordered mask manufacturers to sell their products to the state. It announces it will supply masks to Hokkaidō municipalities with numerous infections.The Ministry of Health, Labor, and Welfare warns that gyms and buffet restaurants are particular danger spots for infections.
Short
by Market_Referee
ridethepig | JPY Losing It's "Haven" Status...Highlights of the week going to USDJPY exploding to the topside and catching many with their pants down (myself included). In times of extreme panic even the USD can outperform JPY as a safe haven currency. Japanese economy is coughing badly in all data fronts and considering the geographical location relative to the virus it makes it hard to find reasons to park capital there for the forseeable future. Combining all of this with the technical break of 110.3x which was strong resistance and cascaded macro stops, simply, technicals only added fuel to the fundamental fire. The monthly chart in USDJPY is looking very bullish indeed, with targets up at 149.xx .. this chart is not looking so crazy after all: The same 'E' leg that we traded live together: Most of the sell-side flows in USDJPY were built around coronavirus risk-off sentiment - I recommend bookmarking this breakup as it seems we are dislocating from the traditional JPY safe haven environment. Picking up cheap tactical longs on the day at 111.25 ideally with initial targets located at 111.8x and 112.2x before trailing for the breakup. Thanks as usual for keeping your support coming with likes, comments and etc!
Long
by ridethepig
1
USDJPY - Weekly chart Hello everyone Today I was asked by my subscriber to see the USD / JPY chart. I drew attention to the breaking of the resistance line on the weekly chart, which we tested afterwards (this is a break and a test). I also see an inverted head and shoulders pattern - this is a reversal pattern and does look very good. an interesting pattern now is forming in the right shoulder of this pattern - after a impulsed movement we are compressed in a triangle. Consider the formation of the impulse - correction-impulse. I like this weekly chart most of all and the whole picture has been drawn for 22 years, because technical analysis works better on large time frames. I will not analyze fundamental analysis, I will not analyze the Japanese economy and make predictions on it. But just such a picture as I showed, I expect the next few years Best regards EXCAVO
Long
by EXCAVO
8
Recession in Japan, China's stimulus and UK’s dataPerhaps the main event and surprise of yesterday were the devastating data on Japan's GDP for the fourth quarter. The country's GDP fell by 1.6% (the forecast was a decline of 0.9%) in terms of q/q and 6.3% in relation to the same quarter last year (the worst result since 2014). This is a very alarming signal for the global economy because Japan is the third-largest economy in the world. And although the reasons for such a failure are generally justified - a destructive typhoon and tax increases, the picture does not become less depressing. Given that China is Japan's largest trading partner, there is every reason to expect weak data in the first quarter of 2020 (consequences of the coronavirus epidemic). Do not forget about the loss of the tourism sector in Japan from China's ban on the travel of citizens. We are talking about hundreds of thousands of tourists from China who were supposed to visit Japan but did not visit with all the ensuing economic consequences. The second consecutive quarter of GDP decline is already officially a recession. That is, what we have been talking about for quite some time in our reviews is beginning to take on an increasingly clear line. What is characteristic, the Japanese yen against the background of such crushing statistics were not exposed to sales. Obviously, the demand for a safe haven asset in her person outweighs the desire to sell the yen to work out weak data. In this light, our desire to buy gold only intensified. Purchases of the Japanese yen, despite such weak data, also look good from current points. China, meanwhile, maybe trying to generate optimism after several weeks of continuous negativity. And this is not only about the statistics on the epidemic, which is beginning to decline but also about the position of the Chinese authorities, who yesterday promised to strengthen the stimulation of the economy in order to compensate for the negative consequences of the coronavirus. It is planned to reduce corporate taxes and increase government spending. Despite this positive, we believe that the damage has already been done and the world economy will still feel it in the first quarter. And the epidemic itself is still ongoing. According to experts, the Chinese economy will return to less or less normal functioning no earlier than in a month. In this regard, we recall our recommendation to sell oil. Demand for oil from China continues to fall, and refinery loading drops at a gigantic pace (at some plants, the decline was 10-20%). According to Citi analysts, the total volume of oil refining in China fell by 2 million barrels per day, while oil demand in China in February may show a decrease of 3.5 million BPD. These are very serious figures for the oil market. So we use any attempts to grow the asset as an occasion for its sales. For the British pound today is a pretty important day in terms of macroeconomic statistics - a block of data on the UK labor market will be published. In the past couple of days, the pound has somewhat lost its fuse, which was received in the form of promises to increase government spending. Today's data can either increase pressure on the pound, or give it the opportunity to return to growth. So we follow the numbers and adjust the positions depending on the nature of the data.
Short
by Trade24Fx