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Usd-jpy-long

USDJPY possible expansionAfter consolidating for some time, price eventually broke structure to the upside where it preceded to retrace halfway in(forming the second point of our much needed liquidity) before breaking structure again with momentum. With this price has established the necessary requirements for us to consider a buying opportunity to catch the expansion upwards since the pair has been moving in a bullish orderflow for some time now. An established demand zone below liquidity could be price's most discounted point, so an expansion off it is possibly probable.
Long
by BlackTygaTrades
USDJPY 24th july US dollar to the Japanese yen gave us a pretty similar scenario to the British pounds of the Japanese yen we broke bullish providing a huge range powered by news and fundamentals we now have located the lowest half of the range with our unmitigated order block we are looking for price to run back to this order block and continue pushing higher. Based off of the price action we have seen in Monday's session I am not expecting this to pull back to our poi I am expecting this to run the high though and continue moving higher. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Long
by rosshayes
USD/JPY sticks to BoJ-inspired strong gainsSTRATEGY LONG The Japanese yen depreciated past 134.5 per dollar, sliding back toward its weakest levels in seven weeks as the Bank of Japan maintained its ultra-easy monetary policy and made no adjustments to its yield curve control. However, the BOJ said it will remove forward guidance that pledges to keep interest rates at current or low levels. Latest data showed that core consumer prices in Japan’s capital, Tokyo, accelerated and exceeded forecasts in April, keeping the pressure on the central bank to adjust its current monetary settings. Externally, firm expectations that the US Federal Reserve will raise interest rates again in May continued to weigh on the yen, though recession fears and renewed concerns about the banking sector in the US limited the currency’s decline. The USD/JPY pair builds on its strong intraday rally and climbs to its highest level since March 10, around the 136.40 region during the early North American session. Spot prices, however, retreat a few pips following the release of the US macro data and trade around the 136.00 mark, still up over 1.5% for the day. This, along with a sharp intraday decline in the US Treasury bond yields, keeps a lid on any further gains for the Greenback. Apart from this, the risk-off impulse - as depicted by a generally weaker tone around the equity markets - lends some support to the safe-haven JPY and acts as a headwind for the USD/JPY pair amid slightly overbought oscillators on hourly charts. Nevertheless, spot prices remain on track to register strong gains for the third successive week, also marking the fifth week of a positive move in the previous six. BULLISH FACTS When the dust settles, the Fed is set to continue raising rates US to have permanently higher rates than elsewhere Re-acceleration of inflation and its win over the Fed will continue to catch the market by surprise The Dollar is higher for longer, alongside the Fed’s narrative Stagflation to take USD even higher Hot CPI means the Fed pivot is well beyond the horizon Ugly inflation promises further flight to safety US at war means a stronger dollar Outlook for Fed monetary policy now more hawkish Powell projects pain, higher rates for longer set to keep the dollar bid There is no alternative to the US dollar No recession for America's labor market, more dollar gains eyed Fed Chair Powell prioritizes fighting inflation, and ready to see negative growth BEARISH FACTS US Dollar's position as the primary global reserve currency is being challenged America on verge of losing petrodollar privilege Other regions may need to continue their crusade for inflation, reducing spreads of debt securities yields Combination of lower Fed rate expectations and improved risk sentiment is quintessentially negative No more Fed hikes, potentially lethal to the US Dollar US economy to slip into recession, Fed eventually cut rates quicker than peer institutions Sticky inflation? What is sticky is the downtrend Fed will start cutting interest rates quicker than foreign central banks Backing the US disinflation process and lower US rates Shock growth shows worker supply is rising, inflation to fall, USD to retreat End to monetary tightening should bring the USD's gains to an end Incremental news outside of the US growing more positive Fed to end its tightening cycle and US economic trend to worsen
Long
by DaveBrascoFX
A potential bullish uptrend for USD/JPY Currently, I am observing a potential bullish uptrend in the USD/JPY market, indicating that the price of the pair is likely to continue to rise under 61% my Fib level or to breakout for continuous short breakdown to 39mins chart during opening of London session. NOTE : It's important to keep in mind that relying on a single indicator cannot guarantee profitable trades as the market is constantly changing and unpredictable and consider other important factors such as fundamental analysis, market sentiment, and risk management when making trading decisions. Keep safe and Happy Trading 🙏
Long
by HeikenXin
weak JPY is easier to bear than a too-muscular currencyThe Fed’s monetary policy, along with persistent inflation expectations, has pushed the benchmark 10-year U.S. Treasury yield up to 4%. The Bank of Japan, meanwhile, is continuing to hold the 10-year Japanese government bond yield near zero. The Japanese central bank conducted a bond-buying operation for the second straight day to keep the yield within its implicit range of -0.25% to 0.25%. The yield gap is prompting investors to invest in dollars rather than yen, exerting strong downward pressure on the Japanese currency.” In response to this the Bank of Japan (BOJ) decided to maintain its “ultraloose monetary policy” as BOJ Governor Haruhiko Kuroda “highlighted downside risks to the economy and indicated his willingness to accept a weaker yen.”
Long
by NidalDarawsheh
USD/JPY:Price ready for a new Long Impulse ! LONG The USD/JPY after an important retracement has pullback in confluences of the 131.000 support level, 61.8% Fibo and the 200 Moving average where the price reacts with a strong Bullish impulse. Now the price is around the value of 135.000, the stochastic it's over the oversold area and the RSI turned bullish. The Forecast of Ichimoku è Bullish and all these clues give us a sign for a new Long setup for this strong currency pair.
Long
by FOREXN1
18
USD/JPY:UPTREND | TECHNICAL ANALYSIS | PRICE IS GROWING 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis ! Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools. Please support our page by hitting the LIKE 👍 button to this Idea and Follow us to get NEW ONE! Feel free to request any pair/instrument analysis or ask any questions in the comment section below. If you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Have a Good Take Day_Profits !
Long
by DAY_PROFITS
USD JPY Long entry USDJPY has been in a consistent uptrend since forming support at around the 112.760 level. The price has tested the 113.463 confluence area multiple times, usually rising from this point. The price has now formed support above this zone and is looking to retest the 114 area and beyond. The RSI levels on the 1hr chart are oversold at 8.32, on the daily time frame the RSI levels are rising from oversold territories which gives an indication that price will rise from here. The 4hr candle that has just emerged is showing a lot of buying pressure which adds validity to this long idea.
Long
by Orion-Markets
USD JPY Long entry USD JPY has just had a 0.98% correction since yesterday, with the price now trading under the 113 levels. It appears that the price has found some stability at the 112.8 area, the last time the price fell to this zone there was a decent reversal in price. The 1hr RSI levels are currently in oversold regions which indicates that a move to the upside could be imminent. The target for this trade is at the previous resistance level of 113.5. The stop loss area is just below the support zone of 112.475. At 3 pm today Fed's chair Powell will have a speech after being renominated last week.
Long
by Orion-Markets
USDJPY Long entry Last week USD/JPY fell by 1.98% towards the 113.1 area. This occurred after USD/JPY made new yearly highs of 115.221. The price has stabilized at the support zone off 113.420 which, if holds could mean an increase of price from this point. The 4hr RSI levels are also oversold (22) which complies with this analysis. The target of this trade is at the resistance zone of 114.1, following this the next target is at 114.70. The stop loss area for this trade is just below the support level at 112.934.
Long
by Orion-Markets