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Usd-jpy

USDJPY NEUTRAL TO BEARISH SCENARIOThe recent market dynamics have showcased a resurgence in the USD following signals from the Federal Reserve indicating a prolonged period of stringent interest rates despite the apparent conclusion of the rate-hike cycle. Conversely, the JPY has encountered a mixed landscape amid speculations surrounding the Bank of Japan's potential departure from negative interest rates. Notably, technical indicators are shaping the narrative for the USD/JPY pair. The MACD signaling sell positions and the RSI maintaining a neutral stance reflect a complex outlook. Analysts are eyeing support levels at 146.04, with the pivot point positioned at 148.19. These technical markers suggest the potential for the price to encounter resistance levels at 150.41. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
USDJPY: Trendline breakout, wait for retestLooks like USDJPY has broken down through the rising trendline, there was a slight recovery at the backend of Friday, this indicates we could see a short retracement from here to test the trendline break, and then down. The Yen performed well at the start of Friday, I don't believe this was BoJ intervention, as they have said that they expect the fundamentals to play out - we'll see, bad data from JPY this week may necessitate intervention, however good data on Friday (PMI) will I think be enough to start the recovery process for the Yen. If Japan looks like it's going to have a soft landing then I think markets will reward the Yen with a more positive sentiment and this could mean we get a lot of good action for these crosses. I think the USD is done being bullish for now (even the hawkish speakers cannot convince the markets), so either way I think we'll see this pair fall, so monitoring LTF's for a suitable entry / rejection from the retest point. A break below 148.5 will see a more sustained move to the downside, imho.
Short
by Finchcliffe
USDJPY 19/11/23USD JPY in a bearish range as it was from Thursday we created our swing low and confirmed our swim pines we're now waiting for every sweep of the swing high for continuations down or a break out of this range lower which we can then continue to follow into this new bearish range. 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!
by PipSurfingSociety
USDJPY Analysis 10-11-23Yesterday, we were anticipating that the USDJPY could trade lower on further weakness of the DXY. However, as the DXY strengthened, we see the USDJPY trade higher to approach the key resistance level of 151.70. Expect to see choppy price action at this level, but the overall directional bias should see the USDJPY retest the resistance level and possibly even 152 before a possible reversal (either due to an intervention from the BoJ or just due to an accumulation of sell orders at the resistance level)
Short
by JinDao_Tai
1
USDJPY: Start selling, Channel Up about to form its High.USDJPY is approaching the R1 level (152.000), which is the October 21 2022 High that caused an immediate bearish reversal. The 1D MA50 is supporting a steady technical uptrend on the 1D timeframe (RSI = 60.333, MACD = 0.530, ADX = 16.176) but the RSI is descending, showing a potential bearish divergence. We consider the current level good enough to start shorting for a correction to the Channel Up bottom (TP = 145.500). See how well our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
2
USDJPY: Still waiting for BoJ InterventionI don't believe the BoJ have gotten involved yet, or if they have it's going under the radar. I believe this pair has only slipped due to USD retracement following the NFP and softer labour market data last week. With retailers now net short I think that we'll see another push back up. We have broken my rising wedge line related idea, however unless we break below 1.487 then we're still in the uptrend. I now see it as unlikely we'll get to 154 and the BoJ intervention will surely come if necessary (it may not need to if USD keeps falling). Overall no confirmation of reversal so I'm long again when I et the LTF signal, but setting 151.65 as the target with tight SL (and will keep moving it up) as I don't want to get caught in a buy up here. Let's see what this week brings.
Long
by Finchcliffe
USDJPY - Potential Bearish move comingOn Monday, the exchange rate of the Japanese Yen against the US Dollar showed a positive trend, reflecting a more optimistic market sentiment. Looking at the short-term picture, it's important to note that the current uptrend is getting close to a potential reversal point. If we see a break below the key level of 148.80, which was the low on October 30, it could indicate a shift in momentum toward the bearish side. This level represents the last major lower high in the short-term uptrend. When we examine the 4-hour chart from Monday, it appears to resemble a bear flag pattern, suggesting the possibility of a downward breakout and a challenge to those recent lows. On the daily chart, which provides a view of the medium-term trend, the pair is still in an uptrend, and we should continue to monitor the 148.80 level closely. If it holds, a recovery remains a plausible scenario. In the grand scheme of things, it's important to remember the saying, "the trend is your friend." For USD/JPY, the short, medium, and long-term trends are all still bullish, indicating that the odds favour further upside in the future. If the pair manages to break above the 151.93 level from October 2022, which marked a 32-year high, it would provide confirmation of the uptrend, and our next targets could be at round numbers like 153.00, 154.00, and 155.00, among others. However, at this moment, we believe this is unlikely to happen until we witness a significant drop or pullback, which could potentially begin this week. The Japanese Yen (JPY) experienced a decline against most other currencies on Monday, in line with the overall positive market sentiment that favours riskier currencies over safe havens like the Yen. This short-term weakness aligns with the broader trend. Since 2021, the Japanese Yen, as measured by the FXCM Index against a basket of peer currencies, has depreciated by more than 33%. The primary reason for this weakness was the Bank of Japan's policy of maintaining sub-zero interest rates, while many other central banks were raising rates to combat inflation. Global investors typically prefer to invest where they can get the highest risk-free returns, leading to a preference for other currencies at the expense of the Yen. More recently, with signs that many central banks have reached or are approaching peak interest rates, the interest rate differentials that worked against the Yen may be narrowing. If the Bank of Japan continues to normalise its policy and other central banks stop raising rates or even begin to reduce them, we could see a potential recovery in the Yen. We'll keep an eye on how this develops!
by financialflagship
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
A LONG Spike AGAIN. Quo Vadis?This pair has again witnessed another long spike. A second spike in about 3 weeks. With this spike, a lot of traders are likely to get confused about the next direction in which the market is expected to go. So let's give it a try. Before the spike, we witnessed how prices rallied in a systematic manner. This rally was strong enough to turn the 4 hour the 1 hour and even the daily charts from their hitherto bearish trends and set them all on bullish swings. With the bulls taking the day on these 3 timeframes, we can say with a certain amount of certainty that the market is bullish and we will be expecting to see higher prices. The market is currently dipping. We will consider that dip a retracement, which is helping move prices into our PB. Price is already in our PB, and now we are waiting for price to come into our zone, from where we will be looking to trade. Our target will be the 1 hour and 4 hour liquidity target, which is actually a confluence.
Long
by PanzyPips
USDJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
6
Bearish Way to GO...From our yesterday's analysis, we saw a possiblity of this pair going Bearish on the 1 hour chart, while still looking overwhelmingly Bullish on the 4 hour. Today, looking at the 4 hour chart, we can see that there is a change in direction. The pair now has a Bearish perspective on the 4 hour chart. Price has retraced bullish into our Panzy Pips Block (PB), from where we expect Bearish reversal. We are open to the possibility of price reaching further up for our zone as marked out on the chart. With price expected to dip lower, we have our eyes and early trade setup focused at the 4 hour
Short
by PanzyPips
USDJPY Short-term buy signalThe USDJPY pair hit our early September target (see chart below) of 150.00, extending the bullish trend within the long-term Channel Up: The price remains above the 1D MA50 (blue trend-line) since July 31 and the bullish flag formed on the 1D RSI indicates that we will have another short-term bullish leg towards the top (Higher Highs trend-line) of the Channel Up. We targeting 153.000 (+3.95% rise from the recent Low, similar to the previous leg). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDJPY: The Short - when??I think that retail traders in the main are expecting this pair to crash from 150, I have been, and it may well do (as per my related idea below)... Commentators and past experience suggests that the BoJ will intervene around 150 to 151.5 because they have to, due to the debt relationship with the USA, they're stuck between a rock and a hard place. We all know what happens when retailers think they know best...I'm starting to think that we'll push higher to 154 before the dump. I think the current global conflict will help the USD get there, but that level will be unsustainable for Japan so will come back down with a bang. In the meantime I'm still day trading up and down and catching some moves on this pair, but I'm starting to think the big one is a little way off yet, let's see...
Short
by Finchcliffe
Bank of Japan's Dovish Line Pushes Yen DownSTRATEGY LONG TARGET 175USD YEN The market thinks the Bank of Japan’s new governor is negative for the yen and a plus for stocks, at least based on his first policy board meeting. In fact, the headline NFP print showed that the US economy added 253K new jobs in April against 179K anticipated, offsetting the downwardly revised reading of 165K. Adding to this, the unemployment rate unexpectedly fell to 3.4% during the reported month from 3.5% in March, which assists the US Dollar (USD) to regain strong positive traction and provides a goodish lift to the USD/JPY pair. Apart from this, a positive turnaround in the global risk sentiment - as depicted by a goodish recovery in the equity markets - undermines the safe-haven Japanese Yen (JPY) and further contributes to the bid tone surrounding the USD/JPY pair. That said, the Federal Reserve's (Fed) less hawkish stance holds back the USD bulls from placing aggressive bets and keeps a lid on any further gains, at least for now. Nevertheless, the USD/JPY pair, for now, seems to have snapped a three-day losing streak and stalled this week's sharp retracement slide from the 137.75-137.80 region, or a two-month high. Spot prices, however, remain on track to register losses for the first time in the previous four weeks. This makes it prudent to wait for strong follow-through buying before placing fresh bullish bets around the major. After Gov. Kazuo Ueda presided over his first meeting, the bank emphasized that it would continue monetary easing to support growth in wages and prices. That was enough to persuade market players that an interest-rate increase isn’t in the cards soon. Late Friday in Tokyo, the yen was trading at around 136 to the dollar, compared with around 134 to the dollar before the central bank’s midday decision. The USD/JPY pair catches aggressive bids during the early North American session and jumps to the 135.00 psychological mark in reaction to the stellar US monthly employment details. USD BULLISH 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
Long
by DaveBrascoFX
59