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Usd-jpy

USDJPY, D1 | Potential bounce off major supportPrice is approaching a major 23.6% Fibonacci retracement which also happens to line up with a pullback support. There is a fair bit of bullish momentum with an ascending support line and a bullish ichimoku cloud. A bounce from here could see prices rise to retest the recent swing high at 144.73. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Long
by FXCM
Usdjpy 2nd july Pretty easy markup here on usdjpy we have seen a bearish setup last week which missed by a small amount and now we have a new POI to enter in on and head down lower with the order flow we saw at the end of last week. 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
✨ NEW: USDJPY ✨ DT (3M/1D) ✨SLO2 @ 154.90 ⏳ -SL @ 149.00 🚫 SLO1 @ 146.50 TP1 @ 131.00 (shaving 25%) TP2 @ 117.75 (shaving 25%) TP3 @ 108.15 (shaving 25%) TP4 @ 108.15 (shaving 25%) BLO1 @ 80.60 ⏳ BLO2 @ 77.85 ⏳ TIMELINE 00:00 SHOUT OUT TO BRAD MCAFEE 00:40 FXCM Historical Data 02:05 Institutional Buying Range 02:54 Price Action 03:35 Supply Zone 04:47 Shaving at each TP 05:15 Institutional Ranges / Movement 06:38 Secondary Supply and Stop Loss 08:15 Going LONG now is an Aggressive Entry 08:50 Boost, Follow, Comment, Join WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat: receive free analyses on any instrument
Short
by ProfessorCEWard
USDJPY continues to rise.USDJPY - 24h expiry Broken out of the channel formation to the upside. Reverse trend line support comes in at 142.05. Bespoke support is located at 141.42. A Fibonacci confluence area is located at 142.93. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look to Buy at 142.93 (stop at 142.58) Our profit targets will be 143.75 and 144.00 Resistance: 143.75 / 143.87 / 146.65 Support: 142.93 / 142.65 / 141.42 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
USD JPY - FUNDAMENTAL ANALYSISThe Japanese Yen (JPY) recently bounced back from its lowest point in seven months against the US Dollar (USD), following a statement from Japan's leading currency official that they are open to considering all possibilities regarding the currency. The recent depreciation of the Yen has been attributed to a policy gap between the accommodative Bank of Japan (BoJ) and foreign central banks, which are following a more aggressive monetary policy approach. Despite the potential for the US Dollar to Yen (USD/JPY) exchange rate to climb higher, the recent intervention by Japanese authorities at the 145 mark indicates that short-selling the Yen may pose significant risks. Chris Turner, ING Bank: USD/JPY's Volatile Dance Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE at ING Bank offers a perspective focused on the potential for a strong dollar to continue pushing the USD/JPY higher. "The strong dollar environment keeps USD/JPY grinding higher and approaching the 145 area, where Japanese authorities sold FX last September," says Turner. This suggests an anticipation of Japanese intervention should the USD to JPY exchange rate continue its upward trend. However, Turner also predicts potential volatility. "Over the coming month, we can see USD/JPY sharply bouncing around in a 140-145 range – suggesting that short-dated USD/JPY option volatility is priced a little too low," he adds. This indicates that while the dollar's strength could push the pair higher, market participants should also brace for possible fluctuations within a defined range. Yoshio Takahashi, Natwest: BoJ's Cautious Stance Yoshio Takahashi, Chief Japan Economist at Natwest, highlights the role of the Bank of Japan's (BoJ) policy decisions in shaping the Yen's trajectory. According to Takahashi, the board continues to voice caution about adjusting policy settings too hastily, implying a lack of confidence in the sustainability of stronger wage growth. "Multiple mentions of the possibility of 2H FY2023 inflation exceeding current expectations suggest to us that the BoJ is quite likely to upwardly revise its official projections at the July meeting," says Takahashi. This hints at the BoJ's dovish stance and the potential impact it could have on the yen. The strategist also highlights the impact of politics on the currency. "BOJ watchers will also need to be keeping at least one eye on exchange rate movements and domestic politics. Vice Minister of Finance for International Affairs Masato Kanda ramped up his yen-supportive jawboning on June 26," Takahashi adds, signalling that political interventions and verbal tactics could significantly influence the yen's position. Roberto Mialich, UniCredit: Monetary Policy Uncertainty UniCredit's FX Strategist, Roberto Mialich, underscores the influence of monetary policy uncertainty on the yen's weakness. According to Mialich, doubts about the BoJ's policy normalization this year are contributing to the yen's broad weakness. "The JPY fall is mostly due to doubts about the BoJ’s policy normalization this year. The Japanese forward curve has already moved to reflect this uncertainty," says Mialich. Looking ahead, Mialich forecasts potential for change. "We see the 19 December BoJ meeting as the one in which a first step in normalization might be announced. This might drag USD-JPY to 135," he adds. Despite the yen's current softness, Mialich sees potential for its recovery should the BoJ take steps towards policy normalization. Paul Mackel, HSBC: The Weight of Intervention and Yield Caps Turning our lens to the analysis from Paul Mackel, Global Head of FX Research at HSBC, there's an assertion of a cap on USD/JPY's growth, primarily influenced by the threat of foreign exchange intervention and the upper limit of US Treasury yields. "USD-JPY is likely to be capped by the threat of FX intervention and US Treasury yields already towards the top end of the recent trading range," says Mackel. This denotes an environment where growth in the pair could be restrained by multiple macroeconomic factors. In light of a potential policy change by the BoJ in September, Mackel maintains a cautious stance. "It is too early to play that in the JPY but the worst-performing currency in G10 FX so far this year may at least enjoy some stability in the coming weeks," he adds. His comments suggest a degree of near-term stability in the yen despite it being the underperformer among G10 currencies this year. Barclays Analysts: Rising Intervention Risks Analysts at Barclays share similar concerns regarding intervention by Japanese authorities. Their analysis also touches on the recent depreciation of the yen due to diverging monetary policy between a dovish BoJ and hawkish central banks overseas. "Recent JPY depreciation has been driven by policy divergence between a dovish BoJ and hawkish central banks overseas," Barclays analysts suggest. This perspective underscores the global forces at play influencing the yen's standing in the foreign exchange market. The forecasted rise in Tokyo's Consumer Price Index (CPI) and the recent verbal intervention also feature prominently in Barclays' outlook. "Although USDJPY could head higher still, recent intervention by the Japanese authorities around 145 makes yen shorts an increasingly dangerous proposition here," they add. This implies the possibility of a continued rise in USD/JPY, though not without associated risks owing to likely intervention. Valentin Marinov, Credit Agricole: Gauging the Intervention Risk Valentin Marinov, Head of G10 FX Strategy at Credit Agricole, presents an intriguing perspective on the interplay between the yen's value and the possibility of intervention. "Japan’s FX Tsar, Masato Kanda, has ramped up his verbal intervention in USD/JPY following the exchange rate’s move to nearly 144 late on Friday," says Marinov. His comment highlights the growing concern within Japan about the pace and magnitude of the yen's depreciation against the dollar. Marinov's forecast hinges on the valuation of USD/JPY exchange rate and the potential verbal and actual intervention by Japanese authorities. "A move towards 146 would see USD/JPY become significantly overvalued, however. USD/JPY traders should next watch for Kanda using the phrases that FX is 'clearly not reflecting fundamentals' or that movements in FX are 'clearly being excessive' or 'one side'," he adds. This insight reflects the delicate balance in the FX market and the potential triggers that might spur a more forceful response from Japanese authorities.
by thunderpips
USDJPY: Double Channel Up pattern. Keep buying until it breaks.USDJPY is trading on a Channel Up inside a long term Channel Up pattern. The 1D time frame is overbought (RSI = 71.702, MACD = 1.430, ADX = 43.738) and as the RSI entered the Resistance Zone of March 1st, we expect a short term pull back inside the first Channel Up to 141.300. If the bottom (dotted lines) holds, we will buy and target towards the R3 (TP = 146.000). If however the price crosses under the Channel and as such the 1D MA50 too, we will sell and target the S2 (TP = 133.515). The HL trend line can offer an early sell warning if it breaks. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
10
USDJPY Mid-Term Bearish Expectation/Analysis The explanation for this analysis is in the text on the chart This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels. I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy, which includes the: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF - ETC PD: excuse my poor english
CME:6J1!Short
by SmartMoneySource
USD JPY - FUNDAMENTAL ANALYSISBNP Paribas 2023-2024 Exchange Rate Forecasts Capital Outflows will Undermine the Dollar A starting point for the BNP market analysis is that it considers the dollar is notably overvalued in global markets, especially against the yen. It adds; “The USD on a G10 trade-weighted index is trading almost 2 standard deviations (about 25%) rich relative to our estimates of its long-term fair value, as captured by the BNP Paribas FEER.” The debate surrounds whether there will be a trigger for the overvaluation to be reversed. BNP expects a significant shift in capital flows over the next few months which will have an important impact on currency rates. According to the bank; “The normalization of global yields should continue to encourage repatriation by Eurozone and Japanese investors, who are overweight US assets.” BNP also considers that unease over US equity valuations will encourage a flow of funds out of the US into the rest of the world It adds; “Coupled with FX-hedge ratios at low levels, we see space for significant USD selling. Overall, BNP places less emphasis on Federal Reserve rate cuts in forecasting that the dollar will lose ground. Yen Can Secure Capital Inflows BNP continues to expect a strong recovery for the yen. Firstly, it expects that the Bank of Japan will tighten policy in July which will tend to strengthen the currency, especially given scope for a repatriation of funds by domestic institutions. It also expects lower US yields will support the yen while the threat of intervention will tend to curb potential selling pressure on the currency. The dollar to yen (USD/JPY) exchange rate is not forecast to hold above the 140.00 level.
Short
by thunderpips
6
USD JPY - FUNDAMENTAL ANALYSISBNP Paribas 2023-2024 Exchange Rate Forecasts Capital Outflows will Undermine the Dollar A starting point for the BNP market analysis is that it considers the dollar is notably overvalued in global markets, especially against the yen. It adds; “The USD on a G10 trade-weighted index is trading almost 2 standard deviations (about 25%) rich relative to our estimates of its long-term fair value, as captured by the BNP Paribas FEER.” The debate surrounds whether there will be a trigger for the overvaluation to be reversed. BNP expects a significant shift in capital flows over the next few months which will have an important impact on currency rates. According to the bank; “The normalization of global yields should continue to encourage repatriation by Eurozone and Japanese investors, who are overweight US assets.” BNP also considers that unease over US equity valuations will encourage a flow of funds out of the US into the rest of the world It adds; “Coupled with FX-hedge ratios at low levels, we see space for significant USD selling. Overall, BNP places less emphasis on Federal Reserve rate cuts in forecasting that the dollar will lose ground. Yen Can Secure Capital Inflows BNP continues to expect a strong recovery for the yen. Firstly, it expects that the Bank of Japan will tighten policy in July which will tend to strengthen the currency, especially given scope for a repatriation of funds by domestic institutions. It also expects lower US yields will support the yen while the threat of intervention will tend to curb potential selling pressure on the currency. The dollar to yen (USD/JPY) exchange rate is not forecast to hold above the 140.00 level.
Short
by thunderpips
3
USDJPY to 142.200 this month is very likely... Do you think so?Hey Traders! 👋 For Day 31/100 of our challenge, we will look at USDJPY for upside potential this week/month Technicals: - Created a new high at 141.400 on break of 140.800 - Price retraced back to 140.200 to form support - Also a pivot area and 62% fib retracement - Looking to target 142.200 Fundamentals: 🇺🇸 Hawkish pause from Fed and a higher than expected forecast on peak rate causing investors to reassess their rate cut bets 🇯🇵 No changes in dovish policy stance today. Expect JPY to remain weak in the coming month unless any new catalysts says otherwise.
Long
by rob_WRLD_
USD/JPY long ideaHello Traders We have detected a triangle correction for USD/JPY. so we stay bullish on this pair and expect some upward moves in the next few days. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by FortunaInvestments