Get started

Usd-jpy

UJ potential pullback upwards likely to bias short **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
USD/JPY: Fundamental Economic Analysis for Fri 8/4/23The recent decline in the value of the Japanese yen against the US dollar was halted at around 142.5 to the dollar as investors continued to assess the impact of the Bank of Japan's policy adjustment after it loosened its grip on interest rates and allowed the yield on 10-year Japanese government bonds to climb above the upper limit of 0.5%. Recently, the Bank of Japan allowed the yield on 10-year Japanese government bonds to go over the previous maximum of 0.5%. The Bank of Japan (BOJ) did not change its policy interest rates at its July meeting but did take steps toward more adaptable yield curve management. This was seen as a warning that it would not rigidly uphold the 0.5% maximum limit on the 10-year yield. If the Bank of Japan (BOJ) were to take an unexpected step for the first time since Governor Kazuo Ueda assumed office, it would likely promote wagering on the continuation of policy normalization. For months, investors have speculated that Japan's central bank, the only major one to adopt a dovish stance, could cave in the face of mounting pressure on the country's bond yields and currency from persistent inflation and rising global interest rates. Rising global interest rates have put pressure on Japanese yen and bond yields, leading to this conjecture. Following a credit rating downgrade in the United States and a major run-up in rates on United States Treasury securities, a wave of risk-off emotion swept through the market, sending the Nikkei 225 Index and the wider Topix Index down by week's end. Both the Nikkei 225 and the Topix Index rose on Friday, with the former ending the day at 32,193.3 and the latter at 2,275. Investors kept an eye on the yen and JGB rates while the Bank of Japan convened the previous week and made adjustments to the policy that governs the yield curve. Major components of the Nikkei 225 index posted gains on Friday, including Nippon Yusen (3.1%), Toyota Motor (1.3%), Mitsubishi UFJ (1.8%), SoftBank Group (0.7%), and Nippon Steel (1%). Meanwhile, despite reporting higher sales and operating profit for the second quarter, Nintendo's stock fell 2.9%. Sales at Keyence were down 0.4%, at Renesas Electronics they were down 4%, and at Fast Retailing they were down 0.3%. Following a credit rating downgrade in the United States and a major run-up in rates on United States Treasury securities, a wave of risk-off emotion swept through the market, sending the Nikkei 225 Index and the wider Topix Index down by week's end. Both the Nikkei 225 and the Topix Index rose on Friday, with the former ending the day at 32,193.3 and the latter at 2,275. Investors kept an eye on the yen and JGB rates while the Bank of Japan convened the previous week and made adjustments to the policy that governs the yield curve. Major components of the Nikkei 225 index posted gains on Friday, including Nippon Yusen (3.1%), Toyota Motor (1.3%), Mitsubishi UFJ (1.8%), SoftBank Group (0.7%), and Nippon Steel (1%). Meanwhile, despite reporting higher sales and operating profit for the second quarter, Nintendo's stock fell 2.9%. Sales at Keyence were down 0.4%, at Renesas Electronics they were down 4%, and at Fast Retailing they were down 0.3%. The final June Au Jibun Bank Japan Services PMI reading was 54.0, up from the flash print of 53.9. The indicator stood at 53.8 in July of 2023. Despite the services sector expanding for 11 straight months, the most recent figure was the worst since January. This was because new orders grew at their slowest pace in six months, while employment fell after rising for five months straight. For the first time in a year, the total amount of outstanding business fell, with the rate of fall being modest but the fastest seen since April 2022. The quantity of unpaid invoices has dropped for the first time ever. Meanwhile, demand from outside rose at one of the fastest rates recorded during the period, reflecting sustained overseas demand for travel and tourism. For the first time in three months, inflation had a role in driving up operational costs. Energy, fuel, raw materials, and wages might all have played a role in this increase. In conclusion, confidence did not decrease; nevertheless, optimism did fall to its lowest position in five months. The article cites Markit Economics as its reference. Final June 2023 Au Jibun Bank Japan Manufacturing PMI reading of 49.8 was below July 2023's revised reading of 49.6. The initial July 2023 flash reading was 49.4, however this was amended up to 49.6. Even while output and new orders have both been falling by small amounts, the most recent report indicated that industrial activity has contracted for the sixth time this year. For the sixth time since the new year began, manufacturing output fell. This was the slowest monthly decline in international sales in the previous nine months, despite the fact that international sales had dropped for the seventeenth straight month. The labor force has increased for the 28th consecutive month, and although job queues have been shrinking for the last 10 months, the pace of decline has slowed to its lowest point since October 2022. The current contractionary cycle was also stretched by one year due to the volume of purchases. The cost side had some of the smaller rises in input prices since February 2021, and the overall increase was about in line with the long-term average for the series. While the overall inflation rate remained high, the charged-price inflation was constant after hitting a 21-month low in June. With higher hopes for further demand improvement and the launch of novel new items, confidence is at its best point in the previous year and a half. The reference is to markit economics. ( The Au Jibun Bank Japan Manufacturing PMI is compiled by S&P Global from monthly survey responses from purchasing managers at a panel of more than 400 companies. The Japanese location of these buying managers. The flagship statistic is the Purchasing Managers' Index (PMI), which is a weighted average of the following five indices. Here are the relevant measurements: Incoming Orders (30%), Production (25%), Staffing (20%), Vendor Turnaround (15%), and Inventory (10%). The Suppliers' Delivery Times Index is inverted to make the PMI calculation easier. Because of this, its movements will be in sync with the other indexes. (The index may take on values between 0 and 100; any value over 50 implies expansion over the prior month, while any value below 50 suggests contraction.) In June 2023, Japan's unemployment rate declined to 2.5% from 2.6% in the previous month, which was in accordance with predictions made by market experts. The unemployment rate fell to its lowest level since January, with the number of unemployed falling to 1.73 million and the number of employed rising by 191,000 to 67.55 million. A total of 69.27 million Americans are now actively engaged in the labor force, up by 144,000 from a year ago, while the number of individuals not working fell by 60,000 to 40.98 million. The percentage of the population actively looking for work rose to 63.1% in June from 63.0% in the same month a year ago. The impact of seasons on this growth is unknown. The unemployment rate was 2.6% a year ago when we last checked. Meanwhile, in June, there were 1.30 job openings for every 1.31 job seekers, a decrease from May's 1.31 to 1.30. Since July of 2022, this is the lowest it has been. Initially, this information came from the Ministry of Internal Affairs and Communications. ( The spot exchange rate indicates the current value of one currency, in this case the US Dollar (USD), in reference to another, in this case the Japanese Yen (JPY). As opposed to the USDJPY forward rate, which is quoted and exchanged on the same day but delivered and paid for at a later date, the USDJPY spot exchange rate is quoted and exchanged on the same day. ) Taylor Norboge wrote and published this article on August 4, 2023 at 13:46 UTC.
Short
by TayFx
2
USDJPY 30/7/23US dollar to the Japanese yen gave us another bullish range to the upside now with this range we have had a very weak break and we have not yet formed our swing high so we're waiting for the high to be formed before we confirm this range overall I believe we will see this push higher as our other pairs are looking as if they may want to push bearish through the week so this will correlate directly with the DXY and what we expect for the US dollar as a whole as always follow price action until we proved wrong continue to follow your ranges.
by PipSurfingSociety
USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵 USDJPY is trading in a bullish trend. The price recently started a correctional movement and dropped to a major rising trend line. A big double bottom was formed on that. To buy the market with a confirmation, wait for a bullish breakout of its horizontal neckline. IF the market breaks and closes above 142.0 level, I will expect a bullish continuation at least to 144.7 level. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
6
USDJPY to turnaround at 50% retracement?USDJPY - 24h expiry Bespoke support is located at 139.60. A Fibonacci confluence area is located at 139.60. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. There is scope for mild selling at the open but losses should be limited. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected and we look to set longs in early trade. We look to Buy at 139.72 (stop at 138.98) Our profit targets will be 141.50 and 142.10 Resistance: 140.74 / 141.50 / 142.10 Support: 139.72 / 139.37 / 139.03 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
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 PipSurfingSociety
✨ MODIFICATION: USDJPY ✨ SWING TRADE (1D/3H) ✨00:00 Swing vs Position Trades 01:45 Supply / Resistance 02:36 Entries and Targets 04:16 Intermediate vs High Time Frame 05:43 Demand Zone (3H) 07:42 Day Trade Opportunities 10:37 Boost, Follow, Comment, Join MAJOR RESISTANCE @ 149.00 -SL @ 147.60 🚫 SLO2 @ 146.60 (conservative) ⏳ SLO1 @ 145.15 (aggressive) ⏳ SSO1 @ 143.10 (aggressive) ⏳*** SSO2 @ 142.95 (moderate) ⏳ SSO3 @ 142.70 (conservative) ⏳ TP1 @ 142.25 (2D) (shaving 25%) TP2 @ 139.00 (3H) (shaving 25%) TP3 @ 135.75 (2D) (shaving 25%) TP4 @ 131.50 (12M) (closing ALL Sell Orders) MAJOR SUPPORT @ 130.50 BLO1 @ 129.15 (1D) ⏳ BLO2 @ 128.15 (1D) ⏳ -SL @ 126.75 🚫 ***PLEASE NOTE: SSO2 and SSO3 are NOT annotated on the chart, but are listed here as alternative Sell Stop Orders 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 bullish week = more upsideDay 47/100 Contrary to popular forecasts, my current USDJPY outlook is leaning to the upside Fundamental Catalysts: - Fed rate hikes - BoJ policy updates Bullish base-case: - Fed remains hawkish using tight jobs markets as reason to continue on "hawkish" path - BoJ will remain dovish // not as hawkish as expected If base-case is wrong, only then I'll be considering further downside Technicals - This week rejecting 138 key pivot area - If it closes bullish this week, more upside is to come; a push back into 145 🥂
Long
by rob_WRLD_
2
USDJPY Low risk trades at the bottom of the Channel Up.The USDJPY pair is below the 1D MA50 (blue trend-line) and almost hit the 1D MA200 (orange trend-line) on Friday, nearly making a Higher Low at the bottom of the 4-month Channel Up. As long as the 1D MA200 holds, we will take a low risk/ high reward buy towards Resistance and target 144.500. If the price closes below the 1D MA200, it would be a Channel Down bottom breach, which would translate into a sell, targeting initially the 0.618 Fibonacci at 134.000 (also above Support 1) and the 0.786 Fibonacci at 131.500 in extension (also above Support 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USDJPY 16th JulyWith no true BOS up on this pair we are still looking to track this lower out of our sell range we have here on UJ, as always whatever price delivery is giving us we will follow... for now we are only within our sell range so we can expect this to stay in line with that narrative. 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, 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