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Usd-jpy

USD/JPY: Next level to watch is 135.00 – UOBThe continuation of the upside bias could propel USD/JPY to the 135.00 region ahead of 135.50, comment Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group Key Quotes 24-hour view: “We noted yesterday that ‘upward has firmed slightly’ and we expected USD to edge higher. However, we were of the view that ‘the major resistance at 134.00 is unlikely to come into view’. The anticipated USD strength exceeded our expectations as USD soared above 134.00 (high of 134.35) before pulling back. Despite the pullback, upward momentum is still strong and there is room for USD to rise above 134.35. However, the major resistance at 135.00 is likely out of reach today. Support is at 133.55, followed by 133.20.” Next 1-3 weeks: “Yesterday (14 Feb, spot at 132.90), we highlighted that ‘upward momentum appears to be building and there is room for USD to edge higher’. We added, ‘the major resistance at 134.00 might not come into view so soon’. While our view for USD to strengthen was correct, we did anticipate the rapid acceleration in pace as USD surged to a high of 134.35. Not surprisingly, upward momentum has improved further and USD is likely to continue to advance. The next level to watch is at 135.00, followed by 135.50. On the downside, a break of 132.40 (‘strong support’ level was at 131.40 yesterday) would indicate that the current upward pressure has eased.”
Long
by FOREXN1
4
USDJPY H4: Bullish outlook seen, further upside above 132.80On the H4 time frame, prices are showing bullish order flow with higher lows and higher highs formed and a throwback to the support zone at 132.80, in line with the 23.6% Fibonacci retracement and 61.8% Fibonacci extension levels could present an opportunity to play the bounce, with 137.80 as the resistance target. Failure to hold above the support zone at 132.80 could see prices push lower to the next support area at 130.50. Prices are also holding above the 20 MA supporting the bullish bias.
Long
by T3-Consultancy
1
USDJPY Potential for Bullish Rise towards previous swing highLooking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 132.770, where the overlap support and 38.2% Fibonacci line is. Take profit will be at 134.772, where the previous swing high is. Stop loss will be at 131.525, where the previous overlap support is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
1
USDJPY Potential for Bullish Rise | 16th February 2023Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 132.770, where the overlap support and 38.2% Fibonacci line is. Take profit will be at 134.772, where the previous swing high is. Stop loss will be at 131.525, where the previous overlap support is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
USD/JPY: 120 looks like the target this year – INGIn the view of economists at ING, USD/JPY should continue to fall throughout the year. They target 120. The BoJ is back on the map “The Bank of Japan is now garnering much more focus than it has in years. Most pressing is the replacement of Governor Haruhiko Kuroda, who leaves in April. A successor will be presented to parliament on 10 February. The favourite, Deputy Governor Masayoshi Amamiya, is seen as the dovish continuity candidate.” “Any surprise choice of the more hawkish Hiroshi Nakaso could probably send the Yen a lot stronger, with pressure building for 10-year JGB yields to burst above their current 0.50% ceiling.” “USD/JPY has mainly been driven by the weaker Dollar story, but 120 looks like the target this year, helped by the BoJ and lower energy prices.”
by FOREXN1
5
USDJPY potential for bullish rise to previous swing highLooking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 130.602, where the overlap support and 23.6% Fibonacci line is. Stop loss will be at 128.082, where the recent swing low is. Take profit will be at 134.772, where the previous swing high is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
USDJPY Potential for Bullish Continuation | 6th February 2023Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 130.602, where the overlap support and 23.6% Fibonacci line is. Stop loss will be at 128.082, where the recent swing low is. Take profit will be at 134.772, where the previous swing high is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
6
💱 USD/JPY Chance For Slow Increases 💱💱 USD/JPY Chance For Slow Increases 💱 Nearest strong support zone: around the 0.236 fibo level of the upward wave. 💱 Nearest strong resistance zone: around recent local lows. 💱 Technical environment: - Moving averages: Downtrend - MACD: 50/50 - RSI: Downtrend 💱 Price Action: USD/JPY after Wednesday's upward attack following the BOJ's monetary policy statement, the price very quickly returned to the vicinity of 128 where it stopped in recent days. The stopping of the price at this point is no coincidence and may indicate the possibility of executing an upward correction from current levels. The nearest strong support zone is around 133 where we may find ourselves after a longer accumulation. 💱 The scenario I play is to wait for a formation that confirms the execution of an upward correction. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💱 Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀 If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile. 🚀
Long
by InvestMate
1
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