Yen Futures Set to Soar: Are You In?Hey traders! 🌟
Have you been watching the yen futures on CME? There’s some serious action brewing, and it looks like we could see those quotes climbing to 0.73 and beyond in the next 60 days!
With new options portfolios aimed at boosting these futures, now's the time to get in on the action.
What Does This Mean for You?
If you're in the trading game, you know that such movements can create fresh opportunities.
Options strategies could be your secret weapon, so don’t miss out!
Why Should You Pay Attention?
Consider using options not only to hedge your risks buy set goals for future movements too/
Share your thoughts in the comments, and let’s discuss how we can capitalize on this situation! 💸📊
USDJPY
GOLD FURTHER SELL OFF?! (UPDATE)While everyone is getting very impatient with Gold's consolidation, I'm sitting here in peace. I told you all on the FIRST ANALYSIS that we have a 'Flat Correction' from the EW Theory strategy currently playing out. This means a 3 Sub-Wave (A,B,C) schematic playing out within a tight range.
Now waiting for a break below the current consolidation, so price can create Wave B around $2,580 & consolidate within a larger range.
Fundamental Market Analysis for December 05, 2024 USDJPYThe Japanese yen is attracting some buyers on Thursday, albeit without bullish conviction.
Rising US bond yields are supporting the US dollar and lending support to the USD/JPY pair.
Traders seem reluctant to make aggressive bets ahead of the release of the US NFP report on Friday.
The Japanese Yen (JPY) rises against its US counterpart during the Asian session on Thursday and moves away from the weekly low reached the previous day. Signs that Japan's core inflation is picking up continue to fuel expectations that the Bank of Japan (BoJ) will raise interest rates again in December. In addition, persistent geopolitical risks, trade war fears and an overnight decline in US Treasury yields are contributing to the yen's gains.
Meanwhile, Wednesday's remarks from a number of influential FOMC members, including Federal Reserve (Fed) Chairman Jerome Powell, served as a tailwind for US bond yields and the US dollar (USD). This, along with the prevalence of risk sentiment, may curb significant strength in the safe-haven Yen and provide some support to the USD/JPY pair. Traders may also refrain from aggressive directional bets ahead of the release of the US Non-Farm Payrolls (NFP) report on Friday.
Trade recommendation: Watch the level of 150.00, when fixing above consider Buy positions, when rebounding consider Sell positions.
Bullish bounce?USD/JPY is falling towards the pivot which is an overlap support and could bounce to the 1st resistance which has been identified as an overlap resistance.
Pivot: 148.92
1st Support: 147.24
1st Resistance: 151.57
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USDJPY M15 I Bullish Continuation?Based on the M1 chart analysis, we can see that the price is falling to our buy entry at 149.51, which is a pullback support close to 61.8% Fibo retracement.
Our take profit will be at 150.88, a pullback resistance.
The stop loss will be placed at 148.66, which is a swig low support level.
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Bearish drop?USD/JPY is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 150.73
Why we like it:
There is an overlap resistance level.
Stop loss: 152.20
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 148.90
Why we like it:
There is an overlap support level.
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USDJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.300 zone, USDJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 149.300 support.
Trade safe, Joe.
Analysis of the USD/JPY currency pair on the 4-hour time frameAnalysis of the USD/JPY currency pair on the 4-hour time frame
- We have price divergence and RSI indicator
- We have two FVG in the middle, which the price tends to fill
- We also have a PVOTE on the way
- We have a good distance from the 99-day EMA
- From a macroeconomic perspective, we also have extremely important news for the US dollar today
- We also have the speech of the Federal Reserve Chairman, Mr. Powell
My analysis is the growth of the dollar, especially in the news and speech period
Don't forget capital management
It is necessary to respect risk to reward
Good luck and be profitable
What’s Flowing: USD/JPY AnalysisKey Observations:
1. Price Action:
• USD/JPY has bounced from 148.65, showing signs of short-term recovery. However, the overall structure remains bearish with descending resistance levels near 150.30-150.50.
2. Technical Indicators:
• Moving averages suggest further downside pressure.
• Ichimoku cloud analysis highlights resistance in the 149.50-150.30 zone, making it a critical area for sellers.
3. Market Sentiment:
• Seasonal trends show a weakening dollar towards year-end, aligning with current selling pressure.
• Reuters and Dow Jones reports emphasize geopolitical influences and Japan’s policy stability driving yen strength.
4. News Highlights:
• Massive $1.4 billion option expiry today, with strikes at 147, 148, and 150, could add volatility.
• Recent headlines note importer buying interest near 146.50, setting up potential support levels.
5. Support and Resistance:
• Immediate support: 146.28 and 145.00.
• Resistance: 149.50, followed by the psychological 150.30 level.
Trade Insights:
• Bias: Short-term pullbacks may provide opportunities for selling rallies.
• Risk Management: Stop-loss near 150.50 for short trades. Profit targets near 146.50 and 145.00.
This week’s flow will likely hinge on U.S. economic data releases and further commentary from Japan’s BOJ. Be cautious of mid-week reversals.
USDJPY: Bullish Continuation & Long Signal
USDJPY
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long USDJPY
Entry Point - 148.68
Stop Loss - 147.55
Take Profit - 150.87
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD FURTHER SELL OFF?! (UPDATE)Price action has been playing PERFECTLY & following the arrows I drew out on the first analysis! Price has been ranging as I expected & currently in the process of creating a 'flat correction' according to my EW Theory strategy.
However, I will be careful as it is a new month so I wouldn't be surprised if price shoots up so the monthly candle can grab liquidity & create a wick. Keeping an eye out for this option.
USD/JPY faces critical next few weeks as it tests 150 handleThe USD/JPY has rebounded after testing a multi-week low near the 149.00 handle on Monday on the on the back of dovish comments from Fed’s Waller, who said he’s inclined to cut rates in December.
However, with the yen being the biggest performer last week, underscoring expectations about a potential rate hike from the Bank of Japan, just as the world’s other central banks are now on the easing path, there is a good chance the USD/JPY could resume lower.
At the time of writing, it was testing a key pivotal area of around 150.00 ahead of critical US economic releases this week. With a jam-packed calendar including the closely watched JOLTS Job Openings report (today), ISM Services PMI, and the monthly Non-Farm Payrolls report to come, traders are bracing for volatility. These data points are expected to influence the USD/JPY, especially with both the Fed and BoJ policy decisions looming in December.
Should the 149.00-149.10 support area give way, the USD/JPY could drop to the next potential support at 147.20, possibly reaching 144.53 thereafter. The bulls will be eyeing a close above the 151.30 resistance level to nullify the bearish bias. While it is trading around the 150.00 area, it is in no-man's land, with a slight bearish tilt.
By Fawad Razaqzada, market analyst with FOREX.com
USD/JPY - H1 - Bearish Flag The USD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 150.80, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 149.20
2nd Support – 148.50
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
USDJPY Massive Long! BUY!
My dear friends,
My technical analysis for USDJPY is below:
The market is trading on 149.75 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 151.34
Recommended Stop Loss - 148.92
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Fundamental Market Analysis for December 02, 2024 USDJPYThe Japanese yen (JPY) is declining against its U.S. counterpart at the start of a critical week and is pulling back from part of Friday's strong upward move to the highest level since Oct. 21. US Treasury yields are recovering amid US President-elect Donald Trump's reaction to the threat of 100 percent tariffs on BRICS countries. This, in turn, is helping to revitalize demand for the US dollar (USD) and is proving to be a key factor directing flows away from the lower-yielding yen.
In addition, the bullish tone in equity markets further undermines demand for the safe-haven yen. Nevertheless, lingering geopolitical tensions and rising forecasts of another interest rate cut by the Bank of Japan (BoJ) in December should limit larger yen losses. Traders are also advised to refrain from aggressive directional bets and wait for important U.S. macroeconomic data this week, starting with the ISM Manufacturing PMI from this Monday.
Consumer inflation data from Tokyo, the capital of Japan, released on Friday showed that core inflation is picking up and bolstered the case for another rate hike by the Bank of Japan in December.
Also Bank of Japan Governor Kazuo Ueda said on Saturday that the next interest rate hike is near as economic data is on track, although he would like to see what kind of momentum the fiscal 2025 Shunto program will create.
Trade recommendation: Trading mainly with Buy orders from the current price level.
UsdJpy could drop 1000 pipsIn my previous post about USD/JPY, I highlighted the potential for JPY strengthening due to repatriation, referencing similar trends observed last year and usually in December
After reaching a high near 157, USD/JPY began to decline and is now testing the critical 150 level. At this point, a technical rebound is possible, but I view it as a selling opportunity. My belief is that repatriation is still in its early stages, and JPY has significant potential for further appreciation.
The 153-154 zone appears to be an ideal area to look for selling opportunities. With a stop placed above the recent high and a target near the 141 support level, a 1:4 risk-to-reward ratio could potentially be achieved.