USDJPYHello Traders! 👋
What are your thoughts on USDJPY?
The USDJPY pair has broken its upward trendline and is now trading below a key resistance zone. A pullback to the broken level is expected before the price continues its downward move towards the identified target zone.
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USDJPY
Japanese Yen Surges on Wage DataThe Japanese yen strengthened past 154 per dollar on Wednesday, its highest in seven weeks, as strong wage and services data fueled expectations of a more aggressive Bank of Japan policy. Japan’s real wages rose for a second month in December, with nominal wage growth hitting a nearly 30-year high due to winter bonuses. The January services PMI was revised up to 53 from 52.7.
In January, the Bank of Japan raised interest rates and signaled openness to further hikes if economic and inflation trends align. Externally, the yen gained as the US dollar weakened after Washington delayed tariffs on Mexico and Canada, while trade tensions with China eased.
Key resistance stands at 155.90, with potential targets at 158.70 and 160.00. Support is at 153.00, followed by 151.90 and 149.20.
$GOOGL Stocks Sink on Alphabet Earnings; Gold Hits AllTime High Stocks Sink on Alphabet Earnings; Gold Hits All-Time High 📉✨
1/9
Global stocks dipped after Alphabet ( NASDAQ:GOOGL ) missed earnings expectations, putting pressure on Wall Street futures. Investors are now questioning tech's growth outlook. 📉 Could this signal a broader tech revaluation?
2/9
Alphabet’s earnings disappointment impacted sentiment across markets, while some European stocks showed resilience. Novo Nordisk delivered positive earnings, highlighting sector-specific strength. 🏢📊
3/9
Currency Moves: The USD/JPY pair saw notable movement as the yen strengthened. Japan’s wage data came in higher than expected, fueling speculation of another rate hike. 💴 Could this be a turning point for the yen's momentum?
4/9
The dollar weakened against major currencies, driven by Japan’s wage growth data and broader market uncertainty. Currency traders, take note: further BOJ tightening may continue shifting capital flows. 📉
5/9
Gold Surge: The precious metal hit a record high today. A weaker dollar and heightened geopolitical risks are driving investors toward safe-haven assets like gold. 🚀 Will this trend hold if market volatility persists?
6/9
Political surprise: President Trump made unexpected remarks about potential U.S. involvement in Gaza for economic development. Despite the shock value, markets largely shrugged off the news. 🗞️ Investors kept their eyes on the numbers instead.
7/9
Market Insights:
Alphabet ( NASDAQ:GOOGL ): Missed earnings shook tech stocks.
USD/JPY: Yen gains signal a potential shift in forex markets.
Gold: Safe-haven demand pushes prices to new highs.
8/9
Investors may need to reassess their tech positions in light of Alphabet’s performance. Meanwhile, forex traders could find opportunities in USD/JPY movements, and gold investors are riding a bullish wave. 🧭
9/9
What's your market outlook after today's moves? Vote now! 🗳️
Tech will rebound soon 📈
Volatility will dominate 🔄
Gold remains king of 2025 ✨
Will USDJPY continue its decline amid hawkish tones from BoJ?Macro:
- The yen reached a multi-week high due to more hawkish expectations from the BoJ. Japan's December real Wage rose in the second month, driven by winter bonuses.
- The Japan Service PMI was revised to 53. In addition, the BoJ signalled that it would be willing to raise interest rates when conditions met.
Technical:
- USDJPY dropped below both EMAs after breaking the ascending trendline, indicating strong bearish momentum.
- If USDJPY continues to decline, the price may retest the support at 152.00.
- Meanwhile, USDJPY may correct to retest its EMA21 area before resuming its downward movement.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Fundamental Market Analysis for February 5, 2025 USDJPYThe Japanese Yen (JPY) is attracting fresh buyers after data released during Wednesday's Asian session showed a rise in real wages in Japan, confirming bets that the Bank of Japan (BoJ) will raise interest rates again. This is significantly at odds with expectations that the Federal Reserve (BoJ) will cut borrowing costs twice before the end of this year. As a result, the narrowing rate differential between Japan and the U.S. will support yen yields.
In addition, the weakening U.S. dollar (USD) led the USD/JPY pair to fall to mid 153.0, or the lowest level since December 18, in the last hour. Meanwhile, investors remain concerned that Japan could also be targeted by US President Donald Trump's trade tariffs. This, along with a risk-on sentiment, could deter traders from making new bullish bets on the safe-haven yen. Nevertheless, the fundamental backdrop supports the outlook for further yen strength.
The Japanese yen hit a one-month high against the US dollar amid expectations of a Bank of Japan rate hike. Expectations of further narrowing of the rate differential between Japan and the US also support the yen.
Trading recommendation: Trade mainly with Sell orders from the current price level.
USD/JPY: Dips below 154 have been short livedThis is a quick and simple setup based around the assumption that support will continue to hold for USD/JPY.
The market found support at a high-volume node (HVN) last week. And each time the market has either tested or traded beneath the 154 handle, it has been accompanied by heavier volumes and a subsequent move higher. This suggests bears have been burned trying to short at the cycle lows and then forced to capitulate.
Given we're in the Asian session with no top-tier calendar events, and for now at least Trump's tariff headlines are in the rear-view mirror, we're looking for another bounce from / false break of the 154 handle.
As this is simply a mean-reversion setup, we're not looking for a home run.
Matt Simpson, Market Analyst at City Index and Forex.com
GBP/AUD: The Impact of Tariffs on MarketsThe GBP/AUD exchange rate showed mixed movements from January 27 to February 4, 2025, closing at 1.99489 on February 4 with a decline of approximately 0.42% compared to the previous session. Despite a modest rally on February 3, with an increase of about 0.58%, the subsequent downturn signals prevailing bearish sentiment. This fluctuation highlights a cautious market environment influenced by several key factors. A technical report dated February 4 highlighted a symmetrical triangle pattern where, despite a bullish crossover of the 9-period moving average above the 14-period moving average, the price remains confined between a resistance level around 2.0050. This range-bound behavior reflects traders' hesitation as they await a decisive breakout to confirm the next directional trend. Additionally, geopolitical factors have significantly impacted volatility. The announcement of new U.S. tariffs by President Trump temporarily pushed GBP/AUD above 2.012. However, this rally was short-lived, with the rate retracting shortly after due to market adjustments, demonstrating the pair's sensitivity to external economic policies. Furthermore, risk-off flows have contributed to intermittent strength in GBP/AUD, but the overall sentiment remains mixed. Technical indicators and the persistent narrow trading range indicate ongoing uncertainty, applying continuous downward pressure on the pair.
USDJPY Is Nearing An Important SupportHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 153.900 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 153.900 support and resistance area.
Trade safe, Joe.
XAU/USD : First LONG,then SHORT! (READ THE CAPTION)By analyzing the 1-hour gold chart, we can see that gold has now reached the $2808 - $2818 supply zone and is currently trading around $2810.
Given the liquidity gap created by the price surge from $2772 to $2811, I expect a price correction soon, but likely after one more bullish wave. If gold stabilizes above $2808, it could push higher towards the next targets at $2812, $2817.2, and $2820.
This analysis will be updated soon!
USD/JPY SHORT FROM RESISTANCE
Hello, Friends!
USD/JPY is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 154.530.
✅LIKE AND COMMENT MY IDEAS✅
USD/JPY Analysis by zForex Research TeamYen Falls Below 155 as U.S. Tariff Suspension Eases Safe-Haven Demand
The Japanese yen fell below 155 per dollar on Tuesday as the suspension of U.S. tariffs on Mexico and Canada reduced safe-haven demand. On Monday, Trump agreed to pause the tariffs for a month after talks with both nations. Optimism is also rising over a possible U.S.-China deal to prevent the 10% tariffs set for today. In Japan, investors await Wednesday’s wage data, which could impact the BOJ’s policy outlook. The central bank raised rates in January and signaled readiness for further hikes if economic conditions support it.
The key resistance level appears to be 155.90, with a break above it potentially targeting 158.70 and 160.00. On the downside, 153.80 is the first major support, followed by 151.90 and 149.20 if the price moves lower.
Levels discussed during livestream 3rd Feb 20253rd Feb 2025
DXY: If price stays above 109.30, could see it trade up to 110, beyond that 111
NZDUSD: Sell 0.5530 SL 25 TP 60
AUDUSD: Sell 0.6080 SL 30 TP 80
GBPUSD: Sell 1.2230 SL 40 TP 120 (hesitation at 1.2164)
EURUSD: Sell 1.0160 SL 50 TP 150
USDJPY: Buy 156 SL 35 TP 70
EURJPY: Sell 159.40 SL 50 TP 100
GBPJPY: Sell 191.70 SL 50 TP 110
USDCHF: Wait and look for reaction at 0.92 resistance level
USDCAD: Sell 1.4655 SL 50 TP 100
XAUUSD: Look for reaction at 2790 resistance (break upwards to 2812 on recessionary/reinflation/trade war fear) or reject down on DXY strength (inverse relationship)
WEEKLY RECAP - Week 1, 2025The most important thing to reflect on each week is NOT your profit and loss balance.
Instead, reflect on these three questions:
- Did I follow my core habits for success?
- Am I ready to let my attachments from last week go?
- Am I focusing on this current moment, or a destination I'm trying to reach?
I won't put a whole lot of words here. It's all in the video, but here are the three setups from last week, and here is my notion journal so you can follow along.
USDJPY
EURUSD
EURUSD
Notion Journal
Enjoy the ride,
-Gio
USDJPY R2🔍 Technical Analysis of USD/JPY
📌 Overall Trend:
After a downward correction, the price has reached the 154.250 support zone.
A positive reaction at this level suggests a potential upward move.
A price gap is visible in the 156.000 - 156.400 range, which may lead to a price increase to fill the gap.
📈 Buy Trade Signal (Long Position)
🔹 Entry Conditions:
If the price holds the 154.250 - 154.400 support zone and bullish reversal candlesticks appear, a long trade is recommended.
The ideal entry range is 154.600 - 154.860.
🔹 Stop Loss (SL):
Below 154.250
🔹 Take Profit (TP):
First target: 155.860
Second target: 156.110
Third target: 156.400 (if the bullish momentum continues)
🔹 Risk Management:
If the price stabilizes below 154.250, reconsider the trade.
Breaking above 156.110 increases the likelihood of further bullish movement to fill the price gap.
✅ Final Conclusion:
If the price finds support at 154.250 - 154.400, a buy trade is favorable.
A breakout above 156.110 could lead to a further target of 156.400.
📌 Ensure confirmation through price action and candlestick patterns before entering the trade.
Japanese Yen Set for Weekly GainThe Japanese yen weakened beyond 155.5 per dollar, marking its second straight decline as the dollar strengthened. The US imposed a 25% tariff on imports from Mexico and Canada, along with a 10% tariff on Chinese goods, triggering retaliatory actions from the affected nations. Although Japan was not directly targeted, its export-driven economy remains exposed to global trade disruptions.
A summary of discussions from the Bank of Japan’s January meeting indicated that policymakers considered the possibility of further interest rate hikes to counter inflationary pressures and a weakening yen. In January, the BOJ raised its policy rate and signaled its willingness to increase rates again if economic conditions and inflation trends warrant further action.
The key resistance level appears to be 155.90, with a break above it potentially targeting 158.70 and 160.00. On the downside, 153.80 is the first major support, followed by 151.90 and 149.20 if the price moves lower.
UJ Prepping Falling Wedge Breakout To Start 2025?FX:USDJPY starts 2025 in what appears to be a Falling Wedge, but following the 50% Fibonacci Retracement based from the Low @ 148.639 to start December 2024 to the High @ 158.874 last month, Price seems to may be ready to setup for a Bullish Break of this Pattern.
To see if FX:USDJPY has truly Broken Out of the Falling Wedge, here are some signals:
1) While price travels lower in the Falling Wedge, we can see Volume picks up the lower price goes
2) The Breaking Candle following the 2nd 50% Retracement touch generates a good amount of Bullish Volume compared to the similarly sized printed Bullish Candle following the 1st 50% Retracement touch (both candles marked in yellow to compare)
3) Following this Break, we see RSI Break above the 50 mark moving into Bullish territory.
** Buy Opportunities will come if Price successfully retest the Break of the Falling Resistance and finds Support.
-- Beware of a False Break if Price decides to fall back down Below the Falling Resistance too soon before a legitimate test.
Bullish bounce off 50% Fibonacci support?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 153.39
1st Support: 149.27
1st Resistance: 158.28
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Bearish reversal?USD/JPY is rising towards the resistance level which is a pullback resistance and could reverse from this level to our take profit.
Entry: 155.69
Why we like it:
There is a pullback resistance level.
Stop loss: 156.61
Why we like it:
There is an overlap resistance level that aligns with the 127.2% Fibonacci extension.
Take profit: 154.19
Why we like it:
There is a pullback support level.
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