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USDJPY

Fundamental Market Analysis for March 4, 2025 USDJPYEvent to pay attention to today: 16:15 EET. JPY - BOJ Governor Kazuo Ueda Speaks USDJPY: On Tuesday, the Japanese yen (JPY) strengthened for the second consecutive day, reaching a multi-month high against the US dollar (USD) last week. The Bank of Japan's (BoJ) hawkish policy outlook continues to support the JPY, while concerns over the economic consequences of US President Donald Trump's tariff policy have led to a decrease in investor appetite for risky assets and contributed to the yen's strength. Trump's threats regarding Japan's currency depreciation, as well as the low dynamics of US dollar (USD) prices, are other factors exerting downward pressure on the USD/JPY pair. JPY bulls have not been affected by weak macroeconomic data from Japan, which showed an unexpected rise in the unemployment rate and a drop in corporate capital spending for the first time in three years. This suggests that the yen's value may continue to rise. Trade recommendation: SELL 149.000, SL 149.800, TP 148.200
Short
by Fresh-Forexcast2004
USD/JPY testing THIS key resistance ahead of US dataAfter rising in the last three sessions, the USD/JPY was up again today, testing a key resistance area between 151.00 to 151.35. This is a massive resistance zone, having previously provided support. With Japanese yields on rise again, I wouldn't be surprised if the UJ were to resume lower from here. If so, watch for a possible bounce at 150.00. If 150.00 then gives way decisively, we could see a new low below the double bottom low of 148.65ish. The key risk to this bearish forecast if the upcoming US economic data today and later this week, with ISM Manufacturing PMI up next. By Fawad Razaqzada, market analyst with FOREX.com
Short
by FOREXcom
USD/JPY Fake Breakout and Bearish Reversal SetupThis is a technical analysis chart for USD/JPY, showing a potential bearish reversal after a breakout attempt. Analysis: Key Levels: Resistance: Near 151.039 (recent high, indicated by the blue arrow). Support: Around 150.500 and 150.000 (marked within the red consolidation box). Market Structure: The price was consolidating in a range (red box). It broke out briefly above resistance, but the breakout appears weak. The price is now falling back inside the range, indicating a fakeout. Potential Trade Setup: Bearish Bias: If the price fails to hold above 151.039, it may retest the lower range. Target Levels: First target: Around 150.500 (mid-range support). Second target: Around 150.000 (lower support of the range). Stop Loss (SL): Above 151.039, in case of another breakout attempt. Volume Confirmation: The volume spiked on the breakout, but the quick rejection suggests a lack of strong buying pressure. If volume increases on the way down, it supports a bearish move. Trading Bias: Bearish short-term outlook due to fake breakout and rejection at resistance. Expecting a move back into the range, potentially testing lower support levels.
Short
by Akgoldtrader
USDJPY - Potential upside from here?USD/JPY is currently consolidating within a range after a sharp downtrend from the 159.00 level. The price has established support around 148.50-149.00, forming a clear pattern. We're now waiting for a decisive break above the current consolidation area, which would signal renewed bullish momentum. Once we see this breakout, expect a minor retracement to retest the broken resistance as new support – this will be our key buying opportunity. With the descending trendline already broken and the forecast indicating potential upside to the 154.00 area, traders should focus on buy positions following this retracement, with stops below the support zone.
Long
by financialflagship
USDJPY - Bullish Continuation in Play?OANDA:USDJPY currently trading within an ascending channel, indicating a prevailing bullish trend. The pair has broken above a key resistance zone and may now pull back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation. If buyers confirm support at this level, the price is likely to move upward toward the 151.700 level, which aligns with the upper boundary of the channel. Conversely, a failure to hold support could signal a potential bearish shift. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions. Let me know your thoughts or any additional insights you might have! 🚀
Long
by DanieIM
1
EUR/USD Bearish Outlook – Key Levels & Trade Setups📊 Technical Analysis EUR/USD Timeframe: Likely Weekly (1W) Current Price: ~1.0416 📉 Bearish Context: Key Resistance: 1.05290 This zone has been tested multiple times without a breakout, indicating strong selling pressure. It aligns with a liquidity area visible in the red rectangle. Also near the yellow moving average (likely 50 or 100 periods), acting as dynamic resistance. Key Support: 1.02838 Marked in blue as a potential short-term target. A level that previously provided support and may attract buyers again. 📉 Current Scenario: The price has rejected the 1.0529 resistance with a strong bearish candle. A breakdown from the gray zone suggests a potential continuation downward. If selling pressure persists, the 1.02838 target could be reached. 📈 Potential Trading Strategies: 🔻 Short Scenario (Bearish Bias): Entry: Below 1.0430 after confirmation with a daily bearish close. Target 1: 1.02838 Target 2: Below 1.0200 (depending on price action). Stop Loss: Above 1.0500 (to avoid false breakouts). 🔼 Long Scenario (Less Likely Bullish Setup): Entry: Confirmed bounce above 1.02838 with a strong reversal candle. Target: Retest of 1.0529, with a stop below 1.0280. 📌 Final Considerations: The current structure favors a short-term bearish continuation. Key areas (support and resistance) will be crucial for the next move. Watch for macroeconomic data and volatility, as they could impact the trend.
Short
by Forex48_TradingAcademy
1
Could the price drop from here?USD/JPY is reacting off the pivot and could drop to the 1st support which is a pullback support. Pivot: 151.18 1st Support: 147.17 1st Resistance: 154.79 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
USDJPY analysis week 10Fundamental Analysis The Japanese Yen (JPY) continued to weaken against the US Dollar (USD), pushing the USD/JPY pair above the psychological 150.00 level in late US trading on Friday. Japanese government bond (JGB) yields fell after Prime Minister Shigeru Ishiba’s government cut its fiscal 2025 budget plan. However, any meaningful depreciation in the JPY appears to be far off after the Bank of Japan (BoJ) increasingly accepted that it would continue to raise interest rates this year. Furthermore, USD bulls may refrain from placing aggressive bets and opt to wait for the release of the US Personal Consumption Expenditures (PCE) Price Index for clues on the Federal Reserve’s rate-cutting path. Technical Analysis USDJPY is heading towards the technical resistance level of 151.200 where sellers are waiting quite a bit. When sellers in this 151,200 price zone cannot push below 150,100, the uptrend will continue to be maintained to the weekly target around 152,200. Note that the weekly support zone of 149,400, if broken, will form a long-term downtrend chain of this currency pair.
by TVS-Trader
1
USDJPY H4 | Bullish Bounce OffBased on the H4 chart analysis, we can see that the price is falling toward our buy entry at 150.04, which is a pullback support that aligns with the 38.2% Fibonacci retracement. Our take profit will be at 151.15, which is a pullback resistance close to the 38.2% Fibo retracement. The stop loss will be placed at 148.96, which is a multi-swing low support level. 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. Stratos Markets Limited (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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. Stratos Europe Ltd (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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. Stratos Trading Pty. Limited (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. 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.
Long
by FXCM
Bearish drop?USD/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 71% Fibonacci retracement and could drop from this level to our take profit. Entry: 151.26 Why we like it: There is a pullback resistance that lines up with the 71% Fibonacci retracement. Stop loss: 152.20 Why we like it: There is a pullback resistance that is slightly 61.8% Fibonacci retracement. Take profit: 150.05 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
USD/JPY Channel Breakout (Weekly Forecast Mar 3-7)The USD/JPY pair on the H2 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 153.90 2nd Resistance – 155.60 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
5
USDJPY Massive Short! SELL! My dear subscribers, My technical analysis for USDJPY is below: The price is coiling around a solid key level - 150.60 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 149.93 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Japanese yen declines as Tokyo Core CPI easesThe Japanese yen has extended its losses on Friday.  In the European session, USD/JPY is trading at 150.39, up 0.40% on the day. After a string of releases that pointed to an upswing in inflation, Tokyo core CPI for February reversed the trend on Friday.  Japan's CPI, PPI and the Bank of Japan Core CPI all accelerated in the most recent releases but Tokyo Core CPI surprised to the downside, with a gain of 2.2% y/y.  This was down from 2.5% in January and below the market estimate of 2.3%. The soft Tokyo Core CPI reading is unlikely to raise many eyebrows at the Bank of Japan. The index remained above the BoJ's 2% target for a fourth consecutive month and Bank policymakers are expected to remain hawkish about monetary policy.  The BoJ raised rates in January and also revised its inflation forecasts upwards, a signal that further rate hikes are on the table. The markets are expecting the BoJ to continue tightening and this has been resulted in higher yields for Japanese government bonds, which hit a 15-year high earlier this month. Governor Kazuo Ueda responded to the sharp rise in bond yields with a warning that the central bank stood ready to intervene in the bond markets. Ueda's threat appears to have worked as bond yields have retreated slightly. The US wraps up the week with core PCE inflation, the Fed's peferred inflation gauge. The market estimates for January stand at 2.6% y/y (vs. 2.8% in December) and 0.2% m/m (vs. 0.3% in December). This would still be above the Federal Reserve's target of 2%. The Fed is not expected to lower rates before May, barring an unexpected surprise from inflation or employment data. USD/JPY tested resistance at 150.39 earlier.  Above, there is resistance at 150.98 There is support at 149.57 and 148.98
by OANDA