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USDJPY

USDJPY - Yen will continue to strengthen?!The USDJPY currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. In case of correction due to the release of today's economic data, we can see the demand zone and buy in those two zones with the appropriate risk reward. Yesterday, the Bank of Japan kept its interest rate unchanged at 0.25%, as expected. The Japanese government maintained its overall economic assessment for October, continuing to believe that the economy is recovering at a moderate pace. However, it downgraded its outlook on production, indicating that output might be facing challenges and may struggle to grow significantly. Meanwhile, Japan’s Economy Minister, Akazawa, stated that currency movements are being closely monitored, and proposed policies from other parties will be reviewed. He also noted that a weaker yen could lead to a decrease in income and private consumption, particularly if wage growth is insufficient. According to a recent Reuters survey of economists, 103 out of 111 economists expect the Federal Reserve to cut interest rates by 0.25% in November and December of this year, bringing the rate to a range of 4.25% to 4.5%. Additionally, 74 out of 96 surveyed economists predict that the Federal Reserve’s interest rate will drop to 3% to 3.25% or higher by the end of 2025. A recent report from CIBC suggests that a 3% growth in U.S. GDP is unlikely to overheat the economy. CIBC believes that the U.S. economy can sustain growth at this rate while continuing its rate-cutting cycle. The report shows that U.S. economic growth has reached 2.8%, slightly below analysts’ 3% expectation. Nonetheless, the details reflect a robust economic performance, with domestic consumption offsetting the negative effects of net trade. CIBC analysts argue that 3% growth should be seen as a new measure of economic capacity rather than a sign of overheating. They point to improvements in productivity and cooling labor markets and inflation, asserting that
Long
by Ali_PSND
Pre NFP Trade Analysis1st November DXY: Stronger NFP, DXY bounce off 103.80 to trade up to 104.60. If 103.80 broken, could trade down to 103.45 NZDUSD: Sell 0.5925 SL 20 TP 60 (DXY Strength) AUDUSD: Sell 0.6545 SL 25 TP 60 (DXY Strength) GBPUSD: Sell 1.28 SL 40 TP 120 (DXY Strength) EURUSD: Buy 1.0905 SL 25 TP 100 Hesitation at 1.0950 (DXY Weakness) USDJPY: Sell 151.40 SL 40 TP 200 Hesitation at 150.55 (DXY Weakness) USDCHF: Buy 0.8710 SL 20 TP 40 (DXY Strength) USDCAD: Sell 1.3915 SL 15 TP 30 (DXY Weakness) Gold: Needs to stay below 2760, break 2740 could trade down to 2708
TVC:DXY
by JinDao_Tai
2
USDJPY / OVERALL UNDER DOWNWARD PRESSURE / 4HUSD JPY 4H TIME FRAME HELLO TRADERS Supply Zone (154.685 - 154.975), This range is seen as a resistance level where the price might struggle to break above, as sellers are likely to dominate. If the price stabilizes in this zone, it suggests that a reversal could occur, potentially leading to a decline. Potential Decline to Demand Zone (150.331 - 149.075) , If the price reverses from the supply zone, the expectation is that it could drop to the demand zone, where buying pressure is higher, and the price might find support. Downtrend Confirmation , For a confirmed downtrend, prices would need to break below the demand zone, signaling strong selling pressure and possibly more declines. Uptrend Confirmation (157.135 - 157.873) , Conversely, if prices can break above the supply zone, it would signal a potential uptrend. The target in this case would be the next resistance zone, around 157.135 to 157.873.
Short
by ArinaKarayi
Fundamental Market Analysis for November 1, 2024 USDJPYThe Japanese yen (JPY) retreated from its recent gains following the release of the manufacturing purchasing managers' index (PMI) from Jibun Bank and S&P Global on Friday. However, the USD/JPY pair declined as the yen strengthened following comments from Bank of Japan (BoJ) Governor Kazuo Ueda on Thursday that increased the likelihood of a rate hike in December. Jibun Bank's headline PMI for Japan's manufacturing sector came in at 49.2 in October, down from 49.7 in September. This composite single-digit reading indicates that Japan's manufacturing output continued to contract at the start of the fourth quarter of 2024, with the pace of decline in output and new order inflows more pronounced. Japan's Chief Cabinet Secretary Yoshimasa Hayashi said on Friday that he expects the Bank of Japan to work closely with the government to implement appropriate monetary policy to achieve the price target in a sustainable and stable manner. Traders await the release of the U.S. non-farm payrolls (NFP) report on Friday. The U.S. economy is expected to add 113,000 jobs in October, while the unemployment rate is expected to remain unchanged at 4.1%. Trading recommendation: Trade predominantly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004
USDJPY H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 152.60, which is a pullback resistance Our take profit will be at 150.88, a pullback support level close to 61.8& Fibo retracement and 127.2% Fibo extension The stop loss will be at 154.64, above the 127.2% Fibo extension 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 (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 Stratos Global LLC (www.fxcm.com): 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.
Short
by FXCM
1
Bearish drop off 50% Fibonacci resistance?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit., Entry: 152.83 Why we like it: There is an overlap resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 153.54 Why we like it: There is a pullback resistance level. Take profit: 151.61 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
$JPINTR -Japan's Interest Rates (October/2024)ECONOMICS:JPINTR 0.25% October/2024 source: Bank of Japan - The Bank of Japan (BoJ) unanimously maintained its key short-term interest rate at around 0.25% during its October meeting, keeping it at the highest level since 2008 and matching market estimates. Thursday's decision came amid shifting political lansdscape following Japan's election and ahead of the US presidential election. In a quarterly outlook, the BoJ held its forecast that core inflation to reach 2.5% in FY 2024, with inflation expected to be around 1.9% for both FY 2025 and FY 2026. Regarding the GDP, the central bank retained its 2024 growth forecast at 0.6%. Additionally, it forecasts growth of 1.1% for FY 2025 and 1.0% for FY 2026.
ECONOMICS:JPINTR
by Mr_J__fx
XAU/USD : Ready for more LONG ? (READ THE CAPTION)By analyzing the #Gold chart in the 15-minute timeframe, we can see that gold is currently trading around the $2780 level. If it holds above this level, I expect further upward movement. The potential targets for this rise are $2784, $2787, and $2790. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
FOREXCOM:XAUUSDLong
by ArmanShabanTrading
11
USD/JPY:Bank of Japan's Steady Rates and U.S. GDP Data to Shape The Bank of Japan (BoJ) concluded its two-day monetary policy meeting on Thursday by keeping its short-term interest rate target steady at 0.25%. This decision, while in line with market expectations, sets the stage for potential market volatility, as other global economic indicators could weigh heavily on USD/JPY movement in the coming days. From a technical perspective, price action analysis reveals a notable reversal candle on the daily timeframe, aligning with a pre-identified supply area. This reversal is further supported by the Commitment of Traders (COT) report, which indicates that retail traders are largely bullish, while “smart money” or institutional investors appear to be shifting their positions to the bearish side. Seasonal patterns also suggest a possible start of a new bearish trend, adding weight to the likelihood of downward movement. In addition, today’s U.S. Advance GDP data could amplify movements if it underperforms expectations, adding pressure on the USD and further supporting a bearish outlook for the USD/JPY pair. A disappointing GDP print could, therefore, accelerate a drop in the USD, setting up the pair for a potential shift in trend. Traders and analysts alike will be closely monitoring these developments, as Japan’s steady rates, combined with potential U.S. economic softness, set the tone for potential volatility in the days ahead. ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
7