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USDJPY

Trump Trade & Japan Politics Push USDJPY Higher Trump Trade & Japan Politics Push USDJPY Higher Japan's ruling coalition losing its parliamentary majority in weekend elections is currently weighing on the Japanese yen. Adding momentum to the dollar's strength, long-term U.S. Treasury yields continued their surge, despite the Federal Reserve’s recent 50-basis-point rate cut. Traders perhaps now see little chance of a rate cuts when the Fed meets on November 6, just a day after the U.S. election. Another key factor in the dollar’s rise is what’s being called the “Trump Trade” — a bet on Donald Trump's potential re-election. Should Trump secure victory and the Republicans retain control of Congress, his policies are expected to drive up the U.S. deficit and reignite inflation.
by BlackBull_Markets
XAU/USD : More Fall Ahead ? (READ THE CAPTION)By analyzing the #Gold chart in the 30-minute timeframe, we can see that last week, before filling the gap between $2715.5 and $2716.5, the price started rising from the $2717 area and managed to reach $2747.7. After closing at this level on Friday, we saw that over the weekend, with global markets closed, Israel launched its attack on Iran. However, since this attack was lighter than expected, the markets opened today with a large negative gap in gold. The price opened around $2734, with over a 130-pip gap, but within a few hours, this gap was filled as the price rose to $2744. As you can see on the chart, there are currently two remaining price gaps. One is between $2715.5 and $2716.5, and the other is between $2744.5 and $2747.2. Which gap do you think will be filled first? 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
OANDA:XAUUSDShort
by ArmanShabanTrading
23
USDJPY Is a Major Sell-Off Coming? Key Levels to Watch!USDJPY has been on a tear these past few weeks, charging toward some key higher timeframe resistance areas. Checking out the Monthly chart, I’m spotting what looks like a major trend reversal pattern. In July, USDJPY hit 162, and the resulting sell-off did two big things: it broke the long-term trendline and took out the last swing low from the previous leg up. (see chart below) Also, on the Monthly chart, you’ll notice that when price broke up through the 152 resistance to reach 162, there was a notable lack of momentum compared to earlier moves in this trend. We’re also seeing clear bearish divergence on the MACD—all signs of a major topping pattern and a likely trend reversal. Zooming into the weekly chart, and drawing fib retracement levels from the July drop, we’re right at the 0.618 level, aligning with the outside of the previous trendline. On the daily chart, we’ve reached what I consider a key SELL zone between 154-155. This level saw a 1500-pip drop in just days at the start of August. With three key confluences now in play and the Monthly chart showing a strong trend reversal pattern with MACD divergence, we could say “the stars are aligning” for this one. My approach? I’ll wait for the price to break above 154 and head toward 155, then turn on my TRFX indicator to look for 4-hour sell signals. Even if the market pushes higher, I’ll be on the lookout for more selling opportunities, especially if we move closer to 160. With all these factors lining up and the Bank of Japan’s interest rate decision this week, we could see a significant USDJPY sell-off. But I’ll WAIT for the SELL SIGNAL to confirm. If this major reversal takes shape, the price could drop quickly to this year’s low at 139.500, with possible profit-taking here and buyer re-entry, before pushing lower in the long term towards 127 or beyond. Note: This is a long-term, higher timeframe perspective and not a short-term trade. Let me know your thoughts below!
Short
by TheFxAce
5
USDJPY Is Going Up! Long! Take a look at our analysis for USDJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 151.777. The above observations make me that the market will inevitably achieve 153.232 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
3
Fundamental Market Analysis for October 29, 2024 USDJPYThe Dollar-Yen pair is losing ground to the 152.950 level during the early Asian session on Tuesday. The pair is declining as the U.S. dollar (USD) retreats from the nearly three-month high reached in the previous session. However, the pair's decline may be limited amid uncertainty surrounding the composition of the next government and the Bank of Japan's (BoJ) rate hike plan. The loss of Japan's ruling coalition in the elections increases political and monetary policy uncertainty and could put pressure on the Japanese yen (JPY). “The ruling LDP and its coalition partner lost their majority in the lower house of parliament, raising concerns about the shape and direction of the next government's policies. Markets have also slightly reduced expectations of Bank of Japan policy tightening (which has helped local equities),” said Scotiabank chief currency strategist Sean Osborne. The Bank of Japan's interest rate decision will take center stage on Thursday. Nearly 86% of economists polled by Reuters expect Japan's central bank to leave rates unchanged at its October meeting on Thursday. On Tuesday, Japan's Statistics Bureau released data that the country's unemployment rate fell to 2.4% in September, down from the previous reading and the market consensus forecast of 2.5% Trading recommendation: Trade predominantly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004
Bearish drop?USD/JPY is reacting off the pivot and could drop to the 61.8% Fibonacci support. Pivot: 153.14 1st Support: 150.90 1st Resistance: 1554.97 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
The yen falls to a three-month low amid political uncertainty in Japan's ruling party has faced a devastating defeat in the general election, leading to a surge of political uncertainty that has driven the yen to its lowest in three months. If PM Ishiba resigns and is succeeded by the dovish Sanae Takaichi as president of the Liberal Democratic Party, concerns about the BoJ's plan to raise interest rates will intensify. This scenario will signal that Japan may be losing its political and policy-stable status, resulting in a long-term stalemate in the Japanese stock market. USDJPY sustains a solid uptrend within the ascending channel, finding support around 153.00. The gap between both EMAs widens, sending out a bullish signal. If USDJPY breaches the resistance at 154.00 and then crosses the ascending channel’s upper bound, the price may continue its uptrend toward 157.80. Conversely, if USDJPY breaks EMA21 and the channel's lower bound, the price could fall further to the support at 150.80, where EMA78 coincides.
by inkicho_exness
Yen slips to 3-month low after Japanese electionThe Japanese yen is lower on Monday. In the European session, USD/JPY is trading at 152.63, up 0.22% at the time of writing. The yen weakened as far as 153.88 but has pared most of the losses. The new trading week has barely begun but the markets are busy digesting the drama out of Tokyo. The snap parliamentary election over the weekend was a disaster for new Prime Minister Shigeru Ishiba, as his Liberal Democratic Party (LPD) coalition won just 215 seats, short of the 233 majority. Ishiba has been in power for only a month and the snap election backfired as the LDP lost its parliamentary majority for the first time since 2009. It’s unclear if Ishiba will be able to cobble together a majority and the political uncertainly could push the yen, which is trading at 3-month lows, even lower. The election bombshell comes just ahead of the Bank of Japan’s on Oct. 31. The BoJ is expected to maintain policy settings and will release updated growth and inflation forecasts. The BoJ has intervened in the past when the yen showed a sharp and quick decline and there is speculation that the central bank might intervene if the yen falls to 155 or 160 per dollar. The US wrapped up the week with mixed results. Durable Goods Orders declined 0.8% in September, unchanged from a revised -0.8% reading in August and above the market estimate of -1%. The UoM Consumer Sentiment index improved slightly to 70.5 in October, above 70.1 in September, beating the market estimate of 69.0. USD/JPY continues to push through resistance lines. The next resistance line is 153.94 152.03 and 151.68 are providing support
by OANDA
USDJPY | Potential buy opportunity Hey Traders! 👉USDJPY@ 152.75~ BUY 📍 SL - 152.15 💰 TP1 - 152.95 💰 TP2 - 153.35 💰 TP3 - 154.35 Hey Traders! 👋 I believe USDJPY has a good chance to start some bullish pressure, since its overall market direction is heavily bullish, the trade has now had a cycle of exhaustion before a another continuation of bullish pressure, minimum to the 20 moving average I believe, if it breaks it we will see this trade fly higher to re-test the top. ✔️💯
Long
by FX-TradingLions
USDJPY - Hangman Reversal (600 pip)Dollar (USD) has been extremely strong, however has come to a point of resistance and risk. US Elections are in 10 days. Market is monitoring the resiliency of US economy. With markets normalizing, looks like there may be more appetite for risk as Central Banks are telegraphing their moves. Yen (JPY) has been been on the other side of this coin and it has been nothing but weak. This is at a potential changing point with new administration in Japan, expected rate hikes coming from BoJ and shifting global trends. This will be highly data-driven trade. Can be invalidated or in-the-money extremely quickly.
Short
by dsmall
USD/JPY Chart Analysis: Rate Hits Autumn HighUSD/JPY Chart Analysis: Rate Hits Autumn High Today’s USD/JPY chart indicates that the U.S. dollar has strengthened against the yen by over 6.6% since the beginning of the month. Starting this trading week, the rate has surpassed 153 yen per dollar, a level not seen since August 31. This bullish sentiment towards the dollar has been driven by the outcome of Japan’s parliamentary elections over the weekend. According to Reuters, investors believe that the loss of the ruling coalition’s majority in Japan’s parliament reduces the likelihood of a future interest rate hike, contributing to the yen's weakening. On October 10, there was speculation that bears might halt the October rally (marked by the blue channel) and guide the rate back down within a descending channel from its upper boundary (marked in red), with the psychological level of 150 yen per dollar acting as resistance. However, bulls maintained their momentum (which originated from the psychological level of 140 yen) and continued the rally, breaking through this resistance. Per USD/JPY technical analysis, the 150 yen level may now serve as a support line. The RSI indicator currently suggests the formation of a potential bearish divergence, hinting that a slight correction might occur as the market anticipates key upcoming news, which could heavily influence the sustainability of the current USD/JPY rally: → The Bank of Japan’s interest rate decision, expected on Thursday → Key U.S. labor market data releases scheduled for later in the week This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Market Analysis: USD/JPY Remains In Strong UptrendMarket Analysis: USD/JPY Remains In Strong Uptrend USD/JPY is rising and might gain pace above the 153.85 resistance. Important Takeaways for USD/JPY Analysis Today - USD/JPY climbed higher above the 150.50 and 152.20 levels. - There was a break above a key contracting triangle with resistance at 152.00 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a fresh upward move from the 149.00 zone. The US Dollar gained bullish momentum above 150.50 against the Japanese Yen. It even cleared the 50-hour simple moving average and 152.00. There was a break above a key contracting triangle with resistance at 152.00. The pair climbed above 153.50 and traded as high as 153.88. It is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 151.45 swing low to the 153.88 high. The current price action above the 153.20 level is positive. Immediate resistance on the USD/JPY chart is near 153.85. The first major resistance is near 154.20. If there is a close above the 154.20 level and the RSI moves above 65, the pair could rise toward 155.00. The next major resistance is near 155.85, above which the pair could test 157.00 in the coming days. On the downside, the first major support is 153.20, below which the bears could gain strength. The next major support is visible near the 50% Fib retracement level of the upward move from the 151.45 swing low to the 153.88 high at 152.65. If there is a close below 152.65, the pair could decline steadily. In the stated case, the pair might drop toward the 152.20 support zone. The next stop for the bears may perhaps be near the 151.45 region. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
Levels discussed on 28th October Livestream28th October DXY: Retracing from top of 104.55, could trade down to 104.20 before retesting high again. Needs to stay above bullish trendline. NZDUSD: Sell 0.5980 SL 25 TP 65 (Test and reject bearish trendline) AUDUSD: Sell 0.6565 SL 20 TP 80 GBPUSD: Sell 1.30 SL 25 TP 90 EURUSD: Ranging between 1.0780 and 1.0840, could trade up in smaller timeframe USDJPY: Retracing, could test 152.50, look for rejection, Buy 153.10 SL 50 TP 200 USDCHF: Buy 0.8705 SL 15 TP 45 USDCAD: Look for possible retrace and reaction at 1.3850 Gold: Likely to fluctuate between 2720 and 2747 while directional bias develops
TVC:DXY
by JinDao_Tai
EUR/USD: Pullback Before the Big Drop?The EUR/USD exchange rate remains stable around 1.0790 during early Asian trading on Monday, yet it faces potential downside pressure due to rising expectations of a less dovish stance from the Federal Reserve. Recent encouraging economic data from the United States has fueled these expectations, suggesting the Fed may adopt a more stringent policy in November, which could strengthen the dollar. From a technical perspective, EUR/USD has broken out of its descending regression channel, stabilizing above the upper line. On the downside, support levels are seen at 1.0800 and 1.0750. Last Thursday, EUR/USD displayed some resilience, benefiting from improved market sentiment and a dip in U.S. Treasury yields, leading to a temporary softening of the dollar. However, the pair remains at a crossroads, awaiting fresh cues from the economic calendar, such as U.S. durable goods orders data, which is expected to show a 1% decline. A stronger-than-expected figure could boost the dollar, while a more significant drop might weaken it, though the effect on EUR/USD could be short-lived. The neutral stance in U.S. index futures partly reflects broader uncertainty, leaving open the possibility that shifts in risk sentiment could impact the dollar; a continuation of risk flows favoring safer assets might keep the USD under pressure. Good trading day!
Short
by Forex48_TradingAcademy
1
USDJPY needs to pay attention to the BOJ meeting on ThursdayThe Bank of Japan will make a decision on interest rates this Thursday and the market currently expects the bank to leave interest rates unchanged. At about 10:00 Hanoi time on October 31 (Thursday), the Bank of Japan will hold an interest rate decision. As fears of a recession in the US ease, the Bank of Japan may signal that its policy outlook will be less dovish. Recent data shows that Japan's core inflation remains under upward pressure, but the Bank of Japan will likely continue its "wait-and-see" approach at this week's meeting. The market will closely monitor the quarterly outlook report, as well as changes in the Bank of Japan's assessment of risks to the US economy and the recent depreciation of the yen. Technically, after being limited by the 0.618% Fibonacci retracement level, OANDA:USDJPY has dropped to get more support from the upper edge of the price channel. Along with that, maintaining price activity above the 0.618% Fibonacci level will be a positive signal for the uptrend in the near future. Currently, USD/JPY is likely to test the 154.525 level in the short term, more so than the 155.222 level with an upward trend from the near-term price channel. However, the room for USD/JPY's price increase is no longer too wide as the Relative Strength Index (RSI) is reaching the overbought level, signaling corrections to occur. But as long as USD/JPY remains in the price channel, it still has an uptrend in the short term, and as long as it stays in the price channel and maintains price activity above EMA21, it still has an uptrend in the medium to long term. The current price drops should be considered a short-term correction without changing the main trend. In the immediate future, the uptrend of USD/JPY will be noticed by the following technical points. Support: 153.365 – 151.866 Resistance: 154.525 – 155.22 2
by Xayah_trading
USDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare