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USDJPY

USDJPY: Channel Up extending its 2nd bullish wave.USDJPY continues to trade on an highly bullish 1D technical outlook (RSI = 66.571, MACD = 1.090, ADX = 47.294) as today made a new high inside the 4 month Channel Up. It is on its 2nd bullish wave and it has started its 2nd stage, as it crossed above the 0.382 Fibonacci level, much like the previous bullish wave on October 21st. Aim for the 0 Fib near the top of the Channel (TP = 164.000) ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USD/JPY: Continuation Pattern in Focus?The USD/JPY pair is currently in a significant uptrend on the daily chart, characterised by a series of rising highs and lows. Following a marked upward movement, the price has entered a consolidation phase, indicating a temporary pause before potentially resuming its directional trajectory. This sideways movement is often interpreted as preparation for a breakout, presenting an intriguing opportunity for attentive investors. Possible Buy Scenario Should the price manage to breach the resistance within the current consolidation range, approximately at the 158.00 level, it could signal a resumption of the uptrend in the coming days. A daily close above this resistance would strongly indicate a continuation of the upward momentum, with a target set around the 161.75 region (approximately 350 pips). This target marks the next significant resistance zone on the chart and represents the highest price observed in recent years, largely attributed to the Bank of Japan's decision to maintain very low interest rates, leading to a considerable depreciation of the Yen. In this scenario, an effective risk management strategy could involve placing a stop loss just below the low of the consolidation range, around 155.80 (approximately 250 pips), to protect against potential false breakouts. Alternative Sell Scenario Conversely, if the price fails to break through the resistance and instead falls below the consolidation level at 155.80, this could signal a possible reversal or a deeper correction. Under these circumstances, the USD/JPY might seek lower support, such as the 151.50 region, which aligns with a previous support zone on the chart. This scenario would indicate a shift in market behaviour, potentially influenced by macroeconomic events or fundamental data that could impact risk appetite. In summary Investors should closely monitor macroeconomic developments, including US employment data, speeches from Federal Reserve officials, and geopolitical events, as these can introduce volatility into the pair. Paying attention to price behaviour within the consolidation range will be crucial in determining which of the outlined scenarios is most likely to materialise. Disclaimer 74.2% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Long
by Marketscom
Dollar vs. Yen - Long Term Swing Trading Idea - 08-th Jan 25'USDJPY from 20-th Dec' 2024 to 6-th Jan 2025 created A-B-C-D-E formation which is 4-th wave. Then from 156.25 area till 158.55 created 5 waves and finished the trend. Our expectations for the next few days are the price to retrace at least 250 pips till zone of 156.00 and there will find support. Long term idea is to reach 153.00 level in period of one month. EURUSD is at weakest and creating a swing low at levels over 1.0250-1.0300. If EURUSD bounce back to 1.0600 that will confirm the USDJPY trading idea for weaker dollar in next few weeks. Trading idea parameters are as follows. Entry: 158.50 Stop 159.50 Target 153.20
Short
by TradingTie
4
Yen Struggles as Investors Question BoJ's Rate Hike ProspectsThroughout the first half of the European trading session on Monday, the Japanese Yen continues to struggle against the US Dollar, with the exchange rate slipping to 0.006436 as I write this article. Investor skepticism regarding the Bank of Japan's (BoJ) potential for further interest rate hikes plays a significant role in this downward trend. This uncertainty, combined with an overall positive market sentiment, is putting pressure on the traditionally safe-haven Yen. Moreover, the recent widening of the yield gap between US and Japanese government bonds—intensified by the Federal Reserve's hawkish stance—further contributes to the Yen's decline. As the Fed signals a more aggressive monetary policy, the lower-yielding Yen becomes less attractive to investors. In terms of market outlook, we are anticipating a continuation of this bearish trend for the Yen against the Dollar. USD/JPY Previous Idea as reference: ✅ Please share your thoughts about 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.
CME:6J1!Short
by FOREXN1
1
USD/JPY Poised for a Breather Before Resuming Its AscentUSD/JPY: A Strategic Pause Before the Next Bullish Wave The USD/JPY currency pair is taking a breather, consolidating after a period of robust growth. This pause comes as a natural result of market dynamics, offering traders an opportunity to reflect on the underlying forces shaping the pair’s trajectory. The strengthening U.S. dollar, supported by a resilient economy and relatively hawkish monetary policy, contrasts sharply with the dovish stance of the Bank of Japan (BoJ). This divergence in central bank approaches creates a fertile environment for medium-term bullish potential in the USD/JPY pair. Over the past year, the currency pair has experienced a rollercoaster ride. A sharp decline in 2022 was fueled by aggressive rate cuts in the United States, a slight tightening move by the BoJ, and interventionist measures from Japan’s central bank aimed at stabilizing the yen. However, these interventions proved largely ineffective in altering the broader trend. The USD/JPY pair eventually reversed its course, erasing nearly all of its losses and climbing back toward the significant 162.0 level—a testament to the enduring strength of the dollar and the yen's continued weakness. Currently, the market is in a consolidation phase, with clear boundaries and well-defined levels emerging over the past several weeks. This phase serves as a critical juncture for traders, as it provides strong technical levels to guide trading strategies. Key Levels to Watch Resistance Level: 158.1 Support Levels: 156.74, 155.88 The primary trigger for a bullish continuation lies at the resistance level of 158.1. A decisive breakout above this level, accompanied by sustained price consolidation, would signal the market's readiness to push higher, potentially targeting all-time highs (ATH). However, traders should also prepare for the possibility of a temporary correction. Should the resistance hold, the currency pair may retrace toward the lower boundaries of the consolidation zone before resuming its upward momentum. Fundamental Context Driving USD/JPY The current landscape is shaped by stark differences in monetary policy between the U.S. Federal Reserve and the BoJ. While the Fed has maintained a relatively hawkish stance, keeping rates elevated to combat inflation, the BoJ has stuck to its ultra-loose monetary policy framework. Japan’s central bank continues to cap bond yields and resist significant tightening measures, prioritizing economic stability over currency strength. This divergence has amplified the appeal of the U.S. dollar against the yen, drawing capital flows into dollar-denominated assets and sustaining the bullish narrative for USD/JPY. Moreover, the broader macroeconomic environment supports the dollar's dominance. With robust labor market data, resilient GDP growth, and moderating inflation in the United States, the greenback remains a safe haven for investors navigating global uncertainties. In contrast, Japan's economy faces structural challenges, including stagnant wage growth and subdued consumer spending, further limiting the yen's recovery potential. Technical Outlook: Preparing for the Next Move From a technical perspective, the current consolidation is a healthy phase that sets the stage for the next significant move. Traders should closely monitor price action around the resistance at 158.1. A breakout above this level would open the door for an extended rally, with the psychological 162.0 level and beyond serving as potential targets. Conversely, failure to break resistance could lead to a retracement toward the support levels at 156.74 and 155.88. Such a pullback would not invalidate the bullish outlook but would instead offer a better entry point for those looking to capitalize on the broader upward trend. Trading Strategy For traders, patience and precision are key in navigating this phase. Those with a bullish bias should wait for confirmation of a breakout above 158.1, accompanied by increased volume and sustained consolidation. Meanwhile, a pullback to support levels could present an opportunity for value-based entries, provided the broader trend remains intact. Risk management remains paramount, as false breakouts and unexpected market shifts can occur in such volatile conditions. Conclusion The USD/JPY pair is at a crossroads, with consolidation serving as the calm before the next storm. The interplay between a strong dollar and a dovish BoJ creates a compelling case for further upside, but traders must remain vigilant and adaptable. Whether the pair breaks resistance or retraces to support, the medium-term outlook remains bullish, underpinned by both technical and fundamental factors. Stay prepared and disciplined, as the next leg of the journey toward new highs could be just around the corner.
Long
by lonelyPlayer0
Levels discussed on livestream 7th Jan 20257th January 2025 DXY: For further downside to 107 support level, needs to break 38.2% and bottom of channel (107.80) or bounce off bottom of channel NZDUSD: Retracing, look for rejection at 0.57 or 0.5760 AUDUSD: Test and reject trendline, Sell 0.6280 SL 30 TP 60 GBPUSD: Break above 1.26 round number, Buy 1.2620 SL 30 TP 100 EURUSD: Buy 1.0440 SL 30 TP 90 USDJPY: Sell 157.50 SL 70 TP 140 EURJPY: Look for reaction at 165 resistance GBPJPY: Look for reaction at 197, Buy 197.25 SL 40 TP 90 USDCHF: Buy 0.9070 SL 30 TP 60 USDCAD: Could trade down to 1.4250, bullish trendline XAUUSD: No clear directional bias, choppy between 2625 and 2646, break, above 61.8% 2646 could trade up to 2655
TVC:DXY
by JinDao_Tai
2
GBP/USD Holds Key Level Amid US Data WatchCurrently, GBP/USD is attempting to hold above the 1.2500 level after hitting an intraday high of 1.2575, but pressure from a strengthening US Dollar, driven by positive economic data, has capped further gains. A sustained move above this level could pave the way for new bullish targets, with the first resistance area at 1.2620-1.2630, corresponding to the 61.8% Fibonacci retracement, followed by 1.2700, which aligns with the 78.6% retracement level. On the downside, the first significant support stands at 1.2302. The recent strength of the Pound has been supported by broad-based USD weakness earlier this week, driven by improved market sentiment, which reduced demand for the greenback as a safe-haven currency. However, risk flows could be influenced by upcoming US macroeconomic data. Traders are focused on December’s ISM Services PMI and JOLTS job openings data. A reading above 50 has strengthened the Dollar, signaling expansion in the services sector.
Short
by Forex48_TradingAcademy
1
USD/JPY: Strategic Insights for Navigating Market Trends👋 Hello everyone! I’m Skeptic , and this is my second analysis. Today, I will be analyzing the USD/JPY pair. In the daily timeframe, we can clearly see the strength of its bullish trend. If you’re interested in the conditions, risks, scenarios, and triggers I’ll discuss, I appreciate you staying with me until the end of the analysis. Analysis Let’s start with the major trend of USD/JPY. In the previous corrective leg, the price retraced up to 50% of the Fibonacci level. However, in the current corrective leg, it has only retraced to 23%, which may indicate the strength of the trend. 📈 Trend Analysis: The daily chart shows that during the previous bullish trend’s correction, the price experienced significant declines. In the current corrective phase, the price has been moving sideways and even in the direction of the trend. Corrections in the direction of the trend are excellent indicators of trend strength and are often applicable in trading strategies. We can also observe a similar analysis using the RSI indicator. It’s worth noting that the daily support level at 156.226 has held well, stabilizing the price above it. If this support level is broken, we could anticipate a bearish scenario for the pair. ⚠️ Trigger Analysis Now, let’s move to the four-hour timeframe for our main trigger. Four-Hour Chart: We are witnessing a false breakout, and the price is still attempting to break through the resistance level at 158.070. For a long position, we should wait for a confirmed breakout and stabilization above this resistance level. 🚀 Given the strong bullish trend, we can expect significant upward movement. However, it’s crucial to manage risk effectively for each position. Risk Management: Maintaining proper capital management is vital for survival in financial markets. If your maximum risk per position is 0.5%, you can fully risk that amount. If you observe signs of trend weakness, negative economic news, or any other factors that might increase your risk, adjust your risk percentage accordingly. 💡 Thank you for staying with me until the end of this analysis! ❤ Your support motivates me to provide more daily insights, allowing us to grow together in our trading journeys. If you have any questions or topics you’d like me to cover in future analyses, feel free to reach out. Let’s continue to learn and succeed together!✨
Long
by SkepticWise
1
#USDJPY 2HUSDJPY (2H Timeframe) Analysis Market Structure: The price is trading within a channel pattern, respecting both support and resistance levels. Currently, it is near the upper boundary of the channel, indicating possible resistance. Forecast: Wait for a retest of the channel resistance before considering a sell position, as confirmation is required to validate a potential move downward. Key Levels to Watch: Entry Zone: After a retest and rejection from the upper boundary of the channel. Risk Management: Stop Loss: Placed above the channel resistance or recent swing high. Take Profit: Target the midline or lower boundary of the channel for potential downside movement. Market Sentiment: The setup suggests a cautious bearish bias, but confirmation signals are needed before executing a trade.
Short
by PIPSFIGHTER
Fundamental Market Analysis for January 7, 2024 USDJPYThe USD/JPY pair is fluctuating near familiar levels, having started the new trading week almost unchanged. The pair is near recent highs as investors await decisions from the Federal Reserve (Fed) and the Bank of Japan (BoJ). Both central banks are expected to make new moves on interest rates in 2025, with the Fed targeting a rate cut and the BoJ beginning to raise rates. Bank of Japan Governor Kazuo Ueda recently reiterated the BOJ's commitment to achieving a neutral rate. What makes the Bank of Japan unique among the other major central banks in the developed world is its longstanding efforts to stimulate inflation rather than curb it. Because the Bank of Japan's discount rates are well below the global average, the Japanese yen has had a tough turnaround in 2024 as the rate differential has widened. Since the natural rate of interest is likely much higher than current BoJ discount rates, BoJ Governor Ueda and company will have to start adjusting rates upward at some point, or they risk sending the Japanese economy into another tailspin. Wednesday will bring the latest Fed meeting minutes down on traders, but the key document this week will be Friday's US Non-Farm Payrolls (NFP) report. As half of the Fed's mandate includes full employment, markets will be watching this week's US employment data with heightened interest. Trade recommendation: Watching the level of 156.00, trading mainly with Sell orders
Short
by Fresh-Forexcast2004
USD/JPY H4 | Potential bullish bounceUSD/JPY is falling towards a swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 156.60 which is a swing-low support. Stop loss is at 155.80 which is a level that lies underneath a multi-swing-low support and the 23.6% Fibonacci retracement level. Take profit is at 158.41 which is a swing-high resistance. 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 (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.
Long
by FXCM
1
Levels discussed on livestream 6th Jan 20256th January 2025 DXY: Consolidating along 108.90, could test 108.50 (61.8%) before trading higher again to 109 round number (below 108.50 could test bottom of channel) NZDUSD: Sell 0.5575 SL 30 TP 60 AUDUSD: Sell 0.6265 SL 30 TP 60 GBPUSD: Wait for reaction at 1.25 round number resistance level EURUSD: Look for rejection of 1.04, Sell 1.0315 SL 30 TP 90 USDJPY: Sell 157.65 SL 50 TP 150 EURJPY: Buy 163.55 SL 40 TP 120 GBPJPY: Sell 196.40 SL 50 TP 150 USDCHF: Look for reaction at bottom of channel 0.9060 or support level 0.9020 USDCAD: Ranging between 1.4335 and 1.4465 XAUUSD: Break 2624 to trade down to 2610 (bullish trendline)
TVC:DXY
by JinDao_Tai
2
The Macroeconomic Impact of the Latest Inflation Report on USDIntroduction: Inflation data has always been a crucial driver of currency movements, and the upcoming inflation report is no exception. With USD/JPY currently at a pivotal point, traders are closely watching how the figures will influence the Federal Reserve's monetary policy trajectory and market sentiment. Current Market Dynamics: The USD/JPY pair has been consolidating within a tight range between and , reflecting traders' caution ahead of the release. Expectations of could push the pair out of its current range. Scenarios and Key Levels: Higher-than-expected inflation: 1.Potential breakout above . Target level: . 2.Lower-than-expected inflation: Retest of and potential slide toward . 3.Neutral inflation figures: Likely continuation of range-bound trading between and . Conclusion and Community Call-to-Action: What are your thoughts on the upcoming inflation report? Will it trigger a significant move in USD/JPY, or will the pair remain range-bound? Share your analyses and charts in the comments below! 👇
by Safaric
USDJPY → Consolidating Before the Next Rally.Hello, dear friends! Ben here! USD/JPY is consolidating after a strong bullish run, fluctuating around the 157.75 level. The Japanese Yen continues to weaken amid wavering expectations regarding a potential rate hike by the Bank of Japan (BoJ). The Jibun Bank Japan Services PMI was revised lower to 50.9 from 51.4 in December. Meanwhile, the US Dollar remains near a two-year high, supported by the Fed's hawkish shift, further bolstering the USD/JPY pair. Currently, the focus is on the consolidation phase, which has been forming over the past few weeks. We have clear boundaries, trends, and key levels to guide our trading decisions. For me, the trigger lies at the 158 resistance level. A breakout and price consolidation above this level would confirm that the pair is ready to push higher. This rally is expected to reach the upper boundary of the ascending channel around 159, completing wave 5 within the channel. Regards !
Long
by Bentradegold
3
GBPUSD Analysis: Falling Wedge Pattern and Potential 500+ Pips The forex pair GBPUSD is currently trading at 1.247, with a target price set at 1.290, presenting a potential gain of 500+ pips. The market is forming a falling wedge pattern, a bullish technical setup that often signals a potential breakout to the upside. This pattern indicates a gradual narrowing of price movement, with sellers losing momentum and buyers preparing for a reversal. Traders are closely watching for a breakout above the wedge, which would confirm the bullish bias. A breakout could trigger significant upward movement, aligning with the target price. This setup provides an attractive risk-to-reward opportunity for buyers. However, confirmation through price action and volume is essential before entering a trade. Risk management is critical due to forex market volatility. Monitoring momentum indicators can help validate the expected breakout. The next move depends on how the pair reacts at key resistance levels.
Long
by AndrewsMarket-Mastery