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USDJPY

USDJPY → Consolidation before continuing growthFX:USDJPY is consolidating after strong growth. A promising dollar and weak japanese central bank policy form a medium-term bullish potential in the currency pair The currency pair returns almost all of the strong fall associated with last year's course of rate cuts in the U.S., rate hikes in Japan and interventions that were actively conducted by the Central Bank of Japan. What was the outcome of all the actions? It was all in vain. The price turned around and almost approached 162.0. At the moment the emphasis is on consolidation, which has been forming for several weeks. We have clear boundaries, trend and strong levels to use in our trading. Resistance levels: 158.1 Support levels: 156.74, 155.88 The trigger for me is the resistance at 158.1. A breakout and price consolidation above this level will be a confirmation that we are ready to move further towards ATH. I do not exclude the fact that now the price may not be let in and the currency pair will form a correction to the consolidation support before further growth Regards R. Linda!
Long
by RLinda
2
Bullish rise off pullback support?USD/JPY has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance which lines up with the 138.2% Fibonacci extension. Pivot: 156.12 1st Support: 153.39 1st Resistance: 160.24 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.
Long
by ICmarkets
4
USDJPY H1 | Bullish Bounce Off?Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 157.39, which is a pullback support close to a 50% Fibo retracement. Our take profit will be at 157.84, a swing high resistance. The stop loss will be placed at 156.87, which is a 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 (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.
Long
by FXCM
USD/JPY Analysis: Bullish Momentum Awaits Key ConfirmationUSD/JPY Analysis The overall trend remains bullish, but confirmation of the bullish scenario requires a 4-hour candle close above 157.980. If this occurs, the price is likely to target 159.820 and 161.820. On the other hand, if a 4-hour candle closes below 156.580, it signals a potential drop toward 153.980. A further break below this level could see the price decline to 151.780. Stability above 157.980 will reinforce the bullish momentum, with targets at 159.820 and 161.820. Key Levels: Pivot Line: 156.590 Resistance Levels: 159.40, 161.82, 163.20 Support Levels: 154.64, 153.43, 151.790 Trend Outlook Bullish: Above 157.980 Bearish: Below 156.580 Consolidation: Between 156.45 and 157.98 previous idea:
Long
by SroshMayi
1
USDJPY Detailed Analysis And next Week PredictionWelcome to this detailed trading analysis, where your passion for mastering the forex market is truly appreciated. Trading is not just a skill but an art that requires patience, strategy, and perseverance, and by being here, you're already ahead in the journey toward success. Let’s dive into the USDJPY pair, which is currently trading at 157.200. The target price is set at 163.00 to 164.00, offering a potential gain of 500 to 600 pips, making this an exciting opportunity for traders. The pair is following a support and resistance pattern and is currently in a consolidation phase, where the market is preparing for its next significant move. Before reaching the target, we are waiting for a clear bounce from the support level, accompanied by a surge in trading volume, which will confirm the breakout. This setup requires patience and discipline, but the potential reward is worth the wait. Stay sharp, trust the technicals, and remember that success in trading comes to those who prepare and remain committed to their strategies.
Long
by AndrewsMarket-Mastery
3
XAU/USD toward $2500 before a new high!Gold's recent performance and future outlook continue to be influenced by a complex blend of technical indicators, macroeconomic events, and geopolitical factors. As of Friday, XAU/USD registered a slight retracement below $2,650 after a significant 1% increase on Thursday. The minor pullback coincides with a stabilization in the US 10-year Treasury yield around 4.57%, which traditionally exerts downward pressure on non-yielding assets like gold. On the upside, gold faces key psychological resistance at $2,700. Conversely, immediate support levels are positioned around $2,640. A break below these levels could signal a deeper correction; however, current sentiment suggests resilience in the face of such potential declines. Fundamentally, gold's stellar 27% annual return in 2024, the highest since 2010, underscores its renewed appeal as a safe-haven asset amid persistent global uncertainties. Geopolitical tensions remain a primary driver of demand. Recent reports about heightened US-Iran tensions, including contingency plans regarding Iran's nuclear facilities, increase the risk premium for gold. Additionally, the prolonged Russia-Ukraine conflict continues to foster a risk-averse environment, further bolstering gold's safe-haven allure. From a global economic perspective, developments in China also play a crucial role in determining gold's trajectory. The anticipated rate cut by the People's Bank of China (PBoC), coupled with proactive measures to stimulate economic growth, is likely to support gold demand as a hedge against potential currency depreciation. Moreover, the Chinese government's commitment to fostering consumption growth through ultra-long treasury bond financing signals continued support for economic expansion, indirectly benefiting gold demand. Upcoming macroeconomic events in the United States will be pivotal in determining short-term price action for gold. The U.S. Non-Farm Payrolls report is expected to provide critical insights into the labor market's health. A stronger-than-expected report could strengthen the US dollar, potentially capping gold's gains. Conversely, a weaker report may reinforce gold's appeal as a safe-haven asset. Additionally, the U.S. CPI release will offer further clarity on inflation trends, a key factor influencing the Federal Reserve's monetary policy stance. Higher-than-expected inflation could prompt the Fed to adopt more restrictive measures, applying downward pressure on gold, while softer inflation data may provide a supportive environment for continued bullish momentum. In terms of market positioning, traders are advised to adopt a cautious approach in the short term, given the potential for heightened volatility surrounding key economic data releases. A hold rating is prudent for the next month, pending further clarity on macroeconomic conditions. In the medium term, a buy rating is justified, supported by ongoing geopolitical risks, persistent inflation concerns, and central bank gold purchases aimed at diversifying reserves. Over the long term, gold remains an attractive asset, with analysts projecting a 15% to 20% price appreciation over the next five years, driven by structural economic challenges and sustained demand for safe-haven investments.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
Analysis of USD/JPY (Hourly Chart)The USD/JPY pair is currently trading near a critical zone, indicating potential for a strong movement. The price has been consolidating near the 157.00 level, which serves as a key psychological zone. Based on the recent price action and support/resistance levels, there are two plausible scenarios: continuation of the uptrend or a reversal toward lower levels. Key Levels to Watch: Resistance Levels: First resistance: 157.50 Second resistance: 158.00 Major resistance: 158.50 Support Levels: First support: 156.50 Second support: 155.50 Major support: 154.50 Potential Scenarios: 1. Bullish Scenario (Buy): If the price breaks above 157.50 and consolidates, it may indicate the continuation of the uptrend. Entry: Wait for a clear breakout above 157.50. Targets: Target 1: 158.00 Target 2: 158.50 Stop-Loss: Place the stop-loss below 156.70 to protect against unexpected reversals. 2. Bearish Scenario (Sell): If the price falls below 156.50 and closes under this level, a downward correction or trend reversal may be in play. Entry: Enter short positions if the price breaks and consolidates below 156.50. Targets: Target 1: 155.50 Target 2: 154.50 Stop-Loss: Place the stop-loss above 157.00 to limit potential losses. Technical Indicators to Monitor: RSI (Relative Strength Index): RSI hovering around the 50-60 range may indicate potential bullish momentum if it moves higher. Conversely, a drop below 50 could signal bearish pressure. Moving Averages (MA): Watch for the 50-period MA crossing above or below the 200-period MA for trend confirmation. Summary: At the moment, the market sentiment appears bullish, but the lack of strong movement suggests caution. Traders should monitor the 157.50 resistance level closely for confirmation of a breakout, while also keeping an eye on the 156.50 support level for potential bearish setups.
by MD-Priceaction
USD/JPY: After Testing 158.07, Ready for a Bearish Move?The analysis of the USD/JPY exchange rate reflects a complex combination of macroeconomic, monetary, and geopolitical factors influencing the pair's performance. During the Asian session on January 3, 2025, USD/JPY dropped toward 157.00, highlighting bearish pressure driven by a deterioration in risk sentiment and weak Chinese PMI data, which increased demand for the Japanese yen as a safe-haven currency. Reduced activity due to Japanese holidays amplified exchange rate movements. Nonetheless, Japan’s December manufacturing PMI showed a marginal improvement to 49.6 from November’s 49.0, although it remained in contraction territory for the sixth consecutive month. Recent dynamics have been influenced by declining U.S. Treasury yields, with the 10-year yield at 4.62% and the 2-year yield at 4.32%, temporarily weakening the U.S. dollar. However, the greenback’s resilience is supported by expectations of fewer rate cuts by the Federal Reserve in 2025. The DXY remains near 108.00, reflecting the dollar's intrinsic strength, further corroborated by solid U.S. economic data and persistently high inflation, with Tokyo's CPI rising to 3.0% year-over-year in December. In Japan, the government and the Bank of Japan (BoJ) maintain a cautious stance. The BoJ has emphasized that potential adjustments to monetary policy will depend on wage dynamics and inflation, which is expected to approach the 2% target in 2025. While the minutes of the latest meeting left room for gradual rate hikes, the likelihood of significant actions in the short term appears limited. This strengthens the expectation that the interest rate differential will continue to favor the dollar over the yen in the medium term. The global geopolitical and macroeconomic context also adds to uncertainty. Recent statements from Japan’s Finance Minister expressing concerns over unilateral and sharp currency market moves suggest potential FX interventions in the event of further yen depreciation. However, such interventions would likely have only a temporary impact, given that structural monetary policy dynamics remain favorable to the dollar. Investors are closely monitoring upcoming macroeconomic events, including U.S. Non-Farm Payrolls (January 10, 2025), which could confirm further strengthening of the U.S. labor market, and the U.S. CPI release (January 15, 2025), which will provide insights into the Fed’s future monetary policy trajectory. The BoJ’s monetary policy meeting is another key event, as any signal of monetary normalization could trigger yen strengthening. In the short term, the pair is expected to remain near current levels, with a potential test of the 158.07 resistance. In the medium term, the trend remains bullish, supported by the interest rate differential and the strength of the U.S. economy. In the long term, however, potential economic reforms in Japan and global monetary policy normalization could reduce the dollar's appeal against the yen, pushing the exchange rate lower.
Short
by Forex48_TradingAcademy
1
USD/JPY SELL SET UP!USD/JPY Sell Set-Up I have identified good levels for a short-term sell on USD/JPY with a favorable risk/reward ratio. The current market structure suggests a potential move downward, making this setup ideal for traders looking for short opportunities. 🔑 Key points to keep in mind: Always use a stop loss to manage risk effectively. Ensure your position size aligns with your trading plan and risk management strategy. Wishing everyone good luck and successful trades!
Short
by MoneyMavenFX
A December to forget for the yenAs the global markets reopen have the New Years' Day, Japanese markets are closed for a holiday. It's a very light economic calendar today, with no Japanese releases and only one US tier event - unemployment claims. In the European session, USD/JPY is currently trading at 157.12, down 0.12% on the day. We can expect a quiet day for the yen. December was absolutely dismal for the yen, which lost which plunged 11% against the US dollar. On Tuesday, the yen dropped to 158.07 per dollar, its lowest level since early July. Investors are nervous that Tokyo could intervene in the currency markets in order to stem the yen's sharp drop. Is the 160 level the red line in the sand for Japanese authorities? Earlier in the week, Japan's Manufacturing PMI was revised to 49.6, up from 49.5 in the initial estimate and above the November reading of 49.0. This marked the sixth straight deceleration in manufacturing activity but was the highest level since September. Manufacturers' sentiment was relatively strong, with optimism for improvement in the semiconductor and auto markets, which have been hit hard over the past several months. The Bank of Japan doesn't typically telegraph its intentions to the market. One reason is the central bank doesn't want to tip its hand to speculators, who are looking to cash in on the yen's sharp swings. The BoJ summary of opinions from the December meeting provide some insights, as the summary indicated that some Bank policymakers are leaning toward a rate hike in the near future. The summary showed that there is a split among the nine-member board over rate policy. The hawkish members argued that conditions are falling into place as inflation is steady and the yen is sliding lower. The doves countered that wage growth is lagging behind inflation. Governor Ueda could be the decisive vote and investors will be following his every word right up to the January 24 meeting. There is resistance at 157.38 and 158.09 USD/JPY tested support at 156.70 earlier. Below, there is support at 155.59
by OANDA
USDJPY SELL | Idea Trading AnalysisUSDJPY is moving to the upper boundary of the ascending channel. The volatility of the movement has decreased. The price has reached the resistance level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short
by TheGrove
3
USD/JPY H4 | Falling to multi-swing-low supportUSD/JPY is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 156.07 which is a multi-swing-low support that aligns with the 23.6% Fibonacci retracement. Stop loss is at 154.30 which is a level that sits under an overlap support and the 38.2% Fibonacci retracement. Take profit is at 158.03 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
Fundamental Market Analysis for January 02, 2025 USDJPYThe USD/JPY exchange rate rose to 157.300 in the early hours of Asian trading on Thursday.Expectations that US interest rates will remain elevated for a long time are boosting the US Dollar (USD) against the Japanese Yen (JPY).Markets in Japan are closed for the rest of the week.On Friday, we will be keeping a close eye on the S&P Global US Manufacturing Activity Index for December. Traders are currently digesting the Federal Reserve's (Fed) decision to cut rates by a quarter point at its December meeting, which was characterised by a hawkish sentiment. Analysts are anticipating that some of Trump's policy proposals, including tariffs, could potentially lead to higher inflation. However, Fed Chairman Jerome Powell has stated that it is too early to predict this, emphasising that the central bank will proceed with caution regarding further rate cuts.The significant difference in interest rates between the US and Japan is likely to provide a favourable tailwind for the pair in the near term. Bank of Japan (BOJ) Governor Kazuo Ueda stated last week that the central bank anticipates the Japanese economy will move closer to achieving its 2% inflation target sustainably this year.The BOJ is scheduled to release its quarterly report on the regional economy next week, which is likely to include an assessment of wage increases across the country. This report may provide insights into the BOJ's subsequent policy decision on 24 January. Meanwhile, verbal intervention by Japanese authorities may help limit the JPY's losses, with Japanese Finance Minister Katsunobu Kato noting on Friday that the official will take appropriate measures against excessive currency fluctuations. Trade recommendation: We follow the level of 157.000, if it is fixed above we consider Buy positions, if it bounces back we consider Sell positions.
by Fresh-Forexcast2004
USD JPY signal USD/JPY extends its losses for the third consecutive session on New Year’s Eve, trading around 156.20 during early European hours on Tuesday. However, the Japanese Yen (JPY) is headed for a decline of over 10% in 2024, marking its fourth straight year of weakening against the US Dollar (USD) On the upside, the USD/JPY pair may retest its monthly high of 158.08, reached on December 26. A decisive break above this level could pave the way for further gains, with the pair potentially targeting the ascending channel’s upper boundary near 160.60. Confirm signal USD JPY signal Follow my chart The immediate support lies at the nine-day Exponential Moving Average (EMA) around 156.79, closely aligned with the ascending channel's lower boundary near 156.50.
Long
by JohnHarry_7
USD/JPY: What's Changing at Year-End?Hello, dear friends! As the year comes to a close, USD/JPY has shown significant movement, reversing course and dropping below the 157.00 mark. This late-year shift comes as market participants prepare for midweek closures and reduced activity around the New Year holiday. Despite lighter trading volumes, price action remains dynamic, signaling potential shifts in the trend. Technically, USD/JPY has failed to maintain its position within the parallel ascending channel, suggesting the emergence of a new trend. A key level to watch now is the immediate support at 156.03. The critical question is whether this support will hold and for how long. Looking at the bigger picture, sustained consolidation below the broken channel could lead to a move toward lower targets, as indicated on the 4-hour chart. If you find this idea insightful, don’t forget to leave your thoughts in the comments below and share it with your network. Your support gives me immense motivation to continue sharing valuable experiences and strategies in the forex market. Let's conquer this journey together!
Short
by Bentradegold
Could the price drop from here?USD/JPY is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 157.82 Why we like it: There is a pullback resistance level. Stop loss: 158.89 Why we like it: There is a resistance level at the 138.2% Fibonacci extension. Take profit: 155.83 Why we like it: There is an overlap 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