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Usdjpyanalysis

USD/JPY bulls eye a move to 150Trading conditions have been choppy over the past week and a half for currency traders whilst the US dollar index has remained trapped between its 50 and 20-day EMAs. But USD/JPY shows the most promise for a breakout, which we suspect could be to the upside. A false break below 147 last week suggests the corrective low could be in, and a 3-day bullish reversal (Morning Star pattern) hints of an upside breakout from its consolidation. The 10-day EMA is also providing support on the daily chart. From here, we're looking for dips within the bullish pattern and ideally for prices to hold above the 10-day EMA to initiate a long. Whilst prices remain above last week's low, the bias is for a move to the 149.58 - 150 zone.
Long
by CityIndex
USDJPY M30 / Bullish Move Forecast 💲Hello Traders! This is my idea related to USDJPY M30. I expect a continuation of the bullish trend and I will look for a long entry on USDJPY. We have a very strong bullish move and I want to see a retracement at the FIB 50% level. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
USDJPY | Perspective for the new week | Follow-upThe Tokyo Consumer Price Index (CPI) for January witnessed a deceleration in Japan's national capital, dropping to 1.6% from the previous reading of 2.4%. This marks the first time in almost two years that consumer inflation has fallen below the Bank of Japan's (BoJ) 2.0% target. Additionally, the Core CPI (YoY) experienced a decline from 3.5% to 3.1%. The Bank of Japan's December meeting minutes shed light on the monetary policy outlook and Yield Curve Control (YCC). Members of the BoJ Board expressed a consensus in favor of "patiently maintaining an easy policy." Several emphasized the need to observe a positive wage inflation cycle before contemplating the cessation of negative rates and YCC. BoJ Governor Kazuo Ueda reaffirmed a strong commitment to achieving the 2.0% inflation target. His statements hinted at a potential gradual reduction of extensive stimulus measures in the future, aligning with the central bank's objectives for inflation and economic stability. On the flip side, the USD is experiencing a recovery driven by market adjustments in response to the Federal Reserve's (Fed) rate cut expectations. Despite soft Personal Consumption Expenditures (PCE) figures from the US in December, which didn't significantly impact market expectations on the upcoming Fed meeting, there is speculation about a delay in the easing cycle from March to May. However, the Fed's tone in the upcoming meeting could alter these expectations. Given these recent developments, how should we navigate the current market conditions? USDJPY Technical Analysis: As discussed in the video, the recent upward momentum is showing signs of easing, leaving room for a possible USD pullback. However, for a confirmed uptrend continuation, we need to see sustained trading above 148.800. Our detailed technical analysis focused on the current bullish market structure, with particular attention to the crucial level of 148.800, set as a pivotal point for the upcoming week. This level gains significance as a potential catalyst for a clear uptrend if buying pressure persists. The market's response to this level at the beginning of the new week will strongly influence the direction of price action in the days ahead. Join me in exploring potential trading opportunities using trendlines, key levels, and chart patterns. Stay connected to my channel, follow updates, and actively participate in the comment section as we navigate the dynamic USDJPY market together. Wishing you success as you navigate the USDJPY market this week! #USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
2
USDJPY → Bull Trend Over! Short to 145.000? Short Answer, Yes!USDJPY completed its third leg up in this bull trend then failed to break the Resistance Zone on a second attempt, creating a double top reversal pattern. It followed by breaking the Bull Trend Support line. Should we short? How do we trade this? 🤔 We have three legs up, failed to break the Resistance Zone on the third leg, then a second attempt, followed by a strong close below the Bull Trend Support line, which is right on the 4HR 30EMA. This is an ideal time to short. Entering a 1:2 Risk/Reward trade with a 1:1 Take Profit target for half of my position. Once the first take profit is hit, the stop loss moves up to the entry price to lock in profits. The second half will be held to the second take profit of 145.515 or if there is a major reversal signal that is clear. This analysis works directly off my last one, reference here: 💡 Trade Idea 💡 Short Entry: 147.207 🟥 Stop Loss: 148.055 ✅ Take Profit #1: 146.355 ✅ Take Profit #2: 145.515 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Double Top Reversal after the third leg up in a bull channel 2. Near a Resistance Zone 3. Broke the Bull Trend Line 4. Gap to 4HR 200EMA and Support Zone 5. RSI at 38.00 and Below the Moving Average Supports a slight pullback and then fall. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Short
by TraderEngineering
1
USDJPY: The dollar was little changed before the European sessioVolatility among major currencies was relatively mild ahead of today's European session. The Australian dollar edged up slightly, building on yesterday's sharp recovery during the US session. Notably, AUD/USD bounced off the December low and 100-day moving average at 0.6525-30 but is now returning to its previous accumulation phase near 0.6600 USD/JPY fell to a more than two-week low and tested the 146.00 level yesterday. That comes after Treasury yields fell sharply again, which made things more complicated this week. There are no data of note on the economic calendar in Europe today. Thus, all focus and attention will be on the upcoming US employment report.
Long
by Chart_MasterPro
USDJPY→ Day Analysis | Sell SetupHello Traders, here is the full analysis. Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
3
USDJPY - Short term downside ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here I expect bearish price action for short term as price filled the imbalance and rejected from bearish order block M30. My target is liquidity below equal lows and institutional big figure 147.000. Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
USDJPY Trade of the monthWhen i say that patience is the key, this is exactly what i mean. USDJPY was a trade of patience. It try multiple times to be bullish, but i was pretty sure that 148.5 was the top. I was lucky to catch the exact top with my first trade, honestly i was expecting a little upside moves. The second trade was placed on retest, and both trade are now close to the target. I think we will see more sell pressure, and there are good chance to reach 145.75 first and 143.5 next.
Short
by SaliJournal
USDJPY SELL BOJ INTRESET RATES AHEAD!!!HELLO TRADERS I am looking USDJPY chart and its now consolidation & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term deposit rate to minus 0.1% over the past seven years, Governor Kazuo Ueda told a newspaper interview earlier this month the BOJ might get enough data by year-end to judge whether it could end negative rates, prompting traders to buy the yen to hedge against a possible earlier-than-expected rate hike. While it has bounced back in the last couple of trading sessions due to some “bargain hunting” amid oversold conditions, the downside may not be done just yet. it's just a trade idea friends share your thoughts with us it helps us all. STAY TUNED for more updates.
Short
by APEX_TRADING_ACADMEY
USDJPY: The 10-year Japanese government bond yield could reach 2CEO of asset management fund Eurizon SLJ Capital, Mr. Stephen Jen, said that the USDJPY exchange rate could fall to 1 USD for 130 Yen by the end of this year, while the yield on Japanese government bonds with a term of 10 year is likely to increase by 1.5% - 2%. USDJPY traded around 148.10 and the 10-year bond yield was at 0.71% on January 29. According to Stephen Jen, the father of the Laughing Dollar theory, Governor Kazuo Ueda's focus in the near future is to reset monetary policy "to allow the BoJ to act without bursting the government bond bubble (JGB )”.
Short
by Chart_MasterPro
USDJPY | Perspective for the new week | Follow-upUSD/JPY appears to encounter resistance around 148.80 over the last three days, with fading bets on a Fed rate cut. While bullish sentiments persist, the bulls take a breather, gearing up for potential momentum next week, pending the Bank of Japan's (BoJ) monetary policy hints. On the USD front, resilience continues fueled by recovering US yields and positive University of Michigan (UoM) Consumer Sentiment data, providing the Greenback an additional boost. Eyes are on December's Personal Consumption Expenditures (PCE) figures, the Fed's preferred gauge of inflation, influencing market bets for upcoming decisions. Despite some easing in dovish expectations this week, the odds of cuts in March and May, according to the CME FedWatch Tool, remain at around 50% and 45%, respectively. USDJPY Technical Analysis: As discussed in the video, the recent upward momentum is showing signs of easing, leaving room for a possible USD pullback. However, for a confirmed uptrend continuation, we need to see sustained trading above 148.800. Our detailed technical analysis focused on the current bullish market structure, with particular attention to the crucial level of 148.800, set as a pivotal point for the upcoming week. This level gains significance as a potential catalyst for a clear uptrend if buying pressure persists. The market's response to this level at the beginning of the new week will strongly influence the direction of price action in the days ahead. Join me in exploring potential trading opportunities using trendlines, key levels, and chart patterns. Stay connected to my channel, follow updates, and actively participate in the comment section as we navigate the dynamic USDJPY market together. Wishing you success as you navigate the USDJPY market this week! #USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
6
USDJPY: The foreign exchange market is quiet, the USD is stable Most Asian currencies stayed narrow on Wednesday, while the dollar steadied near a six-week high as markets awaited further signals on when the Federal Reserve might start cutting interest rates. The Australian dollar fell 0.1%, even as January PMI data showed some improvement in manufacturing and services activity. The Aussie, often seen as an indicator of broader risk appetite for Asian markets, is also trading near a seven-week low. USD steadies near 6-week high with econ. data, Fed meeting underway The dollar index and dollar index futures both fell 0.1% in Asian trading after rising to their highest since early December in the previous session. The greenback marked a strong start to 2024 as strong inflation and labor market data showed traders had largely tempered expectations for an early Fed rate cut. This perception has been exacerbated by a series of hawkish comments from Fed officials over the past week. The focus now turns to fourth-quarter gross domestic product data, due on Thursday, and PCE price index data - the Fed's preferred inflation gauge - due on Friday. Any sign of recovery in economic growth and inflation gives the Fed more incentive to keep interest rates higher for longer. The readings also come just days before the Fed's first meeting of 2024, where the bank is widely expected to maintain interest rates at a 23-year high. But the Fed is still expected to start cutting interest rates this year, which will keep traders watching for any such signals from the meeting.
Long
by Chart_MasterPro
1