Get started

Usdjpyanalysis

USDJPY: Today's (November 3) USD exchange rate: Following the...The US dollar kept falling during the most recent trading session as traders gambled that the US Federal Reserve (Fed) had finished tightening its monetary policy and decided to hold interest rates steady. As a result, the Fed resolved at its policy meeting in November to maintain current interest rates while assessing the financial landscape to gauge its capacity to contain inflation. Fed funds futures indicate that there is less than 20% likelihood that the Fed will raise interest rates in December, but investors continue to support the belief that US interest rates have peaked. Stocks have recovered as a result of that viewpoint increasing investors' risk appetite. The dollar weakened 0.3% versus the Japanese yen to 150.44, retreating from this week's one-year high
Long
by TrategySherpa
USDJPY 4H : New forecast USDJPY New forecast The USD/JPY pair bounced significantly after testing the 151.00 areas, breaking the support of the ascending channel and starting a downward correction. Therefore we expect the correction is end and upward trend scenario will be more likely supported by moving average 50 and Breaking 150.46 and stabilized above it will make it easier for the price to achieve the suggested target began 151.00 and extend to 151.50, taking into account that stabilized under 150.00 will end the bullish waves and put the price under sell pressure . The expect range trading for today it will between resistance line 151.00 and support line 150.00. Additionally ,Today News will affect the market . support line : 150.00 , 149.41 resistance line : 150.46 , 151.00 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
USDJPY 4H :Support further rise USDJPY New forecast The dollar/yen pair rose strongly to cross and settle above the 151.00 barrier, reinforcing expectations that the upward trend will continue to dominate in the long term, paving the way for additional gains of up to 152.50. Therefore the upward scenario will be remain valid and affective supported by moving average 50 that is continues to support the price to rise up but the current negativity may cause some temporary sideways fluctuation before resuming the proposed rise, so may the price try to do negative correction to 151.00 and then rise up,taking into account that the upward trend which will remain in place provided that the price maintains its stability above the 150.46 level. The expect range trading for today it will between resistance line 151.76 and support line 151.00. Additionally ,Today News will affect the market . support line : 151.00 , 150.46 resistance line : 151.50 , 152.50 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
28
JPY plummeted with bad newsThe Bank of Japan adjusted monetary policy, the Yen suddenly plummeted According to results from the Bank of Japan's two-day meeting, the bank's Policy Committee allowed 10-year bond yields to exceed 1%, considering this level as an upper threshold instead of a ceiling. hard and remove the commitment to protect this ceiling by buying bonds with unlimited volume. Short-term interest rates are set at -0.1%, while 10-year bond yields are at around 0% under yield curve control, as is the current policy. The above decision shows that rising global bond yields and persistently high inflation are making it more difficult for the Bank of Japan to maintain its yield curve control policy.
Long
by D-Venn
1
USDJPY: The Japanese Yen continues to fall sharply as Tokyo With the EUR/JPY exchange rate at 160.80, the 2008 peak, and the USD/JPY exchange rate at 150.75, the yen is continuing its downward spiral to a new low throughout the day. This occurred when Tokyo dispelled any rumors that it was still protecting the price by confirming that it did not interfere in the currency markets in October. The BOJ doesn't seem to be planning to become involved in the yen today, therefore it looks like the currency will perform as expected. Tokyo's attempts to defend its currency could backfire given all of the BOJ's recent dovish actions.
Short
by TrategySherpa
Yen Weakens against Dollar as BOJ Adjusts Monetary PolicyThe Japanese yen weakened beyond 151 against the mighty dollar, thanks to the Bank of Japan's (BOJ) recent adjustments to its monetary policy. The winds of change are blowing in our favor, and it's time to seize this moment and take action! By going long on USDJPY, we can potentially capitalize on this favorable market trend and secure significant gains. The BOJ's limited adjustments to their monetary policy have created a fertile ground for us to explore and maximize our profits. Why should you consider going long on USDJPY, you ask? Well, let me break it down for you: 1. BOJ's Monetary Policy Adjustments: The BOJ's recent tweaks to their monetary policy indicate a shift towards a more accommodative stance, which typically leads to a weaker yen. With the yen already breaching the 151 mark against the dollar, this provides an excellent opportunity to ride the wave of yen depreciation. 2. Favorable Dollar Strength: The US dollar has been flexing its muscles lately, exhibiting strength against various major currencies. By pairing it with the weakened yen, we have a powerful combination that can potentially amplify our gains. 3. Potential for Increased Volatility: As the yen weakens and the market reacts to the BOJ's policy adjustments, we can expect increased volatility in the USDJPY pair. For experienced traders like us, volatility often translates into profitable opportunities. Now, it's time for action! Take advantage of this exciting market development and consider going long on USDJPY. Remember, the key to success lies in seizing opportunities when they arise, and this is undoubtedly one of those moments. As always, remember to conduct thorough research, employ proper risk management strategies, and consult with your trusted financial advisor or broker before making any trading decisions. Wishing you fruitful trades and a prosperous journey in the forex market! Ready to ride the wave of yen depreciation? Don't miss out on this incredible opportunity! Take action now and go long on USDJPY to potentially maximize your profits. Remember, the forex market waits for no one, so seize the moment and make your move today!
Long
by bryandowningqln
USDJPYThe USD/JPY pair encountered downward pressure yesterday, dropping to the 148.807 level before reversing its direction upwards, hitting the uptrend line and consolidating above the resistance line at 149.315. This suggests that the market is likely to sustain an upward trajectory. Sustaining trade above this level is expected to serve as a driving force for the price to reach 150.426. However, if the price breaks below 149.315, it may halt the upward movement and gradually initiate a bearish trend.
Long
by HUMCRYPTOCLUB
USDJPY: Yen appreciates ahead of BOJ meetingWith the yen weaker than it was last week when it reached a one-year high of 150.78, USD/JPY dropped 0.1% to 149.50. The focus will be on the BOJ meeting's conclusion on Tuesday, when it is anticipated that the central bank would make additional announcements regarding its policy to manage the yield curve. High rates of inflation and the sharp fall in the value of the Yen are problems facing this product. A revival of Japanese consumer inflation is indicated by recent data, and this could lead the Bank of Japan to announce plans to tighten its incredibly lax policy.
Long
by TrategySherpa
USDJPY: Asian foreign exchange little changed; Central banks areWith the Japanese Yen stable below 150, BOJ is the main focus. Monday saw a small increase in the value of the Japanese yen, which last week dropped to a one-year low and is now trading below 150. With high inflation and a badly weakened economy, the spotlight is firmly on the outcome of the BOJ meeting on Tuesday, when the central bank is expected to likely announce more adjustments to its yield curve management program. A rebound in consumer inflation in Japan was seen in recent statistics, which traders speculated would force the BOJ to revert its ultra-loose policy. The bank's negative interest rate policy is expected to terminate in 2024, according to analysts. The yen, which is among the worst-performing Asian currencies this year, stands to gain from any tightening measures taken by the BOJ.
Long
by TrategySherpa
USDJPY Shorts to 146.800My bias for this pair is very much so bullish due to the fact that price has entered the last (8hr) supply zone of the chart. Not only has it swept so much liquidity, but the initial rejection ended up causing a change of character to the downside on the 4hr time frame. As we can clearly see wyckoff distribution play out, there have been nice POI's left for us to enter sell positions from, like the 15min unmitigated supply at the top or the 17hr supply zone just underneath. We will wait for the pullback to come back to these areas to re-distribute on the lower time frame in order for us to get the most premium price to sell at which will maximise our risk to reward ratio. Ideally we would also wait for the asian high to get swept first at 150.420 before looking at entries, as there will be no more reversal magnets against our trade. Our sells will then be in a very good position for price to just melt down. Scenario B is that USDJPY will end up making new highs and break the POI's marked out. This would be expected when the current pull back comes and fails all the supply zones at the top to take out the ATH's (All time highs of the market.) However, even then we will also expect a bearish trend to form once price decides to sweep ATH's as that is also a strong form of liquidity. My confluences for USDJPY shorts are as follows: - Price has tapped into the last 8hr supply zone of the market that also caused a change of character on the 4hr. - Liquidity has also been swept inside the zone from the upthrust distribution and has now left valid POI's - Once the asian high gets taken there will been reversal magnets against our sell bias. - Lots of liquidity to the downside to target as take profit targets i.e. Trendlines, equal lows, untouched asian lows and long wicks to fill. - There is also a 15hr demand zone at the bottom that price needs to eventually mitigate. P.S. There is also a 3hr supply POI underneath the asian high that it could react off but I would like to see a clear CHOCH and maybe even a break of structure to validate the hold of that supply. As we have identified both feasible scenarios, we can now prepare for the markets price action to play out and make our moves from there. But we must remain adaptive at all costs and know either could occur in this markets forecast.
Short
by Hassan_fx
1
USDJPY BUYING FROM SUPPORT HELLO TRADERS,,, As i can see USDJPY is moving all time HIGHER on 4HR and daily TF but still it had not tested the last weekly horizontal support so i am expecting a drop on this pair on smaller Time Frames to test support zone & then we can enter to buying this pair with very low risk and higher rewards on bigger TF it is showing something big pictures whats Ur thoughts and ideas on this pair we appreciate Ur love and support it help alote of traders community Stay tuned for more updates
Long
by APEX_TRADING_ACADMEY