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Usdjpyanalysis

USDJPY: It cannot be said with certainty that a weak JPY has a nBank of Japan Governor Ueda said: It cannot be said that the weak yen will have a negative impact on the Japanese economy. A weaker yen promotes domestic inflation due to higher import costs. Weak yen has a positive impact on exports and profits of Japanese companies globally We do not comment on exchange rate fluctuations As we get closer to our inflation target, we will be discussing exit strategies and outlooks, including ETF purchases. The Bank of Japan has no concrete plans to sell ETFs. When we sell ETFs, we do so in a manner that minimizes market disruption and significant losses to the Bank of Japan's balance sheet.
Short
by Chart_MasterPro
1
Potential deeper pullbackFX:USDJPY retraces some of Wednesday’s 0.60% gains on Thursday due to overall US Dollar (USD) weakness amid a risk-off impulse. Worse than expected, fundamental data from Japan’s triggered flows toward safe-haven assets, boosting appetite toward the Japanese Yen (JPY). At the time of writing, the major trades at 150.61, virtually unchanged in the early Asian Friday session. According to the daily chart, the USD/JPY remains upward biased for the long term, but in the short term, the drop below the Tenkan-Sen at 150.92 could open the door for a deeper pullback, and test key support levels. The first support would be the Kijun-Sen at 150.32, before diving to the 150.00 psychological figure. The correction would extend further, once traders clear the latter, with intermediate support seen at the November 3 low of 149.18, before sliding toward the Senkou Span B level at 148.91. On the other hand, if USD/JPY buyers reclaim the Tenkan-Sen at 150.91, that would sponsor a leg-up above the 151.00 mark, opening the door to retesting the year-to-date (YTD) high at 151.91.
Short
by tradingconmike
USDJPY: Japan's Economic Minister warned that the global recessiStatement from Japan's Minister of Economy on the third quarter GDP report: It should be noted that the threat of global recession is depressing the Japanese economy Domestic demand, including consumption and investment funds, decreased significantly in the third quarter Personal consumption slumps due to rising prices Industrial production is under pressure due to rising raw material prices and reduced investment in construction and machinery. Consumption of services such as eating out continues to recover Concerns about the future of the Chinese economy need to be carefully monitored
Short
by Chart_MasterPro
USDJPY: Comments on USDJPY on November 14Yomiru: Japan plans to reduce taxes for businesses that increase wages A source from the Yomiuri website said that the Japanese Government is considering tax reductions for companies that increase wages by 8%. The Japanese government wants to encourage wage increases as part of its fight to promote sustained and stable inflation. If the wage increase is widely applied, it will create a premise for the BoJ's arguments around gradually reducing the level of monetary policy easing, thereby supporting JPY.
Long
by Chart_MasterPro
USDJPY → Moves on the upward trajectory toward 152.00 levelFX:USDJPY continues to move on the upward trajectory, trading around yearly highs at 151.70 during the European session on Monday. The USD/JPY pair eyes a potential ascent toward the major resistance at the psychological level of 152.00. This could materialize if the strength of the US Dollar (USD) gathers momentum, propelled by higher US Treasury bond yields and the hawkish comments from Federal Reserve (Fed) Chair Jerome Powell. The technical indicators paint an interesting picture for the USD/JPY pair. The 14-day Relative Strength Index (RSI) is positioned above the 50 level, indicating upward support. This signals a bullish momentum and reflects a robust market sentiment. With this, there's potential for the pair to advance toward the next barrier at the resistance level of 152.50. Adding to the positive outlook, the Moving Average Convergence Divergence (MACD) line is situated above the centerline and the signal line in the USD/JPY pair. This configuration suggests a stronger momentum and reflects a prevailing confidence in the market. On the flip side, the USD/JPY pair could meet the support at the 21-day Exponential Moving Average (EMA) at 150.35, followed by the 150.00 psychological level. A decisive break below the latter could push the pair to navigate the area around the 23.6% Fibonacci retracement at 148.40.
Long
by tradingconmike
USDJPY Long Term SELLING Trading IdeaHello Traders In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
USDJPY: Asian foreign exchange market calms down, US dollar recoMost Asian currencies fluctuated in a narrow range on Wednesday, but the dollar pared recent gains after some Federal Reserve officials warned against betting the central bank would stop raising interest rates. Expanded. This will focus attention on Fed Chairman Jerome Powell's upcoming speech as markets look for further signals on U.S. monetary policy. Sentiment towards Asian markets remains subdued as traders remain nervous about hawkish signals from the Federal Reserve. Signs of continued weakness in China's economy also have traders wary of regional markets. The Japanese yen fell 0.1%, remaining above 150 yen to the dollar, with dovish signals from the Bank of Japan and a strong dollar providing little support. The weak currency has traders bracing for possible foreign exchange market intervention by the Japanese government aimed at strengthening the yen. Japan's cabinet issued a series of verbal warnings against such moves in October.
Long
by Chart_MasterPro
Celebrate the Yen's Historic Low Against Euro and Dollar Picture this: the yen, once a mighty force in the currency market, is now presenting us with an incredible chance to capitalize on its current weakness. It's time to put on your trading hats and consider going long on the yen! Now, you might be wondering, "Why should I care about the yen's historic low?" Well, my fellow traders, let me break it down for you. A weaker yen means that it takes more yen to purchase the same amount of euros or dollars. This situation can lead to potentially lucrative opportunities for those who are willing to take action. Here's where the excitement builds up: by going long on the yen, you have the chance to profit from its potential recovery against the euro and the dollar. As the yen gradually strengthens, you can ride the wave and watch your profits grow. It's like catching a rising star in the currency sky! So, how can you seize this golden opportunity? Here are a few steps to get you started: 1. Conduct thorough research: Dive into the current market trends, analyze historical data, and keep an eye on any relevant news or economic indicators that may impact the yen's future performance. 2. Develop a trading strategy: Craft a well-thought-out plan that aligns with your risk appetite and trading goals. Consider factors such as entry and exit points, stop-loss orders, and profit targets to maximize your potential gains. 3. Stay informed: Continuously monitor the market and stay updated on any developments that may affect the yen's trajectory. Being aware of market sentiment and adapting your strategy accordingly will help you stay ahead of the game. 4. Utilize risk management tools: Remember, trading involves risks. Implement risk management techniques such as setting appropriate position sizes, using stop-loss orders, and diversifying your portfolio to protect your investments. 5. Seize the moment: When you feel confident in your analysis and strategy, take action! Execute your trades and keep a close eye on the yen's performance to make timely adjustments if needed. Remember, my fellow traders, fortune favors the bold! The yen's historic low against the euro and the dollar presents a unique opportunity for those who are willing to take action and ride the potential wave of yen appreciation. So, let's embrace this exciting moment and make the most of it!
by bryandowningqln
USDJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL . GOOD LUCK! 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
6
USDJPY FAKEOUTS AGAIN?Hello Fellow traders, The previous idea just made 130pips and price goes back on our entry and test the previous october 2022 highs. If you just see the candle on a Daily . looks like a fakeouts or just a dummy candle being created. just only my observations about those candle. NOt expecting too much low or highs, but im expecting the previous high of october 2022 must clear. my ideas are far or too broad on market movements. Lets see how this things worksout. we might see 145 or we test the Highs! This is not a financial advice.
Long
by D1GITALTRADES
5