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Usdjpyanalysis

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
USD/JPY: Japanese Yen retests the psychological threshold of 150Finance Minister Shunichi Suzuki said Thursday that authorities were closely monitoring current developments and warned investors not to sell the yen. The Bank of Japan's ultra-easy monetary policy is putting pressure on the Japanese yen as other central banks tighten policy at an unprecedented pace to curb inflation. Rising government bond yields and global inflation have pushed up Japanese government bond yields, putting pressure on the Bank of Japan to adjust its yield curve control (YCC) policy. The Bank of Japan has been adjusting its YCC policy for several months, and this may continue at next week's meeting.
Short
by Chart_MasterPro
Alert: Yen's Weakening Against Dollar Raises Intervention Risk Over the past few weeks, we have observed a steady decline in the value of the yen against the dollar. This trend has raised serious concerns about the possibility of intervention by the Japanese government or central bank. As traders, it is essential that we consider the potential implications of such intervention and take appropriate action to safeguard our positions. Given the current state of affairs, I strongly urge you to consider going long on the yen. However, it is equally important to remain cautious and closely monitor any signs of intervention by Japanese authorities. The intervention risk is real and could significantly impact the yen's value in the market. To ensure you make informed decisions, I encourage you to keep a close eye on key economic indicators, news releases, and any statements from Japanese policymakers. Additionally, staying updated on market sentiment and expert analysis will be invaluable in navigating this uncertain landscape. As we move forward, let us remember that risk management is of utmost importance. While there may be opportunities to profit from the yen's weakening, it is crucial to have a well-defined risk management strategy in place. This will help protect your investments and mitigate potential losses in case of unexpected market movements. In conclusion, I want to emphasize the importance of being proactive and prepared in these challenging times. By going long on the yen while remaining vigilant for potential intervention, we can position ourselves strategically to take advantage of market opportunities while minimizing risks. Should you have any questions or concerns, please do not hesitate to comment below. Let us support each other and collectively navigate through this period of uncertainty.
Long
by bryandowningqln
USDJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY 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💰
Long
by TheGrove
6
USDJPY 4H :Outlook USDJPY New forecast The USD/JPY pair shows slight negative trading at the opening of the day, putting pressure on the 50 moving average, providing signs of a possible shift in the trend to the downside. The conflict between technical factors makes us prefer to stay neutral until the price confirms its position regarding the 149.40 level, noting that confirming its break will pressure the price to decline towards 148.35 as main negative targets, while consolidation above it will reactivate the positive scenario that targets 150.00 and then 151.00 levels as stops. Next main. The expect range trading for today it will between resistance line 150.00 and support line 149.40 . Additionally ,Today News will affect the market . support line : 149.40 , 148.89 resistance line : 150.00 , 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 ❤️
by Arazmajeed
BluetonaFX - USDJPY Cannot Break 150Hi Traders! USDJPY is struggling to break the psychological 150 level, and there might be a possibility of the US dollar slowing down due to strong data coming out of Europe.   Price Action 📊 The market has reached the psychological level of 150 and has been trying to break the level for the past three weeks without any success. The market may have run out of buyers and may need new waves of buyers to enter the market, which may provide short-term selling opportunities. Fundamental Analysis 📰 The US dollar continues to trade strongly amid rising yields and escalating tensions in the Middle East, after US Federal Reserve Chair Jerome Powell stopped short of hinting that US interest rates have peaked. Strong data has started to come out of Europe with better-than-expected Flash PMIs across the EU and the UK.   Support 📉 145.073: PREVIOUS RANGE ZONE RESISTANCE Resistance 📈 150.000: PSYCHOLOGICAL LEVEL 151.946: APEX LEVEL Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
6
USDJPY back to 150. Is this a positive signal for investorsUSDJPY touched 150.eleven early withinside the Asian consultation earlier than falling barely because the USD got here below strain from options-pushed selling. The pair is presently buying and selling round 149.93. Investors are carefully downplaying JPY because of the chance of presidency intervention. Finance Minister Shunichi Suzuki stated closing week it became critical to have balance withinside the forex marketplace and that volatility ought to mirror essential analysis. Yukio Ishizuki, senior currency strategist at Daiwa Securities (Tokyo), said, ``The US dollar/yen pair broke through the 150 mark during a period of low liquidity, probably due to the influence of speculators.'' Concerns will limit upside. People will continue to be nervous. ” Fukuhiro Ezawa, head of Tokyo Financial Markets at Standard Chartered Bank, said, ``The rapid fall of USD/JPY from 150 is a sign that algorithmic funds are increasing their sell orders due to concerns about interference.'' The large interest rate differential with the United States is the cause of the weak yen, and the yield on 10-year U.S. bonds is 4.96%, nearly six times higher than the yield on Japanese government bonds with the same maturity (0.835%). Differences in monetary policy exacerbate the situation. The Bank of Japan said it will continue to maintain supportive policies to achieve a stable and sustainable 2% inflation target. Investors continue to monitor geopolitical tensions in the Middle East as they await the Bank of Japan's monetary policy meeting on October 30-31. Investors also welcomed a Nikkei report that Bank of Japan officials are considering whether to adjust its yield curve control program as domestic long-term interest rates rise in line with the U.S.. The source of the information was not identified in the report.
Long
by NicoTradingMaster
USDJPY 4H : Uptrend above 150.00USDJPY New forecast The narrow range dominates the trading of the dollar pair against the yen, which is trying to crawl towards our first awaited target at 150.00. Therefore, there is no change in the expected bullish trend scenario in the immediate and short term, whose targets extend to 151.00 after crossing the previous level, with a reminder of the importance of stability above 149.40. To continue the expected rise. The expect range trading for today it will between resistance line 151.00 and support line 149.40 . support line : 149.40 ,149.24 resistance line : 150.00 , 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
11
USD/JPY Weekly Chart Analysis - Inching Toward a Bear ReversalUSD/JPY has refused to fall below the Weekly 9EMA since July 28th. However, we are inching closer to the previous high resistance of 152.000, so we should be cautious longing in the coming weeks. JPYX is also hovering around a support area in a descending wedge and has the potential to pullback to the upside, dragging USD/JPY down or at least, holding it back. The RSI is also in overbought territory which is *never* a reason on its own to reverse your position bias. But when we couple the RSI level with the following items, a reversal into a minor pullback seems likely: 1. The previous high of 152.000 is near. Given it was the point of the last reversal, expect some selling at this level. 2. We have had 12 consecutive candles above the 9EMA on the Weekly, we should expect a fall below the 9EMA in the next couple of weeks given how close the 152.000 resistance is. 3. JPYX is bouncing on the descending wedge and has probable potential to reverse to the upside, which would stall or drag USD/JPY down. 4. The Weekly bull bars are weak. They appear to be losing strength as we get closer to 152.000. 5. RSI on USD/JPY is overbought, which is a weak signal but a signal that supports the prior data in this list. At this moment, I would be zooming into the lower timeframes like the 15m and 1hr candles to look for good scalp entries and keep my position sizes a bit smaller than my maximum. The probability of reward over risk is lessening as we get closer to 152.000; be careful at this level. As always, trade at your own risk and you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
by TraderEngineering
USDJPY 4H :Still support further rise USDJPY New forecast The USD/JPY pair is showing quiet positive trading, gradually approaching our first awaited target at 150.00, and the 50 moving average continues to support the price from below, waiting to cross the aforementioned level to achieve additional gains up to 151.00. Therefore, we will continue to favor the upward trend for the coming period, keeping in mind that breaking 149.24 will stop the expected rise and put pressure on the price to turn lower. The expect range trading for today it will between resistance line 151.00 and support line 149.24 . Additionally ,Today News will affect the market . support line : 149.24 , 148.89 resistance line : 150.00 , 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 1H : Support further rise upUSDJPY New forecast The dollar pair against the yen has fluctuated within a narrow path in the past sessions, and stabilized above the moving average 50, which continues to support the price from below, waiting for the resumption of the upward wave targeting levels of 150.00 and then 151.00 as the next main stations. On the other hand, you should be aware that breaking 148.89 will stop the expected rise and force the price to turn lower. The expect range trading for today it will between resistance line 150.00 and support line 149.24 . Additionally ,Today News will affect the market . support line : 149.24 , 148.89 resistance line : 150.00 , 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
2
USD/JPY Breaks Records with Over 60 Trillion Traded Between Jan The USD/JPY has been making waves in the market, soaring to unprecedented heights, with over 60 trillion dollar traded between January and September. Can you believe it? This is a monumental achievement! As a seasoned trader, you understand the significance of such a phenomenal trading volume. The yen's remarkable performance is a testament to its strength and stability in these uncertain times. I can't help but feel a sense of optimism and enthusiasm, once again reminding me why I love being a part of this dynamic trading community. Given the yen's incredible performance, I encourage you to consider taking advantage of this exciting opportunity and going long on the yen. With a robust trading volume supporting it, the yen proves to be a promising investment choice for both experienced traders and newcomers alike. Ride the wave of success and embrace the potential it brings! Remember, success favors the brave, and with the yen's impressive trading volume, now is the perfect time to dive into the market and long USD/JPY. Embrace the joy of trading, make your moves wisely, and harness the power of this extraordinary market development. www.asia.nikkei.com
Long
by bryandowningqln