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Usdjpyanalysis

USDJPYI normally don't trade UJ however for the benefit of those who do, thanks to a friend's request to take a look and share my thoughts, here is what I would normally look for, a break above the 139.134 zone and a retest of same area, will set the pair up for a nice long position. A break below the 137.296 area and its retest, will set the pair up for a short. For now, fingers crossed. I may not give updates on this pair as it is not on my favored trading list ;-) Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results
by Mbjoey
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn the previous week, we witnessed a remarkable 4.6% surge in the Japanese yen, propelling it to a two-month high against the greenback. However, as Friday's trading session unfolded, the U.S. dollar began to edge higher, with traders factoring in the potential end of the Federal Reserve's rate hike cycle amid easing inflation. Softer-than-expected U.S. inflation data, reported on Wednesday and Thursday, reinforced the belief that the Federal Reserve is nearing the end of its interest rate-hiking cycle. While markets still anticipate a 25 basis point hike later this month, another hike this year is no longer the base case. As we shift our focus to the upcoming week, all eyes are on the U.S. retail sales data, a vital indicator of consumer spending in the economy. A high reading is seen as positive for the USD, while a low reading is perceived as negative. USDJPY Technical Analysis: In this video, we provide an in-depth USDJPY technical analysis, dissecting the current market structure. Our attention centers around the key level of 138.800, which also serves as the neckline of a "potential" reversal pattern identified in the 1-hour timeframe. As price action remains within this zone, it becomes an area of interest that could lead to choppy consolidation before a clear direction emerges. The market's reaction around the 138.800 area at the beginning of the new week will heavily influence the trajectory of price action throughout the upcoming days. Join me on this journey as we explore potential trading opportunities using trendlines and key levels. Remember, that we place significant emphasis on the importance of the 138.800 level, as a breakout or retest of this zone will validate the potency of the identified reversal pattern. Stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together. Wishing you the best of luck as you chart your course in the USDJPY market this week. Get ready for an exciting ride filled with insights and trading opportunities! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY: Next hurdle is seen at 140.00The USD/JPY pair is currently holding steady at around 139.20 during the Asian trading session, following a slight pullback from its weekly high near the 140.00 level on Wednesday. However, concerns regarding China's economic slowdown, worsening US-China relations, and geopolitical tensions may provide support for the safe-haven Japanese Yen (JPY), which could limit the upside potential of the USD/JPY pair. In response to the US's consideration of foreign investment and restrictions on AI chips, China's Ambassador, Xie Feng, expressed criticism and warned of retaliation if the US imposes further curbs on Beijing's chip sector.
Long
by Sphyn-Trader
10
USDJPY: How does the recession affect?S&P500 futures have experienced some losses in Europe, indicating a cautious market sentiment. The ongoing second-quarter result season is expected to pose challenges for US equities. Investors will be closely monitoring the performance of banking and technology stocks as the Federal Reserve's higher interest rates are causing a slowdown in economic activities. The US Dollar Index (DXY) is making a significant effort to break above the immediate resistance of 100.00. If successful, this move would trigger a short-term recovery and possibly impact the demand for riskier currencies. The yields on 10-year US Treasury bonds have sharply dropped to around 3.78%.
Short
by Sphyn-Trader
8
USD/JPY: The case for a bearish reversal buildsUSD/JPY has delivered a decent trend for bulls so far this year, having risen 14% since the January low. Yet we have been fully aware that net-short exposure to yen futures has approached a historical extreme as USD/JPT prices rose towards 145. Incidentally, 145 was the upper range of the liquidity gap we mentioned in a previous article which has now been filled, and USD/JPY has printed a bearish engulfing week at the 145 handle. With risks of yen intervention very real and traders positioned so strongly to the short side of yen futures, we suspect USD/JPY is at or very near an important inflection point. What could make the difference between a natural pullback against the YTD trend or a sharp reversal could be incoming economic data from the US and Japan. A softer-than-expected CPI report for the US could likely help push USD/JPY lower, but the real bearish catalyst could be if the BOJ finally get serious about abandoning their YCC (yield curve control). Over the near-term, a move to the 140 and 138 handles seem achievable over the coming weeks as part of a much-deserved retracement against a one-sided trend so far this year.
Short
by CityIndex
USDJPY, Are the Bulls back in control?UJ was on a bearish run from 07/09-07/14. On the Friday before the market closed UJ reached a key daily Supply/Demand level and closed above the zone. In the screen shot above is a projection of where the market will go. To confirm the bullish run, price must close above the daily supply/demand area @138.776. Once the four hour candle is closed above the area, look for the next major 4 hour supply/demand area that price could possibly begin to reject. Once a pullback occurs and closes above either the daily supply/demand zone or 4hr supply/demand zone, take your long entries and hold to your comfort. is this just a temporary bull market run or will the bears strike back?
Long
by NoPumpFakesFx
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe Japanese authorities are facing mounting pressure as the yen continues to weaken due to market expectations of ultra-low interest rates maintained by the Bank of Japan. The yen gained traction in the second half of the previous week. Speculation of government intervention to counter the currency's weakness added further support. Although direct intervention did not occur, we witnessed a pullback from the key 145 level against the dollar, amidst numerous verbal warnings from Japanese officials cautioning against betting against the yen. Despite these developments, the outlook for the yen remains uncertain, especially as the Bank of Japan maintains its commitment to loose monetary policy. Shifting our attention to the U.S. economic landscape, the Labor Department's recent report revealed that June experienced a lower-than-expected increase in new hires, with downward revisions to May's figures. However, the unemployment rate declined to 3.6% in June, and average hourly earnings mirrored the growth seen in May. Amidst the recent market volatility, there is speculation that despite pausing its rate hike cycle last month, the Federal Reserve might resume rate hikes during its upcoming meeting on July 26. USDJPY Technical Analysis (Price Action): This video offers a comprehensive analysis of the current market structure. Our focus centers around the key level of 142.500, which was broken to the downside following a strong bearish move. As price action remains within this zone, it becomes an area of concern, which could potentially lead to choppy consolidation before a clear direction is established. Market participants will closely watch the key economic indicators from the U.S. docket to gauge sentiment. The video examines potential trading opportunities within this area using trendlines and key levels, with particular emphasis on the significance of the 144.000 level as a potential retest for a continuation of the downtrend. The market's reaction to the range around the 142.500 area at the beginning of the new week will heavily influence the direction of price action throughout the upcoming week. Stay connected to my channel, stay informed by following my updates, and actively engage in the comment section. Together, we'll navigate the dynamic USDJPY market. Wishing you the best of luck as you chart your course in the USDJPY market this week. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
UsdJpy- Bulls could take control againAfter the recent high at 145 zone and a small consolidation to the top, UsdJpy fell hard, losing around 700 pips in just one week. However, the overall medium-term trend remains bullish and, with the price near an important horizontal level of support, traders could look for buying opportunities. In my opinion, this level will hold, and dips under the 138 zone should be bought with a target to the first level of resistance, around 141.
Long
by Mihai_Iacob
24
USDJPY-NEXT MOVE CAN BE 500+ PIPS ONEEveryone, hope you all having a great week, our march setup on USDJPY have been working out perfectly, price on daily timeframe have breakout the previous structure and apparently showing strong bullish sentiment. We need to wait for DXY to show bearish price sign, once we do. UJ will drop significantly. Like and Comment, as always thank you so much for showing support and love, we will keep bringing the high quality charts and do let down any pair that you may want us to analyse.
Long
by Setupsfx_
36
USDJPYUSDJPY, due to strong DXY, as we had explained in our previous USD pairs that we are expecting DXY to be bullish in upcoming days; so current approarch on USDJPY is bullish for another month or so, we will have to wait for price to complete the bullish price momentum. Once the price reach our area of entry we can enter the swing sell position for a nice 1000 pips. Always remember patience pays. If you like our work do like and share and follow for more. Thank you as always, Happy Trading ;)
by Setupsfx_
23