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Usdjpyanalysis

BluetonaFX - USDJPY Market UpdateHi Traders! USDJPY is looking as strong as ever and does not seem to be slowing down anytime soon. Our long-term bullish outlook on this pair has worked perfectly. Since we broke the 145.073 range zone resistance, the market has continued with bullish momentum. We also had a bull flag opportunity on the 1D chart that was executed very well. The market is on its way to the psychological 150 level, which was always our long-term target. We are still on track to reaching that level as long as we remain above 145.073 and our 20 EMA. We will be looking for opportunities to buy any further dips, which we have not had on the longer time frames since the break of 145.073, so to do this, we will look at shorter time frames for more buy entries. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
2
USDJPY Carry Trade PressureThis summer, quiet markets favored the carry trade. Popular funding currencies here are still the JPY and the CNY. The carry trade involves borrowing low-interest currency and investing in high-interest currency to profit from interest rate differential and exchange rate movements. Traders often use JPY and CNY as funding currencies due to their low-interest rates and stable exchange rates, with USD being a popular target currency due to its higher interest rates and a strong economy. A higher USD/JPY means that the USD appreciates against the JPY, which is good for the carry trade. A lower USD/JPY means that the JPY is appreciating against the USD, which is bad for the carry trade. Short-covering rallies in the JPY may happen during risk-off periods, such as the bond sell-off in early August. However, the carry trade can only be disrupted by a consistent increase in volatility. July's adjustment to the Bank of Japan's Yield Curve Control, which involved raising the cap on 10-year JGB yields to 1.00% from 0.5%, did not result in a stronger yen. No additional changes by the Bank of Japan are expected until late October. It seems that the BoJ may have to intervene once more if the USD/JPY goes above 145/146 in order to limit its topside. If we see a weaker dollar in 4Q as well as some additional BoJ adjustments will may see it push back down to 130. Just a small note, I did not enter the trade yet. For now it remains an idea
Short
by RomanoRnr
UsdJpy- Will it test 150 again?Two weeks ago I drew attention to the 145 level that should provide support for UsdJpy. Indeed, the pair reversed twice from this level with a very strong reversal last Friday. As we clearly see from the chart, the trend is strongly bullish, and the only thing that brings some buying power for JPY is BoJ. I expect continuation to the upside and a new test of 150. However, as I just said, KEEP IN MIND A BOJ INTERVENTION AND USE STOP LOSS!!!
Long
by Mihai_Iacob
22
USDJPY | Perspective for the new week | Follow-upIn Japan, the Bank of Japan's Governor Kazuo Ueda highlighted that underlying inflation remains slightly below the 2% target during a Federal Reserve research symposium. This observation reaffirms the central bank's commitment to maintaining the current monetary policy approach. Despite core consumer inflation in Japan hitting 3.1% in July, companies passing on higher costs have sustained inflation above the 2% target for the 16th consecutive month. Meanwhile, in the U.S., Federal Reserve Chair Jerome Powell's recent speech at the Jackson Hole symposium solidified the Fed's intention to uphold a 'higher for longer' outlook on interest rates and bond yields. This stance is a boon for dollar enthusiasts, especially considering the contrasting economic scenarios. The U.S. economy is exhibiting robust performance, with the latest Atlanta Fed tracking estimate indicating a near-6% annualized growth rate. The widening short-dated yield spreads, which often influence exchange rates, favor the dollar over the Yen in recent weeks. This shift enhances the potential for the dollar to ascend into a higher trading range relative to the Yen. As we navigate the upcoming week, it's crucial to consider these significant market drivers. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is still within the key zone of 146.500, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that has led to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come. Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to 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. #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
USDJPY - Short - Idea**USD/JPY Technical Analysis: ** Currency Pair: USD/JPY Current Price: 146.400 The USD/JPY pair is trading at 146.400 after a strong upward movement, it seems that buyers are not as interested as before. This shows on the Daily chart's RSI, which is a tool that helps us understand the market. The RSI is showing a clear divergence, which means things might change soon. I believe the sellers could take control soon, so I'm making a trade. I'm selling the pair at 146.400. To protect myself, I've set a Stop Loss at 147.000. If all goes well, my take profit is at 145.400. This means the reward is potentially 100 pips, while the risk is about 60 pips. Remember, trading has risks, so it's important to be careful. I'm sharing this analysis to help make decisions, but it's always smart to keep an eye on the market in case things change.
Short
by MHasnain
4
USDJPY Counter Trend & Possible Start Of Short Term Bear MarketUSDJPY had a magnificent rally that lasted over 6-weeks. Unfortunately, nothing last forever and trends have a short-term span. I first noticed the pair going into a possible consolidation once it hit YTD highs and rejected it on 08/29/2023. Price was already showing struggle to break higher from the beginning of this month and been in a 3-week consolidation. I first look to take a short to range lows around 145.00, then will liquidate my positions and be in cash until further evidence of selling pressure is confirmed. We could get a bounce from 145.00 support, a false breakout back to monthly highs or a possible continuation south to test monthly lows. I am not here to predict the price moves, just going with my evidence and prepared for a possible false move against my position at any time so trailing-stop losses will be applied as the market continues in my favor for as long as the trend goes on. My only concern is that price is struggling to break below 145.70 which is a conflicting support that I wish to see taken out in the next several hours or my sells will start to be in question. Worst case scenario is that my entry is stopped out due to irregular market conditions and whipsaws around back to 146.50 which is the current 2-day range going on in real-time. If that happens then I will close out my sell positions and be neutral as the market would be in the most unfavorable condition and I do not want to tie my margin into something not going as planned.
Short
by bajapips