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Usdjpyanalysis

Gold Hits Record High Against Yen, Defies USD, So Sell JPY?I write to you today with concern and urgency as the gold market takes an unprecedented turn. In recent weeks, gold has reached record highs against the Japanese Yen (JPY), potentially defying the US Dollar (USD) dominance. This unexpected development calls for immediate attention and careful consideration, as it could have significant implications for traders like yourself. The Gold-Yen Relationship: For years, the USD has been the primary currency in which gold is priced and traded globally. However, the recent surge in gold's value against the JPY suggests a potential shift in the market dynamics. Historically, gold has been seen as a safe-haven asset during times of economic uncertainty, and its rise against the Yen may reflect growing concerns about the Japanese economy or geopolitical tensions in the region. Implications for Traders: As traders, it is crucial to recognize the potential impact of this gold-yen relationship on your portfolios. The weakening JPY could increase demand for gold, driving its price higher and potentially causing a ripple effect across various financial markets. Ignoring these warning signs could expose your investments to unnecessary risks. Short-Term Selling on JPY: Given these developments, I strongly urge you to consider a short-term selling strategy on the JPY. By taking advantage of the current gold-Yen dynamics, you can profit from the uptrend in gold prices against the Japanese currency. However, it is crucial to approach this strategy cautiously and seek advice from trusted financial advisors or experts. Seek Professional Guidance: Navigating the complexities of the financial markets requires expertise and careful analysis. Therefore, I encourage you to consult with professionals who can provide tailored advice based on your circumstances. They can help you devise a trading plan that aligns with your risk tolerance and investment goals, ensuring you make informed decisions. Conclusion: The record-breaking surge of gold against the Japanese Yen serves as a wake-up call for traders worldwide. By considering a short-term selling strategy on the JPY, you can potentially capitalize on the current market dynamics and safeguard your investments. However, always remember the importance of seeking professional guidance to ensure your actions align with your financial objectives. Take action now and stay ahead of the curve. The gold-Yen relationship demands your attention, and making informed decisions today will position you for success in the ever-evolving financial landscape.
Short
by bryandowningqln
Why USD/JPY bulls should be cautious at these highsUSD/JPY has continued to defy gravity despite the growing threat of verbal (or actual) yen intervention by the MOF/BOJ. Yet the higher and faster it rises, so does the threat of intervention. You can see what impact it had on USD/JPY from the large bearish candle that formed on 23 October 2022, where the initial break above 150 was then met with a swift move lower and subsequent -16.3% decline over the next 2.5 months. However, what has caught our eye today is that recent cycle highs have stalled around the 10 October high, the day a softer-than-expected US inflation report saw the US dollar plunge. There is also a volume node from the choppy price action in October at 147.1, and such HVNs can act as both a magnet to attract prices and also become support/resistance. And given USD/JPY’s recent pattern of breaking key levels and cycle highs before reversing, we’re a little sceptical of bullish breakouts – especially with the growing threat of verbal/actual intervention. Furthermore, the US02Y-JP02Y spread has stalled just beneath its March high, so perhaps USD/JPY is at least due a pullback before it tries to break higher. Either way, we’d prefer to buy dips over breakouts. And as for any potential pullback, we’d prefer to wait for a breakout to become a ‘fakeout’ (where prices move back below the initial breakout level) before shorting against the trend.
by CityIndex
USD/JPY: Long Trading OpportunityUSD/JPY Daily USD/JPY breaks the range and uptrend continues to the next level 151.94. SUGGESTED TRADE: BUY USD/JPY ENTRY - around 147.130 SL - 144.400 TP - 151.600 Client Sentiment: Retail trader data shows 73% of traders are net-short. We typically take a contrarian view to crowd client sentiment, and the fact traders are net-long suggests USD/JPY prices may continue to rise. Traders are further net-short than the last week, and the combination of current sentiment and recent changes gives us a stronger USD/JPY-bullish contrarian trading bias. Keep It Simple and Always Trade With the Trend! Please, Support Our Work with Like & Comment! Thank You!
Long
by ForexWithTsanev
USD/JPY's 30-Minute Support and ResistanceIn the intricate realm of forex trading, precision guides every move. Every level, and every fluctuation holds profound significance. Let's delve into the technical intricacies shaping the journey of the USD/JPY pair within the 30-minute timeframe. Steadying the Path: Dual Support Levels In the heart of these crucial moments, USD/JPY establishes its path with the presence of two distinct support levels: Primary Support - 145.722: This forms the primary anchor for the pair, laying the groundwork for potential rebounds and recoveries. Secondary Support - 146.273: A supplementary layer of support in case the pair faces heightened downward pressure, bolstering its capacity to resist further descent. Overcoming Barriers: Resistance Comes to Light However, the journey forward is characterized by barriers. The pair faces a single resistance point that stands as a formidable hurdle, demanding a determined push to surmount: Resistance 1 at 146.631: This pivotal juncture marks the principal challenge for USD/JPY's upward advance. A successful breach could signal a shift in the underlying market sentiment, possibly opening avenues for further ascension. Guiding Strategy: Plotting the Trajectory For traders and astute observers, the interplay between USD/JPY and these support and resistance levels is a treasure trove of insights. Each movement, every shift, holds key clues about the evolving market sentiment. The dual supports at 145.722 and 146.273 serve as a strong foundation, providing opportunities for potential recoveries. Yet, the obstacle presented by the resistance at 146.631 underscores the necessity of a concerted effort to propel the pair upward. As time ticks within this 30-minute window, the movements of USD/JPY unfold like an engaging narrative. The interplay between support and resistance, between the aspirations of buyers and the strategies of sellers, crafts a dynamic storyline that traders closely follow, seeking to unravel the near-term trajectory of this captivating currency pair.
by enclavefx_Analaysis
USD/JPY Ascends Amid Divergent Central Bank PoliciesGiven the current bullish trend and the contrasting monetary policies between the Federal Reserve and the Bank of Japan, the USD/JPY pair appears to offer a good buying opportunity in the short term, especially before the release of pivotal U.S. economic data. Always remember to manage your risk effectively. TRADE IDEA DETAILS CURRENCY PAIR: USD/JPY CURRENT TREND: Bullish TRADE SIGNAL: Buy 👉 ENTRY PRICE: 146.20 ✅ TAKE PROFIT: 148.40 ❌ STOP LOSS: 145.50 ANALYSIS: The USD/JPY is in a bullish trend, supported by diverging monetary policies between the Fed and the BoJ. Technical resistance levels are identified at 147.00 and 148.45, while the U.S. Dollar Index is at a strong 104.360. This suggests that the pair could extend gains in the short term.
by RichDadph-FX
2
Confirmation neededThe ultimate third drive made a stunning break of market structure to provide the peak at 146.565, then price initially decreased to 145.152 then made a relative liquidity grab by providing the 144.931 low. After the low price hiked all the way up to make and internal liquidity grand along with equal highs to significantly indicate that sellers are now in control and controlled drastically to 144.542. Now that the market just made an external liquidity grab by taking out the 146.565 peak, when the market open we should look for proper entries from a lower timeframe confirmation and capitalise in this promising bearish market…
by tokelohomi
2
BOJ Intervention Needed as Yen Continues to WeakenAs avid participants in the forex market, we must remain vigilant and proactive in monitoring this situation, as it may have significant implications for our trading strategies and overall market stability. The USDJPY exchange rate has experienced a persistent upward trend in recent weeks, primarily driven by the yen's continuous depreciation. This trend can have far-reaching consequences for global trade, investment flows, and economic stability if left unchecked. It is high time that we collectively address this issue and urge the Bank of Japan (BOJ) to intervene appropriately to restore balance and mitigate the potential risks of such rapid currency fluctuations. The BOJ's intervention is crucial to ensure that market forces do not push the yen into a fragile position, which could lead to unintended consequences. While some currency depreciation can benefit export-oriented economies, an overly weakened yen may spark concerns of competitive devaluation, leading to retaliatory measures and a destabilized international trading environment. Therefore, I implore each of you to monitor the USDJPY exchange rate in the short term closely. Keep a watchful eye for any signs of a potential dip in this currency pair, as it could indicate an opportune moment for the BOJ to step in and stabilize the yen's value. We can collectively contribute to maintaining a balanced and fair forex market by staying informed and alert. Additionally, I encourage you to spread awareness about the importance of BOJ intervention among your fellow traders, colleagues, and industry contacts. Let us unite in our call for action, urging the BOJ to take appropriate measures to address the weakening yen. Together, our voices can carry weight and help safeguard the stability of the forex market. In conclusion, let us remain proactive, concerned, and engaged in monitoring the USDJPY exchange rate. By doing so, we can actively encourage the BOJ to intervene when necessary, ensuring a more stable and predictable forex market for all participants.
by bryandowningqln
14
USDJPY Analysis 27Aug2023I analyze USDJPY using the D1 time frame so that we can know in general terms the trends that are occurring and the possibilities that could occur in the future. If you look at the series of waves that have occurred, currently there is a correction in wave B with the price forming waves a-b-c-d-e and heading to the QM area. by adding the RSI indicator we can see that the price has entered the saturation area and there is a divergence on the RSI. one of the signs that in the future there will be a reversal.
by Hokusai_FX
USDJPY | Perspective for the new week | Follow-upThe USDJPY landscape is a complex interplay of monetary policy divergence between the US and Japan, actively influencing the Yen's weakening. Yet, optimism surrounding the peak of US interest rates introduces an intriguing caveat to the Greenback's ascent. Federal Reserve minutes unveiled this week emphasize a consensus among committee members about "significant upside risks to inflation", amplifying the allure of further tightening. Amid robust economic data – particularly retail sales – a compelling case for heightened tightening unfolds. Meanwhile, market participants exercise caution, mindful of potential FX intervention by the Bank of Japan (BoJ), evoking memories of last year's intervention triggered by similar price action levels. The yen's depreciation heightens vigilance, with traders poised for possible Japanese authority intervention. As attention shifts to Jackson Hole, Wyoming, where top central banks gather annually, all eyes are on Fed Chair Jerome Powell's upcoming speech. Anticipated next Friday, Powell's address is a golden opportunity for insights into the interest rate outlook, potentially laying the groundwork for the Fed's next policy steps. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is still within the key zone of 145.000, 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. 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
3
Yen weakness is persistent, proposed long USDJPYAfter 8 trading days of bullish PA, IMO a pullback is due. If this market does pullback to the 144.80 region, I would be interested in taking a long. Seeing some bullish evidence on a lower time frame would be essential. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more. What do you think about this trade idea? Please comment and share your thoughts!!
Long
by Trading_Vista
5
USDJPY I Approaching strong reversal areaWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
19
USDJPY Pretty bullish and safe in 15min timeframe nowIn 15min timeframe today we would see an strong uptrend... Adjust your risk when you went in profit... Buy as much as you want, but nottice the entery and exit prices on my chart... Don't worry, buy as much as you would like... Stop: 145.320 Take profit: 146.220 ----- About the analyst: Gerald Mann was born Mr. Peiman Ghasemi on February 16, 1988. After a long while of diplomatic cooperations as an adviser to Barack Obama, and as a veteran; but, finally, unfortunately he got deported from Turkey to Iran. While, in fact, he was praised by Barack Obama in 2014, but they refused to help him to become an American resident, and he never achieved his true right of being a U.S. citizen. Lately, not too much unusual, he was bothered by a group of traitor high ranked officers... And, lately, in fact, he is threatened nowadays by a few groups of international rebellion and unmerciful officers, and several pretty high ranked international officers... And he was confronted to those nasty agents whom their's usual and everyday desire is to sue people because their self (individual) hatred and grudge. Using remote-sensing advancements... But, however, in the country of the residency (in Iran), as a waiver for punishment, fortunately the exit ban penalty omited about him, by Iranian organizations... And he can leave the country... He holds several certificates of participation, majoring political science and business communications, from the Harvard University and the University of British Columbia.
Long
by GeraldMann