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Usdjpyanalysis

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
💡 USDJPY: Waiting for the opportunity to turn backFollowing three consecutive sessions of sharp decline, buying strength has resurfaced as the price nears the lower boundary of the ascending price channel. While the overall bullish pattern remains intact on the H4 and daily timeframes, it's worth noting the emergence of a bearish signal. A notably robust bearish pin bar has taken shape on the weekly chart, manifesting at levels not seen in decades. Consequently, there exists a potential for a price reversal in this resistance zone. Therefore, it might be advisable to consider selling opportunities once the recovery phase concludes.
Short
by Stone_Haven
USDJPY Take off??USDJPY, the double bottom pattern, might indicate a reversal of the previous downward trend. Traders often use the distance between the lowest low of the pattern and the resistance line to estimate a potential price target. Based on this pattern, and major direction of trend, a projected target of 151 might be feasible. However, it's essential to apply technical analysis and consider other indicators to confirm the pattern and potential price target before making trading decisions.
Long
by ForexWizard01
USD/JPY Daily Analysis - The Pullback has Begun! Fall to 146.000USD/JPY has finally touched the previous high of 152.000 with a strong bull candle that we'll call a Bull Capitulation. Immediately after that price target was hit, we saw a series of bear bars falling to the 30EMA. We have now been above the 30EMA for 69 days and after touching a key price range, have a high probability of falling below down to the bottom of the bull channel at the 145.000-146.000 range. Key Points: 1. We're in a Bull Channel which means we have a better chance of profit longing. 2. Previous High of 152.000 has been touched. 3. Bull Capitulation Candle on Oct 23. 4. DXY Strong Bear Signal Bar of the bottom of the bull channel. 5. JPXY Still at Risk of Bull Reversal, this week's candle may decide. 6. RSI has room to fall and while a weak indicator, supports the previous 5. As always, trade at your own risk, 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!
Short
by TraderEngineering
1
USDJPY - Long after a retracement ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. After news on JPY price has a strong impulse, I wait for a retracement to fill the imbalance lower and then to reject from bullish order block Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news. Like, comment and subscribe to be in touch with my content
Long
by Snick3rSD
USDJPY: Today's (November 3) USD exchange rate: Following the...The US dollar kept falling during the most recent trading session as traders gambled that the US Federal Reserve (Fed) had finished tightening its monetary policy and decided to hold interest rates steady. As a result, the Fed resolved at its policy meeting in November to maintain current interest rates while assessing the financial landscape to gauge its capacity to contain inflation. Fed funds futures indicate that there is less than 20% likelihood that the Fed will raise interest rates in December, but investors continue to support the belief that US interest rates have peaked. Stocks have recovered as a result of that viewpoint increasing investors' risk appetite. The dollar weakened 0.3% versus the Japanese yen to 150.44, retreating from this week's one-year high
Long
by TrategySherpa
JPY plummeted with bad newsThe Bank of Japan adjusted monetary policy, the Yen suddenly plummeted According to results from the Bank of Japan's two-day meeting, the bank's Policy Committee allowed 10-year bond yields to exceed 1%, considering this level as an upper threshold instead of a ceiling. hard and remove the commitment to protect this ceiling by buying bonds with unlimited volume. Short-term interest rates are set at -0.1%, while 10-year bond yields are at around 0% under yield curve control, as is the current policy. The above decision shows that rising global bond yields and persistently high inflation are making it more difficult for the Bank of Japan to maintain its yield curve control policy.
Long
by D-Venn
1
USDJPY: The Japanese Yen continues to fall sharply as Tokyo With the EUR/JPY exchange rate at 160.80, the 2008 peak, and the USD/JPY exchange rate at 150.75, the yen is continuing its downward spiral to a new low throughout the day. This occurred when Tokyo dispelled any rumors that it was still protecting the price by confirming that it did not interfere in the currency markets in October. The BOJ doesn't seem to be planning to become involved in the yen today, therefore it looks like the currency will perform as expected. Tokyo's attempts to defend its currency could backfire given all of the BOJ's recent dovish actions.
Short
by TrategySherpa
Yen Weakens against Dollar as BOJ Adjusts Monetary PolicyThe Japanese yen weakened beyond 151 against the mighty dollar, thanks to the Bank of Japan's (BOJ) recent adjustments to its monetary policy. The winds of change are blowing in our favor, and it's time to seize this moment and take action! By going long on USDJPY, we can potentially capitalize on this favorable market trend and secure significant gains. The BOJ's limited adjustments to their monetary policy have created a fertile ground for us to explore and maximize our profits. Why should you consider going long on USDJPY, you ask? Well, let me break it down for you: 1. BOJ's Monetary Policy Adjustments: The BOJ's recent tweaks to their monetary policy indicate a shift towards a more accommodative stance, which typically leads to a weaker yen. With the yen already breaching the 151 mark against the dollar, this provides an excellent opportunity to ride the wave of yen depreciation. 2. Favorable Dollar Strength: The US dollar has been flexing its muscles lately, exhibiting strength against various major currencies. By pairing it with the weakened yen, we have a powerful combination that can potentially amplify our gains. 3. Potential for Increased Volatility: As the yen weakens and the market reacts to the BOJ's policy adjustments, we can expect increased volatility in the USDJPY pair. For experienced traders like us, volatility often translates into profitable opportunities. Now, it's time for action! Take advantage of this exciting market development and consider going long on USDJPY. Remember, the key to success lies in seizing opportunities when they arise, and this is undoubtedly one of those moments. As always, remember to conduct thorough research, employ proper risk management strategies, and consult with your trusted financial advisor or broker before making any trading decisions. Wishing you fruitful trades and a prosperous journey in the forex market! Ready to ride the wave of yen depreciation? Don't miss out on this incredible opportunity! Take action now and go long on USDJPY to potentially maximize your profits. Remember, the forex market waits for no one, so seize the moment and make your move today!
Long
by bryandowningqln