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Usdjpyanalysis

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
USDJPY: LONG!The USD/JPY pair is showing signs of a cautious market sentiment, with its recovery from the previous day's decline fading around 144.60. This could be attributed to concerns about Japan intervening in the market to protect its currency, as it hovers near its highest levels in eight months. Additionally, fears of a recession signaled by the inversion of US Treasury bond yields are also posing challenges for buyers of USD/JPY. Japanese Finance Minister Shunichi Suzuki has stated that he is closely communicating with the US on foreign exchange matters, while the nation's top currency diplomat, Masato Kanda, is engaging with various countries including the US on currency issues. Furthermore, the inversion between the US 10-year and two-year Treasury bond yields has reached its highest level since 1981, sparking renewed worries of a recession. This is due to expectations that the Federal Reserve will raise its benchmark borrowing rates to control inflation. The two-year Treasury bond yields have dropped to 4.85%, while the 10-year counterpart fell to 3.78%. It is important to note that both benchmark yields ended Monday's trading at approximately 4.93% and 3.86% respectively.
Short
by Sphyn-Trader
6
USDJPY – Did the market overreact to the weaker NFP data? Yes, I do think it was an overreaction. Looking at recent price action we can see how bullish the pair was. This was a solid long trade that got halted at 140.00. After a few days of consolidation, price broke out and a climb to 144.00 was easy. Consolidation followed again and my expectation was that we would soon get to 148.00 (see my posts of 17 June and 01 July). But then came the NFP data and this pair plunged really hard. My bullish bias however has not yet changed, I will not take a short. I expect the buyers will step in either at the intermediate support in the 141.20 area or the big one at 140. Patience is always key, waiting for bullish evidence important. My overall target remains in the 150's. 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
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Short
by bryandowningqln
2
USD/JPY bears are at risk of being 'caught short'USD/JPY has been playing nicely with our analysis of late, having rallied to 145 and close the 300-pip liquidity gap we warned of before accelerating lower this week in line with our bearish bias. But given levels of support nearby and a few metrics on hand, bears may want to be cautious around current levels. USD/JPY is trying to close lower for a fifth day - which is a bearish sequence not seen since December (and April 2021 prior to that). It's current 5-day decline is also its most bearish since December, and 5-day moves between -3.5 to -5% tend to snap back higher. But it is also around the midway point of the congestion zone which formed in June, which are areas which can prove to be 'sticky' once retested. With all these clues combined, we suspect a pause in the bearish move is imminent at a minimum (if not, a countertrend move seems more likely). Whether it can bounce hard and fast today is likely dependent upon whether US inflation comes in hot or not. But with so many indication of an inflection point, bears may want to refer to lower timeframes fore their shorts to avoid getting 'caught short' at the end of the cycle.
by CityIndex
USDJPY – What's the intervention threshold? USDJPY – What's the intervention threshold? In September of last year, the Bank of Japan (BOJ) made a move in the market to strengthen its currency when it reached 145 against the USD, marking the first such intervention since 1998. This action was taken following the BOJ's decision to maintain an extremely accommodative policy (a policy that is yet to change still). The BOJ intervened once more in October when the yen further plummeted to its lowest level in 32 years, reaching 151.94 against the dollar. At present, investors hold a substantial short position in the yen, valued at $9.793 billion, representing the largest such position in the USDJPY since May 2022. This value has nearly doubled in just the past three months. Notably, former Japanese Vice Finance Minister Eisuke Sakakibara has suggested that the USDJPY could reach 160 before the BOJ intervenes once again. However, the USDJPY has recently built a bit of a buffer between itself and whatever the intervention threshold is for the BoJ. Over the past two trading days, the US dollar has weakened, largely due to remarks made by Federal Reserve officials. These statements have strengthened the belief that the US central bank is nearing the end of its tightening phase. It is widely anticipated that Fed policymakers will implement a rate increase during their upcoming meeting this month, which would set the policy rate range at 5.25% to 5.50%. However, the timing of any subsequent rate hikes remains uncertain. There are questions whether they will raise rates again in September, delay until November, or maintain the current stance and allow inflation to naturally subside over time. Consequently, the US dollar has experienced a decline against the yen, reaching a low of 141.32 yen, the lowest level observed since June 21. Currently, it is down 0.5% at 141.328. This drop follows a decrease of nearly 1.3% seen last Friday when the US nonfarm payrolls for June fell short of market expectations at 209,000.
by BlackBull_Markets
USDJPY | H1 | UpdateUSDJPY update, looking at USDJPY now based on my initial analysis we can see that the USDJPY tanked as per the initial forecast, there was some volatility during the course of the week due to fundamental events surrounding the USD which also acted as a catalyst towards increasing the overall momentum as we would’ve noticed with today’s NFP announcement. But looking back we can take note that USDJPY created a short term trading range between 144.19x and 144.68x before breaking out of our minor support level at 144.19x then came back to retest that level and confirm it as our new resistance after the announcement of the US ADP Employment Change yesterday before tumbling further down. Today’s NFP announcement acted as a further catalyst pushing USDJPY to break through our initial target and support at 142.8xx & 142.6xx now we’re looking forward to it pushing further down to 141.2xx
Short
by mosa_moshka
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe USDJPY has experienced a depreciation of over 9% against the yen in the current year. Last Friday, the Japanese currency hit a low of 145.07 per dollar in early Asia trade, the lowest it had been in over seven months. However, it stabilized at 144.30 later on Friday following statements from Finance Minister Shunichi Suzuki. Suzuki emphasized that Japan would take appropriate measures if the yen weakened excessively, cautioning against investors selling the currency too aggressively. This level, 145 to the dollar, has historically made speculators wary of potential intervention by Japanese authorities, as demonstrated last September when authorities intervened in the markets to support the currency for the first time in 24 years. Meanwhile, the Federal Reserve (Fed) has been closely monitoring various economic aspects such as the labor market and energy-induced inflation as it prepares for its meeting on July 26 to decide on interest rates. The Fed's decision-making process is influenced by two crucial data points in the U.S.: the first quarter GDP and the Personal Consumption Expenditures Index. These indicators will help determine whether the central bank will proceed with rate hikes in the coming weeks or maintain the current pause in monetary tightening, which was decided on June 14. According to the Commerce Department, the U.S. GDP grew at an annualized rate of 2% in the first quarter of this year, providing some relief to the Fed and indicating that previous rate hikes did not significantly impede economic growth. However, inflation remains a concern, with a slowdown in the overall trend but still at relatively high levels. Next Friday, the US will release the June official employment report. The market consensus is for an increase of 200K in payrolls. Considering these factors, market expectations lean towards the Fed raising lending rates by another quarter percentage point on July 26, reaching a peak of 5.25%. USDJPY Technical Analysis (Price Action): This video provides an extensive analysis of the current market structure. The focus is on the key level of 145.000, which played a crucial role in the Bank of Japan's intervention last September. With price action returning to this zone, it becomes a point of concern, acting as either key support or resistance depending on how market participants react in the upcoming week. The video explores potential trading opportunities in this area using trendlines and key levels, highlighting the significance of the 144.200 level as a recent support line, particularly observed on Friday. The market's response to the range between 144.200 and 145.000 at the beginning of the new week will greatly influence the direction of price action in the upcoming week. Stay connected to my channel, follow my updates, and actively engage in the comment section to stay informed about further technical developments in the USDJPY market. I wish you the best of luck as you navigate 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