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Usdjpyanalysis

USD/JPY on the Rebound: Key Insights Ahead of November NFPThe USD/JPY currency pair is witnessing the US Dollar regaining some strength following its reversal on November 15. As market participants look ahead to the critical US Nonfarm Payrolls (NFP) report for November, they are eager for insights into the current labor market conditions. Economists predict that the US economy added around 200,000 jobs, a significant increase compared to October's modest gain of just 12,000. It's worth noting that the NFP estimates for various sectors were impacted by hurricanes that occurred last month. Additionally, the Unemployment Rate is projected to rise slightly to 4.2% from the previous figure of 4.1%. Attention will also be focused on the US Average Hourly Earnings data, which will provide clues about wage growth trends. An uptick in wages can drive consumer spending, potentially fueling inflation and reigniting concerns about sustained price pressures. Such developments may influence market expectations regarding the Federal Reserve's stance ahead of its December meeting. Currently, the USD is experiencing a rebound from a demand support zone. Although seasonal forecasts indicate a possible bearish trend, there is potential for the USD to strengthen further, possibly testing the 155 level again. ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
#USDJPY Taking a closer look at the USD/JPY pair on the 1-hour timeframe, the current price action highlights a significant area of interest that could dictate the next move in the market. The momentum appears to be building around this key zone, offering potential opportunities for both intraday traders looking for quick gains and scalpers aiming to capitalize on shorter movements. Whether it leads to a breakout or a reversal will depend on how the price interacts with these critical levels, making patience and confirmation essential for executing a well-timed and calculated trade.
by SadarExplore
USDJPY Daily Analysis: Slight Bearish Bias as Economic DataUSDJPY Daily Analysis: Slight Bearish Bias as Economic Data and Market Sentiment Weigh on the Pair 03/12/2024 Introduction USDJPY is expected to show a slight bearish bias today as a combination of weaker U.S. economic data, dovish Federal Reserve expectations, and strengthening risk sentiment exert downward pressure on the pair. This article breaks down the key factors influencing USDJPY’s potential move today, highlighting the fundamental drivers behind the bearish outlook. --- Key Drivers Influencing USDJPY 1. Dovish Fed Outlook and U.S. Economic Data The U.S. Federal Reserve's recent stance has remained cautious, signaling that further interest rate hikes are less likely in the near term. This dovish bias, coupled with disappointing economic data from the U.S., including weaker-than-expected manufacturing PMI and labor market figures, is reducing the appeal of the U.S. dollar (USD) relative to other currencies. As market expectations for a pause in U.S. monetary tightening grow, the USD faces pressure, contributing to the bearish outlook for USDJPY. 2. Improved Global Risk Sentiment There has been a shift towards a risk-on sentiment in global markets, with stock markets showing positive momentum. As investors turn to riskier assets, the Japanese yen (JPY) tends to benefit due to its status as a safe-haven currency. A strong yen in a risk-on environment can weigh on USDJPY, especially as the Japanese economy shows resilience in key sectors like exports and manufacturing. 3. Declining U.S. Bond Yields U.S. Treasury yields have softened recently, which has reduced the appeal of holding U.S. assets. Lower yields on U.S. government bonds make the dollar less attractive, particularly against currencies like the JPY, which has relatively higher yield expectations. This decline in U.S. bond yields contributes to the negative sentiment around USDJPY. 4. Positive Data from Japan Japan's economic fundamentals are showing strength, particularly in the export sector. Data indicating stable economic growth and a positive outlook for Japan’s trade balance further supports the Japanese yen. As Japan benefits from stronger export performance, the JPY is gaining in value, adding pressure to USDJPY's upward momentum. --- Technical Analysis Moving Averages and RSI USDJPY is trading just below its 50-day moving average, suggesting a potential for bearish continuation. The Relative Strength Index (RSI) is approaching the overbought territory, indicating that the pair may be nearing a correction. If the RSI continues to fall, it could signal a deeper pullback in the pair. MACD and Key Levels The Moving Average Convergence Divergence (MACD) shows a slight bearish crossover, reinforcing the downtrend in USDJPY. Immediate resistance is at 148.00, while support is seen around 147.00. A break below 147.00 could lead to further downside, with the next key support level at 146.50. --- Conclusion USDJPY is likely to experience a slight bearish bias today due to a combination of dovish Federal Reserve expectations, soft U.S. economic data, and a risk-on market sentiment that favors the Japanese yen. Traders should monitor key support levels and watch for any changes in U.S. economic conditions or global risk sentiment, as these factors will play a crucial role in determining the pair’s movement in the short term. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #USDBearishOutlook - #JPYstrength - #USDJPYtoday - #ForexMarketAnalysis - #USDJPYprediction
Short
by PERFECT_MFG
USDJPY Daily Analysis: Slight Bearish Bias Amid Dollar Weakness USDJPY Daily Analysis: Slight Bearish Bias Amid Dollar Weakness and Yen Resilience 02/12/2024 Introduction The USDJPY pair is projected to lean slightly bearish today, driven by continued U.S. dollar (USD) weakness and the Japanese yen’s (JPY) resilience as a safe-haven asset. With risk sentiment in flux and U.S. Treasury yields declining, the pair faces downward pressure. This article provides an in-depth analysis of the fundamental and technical factors shaping USDJPY’s outlook for the day. --- Key Drivers Influencing USDJPY 1. Weak U.S. Dollar Sentiment The USD remains under pressure following last week’s dovish remarks from Federal Reserve officials, which signaled a pause in interest rate hikes. With market expectations of monetary easing in 2025 growing, the dollar’s attractiveness continues to decline, weighing on USDJPY. 2. Japanese Yen's Safe-Haven Demand The JPY is benefiting from its status as a safe-haven currency amid lingering global uncertainties. Concerns about geopolitical tensions and slower global growth are keeping investors cautious, favoring the yen over the dollar. 3. Declining U.S. Treasury Yields Lower U.S. Treasury yields are eroding the yield advantage of the USD against the JPY. The 10-year Treasury yield has fallen below key levels, diminishing the carry trade appeal that often supports USDJPY. 4. Economic Divergence While Japan’s economic recovery remains modest, the stability in inflation and a cautious Bank of Japan (BoJ) monetary policy provide support for the yen. In contrast, slowing U.S. economic data, including weaker consumer spending and manufacturing activity, adds to bearish sentiment for USDJPY. --- Technical Analysis Moving Averages and RSI USDJPY is trading below its 50-day moving average, reinforcing bearish momentum. The Relative Strength Index (RSI) is hovering near oversold territory, suggesting limited downside but no immediate reversal signals. MACD and Key Levels The MACD indicator shows a continuation of bearish momentum. Immediate support lies at 147.80, and a break below could target 147.00. Resistance is capped at 148.50, which may limit any corrective movements. --- Conclusion USDJPY is likely to exhibit a slight bearish bias today as fundamental factors such as dollar weakness, safe-haven demand for the yen, and declining U.S. Treasury yields align against the pair. Traders should remain cautious of intraday volatility driven by economic data releases or sudden risk sentiment shifts. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #JapaneseYenOutlook - #USDWeakness - #USDJPYtoday - #ForexMarketAnalysis - #USDJPYprediction
Short
by PERFECT_MFG
UsdJpy could drop 1000 pipsIn my previous post about USD/JPY, I highlighted the potential for JPY strengthening due to repatriation, referencing similar trends observed last year and usually in December After reaching a high near 157, USD/JPY began to decline and is now testing the critical 150 level. At this point, a technical rebound is possible, but I view it as a selling opportunity. My belief is that repatriation is still in its early stages, and JPY has significant potential for further appreciation. The 153-154 zone appears to be an ideal area to look for selling opportunities. With a stop placed above the recent high and a target near the 141 support level, a 1:4 risk-to-reward ratio could potentially be achieved.
Short
by Mihai_Iacob
6
#UASJPY: Swing Selling is in progress, Are we heading Bears Era?Dear Traders, Hopefully, you having a great weekend so far, we have a great opportunity on USDJPY, possible a total bearish meltdown on all the jpy pairs especially with UJ, we are on the verge of collapse. At the moment we expect price to do a small correction before it drops further. At this correction we may expect price to reverse nicely. We expect this idea to be activated by Friday when we will be having a last nfp data of the 2024. Decembers are known for bears control over jpy pairs. thank you ;)
Short
by Setupsfx_
4
USDJPY Daily Analysis: Slight Bearish Bias Amid Dollar Weakness USDJPY Daily Analysis: Slight Bearish Bias Amid Dollar Weakness and Yen Resilience 29/11/2024 Introduction The USDJPY pair is expected to exhibit a slight bearish bias today, driven by persistent U.S. dollar weakness and the Japanese yen's resilience as a safe-haven asset. Market participants remain cautious ahead of key economic events, while falling U.S. Treasury yields and geopolitical uncertainties provide additional support for the yen. In this article, we will delve into the fundamental and technical drivers shaping the USDJPY outlook for the day. --- Key Drivers Influencing USDJPY 1. Weak U.S. Dollar The U.S. dollar remains under pressure as investors continue to price in dovish Federal Reserve policies. Recent economic data pointing to slowing consumer activity and declining durable goods orders further weakens the greenback’s appeal, supporting a bearish outlook for USDJPY. 2. Japanese Yen Safe-Haven Appeal The Japanese yen (JPY) continues to attract demand as a safe-haven currency amid global economic uncertainties. Persistent geopolitical risks and concerns about slowing global growth have led investors to favor the yen, exerting downward pressure on USDJPY. 3. Falling U.S. Treasury Yields Declining U.S. Treasury yields, particularly on the 10-year note, reduce the dollar’s attractiveness in yield-sensitive pairs like USDJPY. Lower yields diminish the carry trade advantage, making the yen more appealing. 4. Bank of Japan's Stability While the Bank of Japan (BoJ) maintains its accommodative monetary policy, steady inflation and economic stability support the yen. BoJ policymakers’ cautious approach to monetary tightening continues to provide implicit strength to the currency. --- Technical Analysis Moving Averages and RSI USDJPY is trading below its 50-day moving average, indicating a bearish trend. The Relative Strength Index (RSI) remains neutral but leans toward oversold conditions, hinting at potential further downside. MACD and Key Levels The MACD indicator signals continued bearish momentum. Key support lies at 147.00, with a break below this level potentially targeting 146.50. Immediate resistance is seen at 148.20, which may cap any intraday recoveries. --- Conclusion USDJPY is likely to maintain a slight bearish bias today as weak U.S. dollar dynamics and strong demand for the yen weigh on the pair. Traders should keep an eye on any unexpected shifts in risk sentiment or economic data releases that could influence intraday volatility. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #JapaneseYenOutlook - #USDWeakness - #USDJPYtoday - #ForexMarketAnalysis - #USDJPYprediction
Short
by PERFECT_MFG
USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Dollar USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Dollar Weakness and Yen Strength 28/11/2024 Introduction The USDJPY pair is poised for a slight bearish bias today, driven by continued weakness in the U.S. dollar and growing demand for the Japanese yen (JPY). Factors such as falling U.S. Treasury yields, dovish Federal Reserve expectations, and geopolitical uncertainties favor the yen’s appreciation against the greenback. This analysis outlines the fundamental and technical factors shaping the USDJPY outlook for the day. --- Key Drivers Influencing USDJPY 1. Weak U.S. Dollar The U.S. dollar is under pressure as market participants price in a prolonged pause in Federal Reserve rate hikes. Recent U.S. economic data, including a decline in durable goods orders and consumer sentiment, reinforces the dovish tone, limiting the dollar’s strength against the yen. 2. Japanese Yen Safe-Haven Appeal The Japanese yen benefits from its status as a safe-haven currency amid lingering global economic uncertainties. Investors seeking stability are increasing their exposure to the yen, further driving USDJPY lower. 3. Declining U.S. Treasury Yields U.S. Treasury yields continue to trend lower, reflecting reduced market expectations for future rate hikes. The 10-year yield, in particular, has fallen to multi-week lows, diminishing the attractiveness of the dollar in yield-sensitive currency pairs like USDJPY. 4. Japan’s Stable Monetary Policy Outlook While the Bank of Japan (BoJ) maintains its ultra-loose monetary policy, steady domestic inflation data and a resilient labor market lend implicit support to the yen, providing a counterbalance to the dollar’s weakness. --- Technical Analysis Moving Averages and RSI USDJPY is trading below its 50-day moving average, indicating a bearish trend. The Relative Strength Index (RSI) is near neutral levels but trending downward, suggesting potential for further downside. MACD and Key Levels The MACD indicator remains in bearish territory, pointing to sustained selling pressure. Immediate support is seen at 147.20, with a break below potentially opening the door to the 146.50 level. Resistance is located at 148.50, which could cap any short-term rebounds. --- Conclusion The USDJPY pair is expected to exhibit a slight bearish bias today, influenced by a weaker U.S. dollar, stronger demand for the Japanese yen, and falling Treasury yields. Traders should monitor key economic releases and shifts in risk sentiment, which could impact intraday movements. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #JapaneseYenOutlook - #USDWeakness - #USDJPYtoday - #ForexMarketAnalysis - #USDJPYprediction
Short
by PERFECT_MFG
USDJPY Daily Analysis: Slight Bearish Bias Expected Amid WeakUSDJPY Daily Analysis: Slight Bearish Bias Expected Amid Weak U.S. Dollar and Safe-Haven Yen Demand 27/11/2024 Introduction The USDJPY pair is anticipated to hold a slight bearish bias today as macroeconomic and geopolitical factors weigh on the U.S. dollar while favoring the Japanese yen. With falling U.S. Treasury yields, dovish Federal Reserve expectations, and steady demand for safe-haven assets, the yen gains a tactical advantage over the greenback. Let’s delve into the fundamental and technical factors shaping the USDJPY outlook for today. --- Key Drivers Influencing USDJPY 1. Weaker U.S. Dollar The U.S. dollar remains under pressure as markets digest weak economic data, including slowing consumer confidence and subdued retail sales. These reports reinforce expectations that the Federal Reserve will maintain a dovish stance on monetary policy, limiting the dollar’s upside potential. 2. Strengthening Japanese Yen The Japanese yen (JPY), often seen as a safe-haven currency, is benefiting from subdued risk sentiment in global markets. Investors seeking refuge amid lingering uncertainties in economic recovery and geopolitical tensions are turning to the yen, bolstering its value against the dollar. 3. Falling U.S. Treasury Yields Declining yields on U.S. Treasuries continue to exert downward pressure on USDJPY. The 10-year yield has dipped as markets price in lower growth prospects and anticipate potential Federal Reserve rate cuts in 2025. This reduces the appeal of the dollar in yield-sensitive pairs like USDJPY. 4. Japan’s Steady Economic Data Japan’s economy shows resilience, supported by consistent industrial output and improving labor market conditions. These factors strengthen the yen’s position against the dollar. --- Technical Analysis Moving Averages and RSI USDJPY is trading below its 50-day moving average, signaling a bearish trend. The Relative Strength Index (RSI) is neutral but trending toward the oversold region, suggesting potential for further downside. MACD and Key Levels The MACD indicator remains in bearish territory, highlighting sustained downward momentum. Key support is observed at 147.00, while resistance lies at 148.30. A breach below 147.00 could accelerate bearish momentum toward the next major level at 145.80. --- Conclusion USDJPY is poised for a slight bearish bias today, driven by the weakening U.S. dollar, safe-haven yen demand, and falling U.S. Treasury yields. Traders should keep an eye on upcoming economic releases from the U.S. and Japan, as well as any shifts in global risk sentiment, which could influence intraday movements. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #JapaneseYenStrength - #USDWeakness - #USDJPYtoday - #ForexMarketOutlook - #USDJPYprediction
Short
by PERFECT_MFG
DeGRAM | USDJPY price exit from the channelUSDJPY is between the trend lines under the ascending channel. The chart broke the ascending structure and broke the lower boundary of the channel. The price has already reached the resistance level and the upper trend line, which has already acted as a pullback point twice and is now under the 50% retracement level. We expect the price to decline. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
3