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Usdjpyanalysis

USDJPY | Perspective for the new week | follow-up detailsSince the last publication; price action moved over 400 pips in our direction (see link below for reference purposes) as the Greenback rose 0.6% to close the week just below the 135.000 zone. The Japanese yen was among the worst-hit Asian currencies as the US Dollar hit a six-week high against a basket of currencies after stronger-than-expected inflation readings and hawkish comments from Federal Reserve. This video illustrates what we should be expecting from the current market structure in the coming week as price action trades between the 133.900 and 135.000 range. 00:50 Reference to last week's daily commentaries and results 05:30 USDJPY analysis on Daily Timeframe 09:50 Macroeconomic event for the week 11:00 USDJPY analysis on the 4H Timeframe 13:10 Conclusion on next week's projections Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY | Perspective for the new week | follow-up detailsAt 64.9, the Michigan consumer sentiment index for February hits its highest level in eight months as falling energy prices eased fears about inflation. This is a positive signal as it is a widely-known gauge of personal consumer confidence in the US economic activity. From a technical standpoint, the significant breakout of the supply zone at the 131.000 area last week was an emphatic bullish signal buttressing the idea that sellers might have lost the momentum; but following the retest of structure, price action was caught within a consolidation phase above the key level (131.000) to emphasize the level of indecision in this market. In this video, we looked at the possibilities and trading options we have from the current market structure as we look out for breakouts either way in the coming week for trading opportunities. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
USDJPY | Perspective for the new week | follow-up detailsThe U.S. labor market report remained surprisingly strong despite ongoing efforts by the Federal Reserve to tamp down demand. The US Dollar rallied about 2% on Friday following higher-than-expected non-farm payroll data which came in at a whopping 517,000 through the middle of January. This video illustrates a technical perspective on the current market structure to decipher potential trading opportunities in the coming week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3
Has the USDJPY started a new breakout?USDJPY, do we have a new breakout underway? After Friday’s surprise jobs report, the USD continued its revival. Combined with a weaker JPY, this led to a 2.07% surge to close out the week, and Friday’s bar also formed a breakout bar breaking the medium-term trend we have seen since October 2022. There’s other price action incorporated into this that we have covered in our analysis video. The EURJPY has also beaten resistance, but the USDJPY looks a touch cleaner chart-wise at the present. Could we see a new trend start on the USDJPY? We want to see price maintain a level above last Friday’s close, or if we see further selling, we want to see 130.50 hold. It would be a worrying sign for buyers if we see price move back below 129.30, and it could be a bust if price moves back below 128. What do you think? Do you think we have a new move higher starting? Good trading.
Long
by Eightcap
USDJPY | Perspective for the new week | follow-up detailsFollowing our previous analysis on the USDJPY where it was possible to scoop over 500 pips profit (see link below for reference purposes); price action is at a critical juncture at the moment as it oscillates around the 128.000 level. The Greenback weakens in the wake of the CPI and the Japanese Yen continues to soar ahead of the BoJ monetary policy and interest rate decision this week. Despite the US Dollar slipping to its lowest level since June 2022; there is still a long-term bullish momentum from a higher time frame's perspective (daily and weekly). Following Thursday's data showing that U.S. CPI inflation eased in December 2022, could this be a sign to anticipate a reversal pattern in the coming week or events from the BoJ will send a new wave of sell-offs in this market? Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3
USDJPY | Perspective for the new week | follow-up detailsThis is a follow-up video to last week's analysis on the USDJPY which scooped over 850 pips in profit to start the year on a profitable note (see link below for reference purposes). The US Dollar started the year on a positive note as it climbed up to test the 135.000 level before selling pressure resumed following the NFP release hereby relinquishing some of its gains to close the week at the 132.000 level. In this video, we looked at the current structure from a technical standpoint and identified the 132.000 level as a platform to look out for trading opportunities in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
6
USDJPY | Perspective for the new week/yearAsian currencies witnessed a positive start to the new year as investors bet on slower interest rate hikes by the U.S. Federal Reserve and a weaker dollar. Despite a dull start to the year, It is worth noting that the first NFP for the year is a high-impact macroeconomic event that has a tendency to bring some liquidity into the market and we are likely going to see the reflection of this anticipation on the chart in price action. In this video, we looked at the chart from a technical standpoint and deduced the importance of the 131.000 level which will be a determinant of price movement in the nearest future. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3