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Usdjpybuy

USDJPY: USDJPY analysis todayDespite the dollar's general weakness against most of its counterparts, it continues to rise against the Japanese yen. The dollar rose 0.12% to 156.245 yen today, after previously reaching 156.80 yen. Japan's long-term yield remains low at 0.955%, even as the Bank of Japan's stance becomes more hawkish and the likelihood of a rate hike in June increases. The dollar's recent peak against the yen on April 29, a 34-year high, prompted suspected interventions from the Bank of Japan and the Japanese Ministry of Finance. . Analysts, including IG's Tony Sycamore, speculate on the possibility of further intervention depending on the outcome of the US CPI report.
Long
by Chart_MasterPro
Timing the BOJ's next intervention? We have seen 2 interventions from the BOJ over the past 2 weeks. The first came when the USDJPY hit between 158.000 and 160.000 and the second when it hit almost 158.000. With the BOJ warning that it is ready and willing to step in again, how smart is it to try to catch the ride down if or when the BOJ steps in again? Finance Minister Shunich Suzuki reiterated the authorities' readiness to counter excessive foreign exchange fluctuations. At the same time, Bank of Japan Governor Kazuo Ueda expressed intent to assess yen movements' impact on inflation for guiding policy decisions. "Foreign exchange rates make a significant impact on the economy and inflation,” Ueda underscored in response to questions in parliament yesterday. But this is perhaps a slightly different story, but still, something for traders to consider. Last week, BOJ data suggested it had spent $60 billion to defend the yen. But all this has done, according to some analysts, is buy the Japanese authorities time, with the USDJPY steadily climbing back to intervention levels (given the substantial interest rate difference between Japan and the US). But can we expect the BOJ to intervene again and again? US Treasury Secretary Janet Yellen emphasized interventions should be infrequent and ideally coordinated with the broader central banking community, or at least signaled in advance. So, the BOJ will be wary of its international reputation too.
by BlackBull_Markets
USDJPY: Japanese Yen reverses some gains, USDJPY risesThe Japanese yen USDJPY rose 0.6% on Monday, although trading volumes in the currency were limited due to a market holiday in Japan. The rate is inversely linked to the strength of the yen, which has fallen sharply from a 34-year high of more than 160 yen last week amid signs of repeated government intervention in currency markets. But given that the fundamentals behind the yen's weakness - primarily the wide gap between US and domestic interest rates - remain, the yen's decline continues.
Long
by Chart_MasterPro
1
USDJPY: The Japanese yen rose suddenly amid intervention speculaThe Japanese yen experienced a notable rise on Monday, which analysts interpreted as a potential sign of intervention by Japanese authorities in the foreign exchange market. The move comes after a significant depreciation of the yen, which has fallen nearly 11% against the dollar this year and 35% over the past three decades, recently hitting a 34-year low. Monday's operation follows months of warnings from Japan that it may intervene in foreign exchange markets. The Japanese government's most recent intervention took place in September and October 2022, with an estimated 9.2 trillion yen ($60.78 billion) spent to support the currency. This is not the first case of intervention; During the 1998 Asian financial crisis, the yen fell nearly 25% in 14 months, prompting the United States to join Japan in a successful intervention effort.
Long
by Chart_MasterPro
#USDJPY: Still Bullish, Next Target 163.00| SetupsFX_ |Dear Traders, Hope you are doing great, right here we have an excellent opportunity of buying USDJPY, JPY plummeted few days ago as BOJ kept the interest rate as the same and decided not to change. Leading a heavy sell off on YEN. However, price did make strong correction right after the sell off, though we think it was temporary correction. Right now price is at perfect buying area from which it can rebound strongly. Like and Comment if you like or agree with our idea! :)
Long
by Setupsfx_
USDJPY → Aiming for 176.500!? Let's Dig In.USD/JPY broke ascending triangle pattern at the 152.00 Resistance level per my last analysis. Since then, we have seen the completion of the measured move to 154.500 followed by a third leg up to 158.350! Is this the moment to long? Or are we in for a hard sell-off? Previous Analysis: How do we trade this? 🤔 I would not long the market open. After a strong Friday push, traders are far more likely to take profits, likely pulling the price down to the 156.000-157.000 range with the possibility of a hard wick to the 153.000-154.000 area. That being said, we should remain long-biased and buy these pullbacks, as USD/JPY has been on this bull trend since January 2021. This trade pertains to the Weekly timeframe. I would drill into the 4HR and Daily to find more precise entries. It's reasonable to assume the pullback at this level, so we should look for a bounce at one of the key areas mentioned and enter a long position. On the Weekly, aim for a first take profit of 169.500 where half the position is taken off the table, then move the stop loss up to the entry price. The second take profit should be taken just before the 1978 key level of 176.900. 💡 Trade Idea 💡 Long Entry: 156.700 🟥 Stop Loss: 150.300 ✅ Take Profit #1: 169.500 ✅ Take Profit #2: 175.900 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Breakout of key 152.000 price level 2. Strong bullish price action completing the measured move to 154.500 3. Third leg to 158.350 complete, wait for a pullback 4. Enter a 1:3 Risk/Reward trade taking half profits at 1:2 Risk/Reward. 5. RSI at 74.00 and above the Moving Average, supports pullback. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
USDJPY Cup & Handle Pattern Indicates Bullish Breakout PotentialInstrument: USD/JPY Pattern Formation: Cup and Handle Current Situation: Near Key Resistance Level Analysis: The USD/JPY currency pair has been exhibiting a compelling technical setup, characterized by the formation of a Cup and Handle pattern near a crucial resistance level. This pattern suggests a potential bullish continuation in the prevailing uptrend. The Cup and Handle pattern typically signifies a period of consolidation followed by a breakout to the upside. As such, we anticipate a bullish breakout in the near term, indicating favorable trading opportunities for market participants. Trade Recommendation: - Entry Point: Initiate long positions upon a re-test of the price near 151.900, ideally confirming the bullish momentum. - Stop Loss: Place a stop-loss order at 150.180 to mitigate potential downside risk and preserve capital in the event of adverse price movements. - Take Profit Targets: - TP-1: Set the first take-profit target at 153.650, reflecting a conservative projection of the upward price movement. - TP-2: Aim for a secondary take-profit level at 155.400 to capitalize on extended bullish momentum, considering the potential for further upside. Risk Management: It is crucial to adhere to proper risk management practices, including position sizing and stop-loss placement, to safeguard against unexpected market fluctuations. Traders should also remain vigilant and adjust their positions accordingly based on evolving market conditions. Conclusion: In summary, the technical analysis suggests a bullish outlook for the USD/JPY currency pair, with the formation of a Cup and Handle pattern near a key resistance level. Traders may consider implementing long positions, with defined entry, stop-loss, and take-profit levels, to capitalize on the anticipated upward breakout. Note: This analysis is based solely on technical factors and does not account for fundamental or external market influences. Traders should conduct their own research and exercise discretion before entering any trades.
Long
by trading_jupiter
1
USDJPY → At 152.000 Resistance! Will it break to 160.000?USD/JPY has been bullish since January 2021 and is currently in an ascending triangle pattern, indicating a potential push through the 152.000 resistance level. Is this the moment to long? How do we trade this? 🤔 We need to wait for a confirmed breakout of 152.000. The probability of a breakout is high, but we need the confirmation of support at 152.000 to justify a long entry. Once we see a strong bull candle off of support, a 1:2 Risk/Reward on the Weekly timeframe is a straightforward trade to take. The RSI is around 60.00 and above the Moving Average, providing enough headroom for a move to the upside. It's also reasonable to take a long trade on the Daily timeframe which will allow you to get an earlier entry and a better Risk/Reward, but the Weekly timeframe provides us with a clearer picture of the situation. When Take Profit #1 is hit, half of the position should be sold, the stop loss should be moved to the entry price, and the second half of the position should go to Take Profit #2. This locks in profits after the first take profit which is at 1:1 Risk/Reward. 💡 Trade Idea 💡 Long Entry: 153.570 🟥 Stop Loss: 150.900 ✅ Take Profit #1: $156.400 ✅ Take Profit #2: $158.900 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Ascending Triangle at 152.000 Resistance level, a bullish pattern. 2. 30EMA providing key support above the ascending support band. 3. Wait for a breakout of 152.000 resistance and confirmation of support to long 4. Enter a 1:2 Risk/Reward trade taking half profits at 1:1 Risk/Reward. 5. RSI at 60.00 and above the Moving Average, supports long bias. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
Usdjpy signal USD/JPY is sitting at multi-decade highs shy of 154.00 in the European session on Monday. The Japanese Yen continues to be undermined by the BoJ’s uncertain outlook about future rate hikes. Intervention fears and persistent geopolitical tensions could help limit losses for the safe-haven JPY. From a technical perspective, the post-US CPI breakout through a two-week-old trading range resistance near the 152.00 mark favors bullish traders. That said, the Relative Strength Index (RSI) on the daily chart – though it has eased from higher levels – is hovering near overbought territory. This makes it prudent to wait for some near-term consolidation or a modest pullback before positioning for any further appreciating move. In the meantime, the multi-decade high, around the 153.25-153.30 region, now seems to act as an immediate hurdle, above which the USD/JPY pair could aim to reclaim the 154.00 round figure. On the flip side, any meaningful corrective decline below the overnight swing low, around the 152.75 zone, is more likely to attract fresh buyers and remain limited near the trading range breakout point, now turned support, near the 152.00 mark. The said handle should now act as a strong base for the USD/JPY pair, which, if broken decisively, might prompt some profit-taking and pave the way for a slide towards the 151.40 intermediate support en route to the 151.00 round figure. Some follow-through selling will suggest that spot prices have topped out in the near term and shift the bias in favor of bearish traders. USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis. Confirm Chart
Short
by JohnHarry_7
USDJPY: USD/JPY returns to 152 regardless of intervention threat The Japanese yen weakened barely on Tuesday, with USDJPY now lower back toward 152 - its maximum stage in view that 1990. The yen`s weak spot comes whilst Japanese officers time and again warn that they'll reply correctly to hypothesis in opposition to the yen. However, promoting momentum piled at the yen, specially withinside the face of better longer-dated US hobby costs, that have been the principle weight at the Japanese foreign money for almost years. The yen additionally obtained little assist from the Bank of Japan's first hobby fee hike in 17 years, because the valuable financial institution presented dovish alerts on destiny coverage decisions. . Dollar steadies on CPI information, recognition on Fed assembly minutes The greenback index and greenback index futures had been little modified in Asian buying and selling after posting a few in a single day losses. But buyers are nevertheless in large part biased toward the dollar given the numerous alerts on US hobby costs this week. Consumer Price Index inflation information for March is due out on Wednesday and is extensively anticipated to expose inflation final properly above the Fed's 2% annual target, leaving the valuable financial institution with little Motivation to begin reducing hobby costs soon. Minutes from the Fed's March assembly can also be launched on Wednesday and are available amid developing doubts approximately whether or not the valuable financial institution will begin reducing hobby costs in June. A string of Fed officers warned that difficult inflation could maintain the Fed from reducing hobby costs early this year.
Long
by Chart_MasterPro
2
USDJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
Minutes of the Bank of Japan`s January assembly - the opportunit Minutes of the Bank of Japan's financial coverage assembly on January 22 and 23, 2024, complete textual content here: Members agreed that they have got now no longer but reached the level in which the inflation goal may be done sustainably Members proportion the view that the probabilities of attaining 2% inflation are increasing, so if we are able to affirm a tremendous cycle in wages and inflation, we are able to take into account finishing bad hobby charges and Unusual loosening steps Some individuals stated the hazard of inflation exceeding the 2% goal had emerge as smaller One member stated if a ruling on finishing bad hobby charges is delayed, it'd prevent efforts to attain the 2% goal and referred to as for a fast tightening. One member stated now's a once-in-a-lifetime possibility to extrade financial coverage One member stated the scope for financial coverage flexibility might be decrease for Japan as different nations pass to reduce hobby charges. Some individuals trust that they have to forestall shopping for ETFs and JREITs if they could attain the inflation goal Some individuals stated the BOJ isn't below stress to hurry up hobby fee will increase like in Western nations.
Short
by Chart_MasterPro
Decoding USD/JPY Future in a Changing Economic Landscape Multi-Timeframe Technical Analysis for USD/JPY 1. Monthly Time Frame: - Key Observation: Noticeable rejection of the USD/JPY price at a significant support level, indicating potential bullish sentiment or a reversal point. - Additional Note: High liquidity observed at price highs, marked by two equal highs, which could signify resistance zones. 2. Weekly Time Frame: - Key Observation: Transition in market structure from bearish to bullish, indicating a potential longer-term upward trend for USD/JPY. 3. Daily Time Frame: - Key Observation: A shift in market sentiment is evident, aligning with the bullish outlook observed in the weekly timeframe. Fundamental Analysis: Federal Reserve Policies and Economic Indicators 1. Federal Reserve's Stance: - Policy Outlook: Continuation of a restrictive monetary policy for the foreseeable future, with the possibility of rate peaks being reached. - Inflation Control: Strong emphasis on reducing inflation sustainably before policy easing. 2. Economic Indicators: - Optimism on Inflation: Growing confidence in managing inflation, with potential rate cuts envisioned in 2024, though the exact timing remains uncertain. 3. Market Reaction: - Impact on USD/JPY: The Federal Reserve's stance typically has a direct impact on USD/JPY. A more restrictive policy tends to strengthen the USD against the JPY, while a more dovish stance or rate cuts could weaken it. 4. Future Projections: - Interest Rate Trajectory: Anticipation of three rate cuts in 2024, suggesting a potential future weakening of the USD against the JPY. - Economic Growth Forecast: Slow growth expected in 2024, which could influence currency strength dynamics. 5. USD/JPY Specifics: - Japanese Economic Factors: Apart from U.S. economic indicators, USD/JPY traders should also consider Japan's economic health, monetary policy, and geopolitical factors influencing the yen. Trading Implications for USD/JPY - Short-Term Strategy: The bullish technical signals on higher timeframes suggest potential long positions in the short to medium term. However, be mindful of resistance levels highlighted by the liquidity at price highs. - Long-Term Outlook: Fundamental analysis indicates potential weakening of the USD in 2024 due to anticipated rate cuts. Traders may look for signs of trend reversal or strengthening of the JPY for future positioning. - Risk Management: Keep an eye on upcoming Federal Reserve meetings and announcements, U.S. economic data releases, and Japanese economic indicators. These can cause significant volatility in the USD/JPY pair. Conclusion For USD/JPY, the current technical analysis suggests a bullish trend in the near term, but fundamental factors indicate potential shifts in 2024. You should maintain a balanced approach, staying updated with economic developments and central bank policies in both the U.S. and Japan. As with any currency trading, risk management and continual reassessment of the market conditions are crucial.
Long
by Wiiso
USDJPY: USD/JPY stabilizes, market focuses on BOJ interest rate The Japanese yen changed into mildly risky on Monday after a risky week amid hypothesis approximately an cease to the BOJ`s yield curve manage and terrible hobby quotes policies. The BOJ started a two-day assembly on Monday, with a choice to be introduced on Tuesday. The USD/JPY change fee has fallen to 146 in line with dollar, specifically after reviews that Japanese hard work unions have performed big salary will increase this year. Recent facts additionally suggests that inflation stays stable, with each elements giving the BOJ sufficient self belief to cease its ultra-dovish policies. However, analysts stay divided on whether or not the financial institution will increase hobby quotes in March or April, with the overall consensus barely leaning in the direction of an April move. BOJ predicted to elevate hobby quotes through 20% foundation factor to 0.1% from terrible 0.1%. While any fee hike bodes properly for the yen, hypothesis over the timing of a fee hike has visible USD/JPY mark risky actions in latest weeks. The fee hovered round 149 on Monday.
Long
by Chart_MasterPro