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Usdjpybuy

USDJPY: The foreign exchange market is quiet, the USD is stable Most Asian currencies stayed narrow on Wednesday, while the dollar steadied near a six-week high as markets awaited further signals on when the Federal Reserve might start cutting interest rates. The Australian dollar fell 0.1%, even as January PMI data showed some improvement in manufacturing and services activity. The Aussie, often seen as an indicator of broader risk appetite for Asian markets, is also trading near a seven-week low. USD steadies near 6-week high with econ. data, Fed meeting underway The dollar index and dollar index futures both fell 0.1% in Asian trading after rising to their highest since early December in the previous session. The greenback marked a strong start to 2024 as strong inflation and labor market data showed traders had largely tempered expectations for an early Fed rate cut. This perception has been exacerbated by a series of hawkish comments from Fed officials over the past week. The focus now turns to fourth-quarter gross domestic product data, due on Thursday, and PCE price index data - the Fed's preferred inflation gauge - due on Friday. Any sign of recovery in economic growth and inflation gives the Fed more incentive to keep interest rates higher for longer. The readings also come just days before the Fed's first meeting of 2024, where the bank is widely expected to maintain interest rates at a 23-year high. But the Fed is still expected to start cutting interest rates this year, which will keep traders watching for any such signals from the meeting.
Long
by Chart_MasterPro
1
USDJPY: USD/JPY fluctuated in the 146-150 range, to a greater exMizuho Bank said Japan will tolerate the yen's decline in the near term, expecting it to rise as the bank tightens policy, possibly as early as the second quarter. Additionally, Mizuho Bank said that while the Fed, ECB and BoE have not yet fully acknowledged that a rate cut is imminent, the Bank of Japan wants to avoid making a sudden change as it could could put disproportionate upward pressure on JPY. The reduction in yields and profits will work together to amplify forex moves (yen strength). Therefore, the BoJ will not rush to adjust policy that could be interpreted as tightening and concludes: Some reduction in JPY now may be the necessary balance to avoid a sudden and unwanted spike in JPY later. Expect 146-150 range in the coming months with heightened volatility.
Long
by Chart_MasterPro
2
USDJPY M15 / LONG TRADE OPPORTUNITY ✅ Hello Traders! This is my idea related to USDJPY M15. I know that it's the end of the day, but I see a good opportunity to execute a long trade. I see the change of the structure, more exactly a bullish move. A very good retracement from the resistance level and it looks very likely to go bullish. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
USDJPY: The Japanese Yen decreased because the market predicted The Japanese yen is the worst among Asian currencies through 2024, extending its decline from the previous year as traders grow more confident that the Bank of Japan will delay policy changes were extremely moderate. Reconstruction and stimulus measures following the devastating earthquake in central Japan are expected to offset any notion of BOJ policy tightening, at least in the near term. Such a scenario points to increased pressure on the yen, especially from the wide gap between domestic and international lending rates. Japan's interest rates have remained extremely low for nearly eight years. Weak data on inflation and weak wage growth also suggested less pressure on the BOJ to change its ultra-dovish course. Broader Asian currencies were trending lower, as doubts about an early Fed rate cut kept traders largely biased against the dollar.
Long
by Chart_MasterPro
USDJPY → Descending Wedge Bullish Pattern! Should We Long Here?USDJPY is forming a descending wedge pattern signaling bullish sentiment and setting us up for a long position. Are we in a position to short now? How do we trade this? 🤔 We have the wicks! But we need confirmation. We've had three pushes down that include two large wicks and some nice bullish price action that followed. What we need now is a push and a close above the Daily 30EMA to confirm the move up. These conditions will give us enough probability to enter a long. I'm playing this trade conservatively because we do have a few items working against us: 1. Lack of a Higher High 2. The Former Support Zone could act as a resistance 3. The Daily 200EMA is right above that former Support Zone (now Resistance). That being said, we have a setup for a long scalp and if we size our position properly, this is a good opportunity to grab some market movement. 💡 Trade Idea 💡 Long Entry: 142.200 🟥 Stop Loss: 140.000 ✅ Take Profit: 144.400 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Descending Wedge after Extensive Bear Run. Bias to Long. 2. Last three touches of Support had Strong Wicks. Bias to Long. 3. Look for break above 30EMA followed by Test of Support. 4. Enter 1:1 Long Scalp with Confirmation 5. RSI at 41.00 and above Moving Average. Bias to Long. 💰 Trading Tip 💰 Descending Wedges signal an increased probability of a trend reversal. Combined with strong buy bars (candles with large wicks on the bottom), creates conditions where a reversal trade is reasonable. ⚠️ 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 comment if you found this analysis useful!
Long
by TraderEngineering
10
USDJPY: Asian session update: Stocks and USD fall as they begin USD weakened, JPY and antipodeans led the rise Asian stocks fell, with futures on the S&P 500 index up slightly by 0.07% US 10-year bond yield falls 1.7bp to 3.88% Gold increased 0.5% to around $2063/oz WTI oil increased 0.2% to above $73.70/barrel Bitcoin accumulates around 43.5K Investors continued to digest November PCE and December Consumer Sentiment data released on Friday, which showed that monthly inflation in the US fell for the first time in more than 3½ years, while sentiment Consumer sentiment remains strong, reflecting the economy's durability. A deceleration in core inflation and growing recession fears will prompt the Fed to shift from "committing to fighting inflation with higher interest rates for longer" to reassuring markets that it will "not hold rates." stayed high for too long". In the FX market, major currencies increased slightly after the Christmas holiday as the USD weakened. USD/JPY is steady at 142.30. The prospect of the BoJ removing its ultra-loose policy has supported JPY's rise in recent weeks. Yesterday, BoJ Governor Ueda announced that the possibility of reaching the inflation target is "gradually increasing" and that they will consider adjusting policy if there is "enough" prospect of reaching the 2% target in a sustainable way.
Long
by Chart_MasterPro
USDJPY → Bear Run Complete! Bounce back to 152.000? Let's AnswerUSDJPY has officially broken out of the bull channel it's been in since February 2023 and fell hard into the Weekly 200EMA! The final Daily bear candle closed with a large wick over 1/3 the total size and the following Daily candle closed with a long tail as well. Does that mean we're going up? How do we trade this? 🤔 A bear breakout on a bull channel after the double top reversal is usually a signal that we're about to enter a trading range (sideways price action). We have a good show of Support at the 200EMA and possibly up to the previous high in the bull channel between 143.850 and 144.850, but we need confirmation to ensure that this Support zone is real which includes a strong bull followthrough candle on the Daily chart. Look to long toward the bottom of the trading range after it's been established, an entry around the 145.000 area is reasonable looking for a 1:1 scalp or 1:2 swing on a lower timeframe. 💡 Trade Idea 💡 Long Entry: 145.500 🟥 Stop Loss: 143.200 ✅ Take Profit: 150.100 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bear Breakout of Bull Channel, Entering Trading Range. 2. Three Legs Down to Daily 200EMA. 3. Two Large Wicks on 200EMA, Look for Confirmation. 4. Trend Change, Establishing Trading Range between 145.000 and 152.000. 5. RSI at 35.00 and below Moving Average. Wait for Confirmation to Long. ⚠️ 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 comment if you found this analysis useful!
Long
by TraderEngineering
2
#USDJPY: Still bull have the control! Dear traders, with usdjpy we expect price to rise continuously moving forward due to two main reason, firstly we think buyers presence in the market is significate and this was just a small short of retracement. Secondly, there are many majors news that will have huge impact on DXY moving forward. About entries, there are two areas of entries first is where price from the current trading price rise from this moment. Second, is where price can drop around 144-143 region and bounce from that point.
Long
by Setupsfx_
2
USDJPY Longs from 145.000 up to 148.300This week, the current position of USDJPY appears favorable, positioned near two promising Points of Interest (POIs). We are inclined towards buying opportunities as the price has recently responded to a supply zone, and we anticipate a slowdown and accumulation. Upon the completion of Wyckoff accumulation within our designated zone, we will seek buy positions for a short-term trade, aiming to reach the nearest significant supply. This counter-trend trade will serve as a retracement, acknowledging the temporary bearish trend. Confluences for USDJPY Longs are as follows: - To sustain its bearish trend, the price must respond to a demand level, prompting a retracement. - The price is nearing a crucial demand level on the 13-hour chart that has broken the structure to the upside. - There are remaining equal highs and imbalances above, which needs to get mitigated. The Dollar Index (DXY) is poised for an upward retracement, aligning with this bias. - The overall market trend on higher time frames, such as the monthly chart, remains generally bullish. - Price has taken some significant liquidity like asian lows so price might be due for a correction. P.S. Upon the price reaching our 4-hour supply zone, we will patiently await a form of redistribution to align ourselves with the bearish trend. Currently, our focus is on the anticipation of a slowdown and pullback, which we expect to occur in response to the 13-hour demand.
Long
by Hassan_fx
1
USDJPY I Rejecting support and potential riseWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
8
USD/JPY 💱 Moving in the Path of Least Resistance UsdJpy heading into Q4 23' . Interesting time because the USD may be over-extended but is it? What is the call for Q4 here Kingpin USD. Little weary to Sell UJ just because it is nearing the highs of structure.. Very likely we could continue highertimeframe momentum because wicks get filled in momentum. Taking a moment to look to the left, we may observe 152 is a range that we can go fill as the market moves to the upside with momentum. The Monthly timeframe is pushing up into the close of the Yearly candle. Next target that may occur for Q1 2024 is 155. What're your thoughts about medium term UsdJpy?
Long
by ShrewdCatfx
1
USDJPY: Comments on USDJPY on November 14Yomiru: Japan plans to reduce taxes for businesses that increase wages A source from the Yomiuri website said that the Japanese Government is considering tax reductions for companies that increase wages by 8%. The Japanese government wants to encourage wage increases as part of its fight to promote sustained and stable inflation. If the wage increase is widely applied, it will create a premise for the BoJ's arguments around gradually reducing the level of monetary policy easing, thereby supporting JPY.
Long
by Chart_MasterPro