USDJPY: The USD weakened without the catalyst of important econoIn the foreign exchange market, the U.S. dollar weakened, closing at the day's low, extending Tuesday's losses. Data: October building permit applications were higher than expected, but did not provide much support for the dollar. Sterling fell by nearly 40 pips following October's retail sales data, but then rebounded sharply as the US dollar weakened. The yen led the rise among major currencies at the close of trading.
Usdjpydaily
PIMCO Is Buying Yen to Brace for Imminent BOJ Monetary Policy ShPIMCO, one of the world's leading investment management firms, has taken a significant position in buying yen, indicating their preparedness for an imminent tightening of the Bank of Japan's (BOJ) monetary policy.
The BOJ has long been known for its accommodative stance, but recent economic indicators and signals from policymakers suggest a potential shift towards a more hawkish approach. PIMCO's move to buy the yen serves as a clear indication that they anticipate the BOJ to take actions that could strengthen the Japanese currency.
Given PIMCO's reputation and expertise in navigating global markets, their decision to buy yen should not be taken lightly. It is crucial for us to consider the potential implications of this move and the impact it may have on the USDJPY currency pair.
Given these developments, I strongly encourage you to consider a short position on USDJPY. While this decision ultimately rests in your hands, weighing the potential risks and rewards is important. As PIMCO's move suggests, a tighter BOJ monetary policy could lead to yen appreciation, thereby weakening the US dollar against the Japanese yen.
Timing is of the essence, and it is essential to act swiftly in the face of this potential shift in the market dynamics. I recommend conducting thorough research, analyzing market trends, and consulting with your trusted advisors before making any investment decisions.
As always, it is essential to remain vigilant and adaptable in these uncertain times. The global financial landscape is constantly evolving, and it is our responsibility as traders to stay informed and make informed decisions.
If you have any questions or require further assistance, please do not hesitate to reach out. Together, we can navigate these challenging market conditions and seize the opportunities they present.
Wishing you success in your trading endeavors.
USDJPY: It cannot be said with certainty that a weak JPY has a nBank of Japan Governor Ueda said:
It cannot be said that the weak yen will have a negative impact on the Japanese economy.
A weaker yen promotes domestic inflation due to higher import costs.
Weak yen has a positive impact on exports and profits of Japanese companies globally
We do not comment on exchange rate fluctuations
As we get closer to our inflation target, we will be discussing exit strategies and outlooks, including ETF purchases.
The Bank of Japan has no concrete plans to sell ETFs.
When we sell ETFs, we do so in a manner that minimizes market disruption and significant losses to the Bank of Japan's balance sheet.
USDJPY I Potential long from support Welcome back! Let me know your thoughts in the comments!
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USDJPY: Japan's Economic Minister warned that the global recessiStatement from Japan's Minister of Economy on the third quarter GDP report:
It should be noted that the threat of global recession is depressing the Japanese economy
Domestic demand, including consumption and investment funds, decreased significantly in the third quarter
Personal consumption slumps due to rising prices
Industrial production is under pressure due to rising raw material prices and reduced investment in construction and machinery.
Consumption of services such as eating out continues to recover
Concerns about the future of the Chinese economy need to be carefully monitored
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.
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USDJPY: Asian foreign exchange market calms down, US dollar recoMost Asian currencies fluctuated in a narrow range on Wednesday, but the dollar pared recent gains after some Federal Reserve officials warned against betting the central bank would stop raising interest rates. Expanded.
This will focus attention on Fed Chairman Jerome Powell's upcoming speech as markets look for further signals on U.S. monetary policy.
Sentiment towards Asian markets remains subdued as traders remain nervous about hawkish signals from the Federal Reserve. Signs of continued weakness in China's economy also have traders wary of regional markets.
The Japanese yen fell 0.1%, remaining above 150 yen to the dollar, with dovish signals from the Bank of Japan and a strong dollar providing little support. The weak currency has traders bracing for possible foreign exchange market intervention by the Japanese government aimed at strengthening the yen. Japan's cabinet issued a series of verbal warnings against such moves in October.
Celebrate the Yen's Historic Low Against Euro and Dollar Picture this: the yen, once a mighty force in the currency market, is now presenting us with an incredible chance to capitalize on its current weakness. It's time to put on your trading hats and consider going long on the yen!
Now, you might be wondering, "Why should I care about the yen's historic low?" Well, my fellow traders, let me break it down for you. A weaker yen means that it takes more yen to purchase the same amount of euros or dollars. This situation can lead to potentially lucrative opportunities for those who are willing to take action.
Here's where the excitement builds up: by going long on the yen, you have the chance to profit from its potential recovery against the euro and the dollar. As the yen gradually strengthens, you can ride the wave and watch your profits grow. It's like catching a rising star in the currency sky!
So, how can you seize this golden opportunity? Here are a few steps to get you started:
1. Conduct thorough research: Dive into the current market trends, analyze historical data, and keep an eye on any relevant news or economic indicators that may impact the yen's future performance.
2. Develop a trading strategy: Craft a well-thought-out plan that aligns with your risk appetite and trading goals. Consider factors such as entry and exit points, stop-loss orders, and profit targets to maximize your potential gains.
3. Stay informed: Continuously monitor the market and stay updated on any developments that may affect the yen's trajectory. Being aware of market sentiment and adapting your strategy accordingly will help you stay ahead of the game.
4. Utilize risk management tools: Remember, trading involves risks. Implement risk management techniques such as setting appropriate position sizes, using stop-loss orders, and diversifying your portfolio to protect your investments.
5. Seize the moment: When you feel confident in your analysis and strategy, take action! Execute your trades and keep a close eye on the yen's performance to make timely adjustments if needed.
Remember, my fellow traders, fortune favors the bold! The yen's historic low against the euro and the dollar presents a unique opportunity for those who are willing to take action and ride the potential wave of yen appreciation. So, let's embrace this exciting moment and make the most of it!
USDJPY - Bullish continuation ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Nothing changed here, as I said in my previous analysis I have a long position, expect price to take buy side liquidity and to create new higher high. I will secure my trade and move SL to BE.
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USD/JPY Daily Analysis - The Pullback has Begun! Fall to 146.000USD/JPY has finally touched the previous high of 152.000 with a strong bull candle that we'll call a Bull Capitulation. Immediately after that price target was hit, we saw a series of bear bars falling to the 30EMA. We have now been above the 30EMA for 69 days and after touching a key price range, have a high probability of falling below down to the bottom of the bull channel at the 145.000-146.000 range.
Key Points:
1. We're in a Bull Channel which means we have a better chance of profit longing.
2. Previous High of 152.000 has been touched.
3. Bull Capitulation Candle on Oct 23.
4. DXY Strong Bear Signal Bar of the bottom of the bull channel.
5. JPXY Still at Risk of Bull Reversal, this week's candle may decide.
6. RSI has room to fall and while a weak indicator, supports the previous 5.
As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful.
Trade wisely and let us know what you think in the comment section below!
USDJPY - Long after a retracement ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. After news on JPY price has a strong impulse, I wait for a retracement to fill the imbalance lower and then to reject from bullish order block
Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news.
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USDJPY: Today's (November 3) USD exchange rate: Following the...The US dollar kept falling during the most recent trading session as traders gambled that the US Federal Reserve (Fed) had finished tightening its monetary policy and decided to hold interest rates steady.
As a result, the Fed resolved at its policy meeting in November to maintain current interest rates while assessing the financial landscape to gauge its capacity to contain inflation. Fed funds futures indicate that there is less than 20% likelihood that the Fed will raise interest rates in December, but investors continue to support the belief that US interest rates have peaked. Stocks have recovered as a result of that viewpoint increasing investors' risk appetite.
The dollar weakened 0.3% versus the Japanese yen to 150.44, retreating from this week's one-year high
USDJPY: Japanese Prime Minister Kishida: The economic stimulus Japanese Prime Minister Kishida said:
The economic stimulus package totals about 17 trillion yen, including tax cuts
Supplementary budget to finance the economic stimulus package worth 13.1 trillion yen
Will try to pass additional budget one day soon
So in the near future will JPY continue to increase?
USDJPY 4H :Support further rise USDJPY
New forecast
The dollar/yen pair rose strongly to cross and settle above the 151.00 barrier, reinforcing expectations that the upward trend will continue to dominate in the long term, paving the way for additional gains of up to 152.50.
Therefore the upward scenario will be remain valid and affective supported by moving average 50 that is continues to support the price to rise up but the current negativity may cause some temporary sideways fluctuation before resuming the proposed rise, so may the price try to do negative correction to 151.00 and then rise up,taking into account that the upward trend which will remain in place provided that the price maintains its stability above the 150.46 level.
The expect range trading for today it will between resistance line 151.76 and support line 151.00.
Additionally ,Today News will affect the market .
support line : 151.00 , 150.46
resistance line : 151.50 , 152.50
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JPY plummeted with bad newsThe Bank of Japan adjusted monetary policy, the Yen suddenly plummeted
According to results from the Bank of Japan's two-day meeting, the bank's Policy Committee allowed 10-year bond yields to exceed 1%, considering this level as an upper threshold instead of a ceiling. hard and remove the commitment to protect this ceiling by buying bonds with unlimited volume.
Short-term interest rates are set at -0.1%, while 10-year bond yields are at around 0% under yield curve control, as is the current policy.
The above decision shows that rising global bond yields and persistently high inflation are making it more difficult for the Bank of Japan to maintain its yield curve control policy.
USDJPY: Yen appreciates ahead of BOJ meetingWith the yen weaker than it was last week when it reached a one-year high of 150.78, USD/JPY dropped 0.1% to 149.50.
The focus will be on the BOJ meeting's conclusion on Tuesday, when it is anticipated that the central bank would make additional announcements regarding its policy to manage the yield curve. High rates of inflation and the sharp fall in the value of the Yen are problems facing this product.
A revival of Japanese consumer inflation is indicated by recent data, and this could lead the Bank of Japan to announce plans to tighten its incredibly lax policy.
USD/JPY: Japanese Yen retests the psychological threshold of 150Finance Minister Shunichi Suzuki said Thursday that authorities were closely monitoring current developments and warned investors not to sell the yen.
The Bank of Japan's ultra-easy monetary policy is putting pressure on the Japanese yen as other central banks tighten policy at an unprecedented pace to curb inflation. Rising government bond yields and global inflation have pushed up Japanese government bond yields, putting pressure on the Bank of Japan to adjust its yield curve control (YCC) policy. The Bank of Japan has been adjusting its YCC policy for several months, and this may continue at next week's meeting.
Alert: Yen's Weakening Against Dollar Raises Intervention Risk Over the past few weeks, we have observed a steady decline in the value of the yen against the dollar. This trend has raised serious concerns about the possibility of intervention by the Japanese government or central bank. As traders, it is essential that we consider the potential implications of such intervention and take appropriate action to safeguard our positions.
Given the current state of affairs, I strongly urge you to consider going long on the yen. However, it is equally important to remain cautious and closely monitor any signs of intervention by Japanese authorities. The intervention risk is real and could significantly impact the yen's value in the market.
To ensure you make informed decisions, I encourage you to keep a close eye on key economic indicators, news releases, and any statements from Japanese policymakers. Additionally, staying updated on market sentiment and expert analysis will be invaluable in navigating this uncertain landscape.
As we move forward, let us remember that risk management is of utmost importance. While there may be opportunities to profit from the yen's weakening, it is crucial to have a well-defined risk management strategy in place. This will help protect your investments and mitigate potential losses in case of unexpected market movements.
In conclusion, I want to emphasize the importance of being proactive and prepared in these challenging times. By going long on the yen while remaining vigilant for potential intervention, we can position ourselves strategically to take advantage of market opportunities while minimizing risks.
Should you have any questions or concerns, please do not hesitate to comment below. Let us support each other and collectively navigate through this period of uncertainty.
USDJPY and USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.