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USDJPY I Weekly Forecast & Technical OverviewWelcome 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
11
Potential Intervention by Bank of Japan - Pause Yen Trading? As you are aware, the USD/JPY currency pair has been experiencing considerable volatility lately, with the exchange rate approaching the critical level of 155. While we strive to maintain a balanced and unbiased approach, it is essential to acknowledge the potential consequences if the USD/JPY falls beyond this threshold. In such a scenario, it is highly likely that the Bank of Japan (BoJ) may intervene to stabilize the yen's value against the US dollar. Historically, the BoJ has demonstrated a proactive approach to prevent excessive currency fluctuations, especially when they may adversely affect Japan's economy. Considering this possibility, we strongly recommend that traders take a moment to reassess their current yen trading positions. Pausing yen trading during this uncertain period may prove to be a prudent decision, allowing us to gauge the BoJ's response and the subsequent market sentiment. We understand that as traders, you possess the expertise to make informed decisions based on your individual strategies and risk appetite. However, we believe it is our responsibility to highlight potential market events that could have a significant impact on your trading activities. To stay updated on the latest developments regarding the USD/JPY exchange rate and the Bank of Japan's potential intervention, we encourage you to regularly monitor reliable news sources and leverage comprehensive research tools. In conclusion, we urge you to exercise caution and consider pausing yen trading until further clarity emerges regarding the Bank of Japan's intervention. By adopting a prudent approach, we can safeguard our positions and navigate the market with greater confidence.
by bryandowningqln
USDJPY Long Term SELLING Trading IdeaHello Traders In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
USDJPY (Continuation)The previous USDJPY thread became too long to remain practical hence, this new thread for the USDJPY. Previous thread summary ----------------------------------- Calendar days: 96 Net profit: (USDJPY only) +1073 pips (including the currency hedge adjustments in support of Nikkei long positions - +1132% Net) Max risk; 0.71% of capital; Max draw-down: -0.43% Number of trades: 52 (including hedge adjustments) Average R/R: 1:10.25 (Exclusive of hedge adjustments) ----------------------------------- Here is the Daily; Currently: FLAT -> Long Bias.
by Nemo_Confidat
4
USDJPY | Perspective for the new week | Follow-upThings are heating up as the selling pressure surrounding this pair seems to be shifting gears. The US Dollar is riding high, boasting its loftiest daily close since March. What's fueling this surge? Well, it's all about the robust economic performance of the US economic docket. Let's dive into the numbers—brace yourself for some impressive stats. The Producer Price Index (PPI) recently flexed its muscles, growing by 1.5% YoY. That's a notable leap from the prior reading of 0.8%, and it's left expectations trailing in the dust. Meanwhile, Retail Sales in August defied predictions, surging by 0.6% MoM, way above the estimated 0.2%. Not to be outdone, the US Department of Labor shared some encouraging news: weekly Initial Jobless Claims stood at a mere 220,000, down from 217,000, comfortably beating market consensus pegged at 225,000. These numbers collectively paint a picture of a resilient US economy and a notable rebound in inflation throughout August. But here's the twist—the Federal Reserve (Fed) doesn't seem swayed by these developments. Market key player suggests that the Fed is likely to keep its interest rates steady at the upcoming meeting. In the background, the Fed's steadfast hawkish stance continues to give a nod to US bond yields and fortify the US Dollar's position—for now. Now, let's pivot to the Japanese Yen's corner, where the plot thickens. The Bank of Japan (BoJ) has made its stance clear: they're not considering an exit from their ultra-easy policy unless wage and inflation data play ball. This leaves the JPY exposed to the maneuvers of its global rivals. As we gear up for the upcoming week, we're bracing for a series of pivotal economic events, including the highly anticipated interest rate decisions from both sides of the Pacific. Stay tuned for the analysis that'll keep you ahead of the forex curve! USDJPY Technical Analysis: As highlighted in the video, the recent mild downward pressure is beginning to ease, and the odds of USD pulling back further have diminished. However, only a clear break of 147.950 will validate an uptrend continuation. In this video, we conducted an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is within the key zone of 147.950, which will serve as our center of focus ahead of the upcoming week. The key level becomes an area of interest as buyers continue to knock this ceiling and a breakout/retest could incite a clear uptrend. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come. Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together. Wishing you the best of luck as you chart your course in the USDJPY market this week. #USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
Celebrate the Weakest Japan Yen in 10 Months - Long USD/JPY The Japan yen continues to display its weakness, hitting a 10-month low against the US dollar. It's time to seize this golden opportunity and consider going long on USD/JPY! The recent trend in the currency markets has shown a remarkable decline in the value of the Japan yen. As traders, we know that such fluctuations can present us with incredible prospects to maximize our gains. The current situation offers a perfect chance to capitalize on the yen's weakness and leverage the strength of the US dollar. Why should you consider going long on USD/JPY? Well, let me share some compelling reasons: 1. Weakest Japan Yen in 10 Months: The yen's value has been steadily declining, reaching its lowest point in the past 10 months. This trend suggests a potential for further weakening, making it an ideal time to take advantage of this market sentiment. 2. Favorable Economic Factors: Various economic indicators point towards a stronger US economy, including robust GDP growth, improved employment rates, and increased consumer spending. These factors contribute to the strength of the US dollar, which can further drive USD/JPY in your favor. 3. Technical Analysis Signals: Technical analysis enthusiasts will be delighted to know that several indicators are aligning to support a bullish outlook on USD/JPY. From moving averages to trendline breakouts, the charts are painting a positive picture for this currency pair. Now that you're aware of the exciting opportunity at hand, it's time to take action! Consider going long on USD/JPY and ride the wave of the yen's weakness. Remember, successful traders are the ones who spot opportunities when they arise and take calculated risks. As always, it's crucial to conduct your own thorough analysis and risk assessment before making any trading decisions. Stay informed about market developments, keep an eye on economic news, and consult with your trusted advisors to ensure your strategies align with your investment goals. Wishing you a joyful trading journey filled with profitable endeavors!
Long
by bryandowningqln
"USDJPY: Watching 148.80 for Reversal"The USDJPY currency pair is currently on an upward trajectory, approaching the key resistance level at 148.80. It's worth noting that in October of the previous year, the price experienced a significant downturn from this same level. Given this historical context, there is a reasonable expectation that a similar price reversal may occur this time as well. Should the daily candle manage to close above the critical resistance point at 148.80, it could potentially signal a further bullish extension towards the next target at 150.10. However, our strategy entails a bearish outlook. We plan to initiate a sell position at 150.10, with a target set at 145.55. This target aligns with the trend line support, which suggests a potential bearish move in the market, mirroring the historical precedent of price declines from the 148.80 level. 🔥1st Sell Entry - 148.80 🔥2nd Sell Entry - 150.10 👇TP - 145.50 🔴SL - Join Our Channel
Short
by FKW-Millions
USD/JPY Weekly Analysis - Potential SellWelcome to our weekly USD/JPY analysis on TradingView! In this post, we'll provide you with a comprehensive overview of the USD/JPY currency pair's current situation. It's currently trading within a channel, and we'll also discuss the possibility of a double top formation. Let's dive into the analysis! 📈 Key Weekly Analysis Points: Inside the Channel: Explore the implications of USD/JPY trading within the channel and its potential impact on future price movements. Double Top Potential: Discuss the formation of a potential double top pattern and its significance for traders. Support and Resistance: Analyze the crucial support and resistance levels within the channel and their importance. Trade Strategies: Discover potential trading strategies for a scenario involving both a channel and a double top pattern. If you're a trader or investor interested in USD/JPY, this post offers valuable insights to help you navigate the markets effectively on TradingView. Please remember to follow us for regular updates and analysis. Feel free to share your thoughts and questions in the comments section below. Your feedback and interaction are highly appreciated! Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your research and consult with a financial advisor before making any trading decisions. Trading involves risks, and it's crucial to manage them wisely.
Short
by Forex_Int
USD/JPY at PRZ, may fall 100 pips from hereHello everyone! There was an attempt to break the 147.85 resistance level. However, we might have witnessed a fake break on Friday and price is currently back below the resistance zone. 📌At present, USD/JPY is below the 147.85 resistance level. 📌 In the 4Hour chart, if price continues to stay below the key resistance level, we can see a pullback of 100 pips or more 📌Traders can consider selling USD/JPY@147.70-147.90 with SL above 148 and initial TP at 146.70
Short
by MarcellusLUX
2
USDJPY I Above 147.90 will pave retest to 151.90Welcome 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
USDJPY: Confidence in the uptrend!USD/JPY consolidates in a tight range around 147.40 ahead of US UoM confidence data The USD/JPY pair consolidated its recent gains in a tight range below the mid-147.00s during the first hour of Asian trading on Friday. The stronger US dollar (USD) is underpinned by strong US economic data. Meanwhile, the US Dollar Index (DXY), a measure of the USD's value against six other major currencies, held above 105.35, near its highest daily close since March. The pair is currently trading near 147.45, losing 0.02% on the day.
Long
by Sphyn-Trader
7
USDJPY: Fibonacci!During the Asian session on Tuesday, USD/JPY is struggling to rebound from its losses in the previous day. The pair is treading water around 146.60 as market participants await the release of the US Consumer Price Index (CPI). The downward pressure on the pair can be attributed to both bullish comments made by the Bank of Japan (BoJ) and a lackluster performance by the US Dollar (USD). Governor Kazuo Ueda's recent remarks indicate that there is a possibility that the Japanese central bank may consider reversing its negative interest rate policy. This development has added further uncertainty to USD/JPY movement in recent days.
Short
by Sphyn-Trader
1
BluetonaFX - USDJPY Market UpdateHi Traders! USDJPY is looking as strong as ever and does not seem to be slowing down anytime soon. Our long-term bullish outlook on this pair has worked perfectly. Since we broke the 145.073 range zone resistance, the market has continued with bullish momentum. We also had a bull flag opportunity on the 1D chart that was executed very well. The market is on its way to the psychological 150 level, which was always our long-term target. We are still on track to reaching that level as long as we remain above 145.073 and our 20 EMA. We will be looking for opportunities to buy any further dips, which we have not had on the longer time frames since the break of 145.073, so to do this, we will look at shorter time frames for more buy entries. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
2
USDJPY Carry Trade PressureThis summer, quiet markets favored the carry trade. Popular funding currencies here are still the JPY and the CNY. The carry trade involves borrowing low-interest currency and investing in high-interest currency to profit from interest rate differential and exchange rate movements. Traders often use JPY and CNY as funding currencies due to their low-interest rates and stable exchange rates, with USD being a popular target currency due to its higher interest rates and a strong economy. A higher USD/JPY means that the USD appreciates against the JPY, which is good for the carry trade. A lower USD/JPY means that the JPY is appreciating against the USD, which is bad for the carry trade. Short-covering rallies in the JPY may happen during risk-off periods, such as the bond sell-off in early August. However, the carry trade can only be disrupted by a consistent increase in volatility. July's adjustment to the Bank of Japan's Yield Curve Control, which involved raising the cap on 10-year JGB yields to 1.00% from 0.5%, did not result in a stronger yen. No additional changes by the Bank of Japan are expected until late October. It seems that the BoJ may have to intervene once more if the USD/JPY goes above 145/146 in order to limit its topside. If we see a weaker dollar in 4Q as well as some additional BoJ adjustments will may see it push back down to 130. Just a small note, I did not enter the trade yet. For now it remains an idea
Short
by RomanoRnr