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Usdjpyforecast

USD/JPY Trend AnalysisOn the first day of a new trading week, the pair was faced with new supply, and it has now given up a significant portion of its Friday gains. The riskoff trend in the markets, which tends to boost the safe-haven Japanese yen, fueled the first day of a negative move in the previous three. The fastspreading Delta variation and a global economic recession continue to worry investors. This, combined with the imminent disaster at leveraged developer China Evergrande, dampened risk appetite. Politics has contributed to the uncertainty ahead of Canada's and Germany's federal elections this week. As a result, the market's attention is drawn to the crucial FOMC monetary policy meeting, which begins on Tuesday. Investors will be looking for signals regarding the expected timing of the tapering of bond purchases, which will have a significant impact on near-term USD price dynamics and give the USD/JPY pair a new directional impetus. Meanwhile, in the absence of important market-moving economic reports on Monday, traders will look to broader market risk sentiment and US bond yields for potential short-term trading opportunities.
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by meelbijendra
20th September 2021: USDJPY Losing Momentum $108.00FX:USDJPY will be likely losing its trend next week. This projection will be lead to the price of $108.00 in near future. While waiting for the economic projection on FED 21-22 September 2021 news, the market will turns slow as all trader waiting for the news result. As many statement on the market analysis, FED will be unlikely to announce tapering next week. While the stimulus on the dollar has diminish, this will give advantages to other intrusment on hedging against the Dollar. “In the U.S., the key focus of next week will be the Federal Reserve’s meeting, though it may prove unextraordinary. After what was a disappointing August jobs report, it’s unlikely we’ll see the Fed formally announce the tapering of its outsized asset purchases. We do, however, still see that occurring this year, so we’ll be closely following Powell’s press conference for clues on the exact timing.” On the other side of sentiment and position contract, fund manager and commercial trader has been locked their selling position on Dollar next week versus the Japaneses Yen. The tide has change for next week and looking towards the Dollar find support at $108.00 versus the Yen. Zezu Zaza 2048
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by Zezu_Zaza
USDJPY IdeaG'day Guys Today we going to analyse currency pairs. US Dollar vs Japanese Yen (USDJPY) Generally, these pairs are also known as Major Pair that is most traded in Forex Industry. Based on current market situations, this pair was stuck in a sideways zone on a bigger timeframe. If you guys understand about the financial market this is the stabilization of the economy between the US and Japan. Please note, BOJ (Bank of Japan) is famous for tapering and easing to ensure their currency stabilizing every time the world financial market-facing crisis might bring Japan slammed on the economic crash. Technically, recent break out at 4 hours time frame. showing that JPY getting stronger vs Us Dollar. I personally, expecting this pair to form a downtrend rally soon. Let's see what happen next.
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by EYFMarkets
More tendies to the downside for MMs,but be careful of fake out!The dollar yen continues to trade in a range it formed since mid August, we are short on this pair but a fake out may happen to the upside before the downside targets can be achieved. BEAR CASE Price looks ready to dump down from here to reach our targets to the downside at 109 and 108.5 BULL CASE We should not be surprised if market makers continue to hunt for stop losses to the upside faking out traders before taking a dump. If this happens, we see 110 and 110.4 as possible areas of resistance.
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by IkanBilisCapital
USDJPYThe US dollar gave back early gains against the Japanese yen as the ¥110 level continues to offer resistance. By turning around the way it has, it looks as if the market will continue to favor selling pressure more than anything else. The ¥109 level continues to offer support, so if we were to turn around and break down below there then it is likely that we could go looking towards the ¥107.50 level. On the other hand, if we were to turn around and break above the ¥110.75 level, then it is likely that the market could break out towards the ¥112 level after that.
by SmoothJB