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USDJPY: How does the recession affect?S&P500 futures have experienced some losses in Europe, indicating a cautious market sentiment. The ongoing second-quarter result season is expected to pose challenges for US equities. Investors will be closely monitoring the performance of banking and technology stocks as the Federal Reserve's higher interest rates are causing a slowdown in economic activities. The US Dollar Index (DXY) is making a significant effort to break above the immediate resistance of 100.00. If successful, this move would trigger a short-term recovery and possibly impact the demand for riskier currencies. The yields on 10-year US Treasury bonds have sharply dropped to around 3.78%.
Short
by Sphyn-Trader
8
USDJPY-NEXT MOVE CAN BE 500+ PIPS ONEEveryone, hope you all having a great week, our march setup on USDJPY have been working out perfectly, price on daily timeframe have breakout the previous structure and apparently showing strong bullish sentiment. We need to wait for DXY to show bearish price sign, once we do. UJ will drop significantly. Like and Comment, as always thank you so much for showing support and love, we will keep bringing the high quality charts and do let down any pair that you may want us to analyse.
Long
by Setupsfx_
36
USDJPYUSDJPY, due to strong DXY, as we had explained in our previous USD pairs that we are expecting DXY to be bullish in upcoming days; so current approarch on USDJPY is bullish for another month or so, we will have to wait for price to complete the bullish price momentum. Once the price reach our area of entry we can enter the swing sell position for a nice 1000 pips. Always remember patience pays. If you like our work do like and share and follow for more. Thank you as always, Happy Trading ;)
by Setupsfx_
23
USDJPY: LONG!The USD/JPY pair is showing signs of a cautious market sentiment, with its recovery from the previous day's decline fading around 144.60. This could be attributed to concerns about Japan intervening in the market to protect its currency, as it hovers near its highest levels in eight months. Additionally, fears of a recession signaled by the inversion of US Treasury bond yields are also posing challenges for buyers of USD/JPY. Japanese Finance Minister Shunichi Suzuki has stated that he is closely communicating with the US on foreign exchange matters, while the nation's top currency diplomat, Masato Kanda, is engaging with various countries including the US on currency issues. Furthermore, the inversion between the US 10-year and two-year Treasury bond yields has reached its highest level since 1981, sparking renewed worries of a recession. This is due to expectations that the Federal Reserve will raise its benchmark borrowing rates to control inflation. The two-year Treasury bond yields have dropped to 4.85%, while the 10-year counterpart fell to 3.78%. It is important to note that both benchmark yields ended Monday's trading at approximately 4.93% and 3.86% respectively.
Short
by Sphyn-Trader
6
Japan Yen's Strengthen Secure a True Low Volatile HedgeAs the Federal Reserve tightens its monetary policy and inflation rates continue to drop, the Japan Yen has steadily strengthened. This trend presents a unique chance to diversify your trading positions and capitalize on Yen's increasing value. By incorporating the Yen into your portfolio, you can potentially shield yourself from market volatility and enhance your risk management strategies. Why choose the Japanese Yen, you may ask? Well, let me share a few compelling reasons: 1. A Safe Haven Currency: Historically, the Yen has been considered a haven currency during economic uncertainty. It's stability and low volatility make it an attractive option for traders seeking a reliable hedge against market fluctuations. 2. Economic solid Fundamentals: Japan boasts a robust and resilient economy supported by technological advancements, a skilled workforce, and a commitment to innovation. These factors contribute to the Yen's strength and make it an appealing choice for traders seeking stability. 3. Diverse Trading Opportunities: The Japan Yen offers many trading opportunities across various currency pairs. Whether you prefer significant pairs like USD/JPY or exotic pairs like EUR/JPY, the Yen's liquidity, and popularity ensure ample chances to profit. Now, it's time for action! Don't miss out on leveraging the Japan Yen's strengthening trend. Here's what you can do to seize this opportunity: 1. Evaluate Your Portfolio: Assess your current trading positions and identify areas where the inclusion of the Japan Yen could enhance your risk management and diversification strategies. 2. Stay Informed: Keep a close eye on market indicators, economic news, and central bank policies that may impact the Yen's value. This knowledge will help you make informed trading decisions and maximize your potential profits. 3. Collaborate and Learn: Engage with fellow traders, attend webinars and seminars to gain insights and exchange ideas about trading the Japanese Yen. Sharing knowledge and experiences can be invaluable in refining your strategies. Remember, the forex market is ever-evolving, and adapting to new trends is crucial for success. Adding the Japan Yen to your trading arsenal can unlock a true low-volatile hedge and amplify your gains.
Short
by bryandowningqln
2
USDJPY: Economic volatility!During the Asian session on Wednesday, the USD/JPY pair faced selling pressure, causing a partial erosion of the previous day's gains that had exceeded the 144.00 level, reaching a new high since November 2022. The spot price is currently trading around 143.80, down nearly 0.20% for the day, although any significant downward adjustments still seem elusive. Japanese officials continue to issue warnings against the recent weakness of the Japanese Yen (JPY), which is considered a key factor driving some long-term relaxation around the USD/JPY pair. In fact, Japanese Finance Minister Shunichi Suzuki stated on Tuesday that they will closely monitor the forex market with a sense of urgency and will react accordingly if currency movements become excessive. This warning was reiterated by top Japanese currency diplomat Masato Kanda earlier this Wednesday.
Long
by Sphyn-Trader
2