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Usdjpyidea

USDJPY next movement in the next week ?The US dollar against the Japanese yen may return to the bullish path next week, after the US Federal Reserve raised interest rates and stated that it will continue to raise interest rates in the coming year. All this may increase the strength of the dollar. Here, the dollar is seen breaking a downtrend on the four-hour time frame and testing it, and for this I expect the rise to continue towards higher targets. The four golden rules of trading 1 Don't be greedy 2 Always use stop loss 3 Never add other positions to the losing positions 4 Use a suitable lot for your account ❤️Please, support our work with like & comment!❤️
Long
by zaidhatem
5
Possible Long shot on USDJPYI am considering taking a long on USDJPY with a big SL cluster that appears the last hours within 136.15-135.85 area. I need a catalyst that will provide with Upside potential on USD and take a Long on the pair by tracking it's order flows and news catalysts. Possible Catalysts for Friday 9th December. US PPI's more positive than expectations US Michigan data more positive than expectations In case USDJPY isn't close to the lowest SL cluster I will play on this pair by trying to trip SL's along with the news by tomorrow. If you want to trade like a proven funded prop trader take a look at my coaching sessions below Learn Order Flow Trading www.fiverr.com Learn Fundamental News Trading www.fiverr.com Trading Psychology & Risk Management plus all my tools on this session www.fiverr.com Learn Market Sentiment and implement to your trading www.fiverr.com Learn by Watching over my Shoulders www.fiverr.com
Long
by Investing_Bridge
Stats of Strategy: Sniper Factors to Fundamental =>Stats of Strategy: Sniper Factors to Fundamental => Base on Overall Score: Strong Trend Only FX:USDJPY History Max Loss Consecutive in a row Record History: = 4 Currently Loss Consecutive in a row: == 2|3 Opportunity, Probability: 70% | R:R:R = 1:2<=3 Entry #3 Trade: Buy | Actual Result: Win Economic Calendar 00:30 EUR ECB's Elderson Speaks 06:00 KRW CPI (YoY) (Nov) 5.0% 5.1% 5.7% 07:30 AUD Home Loans (MoM) -2.9% -4.5% -4.8% 07:30 AUD Retail Sales (MoM) -0.2% -0.2% 0.6% 09:40 AUD RBA Governor Lowe Speaks 09:40 EUR ECB President Lagarde Speaks 11:30 NZD RBNZ Gov Orr Speaks 14:00 EUR German Trade Balance (Oct) 6.9B 5.2B 2.8B 15:00 EUR Spanish Unemployment Change -33.5K -20.3K -27.0K 19:00 EUR ECB's De Guindos Speaks 20:30 USD Average Hourly Earnings (MoM) (Nov) 0.6% 0.3% 0.5% 20:30 USD Average Hourly Earnings (YoY) (YoY) (Nov) 5.1% 4.6% 4.9% 20:30 USD Nonfarm Payrolls (Nov) 263K 200K 284K 20:30 USD Participation Rate (Nov) 62.1% 62.2% 20:30 USD Private Nonfarm Payrolls (Nov) 221K 190K 248K 20:30 USD Unemployment Rate (Nov) 3.7% 3.7% 3.7% 20:30 CAD Employment Change (Nov) 10.1K 5.0K 108.3K 20:30 CAD Unemployment Rate (Nov) 5.1% 5.3% 5.2% 20:30 EUR German Buba President Nagel Speaks
Long
by ProAekTrader
USD/JPY: Trend reversal. What's next? The Japanese yen was the strongest performing currency this week, rising about 4% against the US dollar, with USD/JPY plunging below 134 to levels not seen since mid-August. Two favourable fundamental developments have fueled the yen's strength: a) Federal Reserve Chair Jerome Powell said that US interest rates might be hiked more slowly starting in December, thus effectively anticipating a 50 basis point raise. On top of that, the latest stream of US data signalled that economic activity is slowing in this quarter pushing speculators to trim expectation for Fed interest rates in 2023. The yield on the US 10-year note dropped by another 15 basis points to 3.52% this week, putting it on course to notch its fourth consecutive week of declines. b) Asahi Noguchi, a Bank of Japan board member, said the central bank might "pre-emptively" withdraw monetary stimulus if trend inflation surpasses 2% for a long time. Technically, we have also observed pivotal signals that may portend the end of the dominant bullish trend and the beginning of a bearish one. Since its October highs (151.95), the pair has now dropped 12%, breaching both the 50 and 200 day moving averages as well as major Fibonacci retracement levels such as 23.6% (142.81) and 38.2% (137.19). The RSI has reached highly oversold levels not seen since March 2020, meaning that the bearish price action was rather violent.  What can we expect from here? A critical support zone is positioned between 130.3 and 132.65. If USD/JPY breaks below 132, it would have retraced 50% of its bullish expansion in 2022, a signal that might confirm the bearish trend reversal. The 130.3 represents the lows from August, which is another technical milestone. The US NFPs from today and the CPI due out on December 13 constitute the bullish risk event for the USD/JPY and might influence the Fed's tone at the FOMC meeting on December 14. Higher-than-expected NFPs or CPI data might rekindle dollar bulls and drive US yields higher on anticipation of a hawkish Fed, resulting in USD/JPY dip buying and a possible retest of 140 levels.
by Capitalcom