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Usdjpyidea

Two currency trades to consider in January The first month of the new year is upon us and with it a new batch of trading opportunities. But where are the trading opportunities this month? With no knowledge of what surprises may lurk around the corner, we can turn our attention to the Economic Calendar to see what events will occur and think about what assets might likely be affected by some wild swings in response. US dollar On Friday 13th, we have December inflation data from the world’s largest economy; the US. Inflation in the US has been slowing for the past five months and it is again expected to dip further in the latest reading. But, by how far is the big question. The market consensus is pointing to a fall from 7.1% to 6.5%. US inflation data is about the most interesting economic event for traders of the past few months as traders try to use it to gauge the economic consequences (and the desirability of the US dollar) of it falling too fast or not fast enough. A trade against the British pound might be a good call with the nation’s GDP data also due on the 13th, followed a few days later by its own inflation rate data. Japanese dollar We have both an important BOJ Interest rate decision (18th) and Inflation data (20th) emanating from Japan this month. The reason this is important is because the BOJ recently widened its target for 10-year government yields yet noted that it actually sees inflation falling back from its current 40-year high without it needing to change its ultra-loose monetary policy. Some market participants, including Trading Economics are pointing to Japanese inflation rising still higher, by 10-basis-points, for its December reading. All these seemingly hard-to-amalgamate perspectives means the Japanese dollar might be a good trade this month, against the US dollar, pound, or Australian dollar.
by BlackBull_Markets
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