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.
Usdjpylong
USDJPY - Fill the gap before bearish continuation ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: As I said in my previous analysis price started the retracement, on 1H timeframe we can see that price changed the character. Now I expect price could fill the gap higher before going lower.
Fundamental analysis: Tomorrow will be released monthly and yearly CPI on USD and on Thursday monthly PPI. Pay attention to the results in order to validate the analysis.
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USDJPY - AnalysisUSDJPY
W1 - Uptrend, targets that we can potentially reach 167.571
The nearest target is 157.460 - from this level a correction and further upward movement may follow, as well as a possible trend reversal. When reversing, you can expect a three-wave structure; if the trend changes, global targets may be 137.806 - 127.111
What can you expect?
Continuation of the upward trend - the target can be set at the level of 152.028 - 157.460
Long
Targets – 148,299 - 149,139 - 149,907
Long-term perspective - goals 152,028 - 157,460 - 167,571
USDJPY LONG! EYES ON USD DATA!!Hey Traders,
What we believe UJ price moves as mentioned on the chart,
So we expect price to break just above and go higher,
Therefore, how you can jump in this trend?
Answer is quite clear, in HT we confirm that we are in extremely bullish move, and according to the JPY data we going to have more pressure on JPY currency,
So how we enter! Look I mentioned toppest green area, as soon as we confirm BMS in 1h or 30M, we can place an order in first POI bellow, so I will try to share with you guys as soon as I get the position
So just be careful of data from USD as we have NFP at front, However still I believe, price can move higher and higher
Any question comment me bellow,
@FxShzd
USDJPY, Bullish Swing Trade IdeaRIse and Shine traders,
After waiting patiently for almost two weeks, Uj is finally making some movements. I personally waited one week for price to retrace to @146.500 price area. Now that price is in the area of interest, now is the time to look for entry points. Look for price to potentially hit @147.408 and reject and retrace down to the next area of support @1460.940.
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.
USD/JPY overreacts to rate hike signal from BoJ? A huge gap in USD/JPY has appeared to start the week after comments from Bank of Japan Governor Kazuo Ueda about a possible end to its negative interest rate policy (NIRP). In a Saturday Yomiuri newspaper interview, Governor Ueda mentioned that by the end of the year, the BOJ could accumulate enough data to assess whether the conditions are present to raise interest rates. Ueda comments follow a series of hawkish comments by BOJ officials in recent weeks amid inflationary pressures within Japan.
On Monday morning, USD/JPY retreated from its 10-month peak of 147.87. It traded down to 145.89, found resistance just below 147.00, before finding a home around 146.56.
Is the market overreacting to Ueda’s comments though? His talk of an exit doesn’t suggest any big changes to monetary policy this year at least, and moving from –0.10% to non-negative rate is symbolically important, but the BoJ (Bank of Japan) rate is still 5 percentage points behind the Fed’s. Knowing this, would you be surprised if the USD/JPY begins its assent again? US CPI (Consumer Price Index) data out this Wednesday could be a catalyst for the pair to target 147.00 again, depending on whether price pressures rise more than expected (currently the consensus is for a rise from the current 3.2% to 3.5%)
CHFJPY I Short-term buy and potential move lowerWelcome back! Let me know your thoughts in the comments!
** CHFJPY Analysis - Listen to video!
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USDJPY: BoJ has a strong influence on the position of the currenThe USD/JPY pair broke its winning streak of three days, trading lower around 147.40 in the early hours of Wednesday's European trading session. The currency pair retreated from its recent highs reached on Tuesday, marking a new high since November 2022. The pair is facing downward pressure following a statement from Japan's top currency diplomat, Masato Kanda, according to Reuters' report.
USDJPY I Weekly forecast and opportunity aheadWelcome 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.
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USDJPY | Perspective for the new week | Follow-upIn a fresh turn of events, USDJPY surged to new intraday highs on Friday, but the question remains: Can it sustain its four-week uptrend? Meanwhile, Japan's economic output hit levels above full capacity in April-June for the first time in nearly four years, raising questions about the possibility of a shift in ultra-low interest rate policy.
Adding to the intrigue, Japan’s Finance Minister, Shunichi Suzuki, weighed in on Friday, emphasizing the undesirability of sudden FX movements and asserting that Forex rates should be influenced by market conditions and fundamental factors.
On the flip side, wage growth in the U.S. is showing signs of slowing down, adding a layer of complexity to the job market. These mixed signals are fueling uncertainty about the Federal Reserve's forthcoming interest-rate decision, scheduled for September 20th. Fed Chair Jerome Powell's recent remarks at the Jackson Hole Symposium underscored the importance of incoming data, particularly in the context of the evolving relationship between inflation and employment.
So, as we look ahead, what does the coming week hold in store for USDJPY?
USDJPY Technical Analysis:
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 still within the key zone of 144. 600 and 146.600 zone, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that has led to choppy consolidation before a clear direction emerges. 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
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(USDJPY) : Obvious Uptrend on the Daily ChartHello guys, I hope you're all doing well. For USDJPY, I think the price will still stay upward and continue slowly (between the upward parallel channel) till the 151 area, and then we could expect a reversal or even breaking the major resistance. In my opinion, breaking the resistance has a better chance than reversing it. Finally, I'm looking for the best moment to place my order.
May you all be PROFITABLE,
USDJPY TECHNICAL ANALYSIS Good day, Trader.
We'll be keeping an eye on USDJPY. Even though the 4-hour timescale clearly shows a bullish continuation pattern, I like to be careful. Before going long, I will patiently wait for price to break out of and retest the 1.46.643 zone, and before considering selling USDJPY, I will be anticipating price to totally take out the 145.953 zone. Recall that patience is crucial, and that entry requires confirmation.
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USDJPY - Long bullish order block ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional mid figure 145.500.
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UsdJpy- Will it test 150 again?Two weeks ago I drew attention to the 145 level that should provide support for UsdJpy.
Indeed, the pair reversed twice from this level with a very strong reversal last Friday.
As we clearly see from the chart, the trend is strongly bullish, and the only thing that brings some buying power for JPY is BoJ.
I expect continuation to the upside and a new test of 150.
However, as I just said, KEEP IN MIND A BOJ INTERVENTION AND USE STOP LOSS!!!