🚀 USDJPY | Get on board 🚀Hello.
Japan mobilised hundreds of billions of USD in its currency reserves in 2020 to defend the Bank of Japan’s (BoJ) unmoved monetary policy and the JPY itself as the BoJ refused to hike the policy rate from -0.1 percent or to lift the yield cap on 10-year Japanese government bonds at 0.25 percent. As 2022 rolls into 2023, the pressure on the JPY and the Japanese financial system mounts again on the global liquidity crisis set in motion by the vicious Fed policy tightening and higher US treasury yields.
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🛒 USDJPY - LONG 🛒
📈 4H TimeFrame 📈
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✅ Random Win Idea ✅
Usdjpylong
USDJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want to make a retracement to fill the imbalances lower and then to reject from bullish order block + institutional big figure 142.000.
Fundamental analysis: This week on Thursday we have news on USD, will be released quarterly GDP. Pay attention to the results in order to validate the analysis.
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USDJPY continues to rise.USDJPY - 24h expiry
Broken out of the channel formation to the upside.
Reverse trend line support comes in at 142.05.
Bespoke support is located at 141.42.
A Fibonacci confluence area is located at 142.93.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 142.93 (stop at 142.58)
Our profit targets will be 143.75 and 144.00
Resistance: 143.75 / 143.87 / 146.65
Support: 142.93 / 142.65 / 141.42
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Mutiny Sends Ruble to Lowest in 15 MonthsMutiny Sends Ruble to Lowest in 15 Months
In one of the most turbulent trading sessions this year, the Russian ruble reached its lowest point against the US dollar in nearly 15 months on Monday. This decline followed the failed mutiny attempt by The Wagner group’s armed mercenaries over the weekend, which caused significant concern among traders. Initially catapulting to approximately 87 rubles per US dollar, the ruble later recovered some of its losses, settling at around 84.40, down 0.90% against the greenback.
The Wagner group, led by troops loyal to their leader, made an unexpected advancement toward Moscow, covering hundreds of miles before eventually reversing course. In a deal struck with the Kremlin, it is reported that the group's leader, Prigozhin, will go into exile in Belarus. This incident is regarded as the most significant challenge to Vladimir Putin's rule and could weaken his leadership.
The armed uprising also caused volatility in other markets. The international benchmark, Brent crude, rose by 0.8% to approximately $74 per barrel. The trading volume between the Russian ruble and Tether's USDT nearly quadrupled from $4 million on Saturday to $15 million on Sunday.
In other developments, the Japanese yen strengthened by 0.11% against the US dollar, trading at 143.50 per dollar. Vice Finance Minister for International Affairs, Masato Kanda, stated that Japan was not ruling out intervening in the currency markets again. He expressed concerns about the yen's rapid and one-sided depreciation against the dollar. Japan previously intervened in the foreign exchange markets in September and October of the previous year when the yen hit a 32-year low of nearly 152 per dollar.
We Could expect USDJPY to make a monthly higher higherThe reason why I am still firmly convinced that this movement is going to happen is supported by several compelling factors. Let's explore them in detail:
1.Non-commercials continue to aggressively add long positions in this currency pair. This indicates a strong bullish sentiment and suggests that these market participants have high expectations for its future performance. Their sustained interest and confidence in this pair contribute to my conviction.
2.Taking a closer look at the Monthly time frame, we can observe a clear and well-defined bullish structure. This pattern provides additional validation for the anticipated movement. The consistent upward trajectory of the price points towards a potential upward trend that could further strengthen the case for a positive outcome.
3.Another crucial aspect to consider is the unanimous agreement among all members of the Federal Reserve (Fed) regarding the likelihood of another interest rate hike. This collective stance underscores the consensus among policymakers that an increase in interest rates is imminent. Such a move is expected to bolster the value of the dollar, as it signifies a strengthening of the US economy and reflects the Fed's confidence in its monetary policies.
4.In contrast, the interest rate in Japan remains unchanged and continues to be in negative territory. This divergence between the interest rate policies of Japan and the United States further reinforces the potential for a favorable outcome in the currency pair. The persistent negative interest rate in Japan could lead to increased selling pressure on the yen, potentially benefiting the other currency in the pair.
Considering these factors collectively, it becomes evident why my conviction remains steadfast regarding the occurrence of this movement. The combination of aggressive long positions by non-commercials, a bullish structure on the Monthly time frame, the anticipated interest rate hike by the Fed, and the contrasting interest rate policies between Japan and the United States all contribute to a compelling case for the expected movement.
USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY to create another higher highUJ is still in its major uptrend as price continues to create strong higher highs and indecision lower lows. I took a buy based on the 30min structure. My target is the next daily resistance level. I believe that buying at a higher low off of a retest is a valid opportunity. Especially after a volume bullish engulfing candle.
USDJPY Daily AnalysisUSDJPY has been in an uptrend for a while after breaking my weekly keyzone. Price is presently at a resistance level. I expect price to break the resistance and continue the uptrend, or price will get rejected and possibly reverse back to the keyzone below as marked in the chart.
What's your bias on this pair? kindly like and share your thoughts below
USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Bulls circle USD/JPY ahead of the FOMC meetingWhilst the US dollar has mostly retraced over the past couple of weeks against FX majors, it has held its own against then Yen. In fact, momentum is now turning higher after forming a triple bottom ~139 and breaking above a retracement line.
The most traded price during the prior consolidation is 139.55, which could provide a level of support if prices retrace ahead of its next leg higher.
Take note that overnight implied volatility has blown out ahead of the FOMC, so be prepared for some volatility before the next major move takes place.
USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY – aiming for 150’s?This pair had a good week and looks ready to move significantly higher. Recently it had found liquidity in the 140 region and will need the same to find some momentum to the upside again. I think a pullback to the low 141’s is possible before the uptrend resumes.
How far you trade this will depend on your belief, patience and ability to stay with the trade. Perhaps letting the trend develop and adding more positions on future pullbacks will be the way forward especially from a risk management perspective.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!