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Usdjpylong

USDJPY: Adjust!Hello traders, I come to give you some information. Over the past 20 years, the US Dollar's portion of the worldwide market has declined from 71 percent to 59 percent, and there is a possibility that it could decrease even more in the coming years. This development has a significant impact on the United States since global trade's currency usage is a zero-sum activity. Whenever any other currency, such as Yuan, real, or Rupee, is traded globally, it means that the US Dollar is not being used. If other reliable alternatives become more popular, it may jeopardize America's dominance in the global market. US Dollar's position as the primary global reserve currency is being challenged
Long
by Sphyn-Trader
6
USD/JPY set to extend Friday's rally?A divergent them is in play between the Fed and BOJ which could help it recover some more of last week's losses. BOJ governor Ueda reiterated the central bank's ultra-dovish stance whilst US 1-year consumer inflation expectations spikes 0.8% pct point and the Fed's Waller delivered his latest hawkish remarks (inflation remains too high and we've not done enough to fight it). A bullish engulfing candle formed on Friday, making a potential swing low around its YTD low and monthly S1 pivot point. The OBV (on balance volume) has broken to a new cycle high ahead of price action to suggest bulls have the upper hand. - The bias is for a move to the 134.50 resistance zone, a break above which brings 135 into focus. - If prices pull back, we'd look for evidence of a swing low between 133.20/50 around the weekly and monthly pivot points - This could also incre4ase the potential reward to risk ratio
Long
by CityIndex
What Happens When the BoJ Kills its Yield Curve Control?Yield Curve Control (YCC) has kept interest rates on ten-year Japanese government bonds within a narrow range close to zero percent since 2016. The Bank of Japan (BOJ) employs YCC to target short-term interest rates at -0.1% and to maintain the 10-year government bond yield within 0.5% above or below zero. In 2016, Japan was grappling with over a decade of sluggish growth and the issue of deflation, where prices of goods decline. To avoid purchasing huge amounts of the bond market, Yield Curve Control (YCC) was introduced to maintain interest rates at their existing levels. But now, Japanese annual inflation has reached 3.3% as of February, which suggests that Yield Curve Control (YCC) may no longer be needed. The Bank of Japan (BoJ) has faced criticism for distorting markets with the YCC while inflation has exceeded its 2% target. As a result, the BoJ is considering phasing out YCC, which could have significant consequences for US and Japanese bonds and the USD/JPY exchange rate. So, what will happen when the Boj decides to Kill its YCC? Japanese investors have been disappointed for the past seven years in the returns on domestic bonds since interest rates have been fixed close to zero. This has prompted many to consider investing in US bonds which have become highly appealing, resulting in trillions of Yen being invested in them. A relaxation of the YCC by the Bank of Japan on the 10-year rate could potentially make Japanese government bonds more appealing to domestic investors. This could result in a significant amount of money repatriating to Japan and have a major impact on global markets. There are two potential outcomes if Japanese investors repatriate their funds and invest more in Japanese bonds. Firstly, the interest rates for US bonds may increase, leading to tighter financial conditions and a slowdown in US economic activity. Secondly, there may be a weakening of the US dollar, especially the USD/JPY, as investors sell their USD to buy JPY for repatriation. The USD/JPY is currently in the range bound between around 138.00 and 129.500. But a downside potential to a level like 116.00, which has not seen since early 2022 if a knee-jerk reaction eventuates. Ultimately, how drastic these outcomes turn out will depend on the selling pressure and timing of Japanese investors in reaction to a relaxation of the YCC. But how likely is it that the BoJ will loosen its control of the yield curve? Japan's new central bank Governor, Kazuo Ueda, has suggested that the policies of his dovish predecessor, Haruhiko Kuroda, will eventually be phased out. However, the BOJ is likely to avoid changing its policies until it is certain that inflation will reach and maintain its 2% target. Next week, On April 27-28, Ueda will preside over his first BOJ policy meeting, during which the board will release new quarterly growth and inflation forecasts that will be scrutinized for indications of how soon the central bank anticipates inflation will reach its target sustainably. Speaking last week, on April 10th, Ueda emphasized the need for the BOJ to make proactive decisions regarding the timing of policy normalization. He warned that delaying the adjustment could lead to disruptive consequences.
by BlackBull_Markets
USD/JPY breakdown. Expecting Uj to reach 134.500 - 134.600 level before making any sudden movements from price action. Price could make another retest near 133.800 for another buying opportunity. Decisions that were made from the federal revere last week will cause the buyers to keep pushing the dollar (DXY) in long positions. Overall, Uj is slowly breaking the resistance area that it has tested multiple times throughout the beginning of the year along with a strong uptrend-line. Place stops in appropriate areas that are suited to your trading capital.
Long
by GeoRiches
USDJPY, Five Count Diagonal, 1hrGood afternoon, I hope everybody had a wonderful week and trading week. This week my bias has changed up a bit on the direction of where the market is going. Currently, I am leaning toward the market being in a diagonal consolidation in five wave count. Once the diagonal five wave count is complete, UJ will continue to be a dominantly bullish market. Focusing on current events, I am currently looking for a retracement back into the price zone of 132.900 area. Once or if price takes this drop, I am looking for price to shoot back up to complete wave 4 and hit price point 134.541. If you have any questions, comments, concern, or agree with my analysis, Please like, share, or comment.
Long
by NoPumpFakesFx
USDJPY | Perspective for the new week | follow-up detailsEconomic data coming out of the US economy has pointed to slowing economic growth, as the increased sentiment that the Fed may pause its tightening policy lingered across the market. The market sentiment is clearly attaching more recessionary risks to the dollar, but when we look at the charts from a technical standpoint, price action is currently sitting in a strong demand zone at the 131.000 level. An area that has favored buyers for over 10 months now. With nonfarm payrolls out of the way, all attention is now focused on next week's US consumer price index (CPI) for the month of March (amongst other high-impact events). This video explains in detail what to look for on the chart in other to take a position in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY: Seller entry!Greetings to all traders! I have some valuable trading-related information that I would like to share with you ❤️ Over the past two decades, the percentage of the global market held by the US Dollar has fallen from 71% to 59%, and there is a possibility that it could decline further in the future. This poses a significant threat to the United States as the use of different currencies in global trade is a zero-sum game, meaning that whenever a currency other than the US Dollar is used in international trade, it reduces the use of the Dollar. Therefore, if reliable alternatives to the Dollar become more popular, it could compromise America's dominance in the global market. Note: Full TP, SL for winning the market and safe trading!
Long
by Sphyn-Trader
4
USD/JPY pulls back towards support cluster around 133USD/JPY has pulled back from the April high, yet the strong bullish structure of the 1-hour chart suggests it can try to break to a new cycle high. Today’s low has found support at the 20-hour EMA and April 4th high. And volumes are now trending higher, and a bullish pinbar on higher volumes suggests demand above 133, which is just beneath the daily pivot point. • The bias is bullish above 133 and for a break above the April high • The initial target is the daily pivot point, just below 134.50 • A second target to consider is the R pivot, around the daily R2
by CityIndex
USDJPY - Upside for an imbalance ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: As I expected in my previous post price filled the imbalance and rejected from bullish order block. Here I am still bullish and expect now price to create a new BOS and to fill the imbalance higher. Fundamental analysis: Tomorrow we have news events on USD, will be released monthly and yearly CPI followed by a FOMC Meeting the same day. As well, on Thursday will be released monthly PPI in USA. Keep attention on the results in order to validate the bias. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD