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Usdjpylong

USDJPY (Week Buy)From the previous week, USD/JPY did sell as expected due to the top resistance zone within my screen shot. Also the USD red folder news on March 10th (Unemployment Rate) made it to sell tremendously to the support zone and exceeded my expectations. This week, im expecting a buy since we have CPI and PPI reports coming out, causing the USD to be stronger and be in a uptrend to the top resistance zone. Just my opinion, thoughts? have a good week everyone. I left a link to the previous week.
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by PAPIPIPSS
The USD/JPY currency pair is expected to continue its upward..The USD/JPY currency pair is expected to continue its upward trend above 137.00 as the Bank of Japan maintains an ultra-loose monetary policy. The USD/JPY currency pair is currently experiencing reduced volatility around 136.65, following a period of heightened volatility due to the Bank of Japan's (BoJ) decision to maintain an ultra-easy monetary policy. BoJ Governor Haruhiko Kuroda has implemented this policy in response to the lack of inflationary pressure caused by stagnant domestic demand and wages in the Japanese economy.
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by FOREXN1
2
USD/JPY: Bullish trend to continue Keep an eye on US Treasury yields, as the two-year US bond yield rose to 5.085%, the highest in Asia, and currently stands at 5.062%; the Nikkei index closed up 0.5% at 28444.19 points. The USD/JPY rose to 137.90 and then retreated, but still remains bullish; The USD/JPY rose from the morning low of 137.10 in Asia to the highest of 137.90, and then softened slightly, but still leans towards an upward trend; Stop loss is set above the strike price of 138.00 for large options, some of which will expire tomorrow. The USD/JPY is expected to test 138.00 and the high point of December 15th; Given yesterday's big rise, some pullback is not surprising. However, Japanese importers and other participants are waiting for the pullback to buy back in. It is also recommended to wait for a correction after the pullback to continue buying, with a buying point of 136.40. I have in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and I also update some daily operation layouts. Thank you for your attention and likes. Friends with questions can leave me a message in time, and I will give the most reliable advice. I hope I can help you.
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by FlashTrades_
2
USDJPY | Perspective for the new week | follow-up detailsDespite negative GDP data last week (negative variance of 1.71), the dollar closed its fourth consecutive week in positive territory, trading 1.80% higher to culminate at the 136.500 zone. The economic data released so far this year has painted a stronger picture of the U.S. economy. It is also worth noting that the incoming BoJ governor Kazuo Ueda indicated that the central bank will largely maintain its ultra-accommodative policy in the near term hereby indicating a weak economy and considering the significant breakout of the 135.000 zone (the first time this year); the Greenback may continue to remain in demand. This video illustrates a detailed technical perspective of what to look for in the coming week as trading opportunities is strongly leaning towards bullish expectation from a long-term perspective. 00:50 Reference to last week's daily commentaries and results 03:49 USDJPY analysis on Daily Timeframe 06:05 Macroeconomic event for the week 08:30 USDJPY analysis on the 4H Timeframe 10:30 Conclusion on next week's projections 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.
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by darcsherry
4
Cheeky long for USD/JPYUSD/JPY is grinding higher on the daily chart, although it seems wary of the 200-day MA overhead. But at the same time, it looks as though it at least wants to test it (and is sat near the daily R1 pivot). Prices have pulled back on the 1-hour chart in a corrective fashion, and the corrective lows found support at the 50-hour EMA and a previous swing high. Prices are also trying to hold above the daily pivot points. - The bias is for an upside break due to the underlying trend, and that is something a strong ISM services report later today could help with. - The initial target is 137, ahead of the daily R1 / 200-day MA, - The bias remains bullish above 137.40
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by CityIndex
1