USDJPY Take off??USDJPY, the double bottom pattern, might indicate a reversal of the previous downward trend. Traders often use the distance between the lowest low of the pattern and the resistance line to estimate a potential price target.
Based on this pattern, and major direction of trend, a projected target of 151 might be feasible. However, it's essential to apply technical analysis and consider other indicators to confirm the pattern and potential price target before making trading decisions.
Usdjpylongsetup
JPY plummeted with bad newsThe Bank of Japan adjusted monetary policy, the Yen suddenly plummeted
According to results from the Bank of Japan's two-day meeting, the bank's Policy Committee allowed 10-year bond yields to exceed 1%, considering this level as an upper threshold instead of a ceiling. hard and remove the commitment to protect this ceiling by buying bonds with unlimited volume.
Short-term interest rates are set at -0.1%, while 10-year bond yields are at around 0% under yield curve control, as is the current policy.
The above decision shows that rising global bond yields and persistently high inflation are making it more difficult for the Bank of Japan to maintain its yield curve control policy.
USDJPY BUYING FROM SUPPORT HELLO TRADERS,,,
As i can see USDJPY is moving all time HIGHER on 4HR and daily TF but still it had not tested the last weekly horizontal support so i am expecting a drop on this pair on smaller Time Frames to test support zone & then we can enter to buying this pair with very low risk and higher rewards on bigger TF it is showing something big pictures whats Ur thoughts and ideas on this pair we appreciate Ur love and support it help alote of traders community
Stay tuned for more updates
Alert: Yen's Weakening Against Dollar Raises Intervention Risk Over the past few weeks, we have observed a steady decline in the value of the yen against the dollar. This trend has raised serious concerns about the possibility of intervention by the Japanese government or central bank. As traders, it is essential that we consider the potential implications of such intervention and take appropriate action to safeguard our positions.
Given the current state of affairs, I strongly urge you to consider going long on the yen. However, it is equally important to remain cautious and closely monitor any signs of intervention by Japanese authorities. The intervention risk is real and could significantly impact the yen's value in the market.
To ensure you make informed decisions, I encourage you to keep a close eye on key economic indicators, news releases, and any statements from Japanese policymakers. Additionally, staying updated on market sentiment and expert analysis will be invaluable in navigating this uncertain landscape.
As we move forward, let us remember that risk management is of utmost importance. While there may be opportunities to profit from the yen's weakening, it is crucial to have a well-defined risk management strategy in place. This will help protect your investments and mitigate potential losses in case of unexpected market movements.
In conclusion, I want to emphasize the importance of being proactive and prepared in these challenging times. By going long on the yen while remaining vigilant for potential intervention, we can position ourselves strategically to take advantage of market opportunities while minimizing risks.
Should you have any questions or concerns, please do not hesitate to comment below. Let us support each other and collectively navigate through this period of uncertainty.
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 possible entry opportunity 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 Long Term SELLING Trading IdeaHello Traders
In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
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.
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: 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: 200 PIPS SETUP!!Dear Traders,
After recent data related to NFP came out to be in support of USD price have reacted positively, though overall data still indicating strong upcoming downtrend on USDJPY.
Wait for price to come to our region at the rejection please enter accordingly.
If you like our work then please comment and like the idea.
Thanks as always for showing support!!!
USD/JPY's 30-Minute Support and ResistanceIn the intricate realm of forex trading, precision guides every move. Every level, and every fluctuation holds profound significance. Let's delve into the technical intricacies shaping the journey of the USD/JPY pair within the 30-minute timeframe.
Steadying the Path: Dual Support Levels
In the heart of these crucial moments, USD/JPY establishes its path with the presence of two distinct support levels:
Primary Support - 145.722: This forms the primary anchor for the pair, laying the groundwork for potential rebounds and recoveries.
Secondary Support - 146.273: A supplementary layer of support in case the pair faces heightened downward pressure, bolstering its capacity to resist further descent.
Overcoming Barriers: Resistance Comes to Light
However, the journey forward is characterized by barriers. The pair faces a single resistance point that stands as a formidable hurdle, demanding a determined push to surmount:
Resistance 1 at 146.631: This pivotal juncture marks the principal challenge for USD/JPY's upward advance. A successful breach could signal a shift in the underlying market sentiment, possibly opening avenues for further ascension.
Guiding Strategy: Plotting the Trajectory
For traders and astute observers, the interplay between USD/JPY and these support and resistance levels is a treasure trove of insights. Each movement, every shift, holds key clues about the evolving market sentiment.
The dual supports at 145.722 and 146.273 serve as a strong foundation, providing opportunities for potential recoveries. Yet, the obstacle presented by the resistance at 146.631 underscores the necessity of a concerted effort to propel the pair upward.
As time ticks within this 30-minute window, the movements of USD/JPY unfold like an engaging narrative. The interplay between support and resistance, between the aspirations of buyers and the strategies of sellers, crafts a dynamic storyline that traders closely follow, seeking to unravel the near-term trajectory of this captivating currency pair.
USDJPY I Approaching strong reversal areaWelcome 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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Celebrate as Yen Per Dollar Falls to Weakest Point This YearWe have some fantastic news to share that will undoubtedly make you smile. The Yen per Dollar exchange rate has recently reached its lowest point this year, offering an exciting opportunity for those looking to make some profitable moves. So, get ready to celebrate and prepare yourself to long USD/JPY – it's time to ride this wave of success!
1. The Weakest Yen Per Dollar Exchange Rate
2. Reasons to Long USD/JPY
Technical Analysis: Delving deeper into the charts reveals a compelling case for a long position on USD/JPY. Bullish trends, breakouts, and momentum indicators all point towards a positive outlook for this currency pair. Embrace this opportunity to ride the wave of success and make your trading dreams come true!
Call-to-Action:
1. Analyze and Strategize: Dive into the market analysis, study the charts, and identify the best entry points for your long position on USD/JPY. Combine fundamental and technical analysis to form a robust strategy that aligns with your risk appetite and trading goals.
2. Stay Informed: Keep a close eye on economic news, market trends, and any factors that may influence the USD/JPY exchange rate. Stay informed and adapt your strategy accordingly to maximize your potential gains.
3. Execute Your Trade: Once you have analyzed the market and formulated a solid strategy, executing your trade is time. Open your position, set appropriate stop-loss and take-profit levels, and stay disciplined.
4. Monitor and Adjust: As the market evolves, continuously monitor your trade and be prepared to make adjustments if necessary. Stay vigilant and be ready to capitalize on any potential opportunities that may arise.
Conclusion:
With the Yen per Dollar exchange rate hitting its weakest point this year, forex traders have a reason to celebrate! By going long on USD/JPY, you can potentially ride the wave of success and capitalize on this favorable market condition. So, put on your trading hat, analyze the market, and take action now. Embrace this opportunity with a smile and let the profits roll in!
USDJPY: The return of USD and the bad things of JPYAs Japanese authorities implement measures to safeguard the currency, USD/JPY experiences slight declines around 143.20 on early Thursday. The movements of this Yen pair are influenced by a combination of cautious optimism in the market and the US Dollar's retreat before several US economic indicators are released.
Earlier today, Kazuo Ueda, Governor of the Bank of Japan (BoJ), indicated an increased tolerance range for benchmark 10-year Japanese Government Bonds (JGBs) from 0.5% to 1.0%. This action has resulted in JGB yields reaching their highest point since 2014.
Yen Hits 20-Year Historical Low with Loose Monetary Policy
The yen has just hit a 20-year historical low due to the implementation of loose monetary policies by the Bank of Japan. This development has significant implications for traders like yourself, and I firmly believe taking immediate action to safeguard your investments is crucial.
The Bank of Japan's loose monetary policy, aimed at stimulating economic growth and combating deflation, has sharply depreciated the yen. This depreciation trend is expected to continue in the foreseeable future, making it an opportune time for astute traders to consider adding yen to their long-term investment portfolios.
While this may seem like a lucrative opportunity, it is essential to approach this situation with caution. Currency markets can be highly volatile, and it is necessary to thoroughly analyze the risks involved before making any investment decisions. Therefore, I encourage you to consider the following points before taking any action:
1. Seek Expert Advice: Consult with financial experts or trusted advisors who deeply understand the currency markets. Their insights can help you navigate the potential risks and rewards of investing in the yen.
2. Conduct Comprehensive Research: Carefully analyze the current economic landscape, global market conditions, and geopolitical factors that may impact the yen's value in the long term. This will enable you to make informed decisions based on a holistic understanding of the situation.
3. Diversify Your Portfolio: While adding yen to your long-term investments can be advantageous, it is crucial to maintain a diversified portfolio. This ensures you mitigate risks and maximize potential returns by spreading your investments across different currencies and asset classes.
4. Set Realistic Expectations: Remember that currency markets are inherently unpredictable, and exchange rates fluctuate rapidly. Avoid making hasty decisions based solely on short-term gains and focus on long-term strategies aligning with your investment goals.
In conclusion, the yen's recent historical low presents an intriguing opportunity for traders to diversify their portfolios and capitalize on potential long-term gains. However, it is essential to approach this situation with caution, conducting thorough research and seeking expert advice before making any investment decisions.
Please note that this is not intended as financial advice but as an informative alert to keep you abreast of recent market developments. The investment decision should be based on your circumstances and risk tolerance.
If you have any questions or require further information, please do not hesitate to comment
USDJPY Long Term Selling Trading IdeaHello Traders
In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts