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Usdjpysell

USD/JPY Trend AnalysisOn the first day of a new trading week, the pair was faced with new supply, and it has now given up a significant portion of its Friday gains. The riskoff trend in the markets, which tends to boost the safe-haven Japanese yen, fueled the first day of a negative move in the previous three. The fastspreading Delta variation and a global economic recession continue to worry investors. This, combined with the imminent disaster at leveraged developer China Evergrande, dampened risk appetite. Politics has contributed to the uncertainty ahead of Canada's and Germany's federal elections this week. As a result, the market's attention is drawn to the crucial FOMC monetary policy meeting, which begins on Tuesday. Investors will be looking for signals regarding the expected timing of the tapering of bond purchases, which will have a significant impact on near-term USD price dynamics and give the USD/JPY pair a new directional impetus. Meanwhile, in the absence of important market-moving economic reports on Monday, traders will look to broader market risk sentiment and US bond yields for potential short-term trading opportunities.
Short
by meelbijendra
20th September 2021: USDJPY Losing Momentum $108.00FX:USDJPY will be likely losing its trend next week. This projection will be lead to the price of $108.00 in near future. While waiting for the economic projection on FED 21-22 September 2021 news, the market will turns slow as all trader waiting for the news result. As many statement on the market analysis, FED will be unlikely to announce tapering next week. While the stimulus on the dollar has diminish, this will give advantages to other intrusment on hedging against the Dollar. “In the U.S., the key focus of next week will be the Federal Reserve’s meeting, though it may prove unextraordinary. After what was a disappointing August jobs report, it’s unlikely we’ll see the Fed formally announce the tapering of its outsized asset purchases. We do, however, still see that occurring this year, so we’ll be closely following Powell’s press conference for clues on the exact timing.” On the other side of sentiment and position contract, fund manager and commercial trader has been locked their selling position on Dollar next week versus the Japaneses Yen. The tide has change for next week and looking towards the Dollar find support at $108.00 versus the Yen. Zezu Zaza 2048
Short
by Zezu_Zaza
More tendies to the downside for MMs,but be careful of fake out!The dollar yen continues to trade in a range it formed since mid August, we are short on this pair but a fake out may happen to the upside before the downside targets can be achieved. BEAR CASE Price looks ready to dump down from here to reach our targets to the downside at 109 and 108.5 BULL CASE We should not be surprised if market makers continue to hunt for stop losses to the upside faking out traders before taking a dump. If this happens, we see 110 and 110.4 as possible areas of resistance.
Short
by IkanBilisCapital
USDJPY. The crash has started and it is irreversible.The dollar yen has started its descend, we should more downside as the market makers unwind their positions to hunt for the juicy stop losses placed below. We may see short term relief rallies but it will not last and the downside in imminent. BEAR CASE Price immediately plummets farther from here. Our TP1 is at 109, TP2 is at 108.7 and the last straw should be at 108 BULL CASE If the bulls manage find a little breathing space from these levels, it will be short-lived and extremely tight. We do not expect price to break the highs at 110.426 and we will sell every rally.
Short
by IkanBilisCapital
Tendies ripe for the taking on the USDJPYThe dollar yen has been trading in a random walker manner for the longest time. There is now enough longs that are positioned for the market makers to liquidate and profit from. Just look at the number of tendies on the chart! BEAR CASE There are several levels on the chart that can provide short term relief for the downwards move but we are ultimately targeting the 107.5 levels. The liquidations of the longs will result in more selling into the markets as traders are forced to sell their leveraged long positions at a loss in the market. BULL CASE If the bulls find the resolve to buy up the dollar at these levels, we think that the price will continue to trade within the descending triangle building up for the downside move that wlll eventually come.
Short
by IkanBilisCapital