Get started

Usdjpyshort

USDJPY: Dollar fluctuates as views of interest rate cuts grow; TThe US dollar is experiencing volatility against most major currencies today, with market sentiment affected by predictions that the US Federal Reserve may start cutting interest rates. The Japanese yen remains an exception, maintaining its position against the dollar following the Bank of Japan's decision to continue its expansionary monetary policy. Federal Reserve officials tried to manage market expectations after a Federal Open Market Committee meeting last week, which hinted at the possibility of interest rate cuts in 2024. This outlook has led to a surge in financial markets, with current forecasts suggesting a 67.5% chance of a rate cut at the Fed's March meeting, based on the CME FedWatch tool. Senior financial markets analyst at Capital.com, Kyle Rodda, commented on the situation, saying that the Federal Reserve must now decide whether to match market expectations or counter them, potentially causing market instability. Atlanta Federal Reserve President Raphael Bostic on Tuesday reiterated his forecast for two interest rate cuts in the second half of the year, but emphasized that immediate action was not necessary. At the same time, Richmond Fed President Thomas Barkin noted that the central bank's ability to lower interest rates will depend on the trajectory of the economy. The dollar index, which compares the US dollar to a basket of other currencies, remained relatively unchanged at 102.20 after falling more than 0.3% earlier. Last week, the index hit a four-month low at 101.76. Rodda also mentioned that upcoming economic data will be important in determining the direction of the dollar, as it will indicate whether the expected interest rate cuts for next year are justified. Investors are now awaiting the release of the core personal consumption expenditures (PCE) price index, the Fed's preferred inflation measure, which could shed light on whether inflation is slowing enough to justify easing. policy next year or not. In Japan, the yen traded lower at 143.78 yen against the dollar, having weakened after comments from Bank of Japan Governor Kazuo Ueda, which did not suggest a change was imminent from negative interest rates. According to National Australia Bank senior foreign exchange strategist Rodrigo Catril, expectations are now set for a policy change no sooner than April.
Short
by Chart_MasterPro
2
USDJPY H1 / TARGET TAKEN ✅ LOOKING FOR A SHORT ENTRY 📉Hello Traders! The target for UADJPY H1 was hit. Now I see a good opportunity to execute a short entry, taking into consideration the retracement from the resistance level, and the fact that DXY at the moment is weak. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
USDJPY H1 / A LONG TRADE OPPORTUNITY 📈Hello Traders! This is my perspective for USDJPY H1. I see a very strong descendant trend, and I expect a Bullish move until the price of 145.000. At the same level, the liquidity gap will be closed. In case of confirmation, I expect to see a strong Bearish move until the price of 142.500. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ______________________________________________________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
2
USDJPY Shorts from 145.200 down towards 140.000USDJPY continues to display a strong bearish outlook as the price has once again broken structure to the downside, affirming a long-term bearish trajectory. Regarding potential opportunities around the current price, my strategy involves awaiting a price retracement to the nearest supply, identified on the 15-hour time frame. This scenario represents the next potential phase for the price to initiate a downward movement. At present, I'm in a wait-and-see mode, anticipating the price to fill in the imbalance and undergo redistribution. This would serve as an indication that bullish pressure is diminishing, signaling the potential for another impulsive downward move. If the price proceeds further downward, I'm also prepared for a potential buying opportunity around the 7-hour demand zone near 140.000. Confluences for USDJPY Sells are as follows: - Price broke structure to the downside confirming a long term bearish trajectory. - Dollar (DXY) looks like its going to continue a bearish trend which acts as a positive correlation for this pair. - Lots of liquidity below that hasn't been taken on higher timeframes like trend lines etc. - In order for price to continue in its bearish course it must retrace back to a major supply so it can create another impulsive move to the downside. P.S. Being decidedly bearish on this pair, I am eager to observe the response from the 7-hour demand zone, situated at a significant psychological level of 140.000. Furthermore, the zone has initiated a Break of Structure (BOS) to the upside, providing an additional positive confluence that suggests the potential temporary holding of this zone. Feel free to share your thoughts on the USDJPY market in the comments below.
Short
by Hassan_fx
1
USDJPY: Goldman Sachs: Reduced 12-month USD/JPY forecast to 140 Goldman Sachs Data reported on December 18 that Goldman Sachs has revised its forecast for next year's exchange rate and expects the US dollar to weaken further. “The biggest revisions to our forecasts are on exchange-sensitive currencies like the Japanese yen,” strategists including Danny Suwanapruti and Michael Cahill wrote in a Dec. 15 report. , the Swedish krona and the Indonesian rupiah, these currencies will struggle under a 'keep interest rates higher for longer' regime. " Goldman Sachs forecasts USD/JPY three-month target at 145, six-month target at 142 and 12-month target at 140; previous forecasts for the same period were 155, 155 and 150 respectively.
Short
by Chart_MasterPro
USDJPY: Japan's ruling party proposes to reduce income taxReuters reported: The tax reform council of Japan's ruling Liberal Democratic Party has agreed to reduce income taxes to compensate households suffering from soaring prices and support a change in the deflationary mindset that has pervaded the country. past decades The move is also intended to encourage a healthy growth cycle driven by private sector demand, with tax policymakers increasing tax breaks for businesses planning to increase wages. The draft of tax breaks under the framework of tax reform in fiscal year 2024 will be finalized on Thursday
Short
by Chart_MasterPro
USDJPY Shorts from 147.000 down to 140.000My breakdown for USDJPY this week involves sustaining its temporary bearish trend. Currently, the price has shown a bullish reaction at our identified Point of Interest (POI), resulting in a pullback to tap into a Daily supply zone above. Following this, our strategy involves anticipating a redistribution on lower time frames to facilitate selling opportunities, targeting the equal lows. Considering the impact of NFP Friday on our demand, we await the formation of a correction to prolong the downward trend. In case the price opts for breaching equal lows first, our plan involves waiting for entry at the 7-hour demand zone, presenting an opportunity to buy at a more favorable price. Confluences for USDJPY Sells are as follows: - Price retraced from a 2-day demand and now slowly approaching a daily level of supply zone. - Supply Zone is on the daily time frame that has also caused a Break of structure to the downside. - Lots of liquidity to the downside in the form of equal lows, and major trendlines. - Price needs to fill the imbalance as well which has been left from the supply zone. - The dollar is also expected to be bearish so this pair is also projected to move in a similar way. P.S. Since the price on the higher time frame couldn't surpass the all-time highs and experienced a significant sell-off, my expectation is that the price may continue its decline to target substantial liquidity below. Consequently, I am inclined to seek pro-trend trading opportunities to prolong this downward movement, aiming for the 140.000 mark.
Short
by Hassan_fx
1
USDJPY → Drop to 144.000!? Or Fly back to 152.000? Let's Answer.USDJPY fell from the double top as predicted in last week's analysis, hitting my take profits all the way down to 147.120. Will there be more downside or are we ripe for a rip back to 152.000? How do we trade this? 🤔 This analysis shows us three clean support areas: 146.000 (Bull Channel Support), 145.000 (Previous High), and 144.000 (200EMA). It's reasonable to zoom into small timeframes and look for short scalp setups down to those levels. Since the macro trend is bullish, I would be careful to hold any shorts now that the gap from 152.000 has closed the majority of the way. The RSI is still below the moving average and has *some* room to fall, supporting the short-term bear bias. Long-term, look to get long! We'll need a strong show of support with a bull signal bar and confirmation candle closing on or near its high and for the RSI to head upward breaking above the Moving Average. 💡 Trade Ideas 💡 Short Entry: 146.850 🟥 Stop Loss: 150.000 ✅ Take Profit: 143.700 ⚖️ Risk/Reward Ratio: 1:1 Long Entry: 145.500 🟥 Stop Loss: 143.200 ✅ Take Profit: 150.100 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long. 2. Double Top Reversal Signal. Still Gaps to Fill. 3. Wait for Support at Channel Support, Previous High, or 200EMA. 4. Previous Channel High of 145.000 Final Target. 5. RSI at 35.00, below Moving Average. Supports Short-term Short, Long-Term Long. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering