USDJPY: Japan's Economic Minister warned that the global recessiStatement from Japan's Minister of Economy on the third quarter GDP report:
It should be noted that the threat of global recession is depressing the Japanese economy
Domestic demand, including consumption and investment funds, decreased significantly in the third quarter
Personal consumption slumps due to rising prices
Industrial production is under pressure due to rising raw material prices and reduced investment in construction and machinery.
Consumption of services such as eating out continues to recover
Concerns about the future of the Chinese economy need to be carefully monitored
Usdjpyshort
USD/JPY approaching historical resistance zoneDear traders, USD/JPY is approaching a historical resistance zone. There
could be a pullback from this level.
The area between 151.80-152.30 is a potential reversal zone as it happens
to be the confluence of both the channel resistance and horizontal resistance.
If there is bearish price action in this zone, traders can consider selling
USDJPY@151.80-152.30 with SL above 152.60 and TP at 146.50
YEN WATCH! 🧐Summary
The Yen continues to weaken. The USDJPY is now at a 25-year high.
The Details
The Bank of Japan (BOJ) intervention could happen any week, meaning some big moves on JPY pairs. I am expecting at least a 500 pip bearish move on USDJPY 💥
If there is no intervention, USDJPY may reach as high as 155-160 before the BOJ changes interest rates to strengthen the Yen.
The JPY is weak across the board, especially against the FOREXCOM:CNHJPY PEPPERSTONE:CHFJPY and PEPPERSTONE:SGDJPY
Things to Consider
Don't over-leverage JPY long positions due to your FOMO
Think longer-term. The intervention move could provide only temporary strength for the Yen. The BOJ may need to hike rates before the Yen forms its lows. An interest rate hike may not happen until Q1/Q2 2024.
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 SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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USDJPY - Bullish continuation ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Nothing changed here, as I said in my previous analysis I have a long position, expect price to take buy side liquidity and to create new higher high. I will secure my trade and move SL to BE.
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💡 USDJPY: Waiting for the opportunity to turn backFollowing three consecutive sessions of sharp decline, buying strength has resurfaced as the price nears the lower boundary of the ascending price channel. While the overall bullish pattern remains intact on the H4 and daily timeframes, it's worth noting the emergence of a bearish signal. A notably robust bearish pin bar has taken shape on the weekly chart, manifesting at levels not seen in decades. Consequently, there exists a potential for a price reversal in this resistance zone. Therefore, it might be advisable to consider selling opportunities once the recovery phase concludes.
USD/JPY Daily Analysis - The Pullback has Begun! Fall to 146.000USD/JPY has finally touched the previous high of 152.000 with a strong bull candle that we'll call a Bull Capitulation. Immediately after that price target was hit, we saw a series of bear bars falling to the 30EMA. We have now been above the 30EMA for 69 days and after touching a key price range, have a high probability of falling below down to the bottom of the bull channel at the 145.000-146.000 range.
Key Points:
1. We're in a Bull Channel which means we have a better chance of profit longing.
2. Previous High of 152.000 has been touched.
3. Bull Capitulation Candle on Oct 23.
4. DXY Strong Bear Signal Bar of the bottom of the bull channel.
5. JPXY Still at Risk of Bull Reversal, this week's candle may decide.
6. RSI has room to fall and while a weak indicator, supports the previous 5.
As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful.
Trade wisely and let us know what you think in the comment section below!
USDJPY Bears parade incoming! Weekly chart says it all.. the 2022 pattern is now repeating again for the USDJPY pair:
1- Top rejection
2- Bear Doji close
3- Waiting now for confirmaton: bear candle with body closing below previous and lower high
The volume seems to be lower this time so watch out for one last try to test the weekyl Top. Most likely will be rejected so thats a good point for a short!
USDJPY - Long after a retracement ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. After news on JPY price has a strong impulse, I wait for a retracement to fill the imbalance lower and then to reject from bullish order block
Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news.
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USDJPYWas waiting for the next opportunity after getting stopped out from the last trade. There might be the end of the uptrend for UJ for now. I've placed my trade on last Monday, and there's so many big news on USD these few days.
As there weren't any hiking in rates, it's time to fill up the imbalances below.
Let's share idea's based on UJ, do drop down a comment on why you bought it and why do you sell UJ.
NOTE: I'm not a financial advisor
Too Early in week UsdJpy? 🚦UsdJpy , the Yen is testing the highs for liquidity preceding a decrease. It is early in the week and probabilities are not there for the kind of upside volume that we want to observe .
150.5 Bullish Weekly target
152 2nd Bullish Weekly Target
148.71 Bearish Weekly target
148.23 Bearish weekly target #2
USDJPY: Japanese Prime Minister Kishida: The economic stimulus Japanese Prime Minister Kishida said:
The economic stimulus package totals about 17 trillion yen, including tax cuts
Supplementary budget to finance the economic stimulus package worth 13.1 trillion yen
Will try to pass additional budget one day soon
So in the near future will JPY continue to increase?
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.