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USDJPY: The fulcrum for the uptrend!Hello trader, i bring you some useful information! Recent statements from Japan's monetary authorities indicate that there may be a renewed push to weaken the country's currency, following a period of three months of easing or "recharging". Despite the Bank of Japan maintaining its current monetary policy, the yen could still face increased pressure due to a more intense interest rate differential game. This game is expected to be even more aggressive than it was a year ago, as the yield spreads between Japan and the US have increased for both short and long-term yields. Japan now has an opportunity to devalue its currency in order to support its exporters, something it was unable to do during the previous decade of zero interest rates. BoJ not changing policy, intensified interest rate differential game
Long
by Sphyn-Trader
1
USDJPY ShortExpecting USDJPY to break into a sell again, charting is similar to my most recent posting. Within in the last week UJ completed the previous support cycle down to price 132.000 and slowly drove back up to resistance areas. I am expecting the downward cycle to begin again as the dollar continues to lose steam without too many bullish gains. MA convergence indicators are showing strong signs of downward movement as well. Sell Entry: 133.700 Targets: 133.460 | 133.200 | 133.000 | 132.750 | 132.500 | 132.200 Support: 132.000 Be sure to like, follow, and let me know what you think in the comments below.
Short
by DollarYenQueen
USDJPY: Adjust!Hello traders, I come to give you some information. Over the past 20 years, the US Dollar's portion of the worldwide market has declined from 71 percent to 59 percent, and there is a possibility that it could decrease even more in the coming years. This development has a significant impact on the United States since global trade's currency usage is a zero-sum activity. Whenever any other currency, such as Yuan, real, or Rupee, is traded globally, it means that the US Dollar is not being used. If other reliable alternatives become more popular, it may jeopardize America's dominance in the global market. US Dollar's position as the primary global reserve currency is being challenged
Long
by Sphyn-Trader
6
What Happens When the BoJ Kills its Yield Curve Control?Yield Curve Control (YCC) has kept interest rates on ten-year Japanese government bonds within a narrow range close to zero percent since 2016. The Bank of Japan (BOJ) employs YCC to target short-term interest rates at -0.1% and to maintain the 10-year government bond yield within 0.5% above or below zero. In 2016, Japan was grappling with over a decade of sluggish growth and the issue of deflation, where prices of goods decline. To avoid purchasing huge amounts of the bond market, Yield Curve Control (YCC) was introduced to maintain interest rates at their existing levels. But now, Japanese annual inflation has reached 3.3% as of February, which suggests that Yield Curve Control (YCC) may no longer be needed. The Bank of Japan (BoJ) has faced criticism for distorting markets with the YCC while inflation has exceeded its 2% target. As a result, the BoJ is considering phasing out YCC, which could have significant consequences for US and Japanese bonds and the USD/JPY exchange rate. So, what will happen when the Boj decides to Kill its YCC? Japanese investors have been disappointed for the past seven years in the returns on domestic bonds since interest rates have been fixed close to zero. This has prompted many to consider investing in US bonds which have become highly appealing, resulting in trillions of Yen being invested in them. A relaxation of the YCC by the Bank of Japan on the 10-year rate could potentially make Japanese government bonds more appealing to domestic investors. This could result in a significant amount of money repatriating to Japan and have a major impact on global markets. There are two potential outcomes if Japanese investors repatriate their funds and invest more in Japanese bonds. Firstly, the interest rates for US bonds may increase, leading to tighter financial conditions and a slowdown in US economic activity. Secondly, there may be a weakening of the US dollar, especially the USD/JPY, as investors sell their USD to buy JPY for repatriation. The USD/JPY is currently in the range bound between around 138.00 and 129.500. But a downside potential to a level like 116.00, which has not seen since early 2022 if a knee-jerk reaction eventuates. Ultimately, how drastic these outcomes turn out will depend on the selling pressure and timing of Japanese investors in reaction to a relaxation of the YCC. But how likely is it that the BoJ will loosen its control of the yield curve? Japan's new central bank Governor, Kazuo Ueda, has suggested that the policies of his dovish predecessor, Haruhiko Kuroda, will eventually be phased out. However, the BOJ is likely to avoid changing its policies until it is certain that inflation will reach and maintain its 2% target. Next week, On April 27-28, Ueda will preside over his first BOJ policy meeting, during which the board will release new quarterly growth and inflation forecasts that will be scrutinized for indications of how soon the central bank anticipates inflation will reach its target sustainably. Speaking last week, on April 10th, Ueda emphasized the need for the BOJ to make proactive decisions regarding the timing of policy normalization. He warned that delaying the adjustment could lead to disruptive consequences.
by BlackBull_Markets
USDJPY 4 HOURS CHART PROJECTIONDON'T MISS Price has currently breakout from a previous market structure which is visible on the 4 hours chart, the breakout from that structure will change the direction of the previous down trend which in this case will be uptrend. Market has just approached the previous high which there are two possibilities that could happen in this scenario which are market breaking out of the previous high resistance and if this happens then we will be anticipating more bullish and if market stays below the previous high structure then we will anticipate price to drop more lower creating a new Lower Low structure before a BULLISH movement will occur. We go more lower to the smaller timeframe for entries and exit.
by opizzlefx
USDJPY | Perspective for the new week | follow-up detailsEconomic data coming out of the US economy has pointed to slowing economic growth, as the increased sentiment that the Fed may pause its tightening policy lingered across the market. The market sentiment is clearly attaching more recessionary risks to the dollar, but when we look at the charts from a technical standpoint, price action is currently sitting in a strong demand zone at the 131.000 level. An area that has favored buyers for over 10 months now. With nonfarm payrolls out of the way, all attention is now focused on next week's US consumer price index (CPI) for the month of March (amongst other high-impact events). This video explains in detail what to look for on the chart in other to take a position in the coming week(s). 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.
by darcsherry
1
USDJPY: Seller entry!Greetings to all traders! I have some valuable trading-related information that I would like to share with you ❤️ Over the past two decades, the percentage of the global market held by the US Dollar has fallen from 71% to 59%, and there is a possibility that it could decline further in the future. This poses a significant threat to the United States as the use of different currencies in global trade is a zero-sum game, meaning that whenever a currency other than the US Dollar is used in international trade, it reduces the use of the Dollar. Therefore, if reliable alternatives to the Dollar become more popular, it could compromise America's dominance in the global market. Note: Full TP, SL for winning the market and safe trading!
Long
by Sphyn-Trader
4
USDJPY - Upside for an imbalance ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: As I expected in my previous post price filled the imbalance and rejected from bullish order block. Here I am still bullish and expect now price to create a new BOS and to fill the imbalance higher. Fundamental analysis: Tomorrow we have news events on USD, will be released monthly and yearly CPI followed by a FOMC Meeting the same day. As well, on Thursday will be released monthly PPI in USA. Keep attention on the results in order to validate the bias. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD