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Usdjpyshort

💡USDJPY: Analysis May 14USDJPY increased yesterday, and bar D1 yesterday closed beyond the previous Inside bar pattern, creating a breakout to establish a new high, continuing the push to the bottom. This breakout could add further upside momentum to USDJPY D1. Structurally, USDJPY D1 is still moving sideways in the main price increase in D1. USDJPY H1 broke out of the accumulation price range to set a new high price peak, returning to the short-term upward price trend. However, right now USDJPY H1 is starting to be overbought - overbought - because the price has exceeded the upper boundary. At this time, you should not buy to chase, but should wait for the recovery period to decline before buying USDJPY H1. The buy zone for the day is the round number 156.00 + the upward sloping trend line at the bottom. If this zone is broken down, USDJPY H1 will weaken and serve as a basis for the idea of waiting to sell later. H1 trend: USDJPY increases. Today's trading idea: Buy USDJPY.
Long
by Stone_Haven
2
USDJPY: The Japanese yen was little changedThe Japanese yen turned into little changed The Japanese yen turned into mildly unstable on Monday, with USDJPY soaring simply under 156. The recognition stays on any capability authorities intervention to assist the currency, after at the least instances of intervention in early May. The authorities is stated to have stepped in to deliver down the USDJPY charge from highs maximum in 34 years over one hundred sixty. While one hundred sixty is taken into consideration the restrict for the authorities, analysts warn that intervention should nonetheless show up earlier than that.
Short
by Chart_MasterPro
1
Sell USDJPY Channel BreakoutThe USD/JPY pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling USD/JPY) below the broken support level of the channel, ideally around 155.60 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 154.74: This represents the first level of support within the channel. 154.27: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 156.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
2
Timing the BOJ's next intervention? We have seen 2 interventions from the BOJ over the past 2 weeks. The first came when the USDJPY hit between 158.000 and 160.000 and the second when it hit almost 158.000. With the BOJ warning that it is ready and willing to step in again, how smart is it to try to catch the ride down if or when the BOJ steps in again? Finance Minister Shunich Suzuki reiterated the authorities' readiness to counter excessive foreign exchange fluctuations. At the same time, Bank of Japan Governor Kazuo Ueda expressed intent to assess yen movements' impact on inflation for guiding policy decisions. "Foreign exchange rates make a significant impact on the economy and inflation,” Ueda underscored in response to questions in parliament yesterday. But this is perhaps a slightly different story, but still, something for traders to consider. Last week, BOJ data suggested it had spent $60 billion to defend the yen. But all this has done, according to some analysts, is buy the Japanese authorities time, with the USDJPY steadily climbing back to intervention levels (given the substantial interest rate difference between Japan and the US). But can we expect the BOJ to intervene again and again? US Treasury Secretary Janet Yellen emphasized interventions should be infrequent and ideally coordinated with the broader central banking community, or at least signaled in advance. So, the BOJ will be wary of its international reputation too.
by BlackBull_Markets
USDJPY → Huge Fall from 160.000 Heading for 148.000!?USD/JPY raced to test 160.000 last week and as expected, had a massive sell-off that ended Friday just below the 152.000 breakout area. Should we still be long? Or is it time to get short? How do we trade this? 🤔 The question in my last analysis was are we in for a hard sell-off? And should we buy these pullbacks? The conditions we see today change the perspective on buying the pullbacks. That wasn't just any sell-off, that was a hard rejection and reversal pattern. The sell-off from 160.200 dropped nearly 600 pips in 8 hours. This was followed by a meandering pullback toward the previous candle close high of around 158.400, which ended in another massive drop to 153.100. We then had a final bear push just below the breakout level of 152.000. We can read this a couple of ways, the first is that this is our re-test of the breakout area as I expected two analyses ago where I expected a confirmation of the 152.000 area as support before making it to 160.000: However, we never tested 152.000, we went to 160.000 in rapid fashion first. Such volatility is a sign of a reversal or at least, a push below the breakout level. We have a rough double-top from the initial sell-off, then its follow-up, followed by a third push to the breakout point. We're three pushes up after the 152.000 breakout, a massive sell signal and follow-through at the 1990 Key Resistance Level of 160.400, and we've closed below the 4HR 200EMA. A similar pattern played out in October 2022 with some slight differences as seen here: October 2022 Pattern: This was the first time we touched 152.000 and had a massive sell-off, followed by the same meandering pullback to the 4HR 30EMA, which acted as a rough head-and-shoulders reversal pattern. However, the close was below the 4HR 30EMA on the pullback and above the 200EMA on the first bounce. This time, the pullback went above the 4HR 30EMA to touch the channel top and then closed below the 4HR 200EMA. That last point is a key difference. Both instances are clear reversal signals with follow-through, but the 160.000 rejection was much stronger with a close below the 4HR 200EMA. If the price comes back up to test that 200EMA and gets rejected, that's our signal to short. I would then be targeting levels below 152.000, where the price previously met resistance, which will now likely act as support. Those levels are 150.800 and 148.800. It's very possible we fall much further. But I recommend waiting for that rejection from the 4HR 200EMA and then short 1:2 Risk/Reward to those two key levels. It would be reasonable to swing 25%-50% of your position to lower levels if the price action warrants it. If the price does not get rejected at the 4HR 200EMA, we need to wait and see if the bullish pressure resumes and adjust our bias accordingly. We are still in the channel, the confirmed break below is what we need to justify getting short. 💡 Trade Idea 💡 Short Entry: 153.550 🟥 Stop Loss: 155.800 ✅ Take Profit: 149.050 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three pushes up after the 152.000 breakout to the key level of 160.400 2. Strong rejection and follow-through back down to the 152.000 level 3. This strong volatility at the end of a trend is a sign of a reversal 4. Enter a 1:2 Risk/Reward trade down to 149.050. Potentially swing some of your position lower. 5. RSI at 35.00 and below the Moving Average, supports pullback before fall. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades and start looking for reversals. ⚠️ 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 Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Short
by TraderEngineering
3
USD/JPY & GBP/USD UpdateUSD/JPY The secondary trend on the USD/JPY has printed a trend-changing pattern after breaking above the pullback structure. This move gives us a piece of crucial information, that we can buy at the low after the current wave structure is complete. Currently, our high probability trade is selling now to buy later. GBP/USD The Cable is bearish because we have seen three trend-changing patterns that constitute a downtrend in the GBPUSD. Overall the major trend is now resuming to the downside and we want to sell every rally that failed to make a Higher high.
Short
by Charts247TradingAcademy
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Short
by Thief_Trader
Yen Wobbles, Gold Gleams: A Stirring in Global Currency MarketsThe foreign exchange market witnessed a tug-of-war this week, with the Japanese yen (JPY) taking center stage. Speculation surrounding potential intervention by Japanese authorities to prop up the weakening yen against the US dollar (USD) sent ripples through the currency landscape. Meanwhile, the US Dollar Index (DXY), a broad measure of the greenback's strength, dipped, impacting the price of gold, which became more attractive to some buyers. The Yen's Woes: Intervention or Market Forces? The Japanese yen has been on a depreciating streak recently, driven by a widening gap between Japanese and US interest rates. Japan's central bank, the Bank of Japan (BOJ), maintains an ultra-loose monetary policy with near-zero interest rates, while the US Federal Reserve is signaling a more hawkish stance with potential interest rate hikes on the horizon. This disparity makes yen-denominated assets less appealing to investors seeking higher returns, pushing the yen's value down. The recent rumors of intervention suggest that Japanese authorities are concerned about the rapid depreciation of the yen. A weaker yen can be a double-edged sword. While it makes Japanese exports more competitive in the global marketplace, it also pushes up the cost of imported goods, leading to potential inflationary pressures within Japan. Intervention's Effectiveness: A Double-Edged Sword Currency intervention involves a central bank buying or selling its own currency to influence its exchange rate. In this case, buying yen would aim to strengthen it against the dollar. However, the effectiveness of such interventions depends on various factors. • Market Sentiment: If the market heavily anticipates further depreciation, a one-time intervention might have a limited impact. The BOJ would need to signal a sustained commitment to supporting the yen for a more significant effect. • Ammunition: Intervention requires significant financial resources. The BOJ's foreign exchange reserves would play a crucial role in its ability to sustain intervention efforts. The Greenback's Sway: DXY Dips, Gold Gleams The US Dollar Index (DXY) gauges the value of the US dollar relative to a basket of major currencies, including the euro (EUR), the Japanese yen (JPY), the British pound (GBP), and others. This week's dip in the DXY indicates a weakening of the US dollar against this basket of currencies. This can be attributed to several factors, including: • Profit-taking: After a period of strength, some investors might be taking profits from their dollar-denominated holdings. • Global Risk Aversion: Increased global uncertainty due to geopolitical tensions or economic concerns can lead investors to seek haven currencies, potentially weakening the dollar. Gold's Allure: A Beneficiary of a Weaker Dollar Gold is often perceived as a safe-haven asset during times of market volatility or economic uncertainty. When the US dollar weakens, gold becomes cheaper for buyers holding other currencies. This week's dip in the DXY could be contributing to some increased interest in gold. However, gold's price is influenced by various factors beyond the dollar's strength. Interest rates, inflation, and investor sentiment all play a role. Looking Ahead: A Dynamic Landscape The global currency market remains a dynamic environment, and the events of this week highlight how various factors can interact and influence exchange rates. The future direction of the yen and the DXY will depend on a combination of economic data releases, central bank actions, and broader market sentiment. Here are some key factors to watch in the coming days: • BOJ Policy Statements: Any signals from the BOJ regarding potential adjustments to its monetary policy could impact the yen's valuation. • US Economic Data: Upcoming US jobs reports and inflation data can influence the Federal Reserve's monetary policy decisions, potentially impacting the DXY. • Geopolitical Developments: Global events with significant economic implications can trigger market volatility and impact currency valuations. By staying informed about these developments, market participants can make informed decisions about their currency positions and potentially take advantage of market opportunities.
Long
by bryandowningqln
usdjpy chartUSD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis. USD/JPY rebounds after the heavy sell-off on Monday. US Dollar traders are buying the dip after possible intervention by the authorities pulled USD/JPY down. The interest rate differential between Japan and the US is likely to maintain a bullish pressure on the pair
Short
by Mark804
The Yen's Wobble: Bank of Japan in a Policy BindThe Bank of Japan (BOJ) finds itself caught in a precarious situation as it grapples with defending the weakening Japanese Yen (JPY). With global inflation on the rise and other central banks tightening monetary policy, the BOJ faces a difficult choice: intervene in the currency market or stick to its ultra-accommodative stance. The Yen's depreciation stems from a divergence in monetary policies between Japan and other major economies. The BOJ has stubbornly maintained an ultra-loose policy, keeping interest rates at a negative 0.1% for nearly eight years. This stands in stark contrast to the US Federal Reserve, which has begun raising rates to combat inflation. This difference in interest rates makes the US Dollar (USD) a more attractive asset for investors, leading to a decline in the Yen's value. A weakening Yen presents a double-edged sword for Japan. On the one hand, it benefits exporters by making their products cheaper in foreign markets. However, on the other hand, a weaker Yen translates to higher import costs, particularly for essential commodities like oil and gas, which are already experiencing price hikes due to global factors. This translates to a squeeze on Japanese consumers' wallets and fuels inflationary pressures domestically. The BOJ has a couple of options to address this dilemma. One option is to intervene directly in the foreign exchange market by selling US Dollars from its massive war chest of over $1.2 trillion worth of US Treasuries (as of February 2024 data). This intervention would theoretically raise the value of the Yen by increasing demand for it. However, such a move is not without its risks. Selling a significant amount of US Treasuries could cause their yields, or the interest rates investors receive for holding them, to spike. This could have a ripple effect on global financial markets, potentially destabilizing them. Furthermore, Japan's intervention might be seen as futile if the underlying cause, the policy divergence with other central banks, is not addressed. The effectiveness of currency intervention is often debated, with some economists arguing that it is a temporary solution at best. The other option for the BOJ is to raise interest rates. This would bring Japan more in line with other central banks and potentially make the Yen a more attractive asset for investors. However, the BOJ has been reluctant to raise rates for several reasons. One concern is that raising rates could derail Japan's fragile economic recovery. The country has struggled with deflation, or persistently falling prices, for decades, and raising rates could dampen economic activity. Additionally, many Japanese businesses and households have become accustomed to, and even dependent on, the low-interest-rate environment. Raising rates too quickly could lead to financial instability. The BOJ's decision to maintain negative interest rates at its April 26th meeting underscores this cautious approach. This decision, while expected by many analysts, further highlights the difficult balancing act the BOJ faces. The path forward for the BOJ remains uncertain. The bank may eventually be forced to raise interest rates as global inflationary pressures persist. However, the timing and pace of such hikes will be crucial. The BOJ needs to find a way to defend the Yen without jeopardizing the economic recovery or causing undue financial market volatility. This situation serves as a reminder of the complex challenges central banks face in a time of global economic uncertainty.
by bryandowningqln
USDJPY | MT Short H4 | Riding on BOJ InterventionPair: FX:USDJPY Timeframe: H4 - Medium Term (MT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action may face some resistance from a previous support line - Price is close to 61.8% Fib Extension Level - Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1 level Fundamental Confluences for Trade: - Dividend repatriation season for Japan where MNCs bring back USD dividends and converts them to JPY - These levels may see BOJ intervening to stop the Yen weakness - Yield differential between USA and Japan cannot be denied and dovish BOJ doesn't help much; hence the weak JPY unless we see a firmer BOJ - Further war escalation from the Israel-Iran tension may bring on risk-off moves and see the JPY strengthen Suggested Trade: Entry @ Area of Interest 154.00 - 155.15 SL @ 156.56 TP 1 @ 151.30 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 149.27 Risk-to-Reward @ Approx. 3.03 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and am not responsible for any losses derived from it.
Short
by weekendanalyst
2
USDJPY → Trade Analysis | SELL SetupHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
9
USDJPY: Japan resolves currency concerns with the USThe US greenback has visible wide appreciation this year, in large part because of expectancies of a put off withinside the Federal Reserve`s circulate to reduce hobby rates. However, the yen and received have weakened appreciably towards the greenback in comparison to maximum different currencies. Following the joint statement, the yen noticed a healing as markets predicted feasible intervention, even as the received additionally stabilized. The communicate included loads of topics, together with cooperation towards "monetary coercion and overcapacity in key sectors" with the aid of using different countries, a message simply aimed toward Beijing. Still, the forex difficulty has attracted good sized marketplace interest and is a political victory for Japanese Prime Minister Fumio Kishida, who's grappling with low approval rankings because the price of residing rises. High. In Japan, actual wages fell for 23 consecutive months thru February, regardless of large groups supplying pay increases. A vulnerable yen worsens the state of affairs for a rustic that is based closely on imports including gas and food.
Short
by Chart_MasterPro
2