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Usdjpyshortsetup

USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken and the short-term POSITIVE SENTIMENT against the dollar. It came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - All MARKETS including STOCKS and COMMODITIES are going down slightly due to MARKET RISK OFF. - There is definitely a high possibility that USDJPY will go UP a bit more and move to 137.91 LEVEL. Anyway, USDJPY price can go down to 129.52 level before that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken a bit and the short-term POSITIVE SENTIMENT against the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - All MARKETS including STOCKS and COMMODITIES are going down slightly due to MARKET RISK OFF. - There is definitely a high chance that USDJPY will go UP a bit more and move to 135.610 LEVEL. Anyway, USDJPY price can go down to 124.739 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
USD/JPY pulls back into resistance for potential swing trade The US dollar has continued to face selling pressure following the collapse of Silicon Valley Bank, as traders bet that the Fed may pause their tightening cycle at next month's meeting. Whilst Fed fund futures imply a 60.5% chance of a 25bp hike (or 39.5% odds of a pause), this is quite a sudden chance considering the curve suggested ~80% chance of a 50bp hike last week. US inflation data is released in ~14 hours and is likely to be a closely watched report, as a soft print could increase odds of a pause, weigh on the dollar and send USD/JPY lower. Yet a hot inflation print likely cements a 25bp hike and sees the dollar coup some of its losses. Purely on a technical front, USD/JPY looks appealing for a bearish sewing trade. It has an established downtrend on the 1-hour chart, and prices have retraced higher into a resistance zone including the monthly pivot point and weekly S1 pivot. A rising wedge / bear flag is also forming, which generally breaks out in the direction of the underlying trend. A weak inflation report could likely help. The bias is bearish beneath the recent cycle highs and for a move down to 132.
Short
by CityIndex
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken a bit and the short-term POSITIVE SENTIMENT against the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - All MARKETS including STOCKS and COMMODITIES are going down slightly due to MARKET RISK OFF. - There is definitely a high chance that USDJPY will go UP a bit more and move to 142.35 LEVEL. Anyway, USDJPY price can go down to 130.642 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is that the JPY is starting to weaken quite a bit. It happened because of the BOJ MEETING. This time after the FOMC, the dollar has also weakened. - Due to MARKET RISK ON, all MARKETS including STOCKS and COMMODITIES are going up a bit now. - There is definitely a high possibility that USDJPY will go UP a bit more and move to 133.67 LEVEL. Anyway, USDJPY price can go down to 125.02 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is that the JPY is starting to weaken quite a bit. It happened because of the BOJ MEETING. This time after the FOMC, the dollar has also weakened. - Due to MARKET RISK ON, all MARKETS including STOCKS and COMMODITIES are going up a bit now. - There is definitely a high possibility that USDJPY will go UP a bit more and move to 133.67 LEVEL. Anyway, USDJPY price can go down to 125.02 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
3
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. With the arrival of FED UPDATES POSITIVE USD BUY again. So JPY went down automatically in previous days. But the UPDATES of BANK OF JAPAN are quite - There is definitely a very high possibility that USDJPY will go UP a bit more and move to 135.61 LEVEL. Anyway, USDJPY price can go down to 128.04 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE. USDJPY
by benny_marshall