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USDJPY | Perspective for the new week | Follow-upIn Japan, the Bank of Japan's Governor Kazuo Ueda highlighted that underlying inflation remains slightly below the 2% target during a Federal Reserve research symposium. This observation reaffirms the central bank's commitment to maintaining the current monetary policy approach. Despite core consumer inflation in Japan hitting 3.1% in July, companies passing on higher costs have sustained inflation above the 2% target for the 16th consecutive month. Meanwhile, in the U.S., Federal Reserve Chair Jerome Powell's recent speech at the Jackson Hole symposium solidified the Fed's intention to uphold a 'higher for longer' outlook on interest rates and bond yields. This stance is a boon for dollar enthusiasts, especially considering the contrasting economic scenarios. The U.S. economy is exhibiting robust performance, with the latest Atlanta Fed tracking estimate indicating a near-6% annualized growth rate. The widening short-dated yield spreads, which often influence exchange rates, favor the dollar over the Yen in recent weeks. This shift enhances the potential for the dollar to ascend into a higher trading range relative to the Yen. As we navigate the upcoming week, it's crucial to consider these significant market drivers. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is still within the key zone of 146.500, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that has led to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come. Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together. Wishing you the best of luck as you chart your course in the USDJPY market this week. #USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
USDJPY - Short - Idea**USD/JPY Technical Analysis: ** Currency Pair: USD/JPY Current Price: 146.400 The USD/JPY pair is trading at 146.400 after a strong upward movement, it seems that buyers are not as interested as before. This shows on the Daily chart's RSI, which is a tool that helps us understand the market. The RSI is showing a clear divergence, which means things might change soon. I believe the sellers could take control soon, so I'm making a trade. I'm selling the pair at 146.400. To protect myself, I've set a Stop Loss at 147.000. If all goes well, my take profit is at 145.400. This means the reward is potentially 100 pips, while the risk is about 60 pips. Remember, trading has risks, so it's important to be careful. I'm sharing this analysis to help make decisions, but it's always smart to keep an eye on the market in case things change.
Short
by MHasnain
4
USD/JPY Ascends Amid Divergent Central Bank PoliciesGiven the current bullish trend and the contrasting monetary policies between the Federal Reserve and the Bank of Japan, the USD/JPY pair appears to offer a good buying opportunity in the short term, especially before the release of pivotal U.S. economic data. Always remember to manage your risk effectively. TRADE IDEA DETAILS CURRENCY PAIR: USD/JPY CURRENT TREND: Bullish TRADE SIGNAL: Buy 👉 ENTRY PRICE: 146.20 ✅ TAKE PROFIT: 148.40 ❌ STOP LOSS: 145.50 ANALYSIS: The USD/JPY is in a bullish trend, supported by diverging monetary policies between the Fed and the BoJ. Technical resistance levels are identified at 147.00 and 148.45, while the U.S. Dollar Index is at a strong 104.360. This suggests that the pair could extend gains in the short term.
by RichDadph-FX
2
USDJPY Analysis 27Aug2023I analyze USDJPY using the D1 time frame so that we can know in general terms the trends that are occurring and the possibilities that could occur in the future. If you look at the series of waves that have occurred, currently there is a correction in wave B with the price forming waves a-b-c-d-e and heading to the QM area. by adding the RSI indicator we can see that the price has entered the saturation area and there is a divergence on the RSI. one of the signs that in the future there will be a reversal.
by Hokusai_FX
USDJPY I Approaching strong reversal areaWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
19
DeGRAM | USDJPY structure based tradeUSDJPY has reached major structural resistance on the daily chart. Price action is testing a major resistance where the price made a sharp move down. A false break is going to be an ideal short entry signal because the price may move higher and come back to take out stops. We already have no momnetum; small doji candles at the level and a bearish harmonic pattern. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
9
USD/JPY Anticipates Rally Above 143.50The USD/JPY currency pair is poised for a rally, fueled by anticipation of the US CPI data and the USD's strength. Market sentiment leans bearish with the expected S&P500 opening and recent global oil price trends may force the Fed's hand in rate hikes. Meanwhile, the BoJ shows optimism towards inflation targets, and Philadelphia Fed President advocates patience in interest rate changes. Key economic indicators and central bank comments are eyed as market determinants. TRADE IDEA DETAILS CURRENT TREND: Bullish trend given the expectations for US inflation data, and USD's strength combined with BoJ's monetary policy adjustments. TRADE SIGNAL: Buy Signal 👉ENTRY PRICE: Approximately 143.00 – Ideal entry point considering current consolidation around this level. ✅TAKE PROFIT: Approximately 144.50 – Potential target, considering recent bullish momentum, possible positive CPI data, and technical resistance levels. ❌STOP LOSS: Approximately 142.30 – A strategic point below significant support levels, providing room for normal market fluctuations while minimizing potential loss. RISK MANAGEMENT: A proper risk-to-reward ratio of around 1:3 should be maintained. Position size should align with individual risk tolerance, not exceeding 1-2% of the trading capital. TRADE PLAN: Monitor US CPI Data: Keep a close eye on the inflation data, as it can significantly impact USD's strength. Observe Oil Prices & Fed's Actions: Continuously track these variables as they could affect USD's performance. Regularly Review the Trade: Ensure alignment with the prevailing market trends and adjust as needed. FINAL THOUGHTS: This trade idea leverages the potential bullish trend in USD/JPY, driven by fundamental and technical factors. Risk management practices must be adhered to ensure capital preservation. Continuous monitoring of relevant economic indicators is essential for this trade's success.
Long
by RichDadph-FX
USDJPY BIG SHORT!!Hey Traders, We back for new week with the new analysis of USDJPY Price having sharp bearish move in daily time-frame, As you see in 4-hour time frame we closed bellow 4h level so we broke 4h level to down, so what we expect, is bearish move in multi-time-frame, By the time we are analyzing and writing price having a sharp bearish move, we expect another spike move like the previous one!! For more confirmation we can have a second entry after breaking 15-minute level just bellow the price, As always any question comment us bellow, @FxShzd team
Short
by FxShzd