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USDJPY | Perspective for the new week | Follow-upThe USDJPY market sentiment is undergoing a captivating transformation, edging from neutral to bearish, with intriguing signs of bullish exhaustion surfacing. The Japanese currency is on the rise, gaining traction as Bank of Japan (BoJ) comments reveal plans to widen the benchmark 10-year Japanese Government Bonds (JGB) from 0.5% to 1.0%. This move has propelled Japanese yields to their highest levels since 2014, sparking anticipation of a potential pivot by the BoJ. However, the Yen remains vulnerable unless the bank takes decisive action. Currently, there's a prevailing perception that the BoJ's hawkish signals and surging Japanese yields might curtail the pair's gains in the foreseeable future. As we journey through the US economy's realm, recent developments have dealt a blow to the bulls. The lower-than-expected increase in Nonfarm Payrolls, with a mere 187,000 new jobs reported in the July jobs report, has significantly impacted investor sentiment. The implications of Fitch's downgrade of the United States government's long-term debt rating further add complexity to the picture. Amidst this intricate landscape, all eyes now turn to the upcoming week, where no high-impact events are expected from Japan's economy. Traders are keenly observing US economic indicators for pivotal signals that could shed light on the likely direction of prices. The BoJ's hawkish stance continues to play a major role in shaping the currency's trajectory. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is within the key zone of 142.000, 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 could lead 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. 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 Forecast: Insights for the New Week & Follow-Up AnalysisThe BOJ's decision to adopt a more flexible bond yield approach indicates a potential shift away from its ultra-dovish stance. Under this approach, bond yields will be allowed to fluctuate beyond the previous target range. The economic landscape was further impacted by surprising data on Friday, indicating that inflation in Japan's capital exceeded expectations during July, adding an element of complexity to the current situation. Despite these developments, the outlook for the Yen faced some headwinds due to the release of robust second-quarter U.S. GDP data. The stronger-than-expected economic performance raised expectations that the Federal Reserve will have the necessary economic space to continue its path of raising interest rates. However, this scenario poses challenges for regional currency units, including the Yen. With no high-impact events expected from Japan's economy in the upcoming week, all eyes are now turned toward the economic indicators from the US economy. Traders will closely be monitoring these indicators for signals that can provide insights into the likely direction of prices. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is within the key zone of 141.000 and 142.000, 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 could lead 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 and key levels. 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. Get ready for an exhilarating experience filled with valuable insights and exciting trading opportunities! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
3
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe Japanese economic docket reveals that consumer price index (CPI) inflation remained stubbornly high through June, despite government measures to curb prices. This has raised the possibility of the Bank of Japan (BOJ) tightening monetary policy. However, BOJ policymakers are cautious and prefer to analyze more data to ensure sustained growth in wages and inflation before making any changes to the yield control policy. Reports indicate that there is no consensus within the central bank, making the decision a close call. Nevertheless, recent reports suggest that the BOJ may lean towards maintaining its yield curve control (YCC) strategy in the upcoming policy meeting. With Japanese inflation staying above the BOJ's target, there have been speculations about the central bank potentially abandoning its yield curve control program, a move that could strengthen the yen. On the other side, the US dollar has made a sharp recovery from 15-month lows ahead of a Federal Reserve meeting, leading traders to seek safe-haven assets. The market remains uncertain about whether the Fed will signal a pause in its rate hike cycle despite the expectation of a 25 basis points interest rate hike. As we shift our focus to the upcoming week, all eyes are on high-impact economic features from both the US and Japanese economies that could significantly impact the USDJPY market. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is on the key level of 142.000, 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 could lead to choppy consolidation before a clear direction emerges. The market's reaction around the 142.000 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 and key levels. 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. Get ready for an exhilarating experience filled with valuable insights and exciting trading opportunities! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY Low risk trades at the bottom of the Channel Up.The USDJPY pair is below the 1D MA50 (blue trend-line) and almost hit the 1D MA200 (orange trend-line) on Friday, nearly making a Higher Low at the bottom of the 4-month Channel Up. As long as the 1D MA200 holds, we will take a low risk/ high reward buy towards Resistance and target 144.500. If the price closes below the 1D MA200, it would be a Channel Down bottom breach, which would translate into a sell, targeting initially the 0.618 Fibonacci at 134.000 (also above Support 1) and the 0.786 Fibonacci at 131.500 in extension (also above Support 2). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe Japanese authorities are facing mounting pressure as the yen continues to weaken due to market expectations of ultra-low interest rates maintained by the Bank of Japan. The yen gained traction in the second half of the previous week. Speculation of government intervention to counter the currency's weakness added further support. Although direct intervention did not occur, we witnessed a pullback from the key 145 level against the dollar, amidst numerous verbal warnings from Japanese officials cautioning against betting against the yen. Despite these developments, the outlook for the yen remains uncertain, especially as the Bank of Japan maintains its commitment to loose monetary policy. Shifting our attention to the U.S. economic landscape, the Labor Department's recent report revealed that June experienced a lower-than-expected increase in new hires, with downward revisions to May's figures. However, the unemployment rate declined to 3.6% in June, and average hourly earnings mirrored the growth seen in May. Amidst the recent market volatility, there is speculation that despite pausing its rate hike cycle last month, the Federal Reserve might resume rate hikes during its upcoming meeting on July 26. USDJPY Technical Analysis (Price Action): This video offers a comprehensive analysis of the current market structure. Our focus centers around the key level of 142.500, which was broken to the downside following a strong bearish move. As price action remains within this zone, it becomes an area of concern, which could potentially lead to choppy consolidation before a clear direction is established. Market participants will closely watch the key economic indicators from the U.S. docket to gauge sentiment. The video examines potential trading opportunities within this area using trendlines and key levels, with particular emphasis on the significance of the 144.000 level as a potential retest for a continuation of the downtrend. The market's reaction to the range around the 142.500 area at the beginning of the new week will heavily influence the direction of price action throughout the upcoming week. Stay connected to my channel, stay informed by following my updates, and actively engage in the comment section. Together, we'll navigate the dynamic USDJPY market. Wishing you the best of luck as you chart your course in the USDJPY market this week. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe USDJPY has experienced a depreciation of over 9% against the yen in the current year. Last Friday, the Japanese currency hit a low of 145.07 per dollar in early Asia trade, the lowest it had been in over seven months. However, it stabilized at 144.30 later on Friday following statements from Finance Minister Shunichi Suzuki. Suzuki emphasized that Japan would take appropriate measures if the yen weakened excessively, cautioning against investors selling the currency too aggressively. This level, 145 to the dollar, has historically made speculators wary of potential intervention by Japanese authorities, as demonstrated last September when authorities intervened in the markets to support the currency for the first time in 24 years. Meanwhile, the Federal Reserve (Fed) has been closely monitoring various economic aspects such as the labor market and energy-induced inflation as it prepares for its meeting on July 26 to decide on interest rates. The Fed's decision-making process is influenced by two crucial data points in the U.S.: the first quarter GDP and the Personal Consumption Expenditures Index. These indicators will help determine whether the central bank will proceed with rate hikes in the coming weeks or maintain the current pause in monetary tightening, which was decided on June 14. According to the Commerce Department, the U.S. GDP grew at an annualized rate of 2% in the first quarter of this year, providing some relief to the Fed and indicating that previous rate hikes did not significantly impede economic growth. However, inflation remains a concern, with a slowdown in the overall trend but still at relatively high levels. Next Friday, the US will release the June official employment report. The market consensus is for an increase of 200K in payrolls. Considering these factors, market expectations lean towards the Fed raising lending rates by another quarter percentage point on July 26, reaching a peak of 5.25%. USDJPY Technical Analysis (Price Action): This video provides an extensive analysis of the current market structure. The focus is on the key level of 145.000, which played a crucial role in the Bank of Japan's intervention last September. With price action returning to this zone, it becomes a point of concern, acting as either key support or resistance depending on how market participants react in the upcoming week. The video explores potential trading opportunities in this area using trendlines and key levels, highlighting the significance of the 144.200 level as a recent support line, particularly observed on Friday. The market's response to the range between 144.200 and 145.000 at the beginning of the new week will greatly influence the direction of price action in the upcoming week. Stay connected to my channel, follow my updates, and actively engage in the comment section to stay informed about further technical developments in the USDJPY market. I wish you the best of luck as you navigate the USDJPY market this week. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn this video, we delve into a comprehensive technical analysis of USDJPY, focusing on its bullish and bearish sentiments through price action analysis. Join us as we uncover potential trading opportunities for the upcoming week by identifying key support and resistance levels within the 4-hour timeframe. On Friday, the Japanese Yen experienced a decline after a three-and-a-half-day struggle, fueled by the strengthening of the US dollar. This was in response to Federal Reserve Chair Jerome Powell's reiterated stance on the necessity of additional rate hikes. During his two-day testimony before Congress, Powell emphasized that U.S. interest rates may rise at least twice more this year to counteract high inflation. Market reactions to Powell's comments led to a significant increase in the likelihood of further rate hikes in July, with markets pricing in a nearly 75% chance of such action. Data released from the Japanese economic docket on Friday indicated that consumer inflation slightly exceeded expectations for the 12-month period up to May. However, a core reading excluding food and fuel prices surged to a 42-year high, indicating persistent inflationary pressures in Japan. These trends are placing increased pressure on the Bank of Japan to consider tightening its monetary policy, although the bank has recently reiterated its commitment to maintaining its ultra-loose policy. Nonetheless, the potential for Japanese monetary policy tightening may contribute to a resurgence in the yen, which has faced considerable downward pressure due to the dovish stance of the Bank of Japan. Additionally, the Japanese currency is rapidly approaching levels that could prompt government intervention in currency markets. USDJPY Technical Analysis (Price Action): In this video, I offered an extensive analysis of the USDJPY market's current structure, with a primary focus on price action-based technical analysis. Special attention was given to key support and resistance levels within the 4-hour timeframe, uncovering potential trading opportunities for the upcoming week. Notably, I highlighted a key level around 143.900, which was recently tested and represents the highest price reached this year. The market's response to this level at the start of the new week will play a pivotal role in determining the direction of price action in the upcoming week. Stay connected to my channel, follow my updates, and actively engage in the comment section to stay informed about further technical developments in the USDJPY market. I wish you the best of luck this week as you navigate the USDJPY market. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn this video, we delve into a comprehensive technical analysis of USDJPY. We examine the impact of recent fundamental factors, including a surge in US unemployment claims, which led to a sell-off in the US Dollar. The upcoming week is set to witness crucial economic events that will strongly influence the price movements of this currency pair. With indications of a weakening labor market in the US, the release of May's consumer prices index just before the central bank officials' interest rate discussion holds significant importance. While the Japanese Yen struggles to gain an advantage, investors anticipate that the Bank of Japan (BoJ) Governor Kazuo Ueda will maintain the current policy. Governor Ueda has consistently emphasized the necessity of monetary stimulus to maintain inflation above 2%, primarily through increased wages and robust household demand. During the video, I detailed the USDJPY's bullish and bearish sentiment, focusing on price action-based technical analysis. We identify key Support and Resistance Levels in the 4-hour timeframe to identify potential trading opportunities. Notably, highlighted a robust demand zone around the 138.800 area that has consistently counteracted selling pressure in recent weeks, indicating the strength of buyers at this level. This zone may play a crucial role in determining the direction of price action in the upcoming week. Stay tuned to this channel, follow our updates, and engage in the comment section to stay informed about further developments. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY Analysis: New Week Perspective and Follow-Up DetailsThe U.S. Dollar was steady amidst the debt ceiling impasse while the Japanese Yen recorded a significant drop making it among the worst-performing Asian currencies in the previous week. Softer-than-expected Tokyo inflation data on Friday spurred more expectations that the Bank of Japan will hold off on tightening policy this year, although the reading was still well above the BOJ’s 2% annual target. Is the current market structure mature for profit-taking activities despite the stronger-than-expected consumer spending in April which is generally seen as an excuse for the Federal Reserve to hike interest rates again in June? In this video, our technical dissection identified a simple setup that can aid us in making informed trading decisions ahead of the new week. 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
2
USDJPY broke above a 6-month Resistance level.The USDJPY pair gave us the buy entry we wanted last time (see chart below) almost 2 months ago and we took a successful trade: Right now it is above the 138.210 level, a Resistance that was in effect since December 01 2022. This is a short-term bullish break-out call, so we turn bullish again targeting Resistance Zone 1 at 142.000, which also happens to be the top of the 6-month Channel Up. After this leg is completed, we will short at least as low as the 1D MA50 (blue trend-line), targeting an internal Higher Lows trend-line at 137.000. On the other hand, if the price breaks below that Higher Lows line first, we will sell the break-out and target the bottom of the Channel Up at 132.000. If selling escalates further and we the pair closes a 1D candle below the Channel Up, we will take a new sell targeting the January 05 2021 Higher Lows trend-line at 126.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
20 Reasons for BUY USDJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The yearly structure remains bearish, but there was a significant shift in price behavior last year, transitioning from bearish to bullish. This shift was accompanied by heavy volumes and a strong internal breakout. Currently, prices are trading within the range of the last yearly move, indicating a bullish to sideways zone. 2:📆Monthly: The overall trend is bullish, and there is an inducement and reversal formation taking place. Prices are currently filling the last bearish fvg area and heading towards an extreme order block, which could act as a trigger event. 3:📅Weekly: There has been a change in price direction, with a bullish sentiment prevailing. The inducement signal is present, and there are no significant resistances on the upside yet, suggesting that prices may continue to move higher. 4:🕛Daily: A valid breakout of the structure has occurred with heavy volume, indicating a shift in market dynamics. However, prices are still consolidating within the breakout zone, and a short correction followed by a bullish continuation move is expected. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: The overall structure is bullish, with a breakout followed by a buildup formation. 6: 2 Pattern Candle Chart: There was a breakout from a double top formation or a narrow range pattern. 7: 3 Volume: There was significant volume at the breakout, confirming the strength of the move. 8: 4 Momentum UNCONVENTIONAL Rsi: The RSI has shifted from sideways to bullish range, indicating a bullish momentum. 9: 5 Volatility measure Bollinger bands: Prices are walking along the Bollinger Bands, displaying bullish volatility. 10: 6 Strength ADX: The ADX indicates bullish strength in the market. 11: 7 Sentiment ROC: USD is stronger than JPY based on the rate of change. ✔️ Entry Time Frame: H1 12: Entry TF Structure: The H1 timeframe shows a bearish to bullish Choch pattern, which signals an upside breakout impact. 13: Entry Move: Enter the market impulsively. 14: Support Resistance Base: Consider the CIP (Critical Intraday Pivot) and wait for confirmation. 15: FIB: The trendline breakout can serve as a trigger event. ☑️ final comments: Buy 16: 💡decision: Buy 17: 🚀Entry: 138.759 18: ✋Stop Loss: 137.367 19: 🎯Take Profit: 142 20: 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 15 days
Long
by Optimum369
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