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USD/JPY H4 | Bullish uptrend to extend further?USD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 155.74 which is a pullback support that aligns with the 23.6% Fibonacci retracement level. Stop loss is at 154.20 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at 157.71 which is an overlap resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
The yen continued to lose value as the dollar strengthened The Japanese yen has dropped to its lowest since late July due to the dollar's strength. Concerns about rising US inflation following Trump's election have diminished the likelihood of the Fed’s further rate cuts. However, if the yen's decline continues, the BoJ may consider intervening in the FX rate and could become more inclined to raise interest rates. Reflecting this situation, Japan's five-year government bond yields have reached a 15-year high as the chances of a BoJ rate hike increase. USDJPY sustained its uptrend and advanced to 155.70. The price is approaching the ascending channel’s upper bound, maintaining bullish momentum. If USDJPY breaches the channel’s upper bound, the price could gain upward momentum toward 157.50, the highest since last July. Conversely, if USDJPY fails to hold above EMA21, the price may fall further to 153.10, where EMA78 coincides.
by inkicho_exness
USD/JPY H1 | Fill the gap before running into resistance?USD/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 152.96 which is a multi-swing-high resistance. Stop loss is at 153.72 which is a level that sits above a pullback resistance. Take profit is at 151.62 which is a multi-swing-low support that aligns close to the 50.0% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Trump Trade & Japan Politics Push USDJPY Higher Trump Trade & Japan Politics Push USDJPY Higher Japan's ruling coalition losing its parliamentary majority in weekend elections is currently weighing on the Japanese yen. Adding momentum to the dollar's strength, long-term U.S. Treasury yields continued their surge, despite the Federal Reserve’s recent 50-basis-point rate cut. Traders perhaps now see little chance of a rate cuts when the Fed meets on November 6, just a day after the U.S. election. Another key factor in the dollar’s rise is what’s being called the “Trump Trade” — a bet on Donald Trump's potential re-election. Should Trump secure victory and the Republicans retain control of Congress, his policies are expected to drive up the U.S. deficit and reignite inflation.
by BlackBull_Markets
The yen falls to a three-month low amid political uncertainty in Japan's ruling party has faced a devastating defeat in the general election, leading to a surge of political uncertainty that has driven the yen to its lowest in three months. If PM Ishiba resigns and is succeeded by the dovish Sanae Takaichi as president of the Liberal Democratic Party, concerns about the BoJ's plan to raise interest rates will intensify. This scenario will signal that Japan may be losing its political and policy-stable status, resulting in a long-term stalemate in the Japanese stock market. USDJPY sustains a solid uptrend within the ascending channel, finding support around 153.00. The gap between both EMAs widens, sending out a bullish signal. If USDJPY breaches the resistance at 154.00 and then crosses the ascending channel’s upper bound, the price may continue its uptrend toward 157.80. Conversely, if USDJPY breaks EMA21 and the channel's lower bound, the price could fall further to the support at 150.80, where EMA78 coincides.
by inkicho_exness
USD/JPY H4 | Approaching pullback supportUSD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 150.86 which is a pullback support. Stop loss is at 148.70 which is a level that lies underneath a pullback support. Take profit is at 154.94 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
3
Euro and Yen Weakness Stands OutWe continue to see broad-based demand for the US dollar, though it's clear that most of the dollar strength of late has been against the Euro and the Yen. A new report has been making headlines, discussing a growing group of ECB members who think the central bank has fallen behind the curve on monetary easing. We've also been hearing plenty of dovish talk from a number of ECB officials. Meanwhile, in Japan, the Yen has been accelerating to the downside, partially due to this dollar demand and partially because of uncertainty heading into the weekend election in Japan. Looking ahead, we have the Bank of Canada policy decision, ECB President Lagarde's speech, Eurozone consumer confidence readings, existing home sales, Fed speak, and the Fed Beige Book. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
The yen is losing strength due to the strong dollar. The dollar continues to strengthen as a result of the robust US economy. Conversely, the yen's value is deteriorating due to uncertainty surrounding the BoJ's interest rate policy and the dovish stance of committee members. Last week's release of US September retail sales and unemployment claims data reaffirmed US’ strong spending power and solid job market conditions, eliminating any possibility of a 50bp cut. Fed Director Christopher Waller stressed the importance of exercising caution regarding additional rate cuts as the US economy continues to perform at a satisfactory level without any recession concerns. USDJPY rose sharply to 152.30 following a rebound at EMA78. The price sustains an uptrend within the ascending channel, indicating a bullish momentum. If USDJPY breaches the channel’s upper bound and the resistance at 153.70, the price may gain upward momentum toward 157.00. Conversely, if USDJPY breaks the support at 151.00, the price may fall further to 148.50, where both EMAs coincide.
by inkicho_exness
USD/JPY: Japan’s Snap Election Opportunities Japan is holding a snap election this Sunday, triggered by a scandal within the ruling Liberal Democratic Party (LDP), despite a general election not being due until late 2025. The LDP, which has dominated Japanese politics for all but four of the last 65 years, has seen its popularity plummet. In June, its poll numbers hit their lowest point this century. While some polls predict the party could cling to its majority, bolstered by a fragmented opposition, fresh data from the Nikkei suggests a different outcome. The business daily warns that the LDP may fall short of securing a majority, a result that could lead to political upheaval not seen since 2009. Pullbacks in USD/JPY have been lessening since early October, and after clearing the 150.00 mark, the next targets for the bulls may be the 200-Day Moving Average and the range between 150.90 and 151.10. Amid a snap election, 152.00 is also a possible target. If the pair experiences another pullback, traders might consider a mid-point of current price action as a potential resistance level.
by BlackBull_Markets
GBPJPY H4 - Short Signal GBPJPY H4 We have made a slight adjustment to our trading zone here on GBPJPY. Moving the zone from 195 psychological price, up 60 points to around 195.600. Slight adjustments to accommodate for the recent high press attempts. Supply and resistance no doubt evident on this 195.600 price, stops now covering recent wick high prices of 196.100, with a breathing space of 5-10 points. We are ranging really nicely here, whilst stops may seem quite large, this is a fast moving pair, and the profit target it also large. This pair has been moving 100’s of points in very quick succession over the past few weeks. The range measures a healthy 200-250 points until support price/TP target.
Short
by Trade_Simple_FX