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USDJPY H4 | Approaching swing-high resistanceUSD/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 151.794 which is a multi-swing-high resistance that aligns with the 61.8% Fibonacci projection level. Stop loss is at 152.570 which is a level that sits above the 78.6% Fibonacci projection and the 127.2% Fibonacci extension levels. Take profit is at 150.375 which is a swing-low support. 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. 67% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% 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
PIMCO Is Buying Yen to Brace for Imminent BOJ Monetary Policy ShPIMCO, one of the world's leading investment management firms, has taken a significant position in buying yen, indicating their preparedness for an imminent tightening of the Bank of Japan's (BOJ) monetary policy. The BOJ has long been known for its accommodative stance, but recent economic indicators and signals from policymakers suggest a potential shift towards a more hawkish approach. PIMCO's move to buy the yen serves as a clear indication that they anticipate the BOJ to take actions that could strengthen the Japanese currency. Given PIMCO's reputation and expertise in navigating global markets, their decision to buy yen should not be taken lightly. It is crucial for us to consider the potential implications of this move and the impact it may have on the USDJPY currency pair. Given these developments, I strongly encourage you to consider a short position on USDJPY. While this decision ultimately rests in your hands, weighing the potential risks and rewards is important. As PIMCO's move suggests, a tighter BOJ monetary policy could lead to yen appreciation, thereby weakening the US dollar against the Japanese yen. Timing is of the essence, and it is essential to act swiftly in the face of this potential shift in the market dynamics. I recommend conducting thorough research, analyzing market trends, and consulting with your trusted advisors before making any investment decisions. As always, it is essential to remain vigilant and adaptable in these uncertain times. The global financial landscape is constantly evolving, and it is our responsibility as traders to stay informed and make informed decisions. If you have any questions or require further assistance, please do not hesitate to reach out. Together, we can navigate these challenging market conditions and seize the opportunities they present. Wishing you success in your trading endeavors.
Short
by bryandowningqln
USDJPY: Trendline breakout, wait for retestLooks like USDJPY has broken down through the rising trendline, there was a slight recovery at the backend of Friday, this indicates we could see a short retracement from here to test the trendline break, and then down. The Yen performed well at the start of Friday, I don't believe this was BoJ intervention, as they have said that they expect the fundamentals to play out - we'll see, bad data from JPY this week may necessitate intervention, however good data on Friday (PMI) will I think be enough to start the recovery process for the Yen. If Japan looks like it's going to have a soft landing then I think markets will reward the Yen with a more positive sentiment and this could mean we get a lot of good action for these crosses. I think the USD is done being bullish for now (even the hawkish speakers cannot convince the markets), so either way I think we'll see this pair fall, so monitoring LTF's for a suitable entry / rejection from the retest point. A break below 148.5 will see a more sustained move to the downside, imho.
Short
by Finchcliffe
USDJPY H4 | Bearish reversal of swing-high resistanceUSDJPY is rising towards a swing-high resistance and could potentially reverse to drop lower towards our take profit target. Entry: 151.774 Why we like it: There is a swing-high resistance that aligns with the 61.8% Fibonacci projection level Stop Loss: 152.424 Why we like it: There is a resistance level that aligns with the 127.2% Fibonacci extension level Take Profit: 150.260 Why we like it: There is a swing-low support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
AUDJPY H4 | Bounce off 38.2% Fibo supportAUDJPY could fall towards a pullback support and potentially bounce off this level to rise higher towards our take profit target. Entry: 97.506 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci retracement level Stop Loss: 97.025 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement level Take Profit: 98.583 Why we like it: There is a swing-high resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
AUDJPY: Interesting zone, continue up or Double top reversal?We're at the top end of the range for this pair, I am expecting BoJ to start backing its currency. I've recently noticed some negative correlation between USDJPY and the other XXXJPY crosses, so where USDJPY falls the others have been more bullish. That said if the BoJ get involved it will tank all of them. I'm not 100% what I really think will happen here, I think the Friday pinbar suggests there's more upward momentum, but will be very cautious if I trade as anything against the Yen (@which is staggeringly weak against everything). I'm opting for a move up and would keep a tight and chasing SL in place.
Long
by Finchcliffe
1
USDJPY Analysis 10-11-23Yesterday, we were anticipating that the USDJPY could trade lower on further weakness of the DXY. However, as the DXY strengthened, we see the USDJPY trade higher to approach the key resistance level of 151.70. Expect to see choppy price action at this level, but the overall directional bias should see the USDJPY retest the resistance level and possibly even 152 before a possible reversal (either due to an intervention from the BoJ or just due to an accumulation of sell orders at the resistance level)
Short
by JinDao_Tai
1
USDJPY H4 | Running into resistance?USDJPY is rising towards a swing-high resistance and could potentially reverse to drop lower towards our take profit target. Entry: 151.703 Why we like it: There is a swing-high resistance level Stop Loss: 152.087 Why we like it: There is a resistance level that aligns with the 100.0% Fibonacci projection level Take Profit: 150.579 Why we like it: There is an overlap support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
1
AUDJPY H4 | Potential bullish reversalAUDJPY is falling towards an overlap support and could potentially bounce off this level and rise up to our take profit target. Entry: 95.779 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement level Stop Loss: 95.450 Why we like it: There is a pullback support that aligns close to the 61.8% Fibonacci retracement level Take Profit: 96.570 Why we like it: There is a pullback resistance level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
Celebrate the Yen's Historic Low Against Euro and Dollar Picture this: the yen, once a mighty force in the currency market, is now presenting us with an incredible chance to capitalize on its current weakness. It's time to put on your trading hats and consider going long on the yen! Now, you might be wondering, "Why should I care about the yen's historic low?" Well, my fellow traders, let me break it down for you. A weaker yen means that it takes more yen to purchase the same amount of euros or dollars. This situation can lead to potentially lucrative opportunities for those who are willing to take action. Here's where the excitement builds up: by going long on the yen, you have the chance to profit from its potential recovery against the euro and the dollar. As the yen gradually strengthens, you can ride the wave and watch your profits grow. It's like catching a rising star in the currency sky! So, how can you seize this golden opportunity? Here are a few steps to get you started: 1. Conduct thorough research: Dive into the current market trends, analyze historical data, and keep an eye on any relevant news or economic indicators that may impact the yen's future performance. 2. Develop a trading strategy: Craft a well-thought-out plan that aligns with your risk appetite and trading goals. Consider factors such as entry and exit points, stop-loss orders, and profit targets to maximize your potential gains. 3. Stay informed: Continuously monitor the market and stay updated on any developments that may affect the yen's trajectory. Being aware of market sentiment and adapting your strategy accordingly will help you stay ahead of the game. 4. Utilize risk management tools: Remember, trading involves risks. Implement risk management techniques such as setting appropriate position sizes, using stop-loss orders, and diversifying your portfolio to protect your investments. 5. Seize the moment: When you feel confident in your analysis and strategy, take action! Execute your trades and keep a close eye on the yen's performance to make timely adjustments if needed. Remember, my fellow traders, fortune favors the bold! The yen's historic low against the euro and the dollar presents a unique opportunity for those who are willing to take action and ride the potential wave of yen appreciation. So, let's embrace this exciting moment and make the most of it!
by bryandowningqln
USDJPY: Still waiting for BoJ InterventionI don't believe the BoJ have gotten involved yet, or if they have it's going under the radar. I believe this pair has only slipped due to USD retracement following the NFP and softer labour market data last week. With retailers now net short I think that we'll see another push back up. We have broken my rising wedge line related idea, however unless we break below 1.487 then we're still in the uptrend. I now see it as unlikely we'll get to 154 and the BoJ intervention will surely come if necessary (it may not need to if USD keeps falling). Overall no confirmation of reversal so I'm long again when I et the LTF signal, but setting 151.65 as the target with tight SL (and will keep moving it up) as I don't want to get caught in a buy up here. Let's see what this week brings.
Long
by Finchcliffe
NZDJPY H4 | Rising into resistanceNZDJPY is rising towards a pullback resistance and could potentially reverse to drop lower towards our take profit target. Entry: 89.696 Why we like it: There is a pullback resistance level Stop Loss: 89.919 Why we like it: There is a swing-high resistance level Take Profit: 88.940 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
JPY- The big short?JPYX has been in slight downwards range since August the 9th, we had a previous idea on how a triangle consolidation could have broken out of this range, but the consolidation broke up to come crashing back down, and now JPY had major imbalance and punctured the lower bounds of our range. In trading hours today UJ actually went down due to the fall of DXY on NFP data, however GJ showed strong rally against the YEN ect, We know would like to see some entries to trade a potential imbalance to the downside as the great fall of JPY looks set to continue.
PEPPERSTONE:JPYXShort
by ZenFlo
The Bank of Japan can’t let goThis week financial markets were dominated by central banks policy decisions. While the Federal Reserve (Fed) and Bank of England (BOE) kept rates on hold, the policy board of the Bank of Japan (BOJ) decided to further increase the flexibility in its yield curve control policy. The BOJ previously set a strict cap of 1.0% for the 10-year Japanese Government Bond (JGB) yield. But it has now decided that 1% should be a “reference” (not a strict cap), which effectively allows the yield to rise above 1% when the BOJ thinks it is appropriate. The upper bound of 1% appears to be a level they can’t let go of. By doing so, the BOJ is choosing an exit path that gives them the maximum flexibility but minimum volatility around the Yen. We view this as a dovish move as consensus expectations were for the BOJ to move the cap to 1.25% rather than 1%. Japan’s remains on a narrow path One of the reasons holding back the BOJ from normalisation of policy rates, is they still believe Japan’s recovery since the re-opening in October 2022 remains on a narrow path as it relies heavily on tourism, while the broader services sectors have yet to pick up significantly and manufacturing activity has been hampered by soft exports. Japan’s flash PMI readings for October showed us a bifurcated economy where the services sector is stronger than the manufacturing sector. Manufacturing PMI clocked in at 47.6, which is in contraction territory. Services PMI was 51.1, which is down from last month’s reading of 53.8 but is still in expansion territory, no doubt helped by fiscal stimulus and the accommodative monetary policy environment. BOJ on the lookout for an intensified virtuous cycle between wages and prices BOJ governor Ueda indicated that the BoJ will be monitoring the upcoming spring union-employer wage negotiations. A strong outcome could catalyse the earlier attainment of sustained inflation in Japan, but overall, Japan’s recovery isn’t strong enough yet for employers, especially small enterprises, to meaningful support wage hikes in the broad economy. While headline inflation bolted north of 4% in January 2023, it appears to have peaked and has begun receding. While core inflation remains around the 4% mark. The Producer Price Index (PPI) slowed to 2% annually in September suggesting a stabilization or even drop in CPI ahead. The BOJ revised its outlook for core inflation (all items less fresh food and energy) to 3.8% in FY23, 1.9% for FY24 and 1.9% for FY25. The BoJ stated that the inflation uptick “needs to be accompanied by an intensified virtuous cycle between wages and prices”. The Yen is unlikely to appreciate under BOJ’s policy change owing to the large gap in interest rates between the US and Japan. The direction of the Yen matters for Japanese equities owing to Japan high export tilt. The exporters stand to benefit amidst a weaker Yen. Fire power abounds for Japanese equities Japanese equities had a strong first half in 2023, attaining 33-year highs. Yet valuations at 15.7x price to earnings ratio (P/E), still trade at a 30% discount to its 15-year average providing room to catch up. More importantly, earnings revision estimates in Japan are currently the highest among the major economies. Earnings yield at 4.07% for the Nikkei 225 Index has been trending above bond yields 0.947% for 10 Year JGBs , keeping the well-known TINA (There is no Alternative) trade alive in favour of Japanese equities. Tailwind from corporate governance reforms Tokyo Stock Exchange’s (TSE) call for listed companies to focus on achieving sustainable growth and enhancing corporate value is beginning to bear fruit. The call was aimed at companies with a price to book (P/B) ratio below one. Those companies were asked to develop a plan for improvement, disclose and then implement and track its progress. The progress has been encouraging with 31% of companies on the prime market making a disclosure of their plan . Large companies with a price to book ratio below one have been more proactive with disclosure. Historically cash-heavy Japanese companies face increasing pressure to improve their numbers, possibly by funnelling historically high excess cash reserves into increased buybacks or dividends. Conclusion Inflation has been missing in Japan for more than a decade. So now that it has arrived aided by the post pandemic pick up of the Japanese economy, policy makers are not in a rush to obliterate it. With wage growth lagging behind inflation, the Bank of Japan does not appear ready to wean itself from Yield Curve Control until a more intensified virtuous cycle is observed between wages and prices. The BOJ’s policy decision this week is unlikely to allow the appreciation of the Yen, which should continue to provide a competitive advantage to Japanese exporters. This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
ECONOMICS:JPIRYY
by aneekaguptaWTE
AUDJPY - Long Story SHORT !Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart AUDJPY has been stuck inside a big range and it is currently hovering around the upper bound / resistance zone in green. on H1: Right Chart For the bears to take over, and activate our sell setup, we need a break below the last low highlighted in gray. Meanwhile, AUDJPY would be bullish and can still trade higher inside the weekly resistance 97.0 - 98.0 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
4