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USDJPY - 4H Sell SetupFX:USDJPY is displaying a clear technical setup for a bearish move. After a significant pullback following a sharp fall, the pair failed to surpass the resistance zone around 149. This area has proven strong as the price action was unable to hold above it, trapping liquidity just above the resistance. The price then rejected this zone with a sharp reversal. Additionally, the second attempt to break through the resistance further confirms the weakness, as liquidity hunting above the resistance has been met with selling pressure. This rejection, combined with the failed breakout, suggests the pair is likely to fall towards the lower targeted support zone, potentially setting up a strong shorting opportunity in the near term. This aligns with fundamental factors, including expectations of slower rate cuts by the Federal Reserve. Meanwhile, Japan faces a cautious stance on raising interest rates, which has kept the yen under pressure. However, recent economic data from Japan, such as rising producer prices and decreased lending activity, suggests a shift may be underway, supporting further yen strength and a potential fall in USDJPY. Traders should watch for a continuation of this move, as the failed attempts to breach resistance and the liquidity grab signal further downside pressure.
Short
by Sober_Trading
2
Fundamental Market Analysis for September 23, 2024 USDJPYThe Japanese Yen (JPY) continues to lose ground for the third consecutive session on Monday in trading diluted by holidays. This downward movement could be influenced by growing concerns that the Bank of Japan (BoJ) is in no hurry to raise interest rates. The BoJ kept its interest rate target range of 0.15-0.25% at its meeting on Friday. BoJ Governor Kazuo Ueda emphasized that the central bank “will continue to adjust the level of monetary policy easing as necessary to achieve our economic and inflation targets.” Ueda recognized that while Japan's economy is showing a moderate recovery, there are still signs of weakness. The US dollar (USD) continues to rise as Treasury yields recover their losses. However, the dollar could face challenges due to growing expectations of additional rate cuts by the U.S. Federal Reserve (Fed) in 2024. According to the CME FedWatch Tool, markets are pricing in a 50 percent chance of a 50 basis point rate cut to a range of 4.0-4.25 percent by the end of this year. Trading recommendation: Watch the level of 144.000, if the level is fixed below consider Sell position, if the level rebounds consider Buy position.
by Fresh-Forexcast2004
Fundamental Market Analysis for August 16, 2024 USDJPYThe Japanese Yen (JPY) bounced back against the US Dollar (USD) on Friday, possibly due to Japan's recent second quarter GDP growth, which supports the possibility of a Bank of Japan (BoJ) interest rate hike in the near future. However, the Yen could face challenges from political uncertainty in Japan due to reports that Prime Minister Fumio Kishida will not seek re-election as party leader in September, effectively ending his term as Prime Minister. The USD/JPY pair is declining as the US dollar loses ground amid lower Treasury yields. In addition, traders are fully pricing in the likelihood of a 25 basis point rate cut by the US Federal Reserve in September, according to the CME FedWatch tool. However, the dollar received support as recent better-than-expected US economic data eased market fears of a US recession. In addition, later in the North American session, preliminary data on Michigan consumer sentiment index for August and building permits for July will be released. Trading recommendation: Trade predominantly with Sell orders from the current price level
Short
by Fresh-Forexcast2004
Fundamental Market Analysis for July 03, 2024 EURUSDThe Japanese Yen (JPY) continues to suffer losses on Wednesday, remaining near a low of 161.750, a level not seen since 1986, recorded in the previous session. The decline may be attributed to final data indicating that business activity in Japan began to contract in June. Market participants are focused on the possibility of currency intervention by the Bank of Japan (BoJ), which could support the Japanese Yen and limit the growth of the USD/JPY pair. Japan's 10-year government bond yield rose to a near 13-year high of 1.11%. Traders continue to assess the outlook for the Bank of Japan's monetary policy amid a sharp depreciation of the Japanese yen, which raises the cost of imports and contributes to inflationary pressures. In addition, the central bank announced plans to unveil a strategy to wind down its bond buying program in July. The US dollar (USD) halted its four-day losing streak thanks to a rebound in the 2-year Treasury bond yield, which is at 4.75% at the time of writing. Traders await the release of the ADP US employment change data, ISM Services PMI for June and the FOMC meeting minutes scheduled for Wednesday. Trading recommendation: Watch the level of 161.750, and if the level is fixed above, take Buy positions. On the rebound take Sell positions.
by Fresh-Forexcast2004
USD/JPY – Week 7 – Mixed feelings. It was a quiet week for USDJPY as the Japanese Yen rose by 0.43% to ¥104.94 against the U.S Dollar as we forecasted in our previous analysis. In the week prior, the Yen had declined by 0.68% to ¥105.39. For this week, there is a chance that the pair will break the trendline highlighted on the chart and if we get a small consolidation underneath, the price can head towards a new low. At this moment in time, we will watch the price-action step by step as the market can go both ways from here. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
USD/JPY CorrectionUSD is seeing strength due to recent interest rake hike and 2 more planned hikes this year. JPY is seeing some weakness due to Trump's threats of Trade War. As today is over and tomorrow is the 4th, we may see a further downslide as reports have the USD being strong into the holiday. If Trump softens his stance, we may see some strength return to JPY. None of the above is intended as financial advice and is my opinion only. I am not a license financial advisor and this information is not to be used toward the purposes of financial gain. This information is for entertainment purposes only.
by algocowboy2030
USDJPY target price on monthly chartAs seen in the monthly chart above, the price has been tested to top band but failed and falled back. In this case, we can expect to fall to the blue support line. Most likely it will broke it and reach the red support line. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me .
by KasaDairesi