JPYUSD trade ideas
USD/JPYUSD/JPY Technical Analysis – Daily Timeframe
Current Situation:
The USD/JPY pair recently tested the 141.38 level (a key price-time zone) with a false breakout on April 21, followed by a strong rebound.
This bounce held the price above the support zone and triggered a bullish move, pushing the price above the 144.81–144.87 resistance area and closing the week with a potential continuation candle to the upside.
Additional Insight:
This bullish phase may represent a retracement of the bearish impulse that originated from the 149.84–149.63 area, which is marked with the green arrow on the chart.
The broader trend remains bearish, so this could be a technical pullback before the downtrend potentially resumes.
Key Levels to Watch:
Support: 144.81 / 144.87 → 142.20 → 141.38
Resistance / Target Zone: 149.63–149.84 (crucial area for reassessment)
Lower Bearish Targets (if support breaks): 136.81 and 132.80
Trading Conclusion:
In this context, a continued move to the upside toward the 149.63–149.84 area is expected, but it will be crucial to closely observe price behavior at those levels.
Conversely, if the 141.38 support is breached, we may see a resumption of the broader downtrend with significantly lower targets.
⚠️ Note: The overall market structure remains bearish, meaning this current rally is likely a corrective phase. Caution and confirmation are key before taking action.
Yen Falls Past 145 as Dollar StrengthensThe Japanese yen weakened past 145 per dollar, hovering near a one-month low as the U.S. dollar strengthened with improving global trade sentiment and diminishing expectations of near-term U.S. rate cuts. The greenback gained momentum after President Trump announced a preliminary trade deal with the UK, the first since broad U.S. tariffs were introduced last month. He also signaled that tariffs on China could be eased, depending on the outcome of high-level trade talks set for this weekend in Switzerland.
Adding pressure on the yen, Fed Chair Powell dismissed the idea of a preemptive rate cut, citing persistent inflation risks and labor market concerns. In Japan, personal spending rose more than expected in March, suggesting resilience in consumption, though a third straight monthly drop in real wages highlighted broader economic challenges.
Resistance stands at 145.90, with further levels at 146.75 and 149.80. Support is found at 139.70, then 137.00 and 135.00.
USDJPY Elliott Wave Outlook – Bearish Wave (C) in Progress?USDJPY appears to be unfolding a classic ABC correction following the completion of a 5-wave impulse pattern. Price action recently bounced off the 0.618 Fibonacci level (~140.62), but faces resistance around the 0.5 retracement zone (~144.70), where price is currently testing.
Key levels and confluences:
🔹 EMA cluster around current price
🔹 Potential descending channel
🔹 Major resistance zones: 148.77 (Fib 0.382) & 151.92
🔹 Bearish wave (C) projection could extend toward the 137.99–139.62 area
Unless bulls break decisively above 148.77, bias remains bearish with possible continuation toward the lower boundary of the corrective structure.
Watching closely for price reaction at key EMAs and lower highs for short setups.
Fundamental Market Analysis for May 9, 2025 USDJPYUSDJPY:
The Japanese yen (JPY) rises against its US counterpart during the Asian session on Thursday and reverses part of the previous day's correction from a one-week high. Minutes from the Bank of Japan's (BoJ) March meeting showed that the central bank remains open to further tightening if the economic and price outlook persists. This, along with a rebound in safe-haven demand, is lending support to the Japanese Yen, which, along with the emergence of fresh US Dollar (USD) selling, is keeping the USD/JPY pair below the 144.00 round figure.
Optimism over the start of trade talks between the US and China, which will take place this week in Switzerland, is fading rather quickly amid uncertainty over how a new deal between the world's two largest economies might be structured. In addition, US President Donald Trump has denied that he will reduce tariffs against China, dampening hopes of a speedy resolution to the trade war between the world's two largest economies. In addition, persistent geopolitical risks kept investors on edge and proved to be the key factor that influenced the yen's growth amid the general weakening of the dollar.
Trading recommendation: SELL 145.80, SL 146.00, TP 144.90
Yen rally ends, markets eyes Fed rate decision and BoJ minutesCurrently, the market sentiment is rather complex. On the one hand, some traders are betting on the restart of negotiations by the US side, believing that policy uncertainty will be alleviated with the convening of the meeting. On the other hand, from the perspective of the capital market, the market's concern about the medium - to - long - term depreciation trend of the US dollar is increasing. In particular, the " $2.5 trillion capital withdrawal" view proposed by the Eurizon SLJ report, if realized, will substantially suppress the US dollar.
In the short term, if the USD/JPY exchange rate fails to hold above the 145.5 level, the rebound may come to an end, and the price may test the two key support levels of 143.00 and 141.650. Especially if the Fed's policy language continues to be dovish, the exchange rate may decline further.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
USDJPY | Demand Zone Bounce – Bullish Setup?After a clean rejection from the 140.550–143.373 demand zone, USDJPY is showing signs of bullish momentum.
Next key resistance zones:
➡️ 148.694
➡️ 155.589
Will bulls push to new highs or is this a trap?
Break below 140.550 invalidates the setup.
Trade Idea:
Long above 143.373
Targets: 148.694 → 155.589
Stop Loss: Below 140.550
Let me know your thoughts in the comments!
#USDJPY #ForexTrading #PriceAction #TradingSetup #SupplyAndDemand #FX #LuxAlgo #SmartMoney #TechnicalAnalysis #ForexSignals
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The World’s Financial PowerhousesMoney never sleeps — and in certain cities, it practically runs the show.
These financial capitals aren't just centers of wealth; they're the beating hearts of global finance, moving trillions every single day.
Today, let's take a quick tour through the cities that move markets, set trends, and shape economies.
🌍 1. New York City: The Global Titan
Nickname: The City That Never Sleeps
Key Institutions:
New York Stock Exchange (NYSE)
NASDAQ
Wall Street banks (Goldman Sachs, JP Morgan, Morgan Stanley)
Why It Matters:
New York is the world's largest financial center by market cap, volume, and influence.
If you trade stocks, currencies, or commodities, you’re feeling New York’s pulse — even if you don’t realize it.
🔔 Trading Fact:
The NYSE alone handles over $20 trillion in listed market cap!
🌍 2. London: The Forex King
Nickname: The Old Lady of Threadneedle Street (referring to the Bank of England)
Key Institutions:
London Stock Exchange (LSE)
Bank of England
Hundreds of forex and investment firms
Why It Matters:
London is the epicenter of forex trading — commanding nearly 40% of the global forex market turnover.
Its time zone also bridges Asia and North America, making it crucial for liquidity during major sessions.
🔔 Trading Fact:
The 4 PM London Fix is a major reference point for institutional forex traders worldwide.
🌍 3. Tokyo: The Asian Anchor
Nickname: The Gateway to the East
Key Institutions:
Tokyo Stock Exchange (TSE)
Bank of Japan (BOJ)
Why It Matters:
Tokyo sets the tone for Asian markets — and often for global risk appetite during the Asian session.
The Japanese yen (JPY) is the third most traded currency globally, often acting as a safe-haven barometer during market turmoil.
🔔 Trading Fact:
Japan is also home to massive institutional players known as the "Japanese real money accounts" — pension funds, insurers, and mega-banks.
🌍 4. Hong Kong & Singapore: The Dual Dragons
Nicknames:
Hong Kong: Asia’s World City
Singapore: The Lion City
Why They Matter:
Hong Kong: Gateway for global money flowing into China and emerging Asian markets.
Singapore: Major hub for forex trading, wealth management, and commodity trading.
Both cities are fiercely competitive, tech-driven, and strategically vital for accessing Asia’s fast-growing economies.
🔔 Trading Fact:
Singapore is now ranked among the top 3 global forex trading hubs, catching up fast to London and New York.
🌍 5. Zurich: The Quiet Giant
Nickname: The Bank Vault of Europe
Key Institutions:
Swiss National Bank (SNB)
Swiss private banking giants (UBS, Credit Suisse)
Why It Matters:
Zurich represents stability, security, and discretion. It's a powerhouse in private banking, wealth management, and gold trading.
The Swiss franc (CHF) is another classic safe-haven currency — and Zurich's influence is a big reason why.
🔔 Nerdy Fact:
Despite its small size, Switzerland punches way above its weight in forex and commodity markets.
🗺️ Why These Cities Matter to Your Trading
Liquidity:
Big cities = Big volumes = Tighter spreads and faster executions.
Market Movements:
Economic reports, policy decisions, and corporate news from these capitals can spark global volatility.
Session Overlaps:
New York–London overlap?
Tokyo–London handoff?
Understanding when these cities are active helps you time your trades better.
Final Thoughts :
You don't have to live in New York or Tokyo to trade like a pro.
But you do need to understand where the big moves are born.
Follow the money.
Watch the capitals.
Trade smarter.
Markets may seem chaotic — but behind the noise, the world’s financial capitals keep the rhythm steady.
put together by : @currencynerd as Pako Phutietsile
USDJPY Wave Analysis – 6 May 2025
- USDJPY reversed from resistance zone
- Likely to fall to support level 140.00
USDJPY currency pair recently reversed from the resistance zone between the resistance level 146.00 (former strong support from March) and the 50% Fibonacci correction of the previous downward impulse from March.
The downward reversal from this resistance zone stopped the previous minor ABC correction 2.
Given the strongly bullish yen sentiment seen today, USDJPY currency pair can be expected to fall to the next support level 142.00 – the breakout of which can lead to further losses toward support level 140.00.