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Japanese Yen / U.S. Dollar

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UPDATE ON USD/JPY TRADESUSD/JPY 30M - How we getting on people, back with another update for you all on this pair. As you can see price pulled back up and into the area of interest we have had marked out. From here we have seen price trade us lower, confirming enough Supply had been introduced to flip the S&D balance. Now that we have been delivered with relevant confirmation we can look to trade with the trend. Taking this market lower, all we need to do now is wait for price to pullback up fractally into an area of Supply giving us the ability to get involved with a more refined entry. Until this we should be holding fire, that is if you didn't get involved from the initial penetration of the zone I gave earlier on today. As we know its much better to be safer with these trades to maximise success rate.
Short
by Lukegforex
Potential 400Pips+ rallyScenario 1: Potential Buy Setup We'll monitor the price action at the 155.78 level. If price breaks and closes above this level, it could signal bullish momentum. In that case, we’ll wait for a pullback into a discount zone within the rally before entering a buy position, targeting 159.90 for 400+pips Scenario 2: Potential Sell Setup Alternatively, if the price breaks and closes below 154.31, it could indicate bearish pressure. We'll then wait for a retracement into the premium zone of the rally to position for a sell, with a target at 152.05. for 260+pips This setup will be updated as the market develops, so stay tuned for precise entry points. Keep your risk management in check, and let the market come to you!
by Ieios
Japanese yen declines on BoJ’s Ueda cautious remarksThe Japanese yen is lower on Monday. In the European session, USD/JPY is trading at 155.08, up 0.51% on the day. Bank of Japan Governor Ueda sent mixed signals about a rate hike in December, leaving investors unclear and sending the yen lower against the US dollar. Ueda said that the timing of a rate hike depended on economic conditions. He noted that there was progress towards sustained inflation from higher wages and consumption, but warned that there were “numerous uncertainties” that the Bank would have to monitor, such as the impact of President-elect Trump’s economic policies. Ueda said that the central bank wouldn’t wait for all uncertainties to clear up before a hike and that the timing would depend on the “economic, price and financial outlook”. The lack of clarity from Ueda wasn’t all that surprising as the BoJ is not transparent with its rate plans, which results in strong volatility whenever the BoJ makes a rate move. Ueda’s comments didn’t change market expectations, as the pricing of a rate hike in December is around 55%. A strong rise in inflation or a significant decline in the yen would support a rate hike at the December meeting. The week ended on a positive note as US retail sales were better than expected in October. Retail sales rose 0.4% m/m, better than the market estimate of 0.3% and the September reading was revised from 0.4% to 0.8%. Annually, retail sales posted a strong gain of 2.8%, up from an upwardly revised gain of 1% in September and blowing past the forecast of 1.9%. The strong data for September and October has lowered the odds of a rate cut in December, which are currently around 60%. On Thursday, prior to the retail sales report, Fed Chair Powell said that “the economy is not sending any signals that we need to be in a hurry to lower rates”. USD/JPY is testing resistance at 156.07. The next resistance line is 157.86 154.97 and 153.18 are the next support levels
by OANDA
4-hr USD/JPY: Up Trend Continuation USD/JPY is showing a solid uptrend, highlighted by strong bullish momentum confirmed by the appearance of a Golden Cross, where the 20 MA has crossed above the 60 MA. This is a strong technical indicator suggesting the continuation of upward movement. Recently, the pair experienced a significant correction of 240 pips, but found strong support at the 154.00 level, which coincides with the 50% Fibonacci retracement — a key level often watched by traders for potential reversals. Following this support test, the currency pair has resumed its bullish trajectory, underpinned by increasing trading volumes. The outlook now points towards a likely retest of the recent peak at 156.40, suggesting potential for further upside gains. Additionally, the 30-minute chart confirms this positive sentiment by displaying another Golden Cross pattern, reinforcing the buying signal. This combination of signals across different timeframes indicates that the trend remains firmly intact with strong momentum on the buyer’s side.
Long
by Trendsharks
3
USD/ JPY buy opportunity. Trade opportunity is there with inline with bullish momentum of the market , the price as expected has come down to a premium area of the overall 4hr swing of the market. opportunity is seen as the price when reached the area of 4hr supply rejected immediately giving us the strong confluence of valid area for supply, a fractal structure followed by COCh ( change of character can be seen after , much clearer on 1hr TF. which gives us a good opportunity to trade after retest of the fractal area . trend is your friend. risk management is key
Long
by rubinGrg
6
UPDATE ON USD/JPYUSD/JPY 4H - If you didn't watch this weeks Sunday Sessions video then you will probably have missed out on this trading opportunity but as you can see price has played out perfectly. I wanted to see price correct itself putting in some bullish structure to trade us up and into the Supply Zone above, giving us the opportunity to go short in this market with the longer term bias. This trade is currently running + 79 pips. (+ 5%) 5RR This meant we could have looked to go long before we went short, taking advantage of this corrective wave before price goes on to put on the new bearish leg. As you can see price is approaching this area of Supply. Once we see price penetrate this area, I will then be looking for reasonable confirmation in order to enter in short, we will want to see some kind of structure break to suggest the end of the correction and the start of the next impulse taking us lower.
Short
by Lukegforex
4
USD/JPY Confronts Key Short-Term ResistanceMarket Overview On Monday, November 18, USD/JPY continues its upward climb as the dollar is strengthening against the yen. This move reflects a mixed market reaction to comments from Bank of Japan (BoJ) Governor Ueda. While Ueda hinted at potential tightening, his hesitation to commit to a specific timeline left traders uncertain. This hesitation limited the short-term confidence in the yen. The market currently prices a 54% probability of a rate hike by the BoJ in December. However, this uncertainty leaves the yen vulnerable, especially as market participants consider the resilience of the U.S. economy and the potential strength of the dollar. Technical Analysis On the hourly chart for USD/JPY, the price bounced after testing a one-month ascending trendline, which acted as a strong support, preventing further declines. The bounce, followed by a break above the key resistance at 154.744, which coincides with the 34-period moving average, reinforced the bullish scenario. The price remains above this moving average, indicating stronger upward momentum. If it stays above this level, the primary scenario remains bullish. However, this level may now act as a support, and any retreat will see traders closely watching reactions around this area. Further resistance levels include Fibonacci extensions at 127.2% (154.993), 161.8% (155.309), 200.0% (155.658), and 241.4% (156.036). If USD/JPY fails to sustain above the 154.744 level and selling pressure intensifies, the price could pull back towards the Fibonacci 61.8% support at 154.395 and eventually test the key support at 153.830.
Long
by Errante
1
Buy OpportunityPotential Trade Setup: Long Position: The analysis suggests a buying opportunity as the price bounces off a strong support zone (154.60). Entry: Around the current price level of 154.61. Stop Loss: Placed below the support at 153.50, allowing for some buffer in case of a false breakout. Take Profit: The target is set at 157.63, which represents a 1.95% upside from the current level. Risk-Reward Ratio: The setup appears favorable with a potential 3-point move to the upside. Analysis Breakdown: Current Price Action: USD/JPY is currently trading around 154.61, showing a recent pullback after a strong uptrend. There is a visible bounce from a support area, suggesting a potential continuation of the uptrend. Volume Profile: The volume profile highlights areas of significant trading activity. The strongest volume node is observed at the 154.60 level, indicating a potential support zone where buyers may step in. Support and Resistance Levels: Support: The nearest support is at 154.60, which aligns with the current price level. Below this, additional support can be seen at 153.50 and 152.23. Resistance: Key resistance levels are identified at 156.58 and 157.67, with the final take-profit target set at 157.63. Squeeze Momentum Indicator: The Squeeze Momentum Indicator is showing green histogram bars, indicating a bullish momentum. However, the histogram bars have started to shrink, suggesting a potential temporary pullback or consolidation.
Long
by GODOCM
USDJPYUSDJPY . Potential long opportunity. After USDJPY has made its correction down to the trend line , the pair is still following the structure and still remains bullish . While USD is still “the best performing currency” at the moment, we can also take that into consideration for the bull move we are anticipating. If our SL is hit, the pair would be breaking structure and make deeper pullbacks in the price. Our SL (Stop Loss) is sitting at 153.758 . An important KL (Key Level) we have to look at is 155.626 . If the KL is broken to the upside, we would see our TP (Take Profit) hit, which is sitting at 157.865 . PARAMETERS - Entry: 154.815 - SL: 153.758 - TP: 157.865 KEY NOTES - USDJPY made it’s pullback down to our trend line. - Breaks below our SL would result in lower lows. - Breaks above our KL would result in higher prices and hitting our TP. Happy trading! FxPocket
Long
by FxPocket
3
London Session Focus: USDJPY Momentum & Potential AUDUSD BuyThis morning during the London session, my primary focus is on the USDJPY. We anticipate a momentum low developing below the current price level. Additionally, the AUDUSD has flagged a potential buying opportunity around the 0.6450 level. The EURUSD and GBPUSD (Cable) are also showing potential for bullish moves; however, their price structures are currently less defined than those of the above-mentioned pairs. Trade wisely and happy trading!
by Charts247TradingAcademy
USDJPY Daily Analysis: Slight Bearish Bias Expected Amid !USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Safe-Haven Yen Demand and Softer U.S. Dollar 18/11/2024 Introduction The USDJPY pair is anticipated to maintain a slight bearish bias today, driven by ongoing demand for the Japanese yen (JPY) as a safe-haven currency and a weaker U.S. dollar (USD) following dovish signals from the Federal Reserve. This article delves into the fundamental factors and technical indicators shaping today’s USDJPY market outlook, offering actionable insights for traders. --- Key Drivers Influencing USDJPY Today 1. Safe-Haven Demand for the Japanese Yen The yen continues to benefit from its status as a safe-haven currency amid geopolitical uncertainties and mixed global economic data. Recent concerns surrounding global economic growth and risk aversion have increased demand for JPY, which strengthens its position against the U.S. dollar. As a result, safe-haven flows are contributing to USDJPY’s bearish bias. 2. Weakening U.S. Dollar Amid Dovish Federal Reserve The U.S. dollar has softened as the Federal Reserve signals a cautious approach to further interest rate hikes. Recent inflation data and moderate employment figures have led to expectations of a prolonged pause in rate adjustments. This dovish tone diminishes the USD’s attractiveness, pressuring USDJPY downward. 3. Bank of Japan’s Stable Policy Approach The Bank of Japan (BoJ) has maintained a dovish stance but remains consistent in its messaging. The BoJ’s approach, coupled with recent market speculation about potential tweaks in policy should inflation rise sustainably, has supported the yen. This has added to USDJPY’s downward pressure as traders favor the stability and potential yield in the JPY. 4. Technical Indicators Pointing to a Bearish Trend USDJPY is trading below its 50-day moving average, and momentum indicators such as the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are showing bearish signals. This alignment of technical factors supports the bearish bias in the pair for today’s trading session. --- Technical Analysis Indicators Moving Averages and RSI USDJPY remains below its 50-day moving average, signaling continued downward momentum. The RSI is trending lower, though it has yet to reach oversold levels, suggesting further potential for declines. MACD and Volume Analysis The MACD is showing a bearish crossover, confirming downside momentum. Volume trends also indicate increased selling pressure, aligning with the expectation of a slight bearish bias today. --- Conclusion With safe-haven demand for the yen, a dovish Federal Reserve weighing on the U.S. dollar, and bearish technical indicators, USDJPY is expected to maintain a slight bearish bias today. Traders should remain vigilant for unexpected market events or economic data releases that could influence the pair’s trajectory. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #JapaneseYenOutlook - #USDWeakness - #USDJPYtoday - #ForexMarketAnalysis - #USDJPYprediction
Short
by PERFECT_MFG
30-mins USD/JPY: 260 pips Drop to Trigger Trend Reversal? Since Friday, the USD/JPY currency pair has experienced a significant drop of over 200 pips, indicating that bearish forces are currently in control of the market. This decline aligns with a classic technical indicator known as the "Death Cross," where the 20-period moving average (MA) crosses below the 60-period MA, signaling strong downward momentum. Late on Friday and into the early hours of Monday, the pair attempted a recovery, pulling back to retest the key resistance level around 155.20, which also coincides with the 50% Fibonacci retracement level. Despite this brief correction, aggressive selling pressure soon resumed, leading to an additional decline of approximately 80 pips. The sharp rejection at the 155.20 mark suggests that it may serve as a significant resistance level going forward. If this resistance holds, it is likely that the bearish trend will continue, potentially pushing the pair further downward by an additional 50 to 100 pips. Market sentiment remains negative, with sellers dominating the action and aiming for new lows in the near term. Traders should monitor this critical zone closely, as a sustained break below recent support levels could trigger another wave of selling pressure, amplifying the downtrend. Conversely, any sustained buying activity above the 155.20 area might suggest a potential reversal,
Short
by Trendsharks