USDJPY #3In the monthly chart we remain very bullish overall and in the weekly chart we see a strong wick rejection . The next weekly candles showing no downward momentum. I assume this is the end of the pullbackLongby iBonZe0Published 114
UDJPY/NFPbig day friday coming up with heavy news on front followed by soft news from adp employment. number of jobs are going to give the weekly on uj and dxy a run back in my point of view. not a financial adviceLongby ASFAND_GOLDPublished 2
USDJPY Long again for meDo not trade my ideas. I am not a professional So my personal opinion on yen and how its acted in the past has me pretty certain it will sell off again. Thus increasing the exchange rate on Usd/jpy Either way this pair likes to move 100 pips on zero news in both directions so this is where I will be capitalizing stop loss 142.50 Longby r0oarimali0nPublished 2
Yen extends gains on solid wage growth, consumer spending nextThe Japanese yen has posted gains on Thursday. In the North American session, USD/JPY is trading at 143.27 at the time of writing, down 0.33% on the day. The yen continues to pummel the US dollar and is up 1.9% this week. Since July 1, the yen has surged a massive 10.7%. Average cash earnings in Japan rose 3.6% y/y in July, down from 4.5% in June, which was the highest since January 1997. Still, this beat the market estimate of 3.1%. Wages are a key factor as to how soon the Bank of Japan could raise interest rates. Inflation has been moving higher but the BoJ wants to see increased wage growth as well in order to achieve the Bank’s target of sustainable inflation at 2%. Japanese firms agreed to a huge wage increase of 5.1% for 2024 and this is being reflected in solid wage growth. Japan’s economy is showing signs of recovery and consumers are opening their wallets. Household spending will be released early Friday and is expected to rebound with a gain of 1.2% y/y in July, following a 1.4% decline in June. In the US, all eyes are on Friday’s employment report, specifically nonfarm payrolls. After a lower-than-expected gain of 114 thousand in July, the markets expect a gain of 160 thousand in August. The weak July numbers triggered a meltdown in the financial markets and investors remain uneasy. The Federal Reserve is poised to deliver a milestone rate cut on Sept. 18. The likelihood of a 25 bps cut stands at 61% and a 50 bps cut at 39%, according to CME’s FedWatch and these odds could change after the US employment report. USD/JPY has pushed below support at 143.57 and tested support at 142.91 earlier There is resistance at 144.10 and 144.76by OANDAPublished 0
USDJPY LONGThe USD/JPY pair is experiencing bullish momentum today primarily due to two main factors: rising U.S. Treasury yields and positive economic data from the United States. U.S. Treasury Yields: The yields on U.S. Treasury bonds have increased recently, particularly following comments from Federal Reserve officials suggesting that interest rates may remain high for a longer period. Higher U.S. yields generally attract foreign investors, leading to increased demand for the U.S. dollar and a subsequent rise in USD/JPY. Strong U.S. Economic Data: Recent U.S. economic indicators, such as employment and manufacturing data, have come in stronger than expected. This has reinforced market expectations that the Federal Reserve may continue its tightening monetary policy, further supporting the U.S. dollar against the yen. Additionally, the Bank of Japan's ongoing commitment to a highly accommodative monetary policy contrasts with the Fed's more hawkish stance, contributing to the USD/JPY's upward movement today(Economies)(IG). El par USD/JPY está experimentando un impulso alcista hoy principalmente por dos factores principales: el aumento de los rendimientos de los bonos del Tesoro de Estados Unidos y los datos económicos positivos provenientes de ese país. Rendimientos de los Bonos del Tesoro de EE.UU.: Los rendimientos de los bonos del Tesoro de EE.UU. han aumentado recientemente, especialmente después de los comentarios de funcionarios de la Reserva Federal (Fed) que sugieren que las tasas de interés podrían mantenerse altas por un período prolongado. Los rendimientos más altos suelen atraer a inversores extranjeros, aumentando la demanda del dólar estadounidense y, en consecuencia, el valor del par USD/JPY. Datos Económicos Sólidos en EE.UU.: Los últimos indicadores económicos de EE.UU., como los datos de empleo y manufactura, han sido más sólidos de lo esperado. Esto ha reforzado las expectativas del mercado de que la Fed continúe con su política monetaria restrictiva, lo que a su vez apoya al dólar frente al yen. Además, el compromiso continuo del Banco de Japón con una política monetaria altamente acomodaticia contrasta con la postura más agresiva de la Fed, lo que contribuye al movimiento alcista del USD/JPY hoy(Economies)(IG).Longby TNTFINANCESFOREXPublished 3316
USDJPY sells idea.This right here is a lovely looking trend. It clearly shows that it attempted to reverse upwards, but then it failed. So the most reasonable thing now is to react with the recent reaction which was a failed attempt to move up. Now I marked up a trend line which I believe is strong enough for price to move back to, then I hope the analysis is good enough, and that the market don't want to crash out even more at least today!Shortby CyberFxTraderPublished 1
USDJPY bounce today may allow for a good short ahead of NFPThe bounce back in the USDJPY was a gift for bears. Despite the ISM services data, the rest of the data this week does suggest a possible move below the 141.50 and beyond. The FOMC is on pace to cut rates and with the BOJ hell bent on raising rates, this should help the pair lower regardless of what the NFP data looks like tomorrow. Short02:28by ForexAnalytixPipczarPublished 9
short term (hourly) bearish usdjpystructurally 2hr UJ is in a valid downtrend (no current break of major swings highs and lows) i blurred the first swing into a big trendline, the rest of the major swings, i didn't blur. (1) indicates first swing low, (2) indicates retracement of previous high. this (2) high will be maintained for some time for now. by hanguloeUpdated 2
USDJPY BERISH TRENDAccording to Dow theory and last two candles of bearish trend i think the trend will continue in bearish marketShortby muzairafzal1992Published 2
Long idea (short Term) USDJPYLooking for long entry following the time zone kill zones London usually creates either the H or L of the (trading day) in this case created the low i want to attach the mid point of the NY zone. Sorry in group chat i had a short open closed after realised on small profit waiting for some long entries now. Happy trading Note this is not financial advice. I AMLongby MillionaireMind717Published 6
USD/JPY Looking Downwards#trading_idea #USDJPY 💡 #USDJPY - Outlook On the 1H chart, the pair is trading within a descending channel, indicating continued bearish momentum. The price is below both the 50-period and 20-period moving averages, confirming a strong downtrend, while the MACD remains below the signal line with negative histogram values. The Bull Bear Power indicator shows slightly improving readings, suggesting a possible weakening of the bearish pressure. 🔽If the price breaks below the support level of 143.00, further decline towards the next support at 142.50 is possible. 🔼Otherwise, If the price fails to break below 143.00 and begins to bounce back, a rise towards the resistance level of 144.00 is likely. 🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.Shortby sabiotradePublished 1
long UJim looking for something like this abit later. see if this happens maybe with the news. Uj flipped bullish, but looking to enter with some support around these areas, lets see, will post when around there. Longby FormedzeusUpdated 881
USD/JPY H1 | Potential bearish reversalUSD/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 143.86 which is an overlap resistance. Stop loss is at 144.57 which is a level that sits above an overlap resistance. Take profit is at 143.18 which is a multi-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. 62% 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. 59% 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.Short03:59by FXCMPublished 2
USD/JPY: Navigating the Currency CrossroadsDive into our latest analysis of the USD/JPY currency pair as we explore the intricate dynamics influencing its movement. Uncover the impact of recent economic data, central bank policies, and geopolitical events on this pivotal exchange rate. Gain insights into potential market trends and strategies to navigate the fluctuations in one of the forex market's most traded pairs. Stay ahead of the curve with our expert breakdown and actionable tips for your trading strategy.Shortby FtradeFXArabicUpdated 2
UJUJ completed wave a, next b and c. So we bust rebound UJ here above 143.325 support and maybe we make 61,8% correction near 145.90 area. Longby miketigerUpdated 226
Market Analysis: USD/JPY Trims GainsMarket Analysis: USD/JPY Trims Gains USD/JPY is correcting gains and might test the 144.15 support in the near term. Important Takeaways for USD/JPY Analysis Today - USD/JPY struggled near 147.20 and recently started a downside correction. - There was a break below a major bullish trend line with support at 145.80 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a decent increase from the 144.00 zone. The US Dollar gained bullish momentum above 145.50 against the Japanese Yen. The pair even climbed above 147.00 before the bears appeared near 147.20. As a result, the pair started a downside correction below the 50-hour simple moving average and 146.00. There was a break below a major bullish trend line with support at 145.80. The pair tested the 145.00 zone. A low was formed at 144.89 and the pair is now consolidating losses. Immediate resistance on the USD/JPY chartis near the 23.6% Fib retracement level of the downward move from the 147.20 swing high to the 144.89 low. The first major resistance is near the 50% Fib retracement level of the downward move from the 147.20 swing high to the 144.89 low at 146.05. If there is a close above the 146.05 level and the RSI moves above 50, the pair could rise toward 146.65. The next major resistance is near 147.20, above which the pair could test 148.00 in the coming days. On the downside, the first major support is near the 145.05 level. A downside break below the 145.05 support might spark strong bearish moves. The next major support is near 144.15. If there is a close below 144.15, the pair could decline steadily. In the stated case, the pair might drop toward 143.20. The next stop for the bears may perhaps be near the 142.50 zone. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpenPublished 118
Fundamental Market Analysis for September 05, 2024 USDJPYEvents to watch out for today: 15:30 GMT+3. USD - Number of initial claims for unemployment benefits 17:00 GMT+3. USD - ISM Index of Business Activity in the Services Sector USDJPY: The Japanese yen (JPY) is strengthening against the US dollar (USD) thanks to a second consecutive month of real wage growth in Japan. Japanese workers' cash income rose 3.6% year-on-year in July, down from June's 4.5% increase but the highest since January 1997, exceeding market expectations of 3.1%. This strong performance reinforces speculation that the Bank of Japan (BoJ) may conduct another interest rate hike before the end of 2024. Bank of Japan (BoJ) board member Hajime Takata made several comments on the bank's policy outlook and economic outlook during his speech on Thursday. Japan's economy is recovering at a moderate pace, although some weak signs have been seen. There has been a lot of volatility in stock and currency markets, but we still see that reaching the inflation target is not far off.’ The US dollar is recovering its recent losses, helped by a rise in US Treasury bond yields. However, the dollar ran into trouble after July's JOLTS US job openings data came in below expectations, signalling a further slowdown in the labour market. Traders are now awaiting the release of ISM Services PMI and Initial Jobless Claims due on Thursday. Trading recommendation: Trade predominantly with Sell orders from the current price levelShortby Fresh-Forexcast2004Published 0
USDJPY H4 | Bullish Rise Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 143.67, which is a multi-swing low support. Our take profit will be at 145.09, which is a pullback resistance level close to 50% Fibo retracement. The stop loss will be placed at 142.94,below a swing low support 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. 62% 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. 59% 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. by FXCMPublished 8
USDJPY IdeaUSDJPY not looking good for any long positions. We have broken structure we will see lower lows either this week or next week. Heaps of liquidity on the previous low. will only be looking for shorts today. Happy trading 717Shortby MillionaireMind717Published 4419
A 50 from the Fed would amplify USD/JPY unwind risksThe Fed has made it clear that a further weakening in US labour market would be unwelcome, especially if it leads to a sharp increase in unemployment. With leading indicators continuing to deteriorate, and given the Fed thinks policy is already very restrictive, the risk of the FOMC kicking off its easing cycle with a 50 basis point cut looks underpriced. It could be even more if we see unemployment lift sharply. For an interest rate sensitive FX pair such as the USD/JPY, the growing risk of the Fed having to move aggressively creates additional downside risks. When you throw on top the threat of carry trade unwinds if riskier asset classes start to decline, it could be disorderly in nature as seen in early August. Incoming US labour market data needs to portray a sense of resilience, otherwise the narrative of supersized Fed rate cut will only grow. Unless the data impresses, which looks unlikely given prevailing trends, selling breaks and rallies remains the preferred option in USD/JPY. Sitting on support at 143.63, a push through this level may see bearish bets swell, putting a retest of the August low of 141.70 on the cards. If the break occurs, you could sell with a stop above 143.63 for protection against reversal. The key data releases to watch jobless claims, ADP national employment, along with ISM services, especially the employment subindex. Good luck! DS Shortby FOREXcomPublished 4
USDJPY analysis Thoughts on screen. Awaiting more price action before taking a tradeby kennyejPublished 0
USDJPY buysBuying from previous rejection zone, discount area. Strong R:R, could move lower so using lower lots accordingly. Let's see how it plays outLongby PassivePipsPublished 8858