Cyber Monday saleUp to 70% OFF

Japanese Yen / U.S. Dollar

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

JPYUSD trade ideas

USDJPY Will Go Lower! Short! Take a look at our analysis for USDJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 150.710. The above observations make me that the market will inevitably achieve 148.225 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Fundamental Market Analysis for October 22, 2024 USDJPYThe Japanese yen (JPY) appreciated against its US counterpart during Tuesday's Asian session, partially recovering from the previous day's decline to its lowest level since late July. The recent verbal intervention from the Japanese authorities, coupled with a slight deterioration in global risk sentiment, have been instrumental in providing support to the safe-haven yen. However, the potential for gains for the yen is constrained by uncertainty surrounding the timing and pace of further interest rate hikes by the Bank of Japan (BoJ). Meanwhile, concerns over the possibility of a widening budget deficit following the US presidential election on 5 November and bets on a less aggressive easing policy from the Federal Reserve (Fed) have pushed US Treasury yields to their highest levels in almost three months. This could result in significant appreciation of the Japanese Yen being contained. In addition, the underlying bullish tone on the US Dollar (USD) supports the prospects of some dip-buying in the USD/JPY pair. Trade recommendation: Trading predominantly Buy orders from the current price level.
Long
by Fresh-Forexcast2004
USDJPY InsightHello to all subscribers! Please share your personal opinions in the comments. Don’t forget to like and subscribe. Summary of Major Issues - Mimura, Japan’s Vice Minister of Finance, commented, "The yen’s movements are somewhat one-sided and rapid. Japanese authorities are closely monitoring foreign exchange movements, including speculative moves by foreign capital." - The People’s Bank of China lowered the one-year and five-year Loan Prime Rates by 25 basis points each. - Lorie Logan, President of the Dallas Federal Reserve, expressed support for a gradual rate cut. - Former President Trump is predicted to have a 52% chance of winning the U.S. presidential election, and the U.S. 10-year Treasury yield has risen by more than 10 basis points. - Over the weekend, Israeli Prime Minister Netanyahu was targeted in a drone attack. Summary of Key Economic Indicators - October 22: BoJ Core CPI - October 24: U.S. Initial Jobless Claims, Services PMI USDJPY Trend Analysis The dollar has shown a sharp rise, leading to an upward trend in the USDJPY pair. As former President Trump’s chances of winning the U.S. election increase, the dollar’s strength has gained more momentum, with the U.S. election likely to remain a key factor moving forward. Currently, the chart shows resistance for USDJPY around the 152 line, with a potential drop toward the 140 line. However, as a clear trend has yet to form, we will need to observe further before making a final judgment on the direction. If there is any movement that diverges from expectations, we will revise the strategy accordingly.
Short
by shawntime_academy
USD/JPY: Japan’s Snap Election Opportunities Japan is holding a snap election this Sunday, triggered by a scandal within the ruling Liberal Democratic Party (LDP), despite a general election not being due until late 2025. The LDP, which has dominated Japanese politics for all but four of the last 65 years, has seen its popularity plummet. In June, its poll numbers hit their lowest point this century. While some polls predict the party could cling to its majority, bolstered by a fragmented opposition, fresh data from the Nikkei suggests a different outcome. The business daily warns that the LDP may fall short of securing a majority, a result that could lead to political upheaval not seen since 2009. Pullbacks in USD/JPY have been lessening since early October, and after clearing the 150.00 mark, the next targets for the bulls may be the 200-Day Moving Average and the range between 150.90 and 151.10. Amid a snap election, 152.00 is also a possible target. If the pair experiences another pullback, traders might consider a mid-point of current price action as a potential resistance level.
by BlackBull_Markets
Sellers Bruised As USDJPY Continues To Soar HigherOANDA:USDJPY Check my previous Idea on USDJPY and see if you can find something unique about trading alongside the traders best friend; the trend. I am not that experienced, no not with just 3 years in the system, but I keep asking myself and other traders one simple question... What will you do when a pair is buying? Sell the pullback and expect it to break through the last support of the trend? Wow, just wow. Cause when I went through the latest idea on USDJPY I saw traders making this same mistake of thinking the market is overbought, so it's time we start forcing it to respect our analysis. Here, I think those that know the trend and trade alongside it, "shall be strong and do exploit," just by adding it a little and simple confluence, which will determine the right spot for an entry, to avoid being taken out with the liquidity sweep. Because a wise man once said, "If you can't find the liquidity, then you're the liquidity." What's your thought on the solution to this mistake traders are making, that is eating up our portfolio?
by Samchi01
1