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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

UsdJpy could return to 150In mid-September, USD/JPY dropped below the 141.80 technical support level and even briefly fell under 140. However, this bearish move was short-lived and ultimately proved to be a false breakout. The pair quickly recovered, and despite some signs of a potential continuation of the downtrend from the trend line on Monday and Tuesday, yesterday's session was marked by a strong bullish engulfing candle that broke above the falling trend line. At this point, the path for further gains seems clear, with 147 and possibly 150 as upside targets for the bulls. In conclusion, as long as technical support holds, I am looking to buy on dips.
Long
by Mihai_Iacob
USDJPY, bound for more significant RISE, +800 pip prospect.USDJPY corrected heavily this past couple of weeks after reaching parabolic highs. The pullback retested and respected its long term strong support line with utmost precision. After that expected precised drop touch on its support base, weighty bounce followed thereafter. Now, based on daily data metrics, UJ is preppin to continue that strong recovery for a possible 800 pip growth prospect to 154.0 levels. The current bargain area is a good seeding zone. A shift in behavior has been spotted and a break in structure is forthcoming soon. A strong momentum is in order from here on. This is poise to become a pocket filler opportunity. Spotted at 146.0 TAYOR.
Long
by JSAL
USDJPY InsightHello, subscribers! Please share your personal opinions in the comments. Don’t forget to like and subscribe. At the September FOMC meeting, the Federal Reserve implemented a 50 basis point rate cut, while the Bank of Japan held rates steady on the 20th. The dot plot released along with the FOMC results suggested an additional 50bp cut could occur later this year. Earlier this week, China announced significant economic stimulus measures, including a 50bp cut to the reserve requirement ratio by the People’s Bank of China. This led to stronger risk appetite and appreciation of the yuan, putting downward pressure on the dollar. However, it seems that these effects have mostly been absorbed, and we are seeing some signs of a reversal. Meanwhile, Bank of Japan Governor Kazuo Ueda recently commented that the outlook for the U.S. economy remains uncertain, and he would carefully consider the timing of any rate hikes. Despite this, the market still anticipates a 25bp rate hike from the Bank of Japan in December. Upcoming Events: - September 26: U.S. Q2 GDP release, Fed Chair Powell’s speech - September 27: U.S. August PCE Price Index release USD/JPY has rebounded from the 140 level and reached the 144–145 resistance zone. If it meets resistance and declines, a mid-term downtrend could form, with further declines possibly reaching the 130 level. However, if it breaks through the 144–145 resistance zone, it is expected to rise to the 149–150 range. Since there is no clear trend beyond that, we’ll assess the situation when the time comes. If market movements differ from expectations, we will adjust our strategy quickly.
Short
by shawntime_academy
USDJPY H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 145.99, which is a pullback resistance and a 61.8% Fibonacci retracement and 161.8% Fibonacci Extension Our take profit will be at 143.45, an overlap support level. The stop loss will be at 148.22, an overlap resistance 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.
Short
by FXCM
USDJPY Sell PositionTrade Journal Entry USDJPY Sell Time Frame: - Daily (FVG Identification) - 4-hour (Entry Signal) --- 1. Trend Confirmation: Identified a Break of Structure (BOS) on USDJPY by breaking the previous low at 143.43, indicating a continuation in market sentiment and confirming a bearish trend. Noted as well that price is just below a trendline, providing another resistance for price to break. 2. Fair Value Gap (FVG): On the daily chart, noted a Fair Value Gap between 145.00 and 144.25. This gap is a potential reversal zone where the price has revisited, providing a trading opportunity. 3. Entry Signal On the 4-hour chart, an engulfing bearish candle formed after touching the identified FVG zone. This pattern aligns with the bearish trend and indicates a potential continuation of the downtrend. 4. Trade Execution Entry Price: 143.58 Trailing SL: 144.70 (above trendline) TP1: 140.00-140.5 (previous low) TP2: 135.00 (1.618 Fibonacci) Risk-Reward Ratio (RRR): 1:3 - 1:7.5 Monitoring: Check-in daily at 8 AM & 8 PM 5. Outcome: Exit Price: Profit/Loss: pips Summary: The trade is based on a bearish trend confirmed by down trendline & the break of the previous low supported by the bearish engulfing pattern within the daily FVG. --- Linarto Wijaya
Short
by Phoenix-Rise-Trade
USD/JPY jumps as BoJ Core CPI stallsThe Japanese yen is sharply lower on Wednesday. In the North American session, USD/JPY is trading at 144.49, up 0.89% at the time of writing. The Bank of Japan is expected to raise interest rates and continue on the path to normalization. The BoJ lifted rates out of negative territory in March but rates are barely above zero and the markets are expecting further hikes, although the timing remains unclear. This has made the BoJ an outlier among the major central banks, which have lowered rates in response to falling inflation. In Japan, inflation has been on the rise and hit 3.0% in August after running at 2.8% in the prior three months. The BoJ has signaled that it will raise rates but has been cautious, and Governor Ueda said on Tuesday that the central bank can afford to wait and is not in any rush to hike rates. The US Conference Board consumer confidence index is usually not a market-mover but a very soft reading on Tuesday sent the US dollar lower against most of the major currencies. The index slipped to 98.7 in September, down sharply from a revised 105.6 in August and below the market estimate of 103.8. The US labor market has deteriorated and consumers are worried about job security. The US releases GDP (third estimate) for the second quarter with a forecast of 3.0%. This would confirm the second estimate and point to stronger economic growth after a 1.4% gain in the first quarter. Still, the Fed may be planning another jumbo rate cut – the markets have priced in a 50-basis point cut at the next meeting in November, according to CME’s FedWatch. USD/JPY has pushed above resistance at 143.67 and 144.23. Above, there is resistance at 145.23 There is support at 142.67 and 142.11
by OANDA
UJ update 9-25 AM - is the downside OVER on the weekly? Targets and updates! Weekly down to hourly. We are in a rotation between the previously marked important regions - the "PINK" wkly region has continued to provide insight and the 1H gap as noted has held price as we rotate between these regions. What to look for as bullish signs we are heading up and where are those targets above? Is the downside RULED OUT?.. well, there is a note worth making here IMO.. see the video for all the areas and explanation.. Happy Trading -- Doc!
Long
by docholliday
USDJPY Buy IdeaIchimoku Kinko Hyo default setting Stochastic Oscillator (14,3,3) TF H1 Have a look on the stochastic which emerge from oversold area, and if we switching to H4 chart, price is just right above Kijun and stochastic is at oversold area as well, leading to suspicion that the pair is looking for a healthy uptrend TP is at the previous resistance on H1 and SL is a bit wide but no issue for a swing trader, SL distance is around 50 pips. The price is playing inside the cloud however the bottom cloud of H1 can act as last line of defense, if let say the next coming candle closed below outside the cloud, then this setup will be considered invalid.
Long
by MKJoey
USD/JPY breaking down from channel support line..!The Japaneese yen is getting stronger after the japaneese stock market is crashing. People panic selling stocks to buy Yen.. The 12.4% loss on the Nikkei stock was the worst day for the index since the “Black Monday” of 1987. Looking at FX:USDJPY we have broken down from the trading range we have been in since DEC 2022. We could now go up for a re-test of the channel resistance line before further downside could be the next moove. Next demand zones should be at about 137 and 131 and i look for a short opportunity at the re-test of channel resistance line. Make sure to follow me on X for weekly trade analysis: @PuppyNakamoto
Short
by WOLFofBlockStreet