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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

UPDATE ON USD/JPY ANALYSIS & TRADEUSD/JPY 1H - As you can see price has traded perfectly into the zone I gave you all earlier on in the week. We have seen price trade into the zone and go on to deliver us with the bullishness we expected. Unfortunately this took place at 12PM UK time and therefore I was not at my screen nor was I trading at this time to let you all know or to place the position myself. For those of you who may have placed pending orders though, well done you will be in some good profits. This trade is currently running + 112 pips. (+ 8%) 8RR For anyone who did place a pending order or is involved in this bullish leg be sure to take partials and apply safety measures with your positions, I will be looking to get involved in this market I am just waiting for price to pullback now into an area of interest. A big well done to those involved in this market, any questions with regards to the the analysis drop me a message or comment below and I will get back to you as soon as possible!
Long
by Lukegforex
USDJPY Excellent multi-month buy opportunity here.The USDJPY pair has formed the bottom we expected on our last idea (August 22, see chart below) and seems to be finally giving us the long-term buy opportunity we wanted: The RSI has already formed a reversal pattern similar to the January 16 2023 bottom and the confirmation will come when the 1W MACD forms a Bullish Cross, a formation we only got twice in the past year and was a confirmed buy signal. Our Target remains 161.800, the symmetrical Resistance 1 level, similar to where the November 13 2023 High was priced. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDJPY Market Outlook: Bullish Bias Prevails as Key Drivers !!USDJPY Market Outlook: Bullish Bias Prevails as Key Drivers Influence the Pair Introduction As we analyze USDJPY on 25/09/2024, the pair continues to display a slightly bullish bias driven by both fundamental and technical factors. This article delves into the current USDJPY market conditions, shedding light on the key drivers influencing the pair and offering insights into what traders should watch out for this week. Interest Rate Differentials One of the primary factors maintaining a bullish outlook for USDJPY is the persistent divergence in monetary policy between the U.S. Federal Reserve and the Bank of Japan (BoJ). The Federal Reserve remains firm on its hawkish stance, signaling the likelihood of keeping interest rates higher for longer to combat inflation. In contrast, the BoJ continues its ultra-loose monetary policy, maintaining negative interest rates to support its economic recovery. This rate differential remains a significant factor, supporting dollar strength against the yen. U.S. Economic Resilience The U.S. economy has showcased resilience in recent economic data, with robust employment numbers and GDP growth exceeding market expectations. Such data solidifies the Fed's justification for maintaining its tight monetary policy stance. As the U.S. dollar strengthens on the back of these economic developments, the yen has struggled to maintain ground, further contributing to USDJPY's bullish trend. Bank of Japan’s Dovish Stance The BoJ's commitment to its yield curve control (YCC) program and low-interest rates continues to weigh heavily on the yen. Recent statements from BoJ Governor Kazuo Ueda have not indicated any significant shift toward tightening, which markets interpret as a continuation of yen weakness. The lack of immediate inflationary pressures in Japan has allowed the BoJ to maintain its accommodative policies, contributing to the weaker yen and supporting USDJPY’s upward momentum. Geopolitical Uncertainty Another factor influencing the USDJPY pair is the current geopolitical landscape. Rising global uncertainties, particularly in Europe and China, have prompted investors to seek the relative safety of the U.S. dollar. This increased demand for the greenback has provided additional support to USDJPY’s bullish trajectory. Investors are wary of holding riskier assets, preferring currencies backed by strong economies like the U.S., especially in times of uncertainty. Technical Analysis From a technical standpoint, USDJPY remains in a bullish trend on the daily chart. The pair is trading above its key moving averages, with the 50-day and 200-day moving averages signaling upward momentum. Additionally, RSI levels indicate that the pair has not yet entered overbought territory, suggesting there is room for further gains. Resistance at the 150.00 level remains a key psychological point, while support can be seen around 147.50, should any corrective movement occur. Outlook for the Week The USDJPY outlook for this week remains moderately bullish due to the ongoing strength of the U.S. economy, the Fed's hawkish stance, and the BoJ's dovish approach. Traders should monitor key U.S. data releases, including inflation and labor market figures, as these will influence the Fed's decision-making and impact the pair’s movement. Similarly, any unexpected statements from BoJ officials could shift market sentiment toward the yen, but at this point, such a scenario seems unlikely. Conclusion In summary, USDJPY continues to maintain a slightly bullish bias for the week of 25/09/2024. The rate differential between the Fed and BoJ, coupled with the U.S. economy's resilience, supports the dollar's strength against the yen. While technical factors also align with the bullish sentiment, traders should remain vigilant for any developments that could alter the balance between these two currencies. The USDJPY pair is poised for further upward movement, with key levels of support and resistance to be closely watched as the week progresses. Keywords for SEO: USDJPY forecast USDJPY technical analysis USDJPY 25/09/2024 USDJPY weekly outlook USDJPY market conditions U.S. dollar vs Japanese yen Bullish USDJPY bias Bank of Japan dovish policy Federal Reserve interest rates Forex trading analysis USDJPY trading strategies Forex market forecast
Long
by PERFECT_MFG
Bearish drop?USD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as an overlap support. Pivot: 143.51 1st Support: 141.69 1st Resistance: 145.08 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
USD/JPY Wedge Resistance TestIt's been a strong past week for USD/JPY, even as the pair opened last week with its first 140.00 test in a year, followed by the 50 bp rate cut from the FOMC on Wednesday. That built-in a sequence of higher-highs and lows as the Wednesday swing low held above the Fibonacci level at 140.30, and buyers pressed ahead to close last week. And even on Monday, there was a test of support at a prior resistance level of 143.45 which had held. The extension of that bounce ran into a bearish trendline taken from mid-August and September swing highs and, so far, that's brought bears back into the matter. On a fundamental case the bearish side is perhaps as attractive as it's been since before the Fed started hiking rates in 2022, but that's been the case and so far, the pair has continued to push higher in what looks like short-covering from the shorter-term theme that's priced-in since the BoJ intervention in July. At this point, there's still scope for higher-low support at 142.50 or 141.69. If support shows there, the falling wedge remains viable and this is something that can lead into a more extended pullback in USD/JPY. But if bulls can't hold the lows and we see reversion towards 140.00, then that longer-term carry unwind theme takes on more prominence, and if that support breaks down, it could pull the US Dollar along with it. - js
by FOREXcom
USDJPY Short Fakeout TradeUSDJPY Short Fakeout Trade We closed above Previous Day High and Weekly High with a strong momentum driven buy news from the morning then returned below. Stop Loss 10 pips above the wick: 144.798 Take Profit: 143.983 1. R:R 1:1, 0.5% Risk 2. After reaching TP closing half and moving SL to Breakeven 3. Trailing the rest with market structure on M15 and later H1 Close the loser before hitting full SL if price moves back to the breakout level without follow-through. Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1. *CB Consumer Confidence later in NY session 4 pm.*
Short
by Marteyfx
USDJPY Short Fakeout Trade - 2nd entryUSDJPY Short Fakeout Trade - 2nd entry We closed above Previous Day High and Weekly High with a strong momentum making new high and return below the zone twice, Stop Loss 10 pips above the new wick: 144.740 Take Profit: 144.022 1. R:R 1:1, 0.5% Risk 2. After reaching TP closing half and moving SL to Breakeven 3. Trailing the rest with market structure on M15 and later H1 Close the loser before hitting full SL if price moves back to the breakout level without follow-through. Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1. *CB Consumer Confidence later in NY session 4 pm.*
Short
by Marteyfx
USD/JPY SHORTEntry: 144.376 Tp 1 : 129.945 As we can see USD/JPY was previously trending upward until it hit a resistance and created a reversal down for sellers. We want to acknowledge the bearish flag pattern. Also bring our attention to the fact the market is in agreement with flowing down back to support of price 129.945. We are using the daily time frame so be aware of the long hold before price reaches out tp 1-2 weeks. Use proper risk management and proper leverage! Follow me @CEEJAYYTRADES CEEJAY.TRADES ON OTHERS MEDIA PROFITS!!!
Long
by CEEJAYYTRADES
1
Harmonic Pattern in USD/JPY - Potential Sell Opportunity?This 4-hour USD/JPY chart shows a well-defined harmonic pattern, indicating a potential downward move. The price has reached the resistance zone at 144.475 (point D), which aligns with the completion of the pattern and suggests a possible selling opportunity. Key points of the analysis: Pattern: The chart features a harmonic pattern (likely a Gartley or Bat), which signals a trend reversal after point D. Important levels: The key resistance level is at 144.475, while immediate support is found at 143.161. Below that, the next significant support is at 141.339, as indicated by the take-profit (TP) area. Indicators: While the chart shows signs of exhaustion in the upward movement, I'm waiting for confirmation of the downward move. A break below 143.161 would strengthen the selling scenario. Expected scenario: If the price remains below the resistance at 144.475 and breaks through the support at 143.161, there is room for a decline toward 141.339, where the take-profit is set. However, a break above 144.475 would invalidate the selling scenario. What do you think? Do you believe the pattern will confirm and the price will drop? Share your thoughts below and post your own analysis!
Short
by MrVNpt
USDJPY Massive Short! SELL! My dear subscribers, This is my opinion on the USDJPY next move: The instrument tests an important psychological level 143.56 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 141.86 My Stop Loss - 144.52 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
USDJPYwe could see a serious strengthening of the dollar in the next coming months. as we have seen. the dollar rose as high as 144.50 yen, reaching its highest level since early September. It was last up 0.92% at 143.92. The euro also strengthened against the yen, gaining 0.93% to 160.59. "We're seeing a little bit of consolidation in markets that got the dollar-yen move, which has been quite significant in the past few days since the Fed," said Shaun Osborne, chief FX strategist at Scotiabank in Toronto, referring to the Federal Reserve's decision on Wednesday to cut interest rates by half a percentage point. trade with caution low risk approach as usual
Long
by thabang01
1