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JPYUSD trade ideas

I think bulls are back and vote wisely #155-156 In the coming WKAs the election draws near, we have been experiencing a lot of spike and market manipulation which makes it a double edge sword thing trading the market right now, who ever win at the US. Election will impact the market both negatively and positively; and let not forget the comment of BOJ about keeping the rate steady at 0.25% for the time being, looking forward to US. Election but market still speculate that BOJ may increase rate by 5% but all this is just buhahahaha to some but from my bais observation USDJPY has hit/make 151.7(once an impulse zone 'Daily timeframe') as it strong low or should I say new support I see further bullish momentum to the upside in the coming weeks. I am nobody just an observer but will like to hear what you think at the comment session... if positive ZONES- 155-158 If negative ZONES- 150-147 LET watch and see what happens...
Long
by harryburnawills
Trump Win Could Spur BOJ Rate Hike if Yen Weakens Further Donald Trump’s victory in the U.S. presidential election is adding new uncertainties for the Bank of Japan (BOJ). The yen's recent slide against the dollar has raised concerns that a further drop—potentially hitting a key 160 yen per dollar level—could prompt the BOJ to hike rates sooner than expected. Former BOJ executive Kazuo Momma suggests that rapid yen depreciation is one of the few triggers for an early rate move. For now, a January rate hike is seen as plausible, but Japan's political climate and economic stability remain critical factors in timing. The BOJ is set to weigh these variables closely ahead of its mid-December policy meeting, where no surprises are expected if a move is communicated in advance. Source: Insights based on Bloomberg's reporting by Toru Fujioka.
by Eleazarahmath
Weekly FOREX Forecast: USD is STRONG Vs CAD, CHF, & JPYThis is an outlook for the week of Nov 4 - 8th. In this video, we will analyze the following FX markets: CAD, CHF, & JPY future, and USDCAD, USDCHF, and USDJPY. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
by RT_Money
USDJPY remains in an uptrend despite the strong dipThe USDJPY pair is under pressure as the dollar has given up part of its gains since the election of President Trump. However, the trend for USDJPY remains upward, and we’re currently seeing a correction. In addition, why should we anticipate USDJPY to keep pushing higher for now? President Trump’s plans to cut taxes are likely to boost inflation, especially with the unemployment rate already at 4.1%. Additionally, if he introduces tariffs, it could further support the U.S. dollar. On the other hand, if the geopolitical situation changes—for instance, if Trump comments on issues in the Middle East, Ukraine, or NATO that raise concerns—this could prompt a flight to safe havens, strengthening the yen. But looking at other currency pairs and stock markets, there’s no sign of panic; in fact, the risk appetite is increasing. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
Will we see intervention and the propping of Yens?We have seen various instances of Japanese Govt intervention and the propping up of a weak Yen. The Yen tends to get to seriously weak points like this as a result of their MP stance (low rates, high exports). The FED rate still sits much higher, as do most major economies. Japan benefits from a weaker currency until it gets too weak. If we see any further rises, we may see such falls as eluded to by Finance Minister Kato earlier today. After the assumption that FED may ease more slowly, USD strength still has a case. Looking for re-shorts on higher fib levels back towards previous highs. Any real price rise (especially if its quick) is likely to warrant further Intervention. Any serious intervention may cause rapid falls on Yen crosses, so a short side bias will be taken but only in proportion to equity/risk at all times. Awaiting further sentiment.
Short
by WillSebastian
Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that is slightly below the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 152.38 Why we like it: There is a pullback support level that is slightly below the 61.8% Fibonacci retracement. Stop loss: 151.57 Why we like it: There is a pullback support. Take profit: 153.76 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Long
by VantageMarkets
USDJPY Daily Outlook: Bearish Bias Expected Amid Key Economic !USDJPY Daily Outlook: Bearish Bias Expected Amid Key Economic Drivers (07/11/2024) Overview On November 7, 2024, USDJPY appears to be leaning toward a slight bearish bias as various fundamental factors impact the pair. This article delves into the primary drivers shaping USDJPY today, including central bank policy stances, global market sentiment, and economic data releases. Traders and investors on TradingView can benefit from a close analysis of these influences to navigate the USDJPY pair’s movement. Keywords: USDJPY forecast, forex trading, Japanese yen, U.S. dollar, Bank of Japan, Federal Reserve, inflation, interest rates, technical analysis, forex market --- Key Factors Supporting a USDJPY Bearish Bias Today 1. Dovish Stance from the Federal Reserve The Federal Reserve has recently shifted toward a more cautious tone on rate hikes, with key policymakers indicating a preference for a "wait-and-see" approach. This cautious stance could limit USD strength, particularly as traders anticipate no further rate hikes unless inflation surges unexpectedly. A softer dollar environment could weigh on USDJPY. 2. Bank of Japan’s Slightly More Hawkish Outlook While the Bank of Japan (BoJ) has traditionally maintained an ultra-loose monetary policy, recent comments from BoJ officials suggest a growing willingness to adjust policy if inflation stays persistently higher. This subtle shift in tone has sparked interest in the yen as traders reassess Japan’s inflation and policy outlook, which could add bearish pressure on USDJPY. 3. Rising Risk Aversion Risk sentiment has turned cautious in global markets, with equities slightly under pressure and investors showing renewed interest in safe-haven assets. The yen, as a traditional safe-haven currency, often benefits in times of risk aversion, making USDJPY more vulnerable to downside movement when risk sentiment fades. 4. Weak U.S. Economic Data Recent U.S. economic indicators, such as declining consumer sentiment and slower employment growth, are casting doubt on the resilience of the U.S. economy. Softer data contributes to concerns that the Fed may pause or even reverse its tightening, further pressuring USD and potentially driving USDJPY lower. 5. Technical Analysis Insights On the technical side, USDJPY is trading near significant resistance at the 150.00 level, a historically sensitive price area. If sellers defend this resistance, USDJPY could turn bearish, with initial support around 148.00. Technical indicators such as the RSI suggest USDJPY may be overbought, aligning with a potential pullback. USDJPY Today: What to Watch For - U.S. Initial Jobless Claims – Today's release of U.S. jobless claims data may further affect USD sentiment, particularly if the data reveals a labor market slowdown, adding to USDJPY’s bearish potential. - BoJ Commentary – Any fresh statements from BoJ officials about policy flexibility could strengthen the yen and add further pressure on USDJPY. Conclusion Today, USDJPY shows signs of a bearish bias due to dovish signals from the Fed, a potentially more hawkish BoJ, risk aversion, and weaker U.S. data. As always, traders should monitor key data releases for potential market-moving surprises that could impact USDJPY. SEO Tags : #USDJPYforecast #ForexTrading #JapaneseYen #USD #USDJPYtechnicalanalysis #ForexMarket #RiskSentiment #CentralBankPolicy #DailyForexAnalysis
Short
by PERFECT_MFG
USDJPY Slightly Bearish Bias Today: Key Fundamental Drivers !Introduction Today, USDJPY exhibits a slight bearish bias amid shifting fundamental factors and evolving market conditions. The yen’s appeal as a safe-haven currency and recent developments in the US economy are shaping USDJPY’s direction. In this article, we’ll analyze the main drivers that contribute to this bearish outlook for USDJPY and highlight what traders should watch in today’s forex market. --- Key Drivers of the Bearish Bias in USDJPY 1. Weakening US Dollar on Mixed Economic Data The US dollar has recently shown signs of softening, driven by mixed economic reports. Data from the past week, including non-farm payrolls and the ISM Manufacturing PMI, indicated a slowdown in US economic activity. This uncertainty around US growth is weakening the dollar’s position against safe-haven currencies like the yen. A weaker USD generally supports a bearish outlook for USDJPY as traders adjust their positions based on changing expectations for the Federal Reserve's policy direction. 2. Dovish Signals from the Federal Reserve Recent signals from the Federal Reserve suggest that it may be nearing the end of its rate-hiking cycle, with a possible pivot in sight for 2025. The Fed’s cautious stance has dampened expectations for further rate increases, which reduces demand for the USD. This dovish shift makes the dollar less attractive, especially when paired against the yen, a currency that typically benefits from safe-haven demand. The reduced rate differential between the US and Japan lends further support to a bearish USDJPY outlook. 3. Bank of Japan’s Monetary Policy Adjustments The Bank of Japan (BOJ) has recently hinted at making adjustments to its ultra-loose monetary policy, indicating a slow but potential shift toward normalization. Although the BOJ has maintained a dovish stance overall, any sign of policy tightening is significant for USDJPY. Market participants are speculating on a gradual shift, which could increase the yen’s appeal relative to the dollar, contributing to the current bearish bias for USDJPY. 4. Global Risk Sentiment and Safe-Haven Demand for Yen The yen’s safe-haven status provides it with support in times of risk aversion, and today’s market sentiment reflects a cautious tone. Geopolitical tensions and economic uncertainty in other major markets are heightening safe-haven demand. As investors seek safety, the yen becomes more attractive, leading to bearish pressure on USDJPY as funds flow into Japan’s currency. 5. US-Japan Yield Spread Narrowing One important factor influencing USDJPY is the yield differential between US Treasuries and Japanese government bonds (JGBs). Recently, the gap has begun to narrow, as US Treasury yields decline amid expectations of a more dovish Fed, while Japanese yields remain steady or inch slightly higher. A narrower yield spread weakens the case for holding USD over JPY, adding weight to a bearish USDJPY outlook. --- Technical Analysis of USDJPY Technically, USDJPY appears to be trading near resistance levels, suggesting potential for a pullback. The pair’s price action is testing support around the 148.50 mark, a critical level that could dictate near-term momentum. Should bearish sentiment intensify, traders could look for downside targets near 148.00 or lower. Conversely, any break above resistance near 149.50 could challenge the bearish bias, although today’s fundamentals lean towards a slightly bearish trend. --- Conclusion In summary, today’s bearish bias in USDJPY is driven by a combination of US dollar weakness, potential adjustments from the BOJ, safe-haven demand for the yen, and a narrowing yield differential. As these factors continue to play out, USDJPY may face further downside pressure unless there is a significant shift in either US or Japanese economic policy. Traders should keep a close watch on upcoming US data releases and any new BOJ policy commentary, as these events could shape the pair’s movement in the near term. --- SEO Tags: #USDJPYAnalysis #USDJPYForecast #USDJPYToday #USDJPYFundamentalAnalysis #USDollarYenOutlook #BankofJapanPolicy #ForexMarketUpdate #TradingUSDJPY #USDJPYBearishBias
Short
by PERFECT_MFG
USDJPY InsightHello, subscribers! Please share your personal opinions in the comments. Don't forget to boost and subscribe! Key Points - October 31: The Bank of Japan decided to keep interest rates unchanged. Governor Ueda mentioned that real interest rates are currently very low and added that they will raise policy rates as economic and price outlooks improve. - Iowa Polls: Following news that Harris is leading within the margin of error in Iowa, where Trump had a lead, we’re seeing a reversal in the "Trump trade." - November FOMC: The Federal Reserve is expected to implement a 25 basis point rate cut in this month’s FOMC meeting. - OPEC: OPEC and OPEC+ have postponed their production increase plans once again. Key Economic Indicators - November 5: U.S. Presidential Election, Reserve Bank of Australia rate decision - November 7: Bank of England rate decision - November 8: FOMC meeting results announcement USD/JPY Chart Analysis Although the Bank of Japan kept rates steady, hawkish remarks were made during the subsequent press conference, contributing to dollar weakness and yen strength, along with the "Trump trade" reversal. Currently, the price is forming around the 152 line. There’s a possibility of a further pullback to the 149.500 line; however, in the broader perspective, the likelihood of a rise to the 158 line is stronger. With the FOMC meeting and U.S. election this week, major factors will be in play. If the market direction shifts, I’ll swiftly adjust strategies.
Long
by shawntime_academy
USDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
USD/JPY May Experience Slight DeclineIn Tuesday's Asian trading session, the Japanese Yen (JPY) weakened against the US Dollar (USD), moving away from the one-week high reached the previous day. However, the decline in JPY may be limited as traders remain cautious amid the uncertainty surrounding the US presidential election, coupled with expectations that the Bank of Japan (BoJ) will raise interest rates in December. At the same time, the ongoing "Trump deal" and expectations that the Federal Reserve (Fed) may cut interest rates later this week have led to a decline in US Treasury yields, narrowing the interest rate differential between the US and Japan. This weakens the demand for USD, providing support for JPY. Additionally, a weaker risk sentiment could favor the Yen and limit significant upside moves in the USD/JPY pair. With resistance at 152.337, the USD/JPY pair may struggle to maintain strong upward momentum. If the price fails to break above this level, the likelihood of a downward correction increases, with the nearest support levels at 151.500 and 151.000. However, if the Yen continues to face pressure from macroeconomic factors such as US election uncertainty or expectations surrounding the BoJ’s monetary policy, the USD/JPY pair may still test the 152.337 resistance again.
by Alisa_Rokosz
USDJPY Will Go Down From Resistance! Short! Here is our detailed technical review for USDJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 151.684. Considering the today's price action, probabilities will be high to see a movement to 147.149. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
USDJPY_108 2024.11.04 10:25:05 Trading Signal SELLFrankPro Signal for USDJPY_108 Type: Screen Signal: SELL TP: 151.8175 SL: 152.031 Entry Price: 151.97 Analysis for USDJPY Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Up LT=Up ST=Down LT=Down ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here are my expectations for the USD/JPY pair: **Short-term (next few days to a week):** * The pair is expected to test the support level near 150.25 before potentially rebounding and continuing its growth. * A breakout above the resistance area and closing above 154.45 would confirm this growth. * Given the soft nonfarm payrolls report expected, the pair might experience some volatility, but the overall trend suggests a rebound and continuation of growth. **Expected price movement:** Up **Long-term (next few weeks to a month):** * The pair has reclaimed the 151.00-152.00 region, which could act as new support, and could target levels such as 155.60 and even 160.00 in the coming weeks. * The US Dollar Index (DXY) breaking above its 104.50 resistance level could further support the pair's growth. * Political instability in Japan and a strong US economy are expected to continue contributing to the yen's weakness. **Expected price movement:** Up **Note:** The Elliott Wave analysis suggests potential continued growth, but it's essential to consider the broader market context and other technical indicators for a comprehensive view. Overall, both short-term and long-term analyses suggest that the USD/JPY pair is expected to go up, with some potential volatility in the short-term due to the soft nonfarm payrolls report. Result: ST=Up LT=Up Analysis Method(1) **Short-term Analysis (next few days/week):** Based on the technical analysis, the USD/JPY pair is expected to experience a pause in its recent up move due to the overstretched condition of the JPY implied volatility index. The pair is currently under pressure near the psychological resistance of 150.00, and a break below 143.60 intermediate support could trigger renewed weakness. However, a clearance above 149.30 could extend the rebound. Given these conditions, the short-term outlook is **neutral to slightly bearish**, with a potential downside move to 143.60 or lower if the support is broken. **Long-term Analysis (rest of 2024 and beyond):** The long-term forecast suggests that the USD/JPY pair will trade within a range of ¥138 to ¥150 in 2024. Analysts predict a modest strengthening of the US Dollar against the yen until the end of the year, with the pair expected to close at ¥145.555 in December. However, the long-term analysis also suggests that bears are dominating the market, with the price moving at the lower boundary of Bollinger Bands. This indicates a potential **downside bias** in the long term, with the pair potentially declining to ¥140 or lower by the end of the year. Overall, the USD/JPY pair is expected to experience a short-term pause or potential downside move, followed by a long-term decline to ¥140 or lower by the end of 2024. Result: ST=Down LT=Down Analysis Method(2) Based on the provided analysis, here is my assessment of the USD/JPY pair's expected price movement in both the short-term and long-term: **Short-term (next few days to a week):** * The pair is currently experiencing selling pressure near the psychological resistance of 150.00, and the prospect of market volatility ahead of the US presidential election is acting as a headwind for the yen carry trade, benefiting the Japanese Yen. * The technical analysis suggests that the pair may test the support level near 150.25, with potential for an upward rebound. * However, the VIX index is above 20, indicating increased volatility, which could lead to a breakout below 148.45, indicating a continuation of the decline. * Given these factors, I expect the price to **go down** in the short-term, potentially testing the support level near 150.25 or even breaking below 148.45. **Long-term (next few weeks to months):** * The fundamental factors suggest that the US Dollar's outlook is firm despite current pressures, with traders pricing out larger-than-usual interest rate cuts by the Federal Reserve. * The potential for a bullish reclaim of the 151.00-152.00 region could lead to targets of 155.60 and even 160.00 if the US Dollar strengthens across the board. * The Bank of Japan's potential ending of its negative interest rate policy could support the Yen, but this is not expected to have a significant impact in the long-term. * Given these factors, I expect the price to **go up** in the long-term, potentially breaking above 154.45 and reaching targets of 155.60 and 160.00. Please note that these predictions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up
Short
by orbborisson
USDJPY today The USDJPY chart shows a clear downtrend after breaking out of the highlighted price consolidation zone. The pair initially held within a tight range (indicated by the shaded box), but a decisive bearish breakout occurred, signaling a shift in momentum favoring the sellers. The price is now trading below both the 34 and 89 EMAs, reinforcing the bearish sentiment. Key levels to watch include the immediate support around 151.454, which aligns with previous lows. The chart suggests further downside potential if this support level fails to hold. The projected arrows indicate potential retracement levels where price may attempt a short-term recovery before resuming the downtrend.
Short
by Pierce_Bowers
2
USDJPY Wave Analysis 6 November 2024 - USDJPY broke resistance area - Likely to rise to resistance level 156.00 USDJPY currency pair today broke the resistance area located between the resistance level 153.25 (which reversed the pair twice at the end of October) and the 61.8% Fibonacci correction of the sharp downward impulse from the start of July. The breakout of this resistance area is likely to further increase the bullish pressure on this currency pair. Given the strongly bullish US dollar sentiment that can be seen across the FX markets today, USDJPY currency pair can be expected to rise further to the next resistance level 156.00, former minor support from July.
Long
by FxProGlobal