#USDJPY.BULLISH SETUPIf price hit the demand zone , upon confirmation, a buy position might be openedLongby CHILLARFXPublished 3
USDJPY recovers, although USD loses support from interest ratesAccording to CME Group's FedWatch Tool, traders now see a 62.2% chance of the Fed cutting interest rates by 50 basis points at its November 7 meeting, up from 37% a week ago, and a 37.8% chance of a cut. reduce interest rates by 25 basis points. In the future, if the market continues to maintain high probability expectations about the level of interest rate cuts of the US Dollar, the US Dollar will still be under pressure. This trading day is an important trading day when many key Fed officials speak with US Federal Reserve Chairman Jerome Powell. The content of these statements will affect the Dollar and the exchange rate. The probability of a Fed interest rate cut will then fundamentally affect USD/JPY. Looking at the daily chart, USDJPY is still on the recovery path and is achieving certain bullish conditions by breaking above the trend price channel and breaking above the 21-day moving average (EMA21). On the other hand, if USD/JPY continues to maintain price activity above the 0.236% Fibonacci retracement level it will tend to continue to increase further towards the next Fibonacci level at 0.382% price point of 148.113. In addition, the Relative Strength Index rising above the 50 level also shows that there is still quite wide room for price increases ahead towards the 80 level. OANDA:USDJPY also forms a short-term trend price channel that is noticed by the price channel, and the short-term trend is leaning towards the bullish trend, and notable technical levels will be listed below. Support: 142,941 – 141,531 Resistance: 148.113by Xayah_tradingPublished 3
USDJPY: RSI Above 50 plus 3:1 Gann fan being crossedAfter a downward movement, making the 139.574 low, we got strong bullish candles and weak bearish candles. Today price crossed 3:1 fan line, crossing above 143.643, the last support since early August. Today's candle close above an inverted hammer creating a bullish engulfing pattern. RSI is following the trend and breaking above 50-level.Longby AFCapital21Published 3
USDJPY weekly analysis: AM NEVER WRONG IN THE DIRECTION EVER !!USDJPY Weekly Analysis (27/09/2024): Slightly Bullish Bias Ahead As we approach the end of September 2024, USDJPY has shown signs of a potential bullish bias for the upcoming week. Traders and investors are closely monitoring the latest fundamental factors that could shape the pair's movement. In this article, we will provide a detailed analysis of USDJPY’s outlook, focusing on the driving factors, current market conditions, and why we expect a slightly bullish bias this week. Key Fundamental Drivers Behind the USDJPY Bullish Outlook 1. Diverging Monetary Policies One of the main reasons for the slightly bullish bias in USDJPY this week is the ongoing divergence between the monetary policies of the Federal Reserve (Fed) and the Bank of Japan (BoJ). The Fed has maintained its relatively hawkish stance, keeping interest rates elevated to combat inflation. In contrast, the BoJ continues its ultra-loose monetary policy, with little indication of tightening any time soon. The widening interest rate differential between the U.S. and Japan is pushing investors towards the U.S. dollar, favoring the USDJPY pair. This dynamic is likely to continue in the coming days as the market digests recent central bank communications. 2. U.S. Economic Resilience Recent U.S. economic data has exceeded expectations, reinforcing the bullish sentiment for the dollar. The U.S. GDP figures, released earlier this week, showed that the economy grew at a faster pace than anticipated, further solidifying the case for the Fed's tight policy stance. Additionally, strong job market data continues to support the idea of a resilient U.S. economy, boosting demand for the USD. With these positive economic indicators, the U.S. dollar is expected to remain supported, potentially driving USDJPY higher. 3. Safe Haven Demand Easing While the Japanese yen is traditionally considered a safe-haven currency, the recent stabilization in global financial markets has reduced the appeal of the yen as a risk-off asset. Investors are currently more willing to take on risk in search of higher yields, which benefits the U.S. dollar. The calm in global markets, combined with Japan’s low-interest environment, reduces the attractiveness of the yen, giving USDJPY a bullish tilt. Current Market Conditions: USDJPY Technical Outlook From a technical perspective, USDJPY is trading within a consolidation range, but recent price action hints at an upward breakout. The pair has held above the key 148.00 support level, with momentum indicators such as the Relative Strength Index (RSI) showing signs of strengthening bullish momentum. If USDJPY breaks above the 149.00 resistance level this week, we could see further gains toward the psychological 150.00 level. However, traders should watch for any signs of overbought conditions, which could lead to short-term pullbacks. Key Risks to Consider While the fundamental and technical factors point to a slightly bullish bias, it is essential to be aware of potential risks that could derail this outlook: - U.S. Government Shutdown: Ongoing discussions about a potential U.S. government shutdown could introduce market volatility. If the shutdown is prolonged, it could lead to risk-off sentiment, favoring the yen as a safe haven and weakening USDJPY. - Geopolitical Developments: Any sudden escalation in geopolitical tensions could boost safe-haven demand for the yen, putting downward pressure on USDJPY. Conclusion: Slight Bullish Bias for USDJPY this Week Based on the latest fundamental drivers and current market conditions, USDJPY is expected to maintain a slightly bullish bias this week. The diverging monetary policies between the Fed and BoJ, coupled with strong U.S. economic data and easing safe-haven demand, are likely to keep the pair supported. However, traders should stay vigilant for potential risks that could affect the outlook. Key Levels to Watch: Support: 148.00 Resistance: 149.00 and 150.00 As always, manage risk carefully and stay updated on market developments throughout the week. Keep an eye on the U.S. government situation and any central bank announcements that could shift market sentiment. For more updates and detailed analysis on USDJPY and other currency pairs, follow me on TradingView. Keywords: - USDJPY analysis - USDJPY forecast 27/09/2024 - USDJPY weekly outlook - USDJPY bullish bias - USDJPY key levels - USDJPY trading strategy - USDJPY technical analysis - USDJPY support and resistance - Federal Reserve and USDJPY - Bank of Japan impact on USDJPY - USDJPY interest rate differential - USDJPY trading signals - USDJPY market conditions - USDJPY forex analysis - USDJPY price action - USDJPY technical indicators - USDJPY consolidation pattern - USDJPY breakout levels - USDJPY trade opportunities - Forex trading USDJPYLongby PERFECT_MFGPublished 1
USDJPY Possible SELL The market is currently testing the current daily Fib area 0.618. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern. We could see Sellers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.Shortby WiLLProsperForexPublished 2
USD/JPY BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! We are going short on the USD/JPY with the target of 141.931 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsPublished 115
USD/JPY Poised for Gains as DXY StrengthensThe US Dollar Index (DXY) continues its upward momentum as Treasury yields recover from recent losses, bolstering the Greenback’s strength. However, this rally may soon face headwinds, with growing market expectations of additional rate cuts by the US Federal Reserve (Fed) in 2024. Traders are now focusing on the upcoming US Flash Manufacturing PMI, which is due for release within the hour. The PMI data will offer a fresh perspective on the health of the US manufacturing sector, and any surprise in the numbers could influence the Greenback’s near-term trajectory. The Manufacturing PMI is expected to show a slight improvement, reflecting stabilizing economic conditions, but traders remain alert for any deviations from the forecast. According to the CME FedWatch Tool, there is a 50% probability that the Fed could reduce rates by as much as 75 basis points, bringing the federal funds rate to a range of 4.0-4.25% by the end of the year. This potential easing has kept some investors cautious, as it could curb the USD’s long-term gains. From a technical standpoint, we are seeing a key opportunity in the USD/JPY pair, which has rebounded from a strong demand area. The latest Commitment of Traders (COT) report shows that retail traders are still heavily short on the USD/JPY, while institutional "smart money" appears to be shifting its stance, reducing its bearish exposure. This setup aligns with our previous analysis, where we highlighted the potential for a long position as the pair regains upward momentum. As the USD/JPY continues to rebound from this demand zone, the conditions remain favorable for a long trade. The shift in sentiment among institutional traders, combined with the recovery in Treasury yields and the strength of the DXY, supports the case for further upside. However, traders should remain cautious as the Fed’s rate cut expectations may still influence broader USD sentiment in the months ahead. For now, the focus remains on the US PMI release and its impact on both Treasury yields and the USD. Should the data come in stronger than expected, it could provide additional fuel for the DXY’s rally, further reinforcing the bullish outlook for USD/JPY. Conversely, weaker-than-expected PMI data could reignite concerns about the Fed’s dovish outlook, potentially pausing the Greenback's current rally. We continue to monitor the situation closely, with a bullish setup in USD/JPY remaining a key focus in the near term. ✅ Please share your thoughts about USD/JPY in the comments section below and 👍 HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.Longby FOREXN1Published 113
Trading Signal Alert: USDJPY Buy OpportunityDear Traders, We have identified a potential BUY opportunity for the currency pair USDJPY using the EASY Quantum Ai strategy. Below are the details for this trading signal: Direction: Buy Enter Price: 143.845 Take Profit: 144.98033333 Stop Loss: 142.22333333 Rationale: 1. Technical Analysis : Our advanced algorithms have detected a bullish pattern formation on the USDJPY chart, coupled with strong support levels around the Enter Price of 143.845. The momentum indicators are showing positive signals for an upward movement. 2. Economic Indicators : Recent US economic data, including robust job reports and higher-than-expected GDP growth, has bolstered confidence in the USD. Additionally, Japan's low interest rate environment continues to weaken the JPY, thereby amplifying the upward momentum for USDJPY. 3. Market Sentiment : Market sentiment analysis shows a significant influx of buying interest in the USD due to geopolitical stability and investor risk appetite. In summary, our multi-factor analysis points towards an appreciated USDJPY value, making this a strong buy opportunity. Trade safely and always manage your risk. Best Regards, Your Trading TeamLongby ForexRobotEasyPublished 2
USDJPY LONG TRADE IDEAUSDJPY Forecast For This Week(23 Sep-27 Sep 24 & NEXT WEEK ALSO) 1. Price Took Support From a Major Level of 140(Psych Level) 2. Consolidation of around 2 Weeks 3. Inverted Head & Shoulder Kind of Setup 4. Breakout above Neckline 5. Favourable Risk Reward to Upside Buy Above @144 Level SL 143.50-143.40 Target 1 - @ 146.00 Target 2 @ 147.00 & Target 3 @149.00 OANDA:USDJPY Longby Wealthy_VikishPublished 4
USDJPY May Rebound#trading_idea #USDJPY 💡 #USDJPY - Yen Rising On the 1-hour chart, the pair fell to 143 support . The yen bounced today, after Japan's former defence minister Shigeru Ishiba won the leadership contest of the country's ruling Liberal Democratic Party and was set to become its next prime minister. Ishiba is a critic of past monetary stimulus and told the central bank was "on the right policy track" with rate hikes thus far. The RSI in overbought zone while the B&B points on bears power. 🔼If pair rebounds from 143 support, further move to 143.6 and further is possible. 🔽Alternatively, a slide to 142 is likely. 🔴 Click "👍" if you think the price will rebound and "👎" if you think it will slide. ➡️GET $20,000 JUST FOR $99 Longby sabiotradePublished 1
Long Break and Retest TradeUSDJPY Buy from a pullback after creating a Higher High seems like it most likely continue to be bullish.Longby MutatePublished 3
USDJPY forms a head and shoulders bottom patternOn the 4-hour chart, USDJPY formed a head and shoulders bottom pattern, and short-term bulls have the upper hand. Currently, we can pay attention to the support near 141.7. If we fall back to this position and do not break it, we are expected to continue to rise. The upper resistance is around 147.2.Longby XTrendSpeedPublished 3
#USDJPY 1HUSDJPY (US Dollar / Japanese Yen) Timeframe: 1-Hour (1H) Pattern: Rising Wedge A rising wedge pattern has developed on the 1-hour chart of USDJPY. This pattern is formed by two upward-sloping trendlines that converge as the price continues to make higher highs and higher lows. While the price is trending upward, the narrowing wedge suggests that bullish momentum is weakening, typically signaling a potential reversal. The rising wedge is considered a bearish pattern, as it often leads to a downside breakout once the price breaks below the lower trendline. Forecast: Sell Given the current formation, the forecast recommends a selling opportunity. The price is likely to break down from the rising wedge, leading to a potential reversal and a decline in the pair's value. A confirmed breakdown below the lower boundary of the wedge would signal further bearish momentum. Technical Outlook: Resistance Level: The upper boundary of the wedge, where buying pressure could weaken. Support Level: The lower boundary, where a breakout would trigger a selling opportunity. Key Levels to Watch: A break below the wedge’s support line would reinforce the bearish forecast, signaling a potential downward move. Traders should look for confirmation through bearish candlestick patterns or increased selling volume to validate their short positions. Monitor for key economic indicators, particularly US dollar movements influenced by Federal Reserve policies or safe-haven demand for the Japanese yen, which could impact this pair’s direction.Shortby PIPSFIGHTERPublished 6
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. Longby Mihai_IacobPublished 3
usdjpy self explanatory buy look for buying pressure tomorrow 6-8am east us pull backs aswell trade safe love you guys Longby CFMjosiahPublished 2
USDJPY💡Hello everyone, USDJPY chart analysis The price on the H4 frame is in an upward trend after a period of decline. There is an ascending price channel (Trend Channel) The MACD indicator shows a decline in downward momentum and the beginning of bullish momentum. We move to a lower price frame and look for a buying opportunity⬆️ ⛔It is not investment advice, for educational purposes only.by AdhamcurrencyPublished 3
Usdjpy sell in profit Usdjpy sell limit hit and 80 pips profit running 🏃♂️ 1:2 RR FOLLOWING MM AND RM Shortby DNA_traderofficialsPublished 4
USDJPY Possible SELL The market is currently testing the current daily Fib area 0.618. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern. We could see Sellers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.Shortby WiLLProsperForexPublished 4
USD/JPY LOOKS NICEI don't know what you see..I see bullish activities but #dyor. Longby giftedwillPublished 2
USDJPY Forecast: Slight Bullish Bias Expected on 26/09/2024Introduction As we step into the trading session on 26/09/2024, the USDJPY currency pair shows signs of a potential slight bullish bias. This article delves into the latest fundamental factors and market conditions that are likely to drive the pair today. Key economic indicators and geopolitical events will be crucial for traders analyzing USDJPY. If you’re trading USDJPY today or simply following the forex market, this analysis will help you gauge the key factors influencing its movement. Fundamental Drivers for USDJPY's Bullish Outlook 1. US Dollar Strength Supported by Fed’s Hawkish Tone A major factor behind the USDJPY bullish sentiment today is the continued hawkish stance from the Federal Reserve. Following the FOMC meeting earlier this month, Fed Chair Jerome Powell reaffirmed that inflation is still a major concern, and interest rates will remain elevated for longer. This has boosted the US dollar’s value, making it attractive against the Japanese yen, which continues to suffer from the Bank of Japan’s ultra-loose monetary policy. 2. Diverging Monetary Policies The Bank of Japan (BoJ) remains committed to its yield curve control program, keeping interest rates at near-zero levels. With no signs of the BoJ moving toward monetary tightening, the Japanese yen remains under pressure. On the contrary, US interest rates are already among the highest among major economies, pushing the USDJPY pair higher as investors seek better returns in US dollar-denominated assets. 3. US Treasury Yields Influence The correlation between US Treasury yields and the USDJPY pair remains strong. As of 26/09/2024, the 10-year US Treasury yield has climbed further, supported by expectations of future rate hikes. This surge in bond yields bolsters demand for the USD, leading to upward momentum in USDJPY. Higher yields make US assets more attractive compared to Japan’s negative-yielding bonds, contributing to the bullish bias. 4. Safe Haven Demand Fading Another factor favoring USDJPY bullishness today is the reduction in safe-haven demand for the yen. Global markets have seen reduced volatility, with no immediate geopolitical tensions or economic shocks driving traders into the yen as a safe haven. Investors are, therefore, more comfortable seeking higher returns in USD assets, adding upward pressure on the USDJPY pair. 5. US Economic Data Releases Traders will also be closely watching today’s US economic data, including durable goods orders and the weekly initial jobless claims. Positive results in these data sets could provide further impetus for USD strength, reinforcing the bullish bias in USDJPY. On the Japanese side, the absence of significant economic releases today leaves the yen vulnerable to broader market forces. Technical Analysis Supporting Bullish Sentiment From a technical perspective, USDJPY is currently trading above key support levels, maintaining upward momentum. The pair is hovering near the psychological level of 150.00, and a breakout above this could further fuel bullish momentum. The RSI (Relative Strength Index) on the 4-hour chart is still in bullish territory, indicating buying pressure. Moreover, moving averages on both daily and 4-hour timeframes are supporting the bullish outlook for the day. Conclusion In summary, the USDJPY pair is showing a slight bullish bias as of 26/09/2024, driven primarily by strong US dollar fundamentals, higher Treasury yields, and continued divergence in monetary policies between the US and Japan. Traders should keep an eye on US economic data today, as positive results could propel the pair further upward. For forex traders, positioning for bullish moves in USDJPY could offer opportunities, with key resistance levels coming into focus. --- Key SEO Keywords for Ranking: USDJPY forecast, USDJPY bullish bias, USDJPY analysis 26/09/2024, US dollar vs Japanese yen, forex trading USDJPY, FOMC impact on USDJPY, US Treasury yields and USDJPY, trading USDJPY on 26/09/2024, BoJ monetary policy and USDJPY, USDJPY technical analysis today.Longby PERFECT_MFGPublished 4
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. Longby JSALUpdated 6
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.Shortby shawntime_academyPublished 2
BUY USDJPY - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button. We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today! www.tradingview.com Long04:11by Simply-ForexPublished 3