Get started
JPY Currency IndexJPY Currency IndexJPY Currency Index

JPY Currency Index

No trades
See on Supercharts
Overview
Ideas
Discussions Seasonals

JPYX trade ideas

Is JPY ready to plummetWe saw JPYX go up in a rising channel and topped at 866 then reversed, which is usually a reversal sign after a sustained move to the upside. Market then traded and broke out of the channel as well as the 851 key support, which confirmed that sellers had stepped in. We then traded below and broke 840 and retested it as resistance. With the weekly timeframe having a double top around 863, coupled with negative divergence, could we see a continuation leg down on JPYX to revisit the lows at 825.
PEPPERSTONE:JPYXShort
by Pepperstone
1
JPYX INC BULL SWINGJapanese Yen is nearing a crucial point of FIBO level 61 This level can be see as a pivot point for price action many times over and over again The yen fundamentally is in a 20+ Year run of Qualatative easing and negative interests rates The new BoJ Ueda seems very reluctant to use any type of terminology that leads one to believe that a swift change is on the horizon However the tides are still shifting for the YEN and the consensus of a great majority of economists in the region is that its not a matter of IF QE will stop, its just a matter of WHEN Assuming our critical fibo level holds as support for the WEEKLY uptrend, then we should see the DAILY/H4 trend turn from BEAR to BULL at these levels Our targets are painted by the Fibo Extension of the potential support levels
PEPPERSTONE:JPYXLong
by NakedTrading4U
jpy 225 index 🚨ALERT🚨 Our latest analysis has identified a major support zone for the JPY 225 currency index following the recent decision by the Bank of Japan's new governor, Kazuo Ueda, and other high-impact news events in the economy. 📊💹 With Japan's consumer price inflation hitting a fresh 41-year high in January and remaining above the 2% target for the tenth straight month, the central bank faces increasing pressure to withdraw its massive monetary stimulus. 💸💰 However, with government energy subsidies taking effect this month, experts predict that inflation will fall below the Bank of Japan's target by mid-year. 💡💼 At FX Finance Academy, our team of experts is closely monitoring this situation and has identified a short position opportunity that lines up perfectly with our channel trading support and resistance levels. Don't miss out on this chance to stay ahead of the curve and make informed trading decisions. Join us now for more expert insights!
PEPPERSTONE:JPYXShort
by OfficialKieranTrewick
JPY index short viewThe JPY index could continue to weaken if it sticks to the previous pattern of movement. In March, we see a strong bearish impulse followed by a pullback that stopped at the 38.2% Fibonacci level. Then we see the continued weakening of the JPY index, and each subsequent pullback is stopped in the zone around the 61.8% Fibonacci level. We could say that the Japanese yen is at a very important turning point for the future movement of the trend. Looking at all major currency pairs against the yen, we see that all currencies are in a bearish consolidation which could be a trap for a continuation of the bearish option.
PEPPERSTONE:JPYXShort
by Aleksin_Aleksandar