USDJPY Price Action PotentialDepending on the movement of the Dollar Index, this is a potential path of price action on USDJPY. Let's see how it may play out.
USDJPY.P trade ideas
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 144.500 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 144.500 support and resistance area.
Trade safe, Joe.
UsdjpyCurrently on H4 the pair has formed a falling wedge...support by an inverse head and shoulders forex pattern...on the current move on m15...price is above the main three touches support on the four hour time frame...so I'm going long once it hit my resistance for the third time on m15
USDJPY short term This move will probably happen in the beginning of next week before pushing up, but just a potential opportunity for those who missed out on any buys
#USDJPY 1DAYUSD/JPY 1-Day Chart Analysis:
Buy Opportunity on Trendline Breakout
We are observing the USD/JPY currency pair on the 1-day chart, where a potential buy opportunity is emerging. The price is approaching a key trendline, which has acted as resistance in previous sessions. A breakout above this trendline could signal a shift in momentum and indicate a bullish trend.
Key Points:
1Trendline Resistance: The trendline has been established by connecting recent highs, and a successful breakout would suggest strong buying interest.
2.Confirmation Needed: Traders should look for confirmation, such as a close above the trendline with increased volume, to validate the breakout.
3.Target Levels: Once the breakout is confirmed, potential target levels could be set at recent swing highs or key Fibonacci retracement levels.
4.Risk Management: It’s important to set a stop-loss just below the breakout point to manage risk in case the market reverses.
Overall, if USD/JPY breaks above the trendline with strong momentum, it presents a favorable buy opportunity for traders looking to capitalize on potential upward movement.
USD/JPY higher on the week despite Fed's 50 bps cutDespite the Fed's outsized rate cut in mid-week, the USD/JPY and other yen crosses have rebounded this week.
The yen has been undermined by the ongoing risk-on trade in equities space. Today saw JPY fall further after the BoJ turned out to be more dovish at its rate decision and press conference than expected.
As a result, the USD/JPY is on the verge of potentially forming a bullish engulfing weekly candle, after finding good support from around the key 140.00 level.
This week's bullish price action suggests that the prior selling pressure may be over, allowing the pair to potentially climb back towards the 146.50 resistance level in the week ahead.
By Fawad Razaqzada, market analyst at FOREX.com
USD/JPY BUY NOW Hi Traders here is a trade to hold over a weekend, BUY USDJPY don't close your trade until next week. trust your analysis.
Certified price action king
USDJPY: Bearish Continuation & Short Trade
USDJPY
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell USDJPY
Entry - 144.35
Stop - 145.37
Take - 143.27
Our Risk - 1%
Start protection of your profits from lower levels
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USDJPY Channel and Inside ChannelEVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
USDJPY Price AnalysisUSDJPY Price Analysis
Following the FOMC interest rate decision, USDJPY surged nearly 350 pips. This movement is attributed to the robust US economy, as highlighted multiple times by Powell. Consequently, there is little reason for the USD to depreciate significantly.
Despite the Fed cutting rates by 50 basis points in yesterday’s meeting, the interest rate differential remains substantial.
Tomorrow, the BOJ will announce its interest rate decision. The market anticipates that the BOJ will maintain its current rates. This expectation is contributing to a weaker JPY, potentially leading to further gains in USDJPY.
You may find more details in the chart!
Thank you and Good Luck!
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USD/JPY Post-Fed Bounce Still OngoingThe week opened with pain in USD/JPY as the pair tested below the 140.00 level for the first time in a year. But, as looked at in these notes, USD/JPY held support at a big spot of longer-term interest, from 139.28-140.30, and prices started to bounce.
There was then the slow and steady build of higher-lows in the pair, first with a 140.30 bounce and then on the afternoon of FOMC, higher-low defense above that price. Bulls chewed through resistance at prior support of 141.69 and then made their way up for a re-test of 143.45.
Another higher-low developed overnight with a defense of 141.69 and at this point, bulls have an open door to push up to the descending trendline that's still confluent with the 145.00 psychological level.
The fundamental backdrop is not bullish here but fundamentals are not a direct driver of price: Supply and Demand is. And the fact that this is bouncing suggests that previously-oversold dynamics in the pair are continuing to settle and the big question now is whether bears re-enter the equation anytime soon, or whether there's more short-cover to go.
Of note, there's also now a possible falling wedge in the mix and if that breaks, the scope for bulls could continue above 145.00. - js
USD/JPY surges as Bank of Japan stays patThe US dollar has posted sharp gains on Friday. In the European session, USD/JPY is trading at 143.85, up 0.88% at the time of writing. The yen hit a 14-month high on Monday but the dollar has rebounded and is up 2.1% this week. It’s an unusually quiet Friday with no US events on the calendar.
The Bank of Japan held its rate decision just after the Federal Reserve, but there was little drama at the BoJ meeting. The markets had expected that central bank to maintain rates at “around 0.25%” and the BoJ didn’t provide any clues about future hikes. The rate statement didn’t reveal much, stating that the economy had “recovered moderately” but some weakness remained.
The statement noted concern over “developments in financial and foreign exchange market and their impact on Japan’s economic activity and prices”. Governor Ueda said last month that the BoJ would raise rate if the economy and inflation were in line with the Bank’s projections. If key data, particularly inflation, is stronger than expected in the coming weeks, we could see a rate hike at the October meeting.
With inflation in the US largely under control, the Federal Reserve is keeping a worried eye on the labor market, as job growth as deteriorated quickly. That slide has unnerved financial markets and may have been a key factor in the Fed’s jumbo rate cut of 50 basis points this week. Thursday’s unemployment claims for the period ending Sept. 14 were better than expected, at 219 thousand. This was well below the revised 231 thousand reading a week earlier and beat the market estimate of 230 thousand.
USD/JPY pushed above resistance at 142.41 earlier. The next resistance line is 144.55
There is support at 142.41 and 141.00
Ready to short usdjpyAccording to resistance and Fibonacci patterns, this currency needs to some rest
USDJPY - at most expensive supporting area, holds or not??#USDJPY.. well guys market just dropped and reached near to his one of the most important supporting area of the year.
that is 141.10
keep close that supporting area because that is only hope for buyers. any kind of weakness below that will be very expensive for buyers and for Japan as well.
one thing is keep in mind that below 141.00 cut n reverse will be a good option on confirmation.
don't be lazy here.
good luck
trade wisely
Sell OpportunityInstrument: USD/JPY
Position: Sell
Entry: 143.930
1st Target: 141.715
2nd Target: 140.450
Stop Loss: 144.545
Rationale:
The USD/JPY pair is exhibiting signs of a bearish trend, with recent price action indicating a potential downward movement.
USD/JPY Forecast: Bullish Bias Expected – Key Factors to Watch.USD/JPY Forecast: Bullish Bias Expected – Key Factors to Watch (20/09/2024)
As we analyze the USD/JPY pair on 20/09/2024, the outlook appears to be slightly bullish for this week and next. Several key drivers are pushing the U.S. dollar higher against the Japanese yen, creating an attractive opportunity for traders. In this article, we’ll break down the fundamental factors behind this forecast and highlight the elements influencing USD/JPY price action in the coming days.
1. US Dollar Strength Bolsters USD/JPY
The strength of the U.S. dollar is a critical factor contributing to the bullish bias in USD/JPY. With the Federal Reserve signaling a commitment to maintaining high interest rates for an extended period, the greenback remains in demand. Fed officials have recently emphasized their concerns about persistent inflation, leading markets to believe that U.S. interest rates will stay elevated for longer than previously expected.
This hawkish monetary stance, coupled with strong economic data, has made the U.S. dollar more attractive to investors. As a result, USD/JPY has been moving higher, with the strong dollar likely to continue exerting upward pressure on the pair.
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2. Dovish Bank of Japan Keeps the Yen Weak
On the other side of the equation, the Japanese yen remains under pressure due to the Bank of Japan’s (BoJ) ultra-loose monetary policy. The BoJ has shown no signs of tightening monetary policy in the near term, despite global inflationary trends. Japan’s central bank continues to prioritize economic support, maintaining low interest rates while avoiding any drastic policy shifts.
This dovish stance contrasts sharply with the Federal Reserve’s hawkish policy, widening the interest rate differential between the U.S. and Japan. This is a major driver of USD/JPY’s bullish outlook, as investors gravitate towards the higher-yielding U.S. dollar over the lower-yielding yen.
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3. Interest Rate Differentials Favor USD/JPY Upside
One of the most important factors pushing USD/JPY higher is the widening interest rate differential between the U.S. and Japan. While U.S. Treasury yields remain attractive, the yield on Japanese government bonds remains low due to the BoJ’s dovish policy stance. This gap in yields makes the U.S. dollar more appealing for investors seeking better returns.
The widening interest rate gap is a key bullish signal for USD/JPY, as capital continues to flow into U.S. dollar-denominated assets. As long as the Federal Reserve maintains its hawkish tone, and the BoJ remains accommodative, this dynamic will likely support the bullish bias for USD/JPY.
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4. Japanese Economic Weakness Adding Pressure on the Yen
Another factor supporting the bullish bias for USD/JPY is the ongoing weakness in the Japanese economy. Japan has struggled with slow economic growth and weak inflation, further justifying the BoJ’s cautious approach to monetary policy. Domestic consumption remains low, and Japan’s economic recovery has been uneven.
As a result, the Japanese yen continues to face downside pressure, while the U.S. dollar benefits from stronger economic fundamentals. This divergence between the U.S. and Japanese economies adds to the case for a stronger USD/JPY in the coming weeks.
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5. USD/JPY Technical Analysis Suggests Further Upside Potential
From a technical standpoint, USD/JPY is showing signs of further upside. The pair has been testing key resistance levels, and if these levels are broken, we could see a more significant bullish move. The recent price action has shown strength, with USD/JPY consistently finding support at higher lows.
Traders should watch for a potential breakout above these resistance zones, as it could signal further gains for USD/JPY. With strong fundamentals supporting the pair, the technical outlook aligns with the overall bullish bias.
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Conclusion: Bullish Bias Expected for USD/JPY
In conclusion, several fundamental and technical factors support a slightly bullish bias for USD/JPY over the next couple of weeks. The ongoing strength of the U.S. dollar, the dovish stance of the Bank of Japan, favorable interest rate differentials, and Japan’s economic challenges all point towards further upside potential for USD/JPY.
Traders and investors should closely monitor these key drivers as they make their trading decisions. As always, staying updated on central bank policies, economic data, and technical signals will be crucial in navigating the USD/JPY price action during this period.
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“Can USD/JPY Surpass the 144.0 Level?”The Bank of Japan (BoJ) kept its policy interest rate unchanged, holding it steady at 0.25%. The bank noted that Japan's economic recovery is continuing, and inflationary pressures have eased due to a decline in import prices. According to data released today, Japan's Consumer Price Index (CPI) for August increased by 3% year-over-year, in line with expectations. As a result, the USD/JPY pair has gained momentum, rising from the 140.85 level.
From a technical perspective, if the 144.10 level is surpassed, the pair may test the 147.30 resistance first, followed by 149.55. On the downside, if it falls below the 140.85 support level, a drop toward 138.0 and then 135.15 could occur.
USDJPY SHORTIn a higher timeframe trend still bearish
if we hit the order block and fibo level 0.705 and 0.79 we may probable see continuation of the trend
However currently we are on the resistance zone which may push the prize but if we break above the resistance zone and see the retest we will see the prize at fibo level
And we can order our short positions
USD/JPY Moving Up#trading_idea #USDJPY 💡
#USDJPY - Yen is Weak
On the 4-hour chart, pair is testing 143.625 resistance . Strong upward movement shows bullish power with Stochastic confirming this. Price is above MA(100).
🔼If price breaks out 143.625 resistance, further move to 144.623 is possible.
🔽Alternatively, a slide to 141.976 is likely.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
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Weekly Round-up: USD/JPY & GBP/USD Market AnalysisHi Traders,
Here's a summary of the week so far for USD/JPY and GBP/USD.
This week has been packed with economic data releases. Earlier today, the Bank of Japan kept interest rates unchanged but expressed optimism about improvements in the broader Japanese economy.
The overall trend for USD/JPY remains bearish, and we anticipate this to persist into the coming week. As for GBP/USD, our short trade closed yesterday, and we are now expecting a continuation of the upward trend, breaking above the momentum high.
Have a wonderful weekend!
USDJPY TRADE IDEAUSDJPY has printed a clear H/S reversal pattern: it has been in a correction phase wave (a) which played out as a simple correction (abc) for wave (a), and (b) played out as complex correction wxy, now we are heading back to the upside to complete the whole wave cycle in minutte wave (2) which will likely playout as (abc) simple correction or (wxy) complex correction,
in my last forcast, i expected price to push to 5% fib which it didnt go as expected but price later broke our key level which we took advantage of the sell opportunity and make 700 pips from the market
USDJPYUSDJPY If the price can stay above the support level at 139.87, it is expected that the price will have a chance to test the 143.70 and 144.83 levels. Consider buying in the red zone.
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>>GooD Luck 😊
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