Get started

US Dollar vs Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDJPY.P trade ideas

Weekly FOREX Forecast Oct. 28: USDJPY Is a BUY This Week! The JPY has been weak and will continue to trend downward. The USD is supported by favoring fundamentals, and will likely continue its current bullish leg. Patience will pay you this week. Wait for valid buy setups. Sells are countertrend and lower probability, imo. Buy USDJPY. Sell JPY Futures. Enjoy! May profits be upon you. 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.
Short
by RT_Money
Tokyo Core CPI complicates BoJ’s rate plansThe Japanese yen is showing limited movement on Friday. In the European session, USD/JPY is trading at 151.94, up 0.09%. Tokyo Core CPI, a leading indicator of inflation trends in Japan, fell to 1.8% y/y in October, down from 2% in September and just above the market estimate of 1.7%. This marked a second straight deceleration and was the lowest level since April. A key service inflation indicator also slowed in October, dropping from 2.7% to 2.6%, a four-month low. The decline in inflation is a disappointment for the Bank of Japan, which wants to see inflation remain sustainable around its 2% target before its raises interest rates on the path towards normalization. The BoJ meets next week and is expected to maintain rates. The central bank will release growth and inflation forecasts which could provide insights into future monetary policy. The cautious BoJ is unlikely to raise rates until early next unless inflation reverses its current downtrend and pushes higher. The US wraps up the week with core durable goods orders and UoM consumer sentiment. The manufacturing sector has contracted for four straight months and core durable goods orders are expected to fall 1% in September, after no change in August. The UoM consumer sentiment index is expected to fall to 68.9 in October, compared to 70.1 a month earlier. Consumers are unhappy about high inflation and there is uncertainty over the US election, with an extremely tight race between Donald Trump and Kamala Harris. USD/JPY is testing resistance at 1.5207. The next resistance line is 152.58 151.30 and 150.79 are providing support
by OANDA
USDJPY ** USD/JPY Trade Plan 🚀 **Breakout Trade**: - **Entry**: 152.40-152.50 - **Stop-Loss**: 151.00-151.20 - **Target**: 153.50-154.00 - **Recommendation**: Enter this trade only if the price breaks above 152.50, confirming strong bullish momentum. Watch for a sustained break before entering. 📉 **Pullback Trade**: - **Entry**: 150.20-150.50 - **Stop-Loss**: 149.50 - **Target**: 152.50 (Short-Term), 153.50-154.00 (Long-Term) - **Recommendation**: If the price pulls back to this support level, consider entering. Set a tighter stop-loss to minimize risk in case of continued downward pressure. 🔎 **Fundamental Analysis**: - **USD Strength**: The U.S. dollar is strong right now, supported by high bond yields and solid economic growth. Although the Fed is expected to cut rates in 2024, the dollar remains resilient for now. - **JPY Weakness**: The yen remains weak due to the Bank of Japan’s low-interest-rate policy. The upcoming BOJ meeting on Oct 31 could bring some volatility if any changes to monetary policy are announced. 💡 **Impact**: - If the **USD stays strong**, USD/JPY could continue to rise as investors favor the higher yields in the U.S. - If the **BOJ changes policy** or U.S. interest rates fall, it could cause the yen to strengthen, leading to a potential trend reversal in USD/JPY. **Final Recommendation**: - **Breakout Strategy**: Look for a strong close above **152.50** before entering. - **Pullback Strategy**: Watch for a bounce at **150.20-150.50** and be cautious of BOJ-related volatility. Use tighter stops for risk management.
Long
by azizy73
2
USDJPY: Potential for a Slight Bearish Bias Amid Key FundamentalUSDJPY: Potential for a Slight Bearish Bias Amid Key Fundamental Drivers (25/10/2024) Today, the USDJPY currency pair could experience a slight bearish bias, driven by recent shifts in both the Japanese and U.S. economic landscape. Here’s a breakdown of the factors contributing to this potential trend, along with insights into what traders should watch as the day unfolds. 1. Bank of Japan’s Potential Shift in Policy The Bank of Japan (BoJ) has maintained its ultra-loose monetary policy stance for years, but recent signals suggest a possible move towards tightening. Japanese inflation rates have gradually risen, and with core inflation holding steady above target levels, the BoJ may finally consider adjusting its dovish stance. Any indication of a shift toward a more hawkish BoJ, even if gradual, could support the JPY, creating downward pressure on the USDJPY pair. 2. US Dollar Weakness on Federal Reserve Pause Speculation The US Dollar (USD) has softened recently as speculation grows that the Federal Reserve may pause rate hikes. U.S. economic data has shown signs of cooling inflation, and Fed officials have hinted that a pause could be on the horizon, given recent macroeconomic indicators. A dovish tone from the Fed typically weakens the USD, thus enhancing the relative strength of the JPY. This potential softening in the dollar is an essential factor in the slight bearish bias for USDJPY. 3. Market Sentiment Shifting Towards Safe-Haven Assets Investor sentiment is currently tilted toward safe-haven assets, largely due to ongoing geopolitical tensions and uncertain global economic conditions. While the USD is also a safe-haven currency, the Japanese Yen (JPY) often gains favor when there’s heightened uncertainty in markets, especially in Asia. This risk-averse sentiment is driving investors to seek the JPY, which could contribute to additional downward momentum in the USDJPY pair today. 4. Technical Indicators Suggest Resistance for USDJPY From a technical perspective, USDJPY is encountering resistance around the 150.00 level. This is a critical psychological threshold, and the pair’s failure to break above this level reinforces a potential bearish sentiment. With Relative Strength Index (RSI) levels approaching overbought territory, a bearish correction might be anticipated. Additionally, a dip below the 149.00 support level could confirm this outlook and signal further downside potential. Summary: Slight Bearish Bias for USDJPY Today’s fundamental factors suggest a slight bearish bias for USDJPY, largely due to potential changes in Bank of Japan policy, a softer US Dollar from Federal Reserve pause speculation, and increased demand for safe-haven assets. Technical resistance at key levels also reinforces the likelihood of a bearish tilt for the pair. Traders should watch for real-time updates on BoJ announcements, Fed commentary, and any developments in geopolitical news that could impact USDJPY direction. --- Keywords 1. USDJPY forecast 2. Bank of Japan policy 3. US Dollar analysis 4. Fed rate pause 5. USDJPY bearish trend 6. Forex trading insights 7. Safe-haven assets 8. Japanese Yen strength 9. USDJPY technical levels
Short
by PERFECT_MFG
#USDJPYElliott Wave Structure: The chart indicates the completion of a 5-wave Elliott Wave pattern, with a corrective ABC pattern potentially unfolding. The current price is near the B-wave completion, suggesting that a downward C-wave may follow. Fibonacci Retracement Levels: The price is nearing significant Fibonacci retracement levels (61.8% and 78.6%), which often act as strong resistance areas. This suggests that the price may struggle to push higher, increasing the probability of a downward move. Bearish Momentum: The projected red arrow implies an expectation of bearish momentum, with the price potentially making a lower low after retesting the 78.6% level, indicating a potential selling opportunity. Risk-to-Reward Opportunity: With the price near a resistance zone and clear downside targets indicated, the risk-to-reward ratio could be favorable for a short position, especially if price confirms a reversal at the current levels. This analysis suggests that a short position could be justified based on the technical setup, but as always, risk management and confirmation of signals are essential before entering a trade.
Short
by TheRealHawk
USDJPY → Attempting a trend change. Retest 149.0FX:USDJPY is testing range resistance in the rally phase caused by Friday's news - strong NFP report. The fundamental backdrop within the short-to-medium term is set... From the opening of the session a small correction is forming, the aim of which may be a retest of the support or imbalance zone and consolidation of energy before a further breakout. The market structure is locally bullish on the background of the dollar growth. The Japanese authorities are still silent about their actions to strengthen the national currency (either they think about it or don't think about it :) ), so traders are increasing JPY sales in order to buy USD. The first retest of the resistance at 149.4 failed (bounce). Emphasis on 0.5 fibo or 147.2 support from which the growth may resume... Resistance levels: 147.38 Support levels: 147.5, 147.2, 146.15 On the chart there are preconditions for the change of the local trend to a bullish one, the fundamental background is favorable for this. If the bulls will keep the defense above the support and continue to test the resistance with a breakdown target, then in the short-term-senior perspective we can catch the forging of the impulse to 152.0. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;) Regards R. Linda!
Long
by RLinda
8
USDJPY / UNDER DOWNWARD PRESSURE / 4HUSDJPY / 4H TIME FRAME HELLO TRADERS Accumulation Phase, After breaking out of a straight channel, the price of USD/JPY has entered an accumulation zone, meaning it’s trading in a range without a clear trend. The range is defined between 150.350 and 147.152 . Range Breakout ,The direction of the next major move will be determined by whether the price breaks above 150.350 or below 147.152. Breaking out of this range on either side will signal the market’s direction. Downward Pressure , The overall sentiment seems bearish, indicating the price is trading under downward pressure. However, it is still within an accumulation phase. Fair Value Gap (FVG), The analysis suggests that the price might try to move towards the FVG, located between 150.979 and 152.746, before any potential decline. If the price breaks through this FVG zone, it will confirm an upward trend Demand Zone, There’s a key demand zone between 146.786 and 145.982. If this zone is broken, it will confirm a downtrend and likely signal further bearish movement. FVG : 150.979 and 152.746. Demand Zone : 146.786 and 145.982. Accumulation Zone : 150.350 and 147.152.
Short
by ArinaKarayi
USDJPY BUY | Idea Trading AnalysisUSDJPY is moving UP. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
9
USDJPY FORECAST USD/JPY Forecast Update 📊 Currently, the USD/JPY is creating a liquidity move, indicating potential retracement on the H4 time frame. The price is showing signs of a possible reversal. If the retracement occurs, here are the key targets: 1️⃣ First Target: Order Block (OB) Zone. 2️⃣ Second Target: Fair Value Gap (FVG) Zone. The price could move down towards these levels. If a reversal occurs near the OB zone or FVG line, it could present a buy trade opportunity. Stay alert and be ready to catch both the retracement and the continuation move! 🚀
by ForexProAcademy1
8
USD/JPY H4 | Approaching pullback supportUSD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 150.86 which is a pullback support. Stop loss is at 148.70 which is a level that lies underneath a pullback support. Take profit is at 154.94 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
3
DeGRAM | USDJPY trend growthUSDJPY is moving in an ascending channel between the trend lines. The price is under the resistance level, to which it reacted with a decline. The chart is moving from the lower trend line and has already touched the upper boundary of the channel. We expect a correction after the retest of the upper trend line. We believe that before that the price may fall to the lower boundary of the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
2
Bearish drop off pullback resistance?USD/JPY is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 152.52 Why we like it: There is a pullback resistance level. Stop loss: 154.94 Why we like it: There is a pullback resistance level. Take profit: 150.85 Why we like it: There is a pullback support level that aligns with the 621.8% Fibonacci retracement. 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.
Short
by VantageMarkets