USDJPY: An interesting spotUSDJPY has made its way to a high probable resistant zone where wave a to wave c are equidistant ; the length of wave c is 1.618 that of wave a and at the retracement zone of 0.618 while prices flutter around the trend line.by micchua0
USDJPY SELL STOPUSDJPY is making Higher Highs and Higher Lows, it Is in up trend but now it formed RSI divergence. it will likely to change its up trend into down trend so place the sell stop order below HLShortby Trade_With_Shahbaz4
USDJPY with two probabilities for 10/31/2024This is my idea Nbr 19 after 17 ✅️ USDJPY with a high probability to make the decision for 10/31/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.Shortby Abderrahmane_241
USDJPY LONG SIGNALThe foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit marketLongby GOLDBERG_XF_SIGNAL2
USDJPY Analysis: Potential Bearish Bias for October 30, 2024Find out what’s driving a potential bearish trend for USDJPY today. Explore the latest analysis of USDJPY with insights on central bank policies, risk sentiment, and technical trends that could impact this popular currency pair. --- Introduction Today, October 30, 2024, USDJPY may lean slightly bearish as a confluence of economic and fundamental factors unfolds in favor of the Japanese yen (JPY) over the U.S. dollar (USD). This article analyzes the forces potentially influencing a decline in USDJPY, including central bank actions, the latest market sentiment, and key technical indicators. This analysis is essential for traders seeking insights into the short-term trajectory of USDJPY. Current Market Sentiment and Risk Aversion USDJPY typically reflects shifts in global risk sentiment, with the Japanese yen often viewed as a safe-haven currency. Recent signs of global economic caution have led to a “risk-off” sentiment, benefiting the JPY as investors look to reduce exposure to riskier assets. Additionally, concerns over U.S. economic stability have cast a shadow over the dollar, potentially encouraging a mild bearish tilt in USDJPY. Key Drivers Influencing USDJPY 1. Bank of Japan’s Policy and Yield Curve Control The Bank of Japan (BoJ) has remained consistent with its ultra-loose monetary policy, particularly its yield curve control (YCC) measures. However, with recent statements indicating potential tweaks to long-term interest rates, there is speculation that the BoJ may be open to slight policy adjustments to control inflation. A BoJ with even minor adjustments on the table could create downward pressure on USDJPY as expectations build for a stronger yen. 2. U.S. Federal Reserve’s Monetary Policy Outlook The U.S. Federal Reserve’s approach remains a major influence on USDJPY. As markets anticipate that the Fed might pause or slow down its rate hike trajectory due to signs of slowing growth, this uncertainty around rate increases could dampen USD demand, thereby adding to USDJPY’s potential bearish bias. Any U.S. economic data releases today, such as inflation or consumer confidence indicators, could further impact USDJPY if they reflect economic cooling. 3. Risk Aversion and Safe-Haven Flows Growing risk aversion in the global markets favors the Japanese yen, as it traditionally acts as a safe-haven currency during uncertain times. With geopolitical tensions and financial market uncertainty persisting, demand for the yen could increase, putting downward pressure on USDJPY. Investors often turn to the yen in times of volatility, and today’s market conditions support that trend. 4. Economic Data from Japan and U.S. Economic data out of Japan has shown moderate improvement, suggesting the potential for a slightly stronger yen. Japan’s latest industrial output and consumer spending figures indicate resilience, adding support to the yen. Conversely, any soft U.S. economic data today could reduce USD appeal, enhancing a bearish bias for USDJPY. Technical Overview On the technical side, USDJPY is trading near key resistance levels, and a downward break could signal further declines. With momentum indicators such as the RSI showing overbought conditions, traders might see bearish opportunities if USDJPY breaks below the 20-day moving average. A drop below key support levels could further confirm a short-term bearish outlook for the pair. Conclusion The USDJPY outlook for today points to a slight bearish bias, fueled by risk aversion, potential policy tweaks from the BoJ, and moderate U.S. dollar weakness in the face of Fed uncertainty. While there are several factors at play, traders should monitor any significant data releases that could shift sentiment and impact the USDJPY trend. This analysis is essential for traders focused on USDJPY’s short-term fluctuations amid shifting economic indicators and market sentiment. --- SEO Keywords: USDJPY analysis, USDJPY today, Japanese yen forecast, USDJPY bearish bias, Bank of Japan policy, Federal Reserve outlook, USDJPY risk sentiment, forex trading USDJPY, USDJPY technical analysis, USDJPY trend.Shortby PERFECT_MFG0
Scenario USDJPYThe graph is just for fun, I lightly drew a possible scenario, but we will see how this situation turns out in the end, the price is currently hovering around the price level of 153.340, which corresponds to a little 0.618 from the last wave before the correction, if the price fails to hold, the correction may be considered sufficient and we can concentrate for shorts !Shortby Sony970
USDJPY Buy Summary USD/JPY chart appears to show a channel pattern with both upper and lower trend lines, suggesting the pair is trading within a defined range. The price currently sits near the midline of this channel, indicating a potential opportunity for continuation or reversal. The channel’s upper and lower trend lines provide key resistance and support levels. The price action within this range indicates that traders might expect it to stay within these boundaries unless there’s a significant breakout. There’s a clear resistance level around 153.912, with support at 152.405 and 151.492. These levels might act as decision points, where price could either continue or reverse its direction. Overall, if the price respects the channel’s lower trend line, a bullish entry aiming for the upper trend line could be reasonable. However, keep an eye on the key support and resistance levels, as well as any external events, as they may influence the price movement significantly.Longby Botla2
Trade Recap: EURUSD - SHORT & USDJPY - LONG, 29/10/2024EU Bias Analysis: Although price is deeply discounted on the 1D timeframe, the 4H counter trend persists. Short entries were in line with the 1H bearish range and price pulled back into the 79% OTE area, which confluently overlapped with a 1H bearish OB. Grade: High Quality Valid UJ Bias Analysis: Similarly to EU, price from a 1D perspective was in a premium area but with the 4H counter trend also persisting, the bias remained long and in line with the 1H bullish range. After a pullback into the OTE area following high volume news releases, I waited for a retest of the 1H FVG to seek entry confirmation. Grade: Valid What I did well or could've done better - Persisting in my execution of EU shorts despite being taken out on multiple occasions (both at full loss and with partial profits) - Read through the news "noise" and executed on UJ longs despite the volume which could've been misleading. - Executed on my phone and set the wrong take profit area. Had I not done this recap, I probably would've left money on the table (Given full TP is realised) so I need to be mindful of double checking trade parameters on my laptop if execution takes place on my phone.Long09:30by The_Modern_Day_Trader3
Usdjpy Confirm Sell The US Dollar has resumed its upside trend and is testing mid-term highs at 153.90. The uncertain political and monetary scenario in Japan is hammering the Yen. The broader bias is positive but a bearish divergence warns of a potential correction. Shortby FxJohnson0
UsdJpy Trade UpdateYesterday I posted UJ shorts but then posted an updated comment on the set up. I spoke about UJ being a bullish range so shorts on the pair were out the window. Longs ended up playing out nicely ! If you managed to catch the updated comment than your targets should have been met! Longs are still ideal on the pair if price manages to break above and retest to confirm the bullish run. Longby OfficialJ231
XAUUSD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis. Long05:53by ForexWizard011
USDJPY with two probabilities for 10/29/2024USDJPY with a high probability to make the decision for 10/29/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.Shortby Abderrahmane_242
Fundamental Market Analysis for October 29, 2024 USDJPYThe Dollar-Yen pair is losing ground to the 152.950 level during the early Asian session on Tuesday. The pair is declining as the U.S. dollar (USD) retreats from the nearly three-month high reached in the previous session. However, the pair's decline may be limited amid uncertainty surrounding the composition of the next government and the Bank of Japan's (BoJ) rate hike plan. The loss of Japan's ruling coalition in the elections increases political and monetary policy uncertainty and could put pressure on the Japanese yen (JPY). “The ruling LDP and its coalition partner lost their majority in the lower house of parliament, raising concerns about the shape and direction of the next government's policies. Markets have also slightly reduced expectations of Bank of Japan policy tightening (which has helped local equities),” said Scotiabank chief currency strategist Sean Osborne. The Bank of Japan's interest rate decision will take center stage on Thursday. Nearly 86% of economists polled by Reuters expect Japan's central bank to leave rates unchanged at its October meeting on Thursday. On Tuesday, Japan's Statistics Bureau released data that the country's unemployment rate fell to 2.4% in September, down from the previous reading and the market consensus forecast of 2.5% Trading recommendation: Trade predominantly with Buy orders from the current price level.Longby Fresh-Forexcast20044
USDJPY 4hr LongUSDJPY ✅4hr Long✅ 💰ENTRY: 153.262 💰STOP LOSS: 152.410 ✅TP TARGETS✅ ⏰TP1: 154.105 ⏰TP2: 154.980 ⏰TP3: 155.798 ✅ 1. Daily Time Frame: Price has been breaking bullish and trending above the 10/50/200 EMAs. ✅ 2. 4hr Time Frame: Price has made a valid pullback into the 10 EMA with at least 2 bearish candles. ✅ 3. Price has made a 123 Advanced Engulfing candle above the 50ema. This is a great example of the 123 Advanced Engulfing strategy.Longby angelvalentinx1
Yen slips to 3-month low after Japanese electionThe Japanese yen is lower on Monday. In the European session, USD/JPY is trading at 152.63, up 0.22% at the time of writing. The yen weakened as far as 153.88 but has pared most of the losses. The new trading week has barely begun but the markets are busy digesting the drama out of Tokyo. The snap parliamentary election over the weekend was a disaster for new Prime Minister Shigeru Ishiba, as his Liberal Democratic Party (LPD) coalition won just 215 seats, short of the 233 majority. Ishiba has been in power for only a month and the snap election backfired as the LDP lost its parliamentary majority for the first time since 2009. It’s unclear if Ishiba will be able to cobble together a majority and the political uncertainly could push the yen, which is trading at 3-month lows, even lower. The election bombshell comes just ahead of the Bank of Japan’s on Oct. 31. The BoJ is expected to maintain policy settings and will release updated growth and inflation forecasts. The BoJ has intervened in the past when the yen showed a sharp and quick decline and there is speculation that the central bank might intervene if the yen falls to 155 or 160 per dollar. The US wrapped up the week with mixed results. Durable Goods Orders declined 0.8% in September, unchanged from a revised -0.8% reading in August and above the market estimate of -1%. The UoM Consumer Sentiment index improved slightly to 70.5 in October, above 70.1 in September, beating the market estimate of 69.0. USD/JPY continues to push through resistance lines. The next resistance line is 153.94 152.03 and 151.68 are providing supportby OANDA1
QUESTION 2SUBJECT: INVITATION TO A SUBSTANCE ABUSE SEMINAR The Department of Health will be visiting the college to educate students about substance abuse. This decision was influenced by the rapidly rising number of substance abuse cases and the associated health and socio-economic burdens in South Africa. Remember, substance abuse is a contributing factor to health-related conditions such as death, injuries, violence, HI/AIDS, tuberculosis and chronic diseases like cardiovascular disease, cancer and mental disorders. Being there will helps you learn as much as possible to avoid such a situation and enable you to support a friend who is already in danger. The speaker will address the following questions/topics and distribute pamphlets: 1. What is Addiction 2. The different types of addiction 3. How can you tell when someone is addicted 4. The effects of addiction 5. Organisations you can go to for help 05:18by Thapelo_Mlangeni0
USDJPY | Potential buy opportunity Hey Traders! 👉USDJPY@ 152.75~ BUY 📍 SL - 152.15 💰 TP1 - 152.95 💰 TP2 - 153.35 💰 TP3 - 154.35 Hey Traders! 👋 I believe USDJPY has a good chance to start some bullish pressure, since its overall market direction is heavily bullish, the trade has now had a cycle of exhaustion before a another continuation of bullish pressure, minimum to the 20 moving average I believe, if it breaks it we will see this trade fly higher to re-test the top. ✔️💯Longby FX-TradingLions2
USD/JPY Chart Analysis: Rate Hits Autumn HighUSD/JPY Chart Analysis: Rate Hits Autumn High Today’s USD/JPY chart indicates that the U.S. dollar has strengthened against the yen by over 6.6% since the beginning of the month. Starting this trading week, the rate has surpassed 153 yen per dollar, a level not seen since August 31. This bullish sentiment towards the dollar has been driven by the outcome of Japan’s parliamentary elections over the weekend. According to Reuters, investors believe that the loss of the ruling coalition’s majority in Japan’s parliament reduces the likelihood of a future interest rate hike, contributing to the yen's weakening. On October 10, there was speculation that bears might halt the October rally (marked by the blue channel) and guide the rate back down within a descending channel from its upper boundary (marked in red), with the psychological level of 150 yen per dollar acting as resistance. However, bulls maintained their momentum (which originated from the psychological level of 140 yen) and continued the rally, breaking through this resistance. Per USD/JPY technical analysis, the 150 yen level may now serve as a support line. The RSI indicator currently suggests the formation of a potential bearish divergence, hinting that a slight correction might occur as the market anticipates key upcoming news, which could heavily influence the sustainability of the current USD/JPY rally: → The Bank of Japan’s interest rate decision, expected on Thursday → Key U.S. labor market data releases scheduled for later in the week This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. by FXOpen1111
UJvolatility in the market. a calm before the storm. watching how the week start gaps get filled by fakeouts . no reason to pump. interventions are the scariest part. so be ready. TRADE ON YOUR OWN RISK, NOT A FINANCIAL ADVICEShortby ASFAND_GOLD1
USDJPY BULLISH SENTIMENT CEMENTEDThe USD/JPY exchange rate can be influenced by various factors, including interest rate differentials, economic data releases, and geopolitical events. If the USD/JPY is experiencing upward movement, it might be due to: Interest Rate Expectations: If the U.S. Federal Reserve is expected to raise rates or maintain higher rates compared to Japan's central bank (which often has a more dovish stance), the USD might strengthen against the JPY. Economic Data: Strong economic indicators from the U.S., such as job growth or GDP growth, can boost confidence in the dollar. Geopolitical Factors: Increased uncertainty in global markets can lead investors to favor the USD as a safe haven. Market Sentiment: General risk appetite can also affect the USD/JPY, with stronger demand for the dollar in times of uncertainty. Central Bank Policies: Any shifts in monetary policy from the Bank of Japan, like potential easing or maintaining low interest rates, can weaken the yen.Longby MarshallJay110
USD/JPY 28/10/2024USD/JPY 28 oktober thinking longing letsgooo see what happend today in the marketLong12:43by IemranFX0
Weekly Forecast: A High Volume Week Ahead!Common themes across the board with daily rallies that need to exhaust sooner or later and price approaching (if not already in) weekly EPD levels which overlap with Order Blocks or Fair Value Gaps. With an abundance of opportunity in the market, be careful not to marry your bias by maintaining a neutral perspective on all pairs. My Bias for the week is as follows: DXY - LONG EURUSD - SHORT AUDUSD - SHORT GBPJPY - LONG USDJPY - LONG Long16:09by The_Modern_Day_Trader0