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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

Its still bullish I will be interested in longs if ...price drops below the PWL as it's US elections week Im very cautious this is not a final prediction but rather an option. Remember: If then.... If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
by Dave-Hunter
2
I think bulls are back and vote wisely #155-156 In the coming WKAs the election draws near, we have been experiencing a lot of spike and market manipulation which makes it a double edge sword thing trading the market right now, who ever win at the US. Election will impact the market both negatively and positively; and let not forget the comment of BOJ about keeping the rate steady at 0.25% for the time being, looking forward to US. Election but market still speculate that BOJ may increase rate by 5% but all this is just buhahahaha to some but from my bais observation USDJPY has hit/make 151.7(once an impulse zone 'Daily timeframe') as it strong low or should I say new support I see further bullish momentum to the upside in the coming weeks. I am nobody just an observer but will like to hear what you think at the comment session... if positive ZONES- 155-158 If negative ZONES- 150-147 LET watch and see what happens...
Long
by harryburnawills
Market Analysis 11/1/24Hello everyone, welcome back to our daily market analysis. Today, we examined our fundamental data from yesterday and today. While reviewing, please bear in mind that today marks the commencement of the month. Consequently, we anticipate the emergence of concerning news for several currencies. However, we will primarily focus on the United States Dollar (USD). The USD’s NFP data warrants our attention due to its potential to induce volatility. As traders, it is imperative to consider these factors: the month’s inception and the possibility of a drop in NFP information, which could further amplify volatility. Today’s fundamental data indicates a favorable position for CHF, EUR, and JPY, while AUD, CAD, GBP, NZD, and USD exhibit a weaker trend.
by milesjohnson778
THOUGHTS ON USD/JPYUSD/JPY 4H - With this market I am expecting some bearish structure as I want price to put in a deeper correction to the downside before taking us higher in the market. Before price does that I am expecting an initial correction to the upside fractally in order for price to grab more Supply allowing price to continue lower performing this deeper correction. Once price trades us higher up and into the Supply Zone above I will be waiting for relevant pieces of confirmation in order to enter short in this market, I will ride price down and into the Demand zone below. Once price trades us down and into the Demand zone I will look to close my short positions and I will prepare to go long in this market with it being a predominately bullish market on the higher timeframe structure, this giving us a clear longer term bias.
Short
by Lukegforex
USDJPY Daily Analysis: A Slight Bearish Bias Expected!!Introduction Today’s analysis of the USDJPY pair suggests a potential for slight bearish movement. Key fundamental factors, including recent US and Japanese economic data and central bank positions, seem to favor a downside bias. Let’s examine these drivers in detail to provide a comprehensive view for traders and investors monitoring the USDJPY. 1. Federal Reserve’s Dovish Tone The US Federal Reserve’s latest communication indicates a cautious approach, with market participants widely expecting the Fed to maintain its current interest rate. This dovish tone, coupled with moderating US economic data, could weaken the US Dollar. If the Fed holds rates or hints at potential rate cuts in 2024, this could weigh on the USD, providing room for JPY strength against the Dollar. Consequently, the market’s perception of a less aggressive Fed policy may contribute to the USDJPY pair’s bearish bias today. 2. Bank of Japan’s Evolving Stance The Bank of Japan (BoJ) has recently shown signs of potentially moving away from its ultra-loose policy stance. Governor Kazuo Ueda’s comments have signaled a potential shift in monetary policy, raising speculation around adjustments in yield control measures. Any further tightening of Japanese yields or gradual normalization signals may strengthen the JPY as Japanese bond yields rise, attracting capital inflows. This shift, however gradual, could support a stronger JPY, thereby pressuring USDJPY downward. 3. Japanese Economic Resilience Japan’s economy has recently demonstrated steady resilience, with improved inflation data aligning closer to the BoJ’s targets. Stronger-than-expected inflation readings and positive manufacturing activity lend support to the JPY. The BoJ’s confidence in these indicators may reinforce market sentiment that Japan is on a steady path to growth. Consequently, with USD expected to remain relatively soft, this positions the JPY more favorably in the USDJPY pair, reinforcing today’s bearish outlook. 4. Risk Sentiment and Safe-Haven Flows In today’s mixed risk sentiment environment, safe-haven assets like the JPY often become more attractive. Investors may favor the JPY in times of global economic uncertainty or as geopolitical events unfold. As the US Dollar is pressured by softer economic indicators, the JPY’s safe-haven appeal may drive demand, contributing to USDJPY’s bearish tendency today. Conclusion In conclusion, the USDJPY pair shows potential for a slight bearish bias today due to the Fed’s cautious stance, the BoJ’s gradual policy evolution, resilient Japanese economic data, and safe-haven flows favoring the JPY. Traders may find it beneficial to watch these fundamental factors closely, as they provide critical insights into USDJPY’s likely direction. Keywords: #USDJPYanalysis, #USDollar, #JapaneseYen, #USDJPYbearishbias, #ForextradingNovember12024, #FederalReservepolicy, #Bankof Japanstance, #JPYstrength, #Safehavencurrency, #Forextechnicalanalysis, #Japaneseinflationdata, #Forextradinginsights.
Short
by PERFECT_MFG
USDJPY - Yen will continue to strengthen?!The USDJPY currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its medium-term bullish channel. In case of correction due to the release of today's economic data, we can see the demand zone and buy in those two zones with the appropriate risk reward. Yesterday, the Bank of Japan kept its interest rate unchanged at 0.25%, as expected. The Japanese government maintained its overall economic assessment for October, continuing to believe that the economy is recovering at a moderate pace. However, it downgraded its outlook on production, indicating that output might be facing challenges and may struggle to grow significantly. Meanwhile, Japan’s Economy Minister, Akazawa, stated that currency movements are being closely monitored, and proposed policies from other parties will be reviewed. He also noted that a weaker yen could lead to a decrease in income and private consumption, particularly if wage growth is insufficient. According to a recent Reuters survey of economists, 103 out of 111 economists expect the Federal Reserve to cut interest rates by 0.25% in November and December of this year, bringing the rate to a range of 4.25% to 4.5%. Additionally, 74 out of 96 surveyed economists predict that the Federal Reserve’s interest rate will drop to 3% to 3.25% or higher by the end of 2025. A recent report from CIBC suggests that a 3% growth in U.S. GDP is unlikely to overheat the economy. CIBC believes that the U.S. economy can sustain growth at this rate while continuing its rate-cutting cycle. The report shows that U.S. economic growth has reached 2.8%, slightly below analysts’ 3% expectation. Nonetheless, the details reflect a robust economic performance, with domestic consumption offsetting the negative effects of net trade. CIBC analysts argue that 3% growth should be seen as a new measure of economic capacity rather than a sign of overheating. They point to improvements in productivity and cooling labor markets and inflation, asserting that
Long
by Ali_PSND
USDJPY / OVERALL UNDER DOWNWARD PRESSURE / 4HUSD JPY 4H TIME FRAME HELLO TRADERS Supply Zone (154.685 - 154.975), This range is seen as a resistance level where the price might struggle to break above, as sellers are likely to dominate. If the price stabilizes in this zone, it suggests that a reversal could occur, potentially leading to a decline. Potential Decline to Demand Zone (150.331 - 149.075) , If the price reverses from the supply zone, the expectation is that it could drop to the demand zone, where buying pressure is higher, and the price might find support. Downtrend Confirmation , For a confirmed downtrend, prices would need to break below the demand zone, signaling strong selling pressure and possibly more declines. Uptrend Confirmation (157.135 - 157.873) , Conversely, if prices can break above the supply zone, it would signal a potential uptrend. The target in this case would be the next resistance zone, around 157.135 to 157.873.
Short
by ArinaKarayi