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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

USDJPY H1 | Bullish BounceBased on the H1 chart analysis, we can see that the price is falling to our buy entry at 148.64, which is a pullback support that aligns with 50% Fibo retracement. Our take profit will be at 149.44, an overlap resistance. The stop loss will be placed at 147.91, which is a pullback support level aligns with 78.6% Fibo retracement,. 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. 62% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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
2
Bearish reversal?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 149.51 Why we like it: There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement. Stop loss: 150.33 Why we like it: There is a resistance level at the 127.2% Fibonacci extension. Take profit: 148.42 Why we like it: There is a pullback support level that is slightly above the 61.8% 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
USDJPY InsightHello, subscribers! Great to see you all. Please feel free to share your personal opinions in the comments. Don’t forget to hit the like and subscribe buttons! Last week, concerns about inflation due to the U.S. September Consumer Price Index (CPI) eased as the September Producer Price Index (PPI) came out, strengthening expectations for a rate cut within the year. Fedwatch now reflects over a 90% chance of a 25bp rate cut in the November FOMC meeting. Meanwhile, Japan has yet to provide any clear hints about a rate hike. Recently, Bank of Japan’s Deputy Governor Himino stated that future data must be carefully evaluated. The market interprets this as a delay in Japan's rate hike, expecting it to happen either in December this year or in January next year. In Europe, due to the recent poor performance of the Eurozone's Manufacturing PMI and inflation falling below target, the ECB is expected to cut rates by 25bp in its October monetary policy meeting. + October 16: UK September CPI + October 17: Eurozone September CPI, ECB rate decision, U.S. September retail sales USDJPY surged to the 150 level, but is experiencing a pullback due to resistance in the 149-152 range. If the pullback continues in this range, we expect it to drop to the 140 level and form a box range. However, if there’s a short-term pullback and it rises to 152, resistance is expected at that level, leading to a fall back to the 145 level. If variables cause a breakout above 152, we could see additional upward movement to 154. If the market moves contrary to expectations, we will quickly adjust our strategy.
Short
by shawntime_academy
Traders could veer towards the yen with risk events loomingIt is no coincidence that VIX futures have been creeping higher in recent weeks despite Wall Street hitting record highs, as traders are presumably hedging downside risk as we approach the US election. And that means it may not take much to spook traders out of bullish bets with markets at frothy levels, and that could see the yen strengthen as a safety play. Matt Simpson takes a technical look at yen pairs of interest.
Editors' picks
Short
by CityIndex
5
#USDJPY 1HUSDJPY 1H Chart Analysis – Rising Wedge Pattern** On the 1-hour chart for USDJPY, a **Rising Wedge pattern** has emerged, signaling a potential bearish reversal. A rising wedge typically forms during an uptrend, with the price trading between two upward-sloping, converging trendlines. This pattern suggests that upward momentum is weakening, and a reversal to the downside may be on the horizon. #Forecast: -Sell once the price breaks below the lower trendline of the wedge. A confirmed breakdown indicates bearish momentum, suggesting that the market could move lower after this reversal pattern plays out. Traders should wait for a confirmed breakdown below the wedge's lower boundary, ideally with strong volume, to avoid false breakouts. Consider setting stop losses above the upper trendline and using key support levels as potential targets.
Short
by PIPSFIGHTER
2
JPY OutlooksFundametnal Analysis: OANDA:USDJPY pair is currently positioned for potential strength in the U.S. dollar, driven by contrasting economic fundamentals between Japan and the U.S. Japan's GDP growth rate is modest at 0.7%, with an annual contraction of -0.2%, signaling economic weakness, while inflation remains moderate at 2.8%. The Bank of Japan's ultra-low interest rate of 0.25% further weakens the yen as it contrasts sharply with the U.S. Federal Reserve's higher rates (5.25%), making USD assets more attractive. Japan's manufacturing sector is showing signs of contraction with a PMI of 49.8, while services remain in expansion at 53.7. The trade deficit and low consumer confidence in Japan, combined with relatively stronger U.S. growth, indicate that USD/JPY is likely to remain bullish, with the yen under continued pressure unless there is a major policy shift by the Bank of Japan. Tip: The USD/JPY pair is likely to remain bullish as the U.S. Federal Reserve holds rates at 5.25% while the BOJ maintains its ultra-low 0.25% rate, favoring the dollar. The interest rate differential and Japan's loose monetary policy continue to put downward pressure on the yen, supporting USD strength. (USD/JPY may go bullish again very soon) Technical Analysis: OANDA:USDJPY chart shows a potential bullish reversal forming at the pivot level of 140.822. If the price holds above this support, the pair could rally toward the targets of 148.604 and 151.144. A break below 138.882 could invalidate this bullish outlook. The current structure suggests a likely upward move in the near term. Overral view
Long
by rTrader_official
1
UsdJpy Trade IdeaLast set up I'm looking at this morning is going to be UJ. I published a set up yesterday but I wanted to give an update with price being at a different place. We can see clean bullish structures with HLs being respected. I'll take longs once price breaks and retests 150. That is currently the last higher higher. Once and IF that happens I'll execute longs and have targets around the weekly resistance for a 1:3rr. Now if price does decide to respect the resistance it's currently sitting at again then I'll take shorts on the break and retest of the LAST HL on the 4hr time frame being 148.226. I have the HL marked as 'Sells if price goes below'. Be Patient here.
by OfficialJ23
1
USD/JPY Remains Strong as JPY Struggles for Upside The USD/JPY pair continued its upward trend on Tuesday, maintaining strength despite limited upside potential for the Japanese Yen (JPY). The JPY's inability to gain ground is largely attributed to ongoing uncertainty surrounding the Bank of Japan’s (BoJ) rate-hike plans. Coupled with a generally positive risk tone in the markets, this has kept the JPY, traditionally seen as a safe-haven currency, from making any meaningful gains. US Data and Market Outlook Tuesday’s economic calendar for the US is relatively quiet, with no major data releases expected. However, the spotlight will turn to Thursday’s key economic reports, which include the USD Core Retail Sales (m/m), Retail Sales (m/m), and Unemployment Claims. These reports are expected to inject more volatility into the market and could influence the trajectory of the US Dollar and other major currency pairs, including USD/JPY. Given the strength of the USD near its two-month peak, the upcoming data could further support the dollar, limiting any potential upside for the lower-yielding JPY. The US Dollar's resilience continues to exert pressure on the JPY, keeping the pair on a bullish path. Technical Outlook: USD/JPY Targeting 152.000 From a technical perspective, the USD/JPY pair appears poised to extend its rally, with a potential target around the 152.000 level. This area could be reached following the release of the key US economic reports on Thursday, which may provide the necessary momentum for further gains. The technical outlook is supported by the broader strength of the USD and the lack of strong upside drivers for the JPY. The chart of JPY futures also reflects the challenging environment for the Yen, signaling continued weakness. Chart Overview: JPY Futures Chart As shown in the chart, the JPY remains under pressure in the futures market, further confirming our outlook for continued USD/JPY strength. Strategy: Patience is Key After successfully closing our previous USD/JPY trade in profit, we are now waiting for a more favorable area to enter a new position. With key economic data on the horizon, patience remains essential as we await clearer signals from the market. In conclusion, the USD/JPY pair is likely to maintain its bullish trend in the near term, with a potential target of 152.000. The combination of US Dollar strength and uncertainty surrounding the BoJ’s rate policy should keep the Yen on the defensive, at least until there are clearer indications of future central bank actions. For now, we remain on the sidelines, waiting for the next opportunity to re-enter the market. PREVIOUS CLOSED POSITION: ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
1
USDJPY Will Go Higher From Support! Long! Please, check our technical outlook for USDJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 149.346. Taking into consideration the structure & trend analysis, I believe that the market will reach 150.396 level soon. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1