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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

Usd/Jpy - Retracement within the bigger picture.Usd/Jpy - 2H Chart. Price have been bearish since we saw a false break on the 10th of January this year. Price as of writing this is down -1.85% and the orderflow so far has been dominated with selling pressure. Price have also had 6 touches to the upper trendline and i think a move down to the projected lower channel trendline could occur. That is the target for this idea. The parallel projection is a cloned trendline placed on the lowest low in the range of this pattern. Idea is to sell a retracement if i can materialise, limitorder is set for the 61.8% of the recent leg. I will cancel order if we print a new low without a fill.
Short
by Norsefx
USDJPY Awaits FOMC Decision Before Potential CrashUSDJPY Awaits FOMC Decision Before Potential Crash According to our analysis, USDJPY reached our first target on 27th January 2025. The recent bearish wave was primarily driven by the Bank of Japan's (BOJ) decision to increase rates by 25 basis points, a move highly anticipated by the market, resulting in the highest rate in 8 years. However, the market hesitated to move further down due to the proximity of both the BOJ and FOMC meetings, with traders also awaiting the FOMC decision. I don't expect anything interesting from the FOMC today, so the chances are that USDJPY may start a bearish trend soon. Support zones remain the same: 153.75, 151.65, and 149.75. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
1
USDJPY: A Rate Hike from BOJ May Initiate Another Bearish TrendUSDJPY: A Rate Hike from BOJ May Initiate Another Bearish Trend In late December, the BOJ reported CPI data showing a larger-than-expected increase. CPI inflation rose to 3.0% y/y in December from 2.6%, prompting the BOJ to hint at a possible rate hike at its January meeting. During the New Year's opening in January, the Japanese yen gained fresh buyers in reaction to BoJ Governor Ueda’s comments. With rising inflationary pressure in Japan, the BOJ is keeping the door open for another rate hike at its January meeting. Most BOJ policymakers indicated they are likely to approve a rate hike next week on Friday, January 24. The BOJ "leaks" have now come to light, and Nikkei is reporting that while some policymakers remain cautious about a rate hike, the majority are still likely to approve one at next week's policy meeting. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
6
Yen Slips to 155.6 as Markets Await Fed Policy DecisionThe yen trades around 155.6 per dollar, slipping after Tuesday’s loss as investors await the Fed’s policy decision. The central bank is expected to hold rates steady despite Trump’s calls for immediate cuts. Trump’s escalating tariff threats added pressure, while safe-haven demand linked to a low-cost Chinese AI model faded. BOJ minutes showed a cautious stance on policy adjustments, though January’s rate hike and inflation forecast revisions signal potential further increases. The key resistance level appears to be 158.60, with a break above it potentially targeting 160.00 and 161.00. On the downside, 154.90 is the first major support, followed by 153.80 and 151.90 if the price moves lower.
by zForexcom
“USD/JPY 4H-30M Precision Trade Setup: Reversal in Premium Zone”This trade Concept, focuses on the USD/JPY pair, using a top-down analysis to identify a reversal opportunity from a higher timeframe premium zone down to a key discount area. 4H Analysis On the 4H timeframe, the market has been in a bullish rally, but it reached a critical supply zone marked near 158.200. This zone occur simultaneously with an inducement (IDM), where liquidity was likely trapped as buyers entered early into the trend. • Bearish Clues: The price structure has shifted from higher highs (HH) to lower lows (LL), signaling a weakening bullish trend and a potential reversal. 30M Analysis Dropping to the 30M chart, the price maintains a bearish structure, respecting the key IDM zone. Inducements and liquidity traps are evident, supporting the intention of a price rejection and continuation downward. The entry was refined within the 156.500 area for precision. Trade Parameters • Entry: 156.500 • Profit Target (TP): 153.725 • Stop Loss (SL): 156.700 (above the supply zone to account for volatility) Expectations: I anticipate price to continue breaking lower, targeting liquidity at previous swing lows (154.000) before heading to the higher timeframe demand zone around 152.300. The bearish momentum aligns with the overall 4H and 30M structures, making this a high-probability trade. Let me know your thoughts on this setup or if you have questions about the analysis. Bless trading!
Short
by Juicemannn
USD/JPY: Will the Fed or BoJ Dominate the Tug of War?The USD/JPY exchange rate has shown both resilience and vulnerability in recent trading sessions, shaped by competing factors from monetary policy shifts to global economic developments. On the positive side, the U.S. dollar remains underpinned by Federal Reserve rate decisions, with market expectations of steady rates in the near term supporting its strength. Tariff threats from the U.S. administration further bolster the dollar’s safe-haven appeal, particularly as external economic pressures persist. Additionally, the pair has demonstrated an ability to recover from lower levels, such as rebounding to 155.50 during Tuesday's Asian trading, aided by softer Japanese service-sector inflation data. However, the Japanese yen has also gained momentum due to the Bank of Japan’s recent 25 basis point rate hike, which reflects a confident stance on inflation and wage growth trends. This decision has increased the yen’s attractiveness as a safe-haven asset, exacerbating pressure on the USD/JPY pair, particularly as global uncertainties and shifts in risk sentiment encourage investors to diversify into safe havens like the yen and the Swiss franc. Market sentiment surrounding U.S. economic vulnerabilities, including concerns over tariffs and a potential dovish shift by the Federal Reserve, has further weighed on the dollar. Traders are now pricing in a 50 basis point rate cut by the Fed later this year, a factor that could erode the dollar’s appeal if realized. Overall, while USD/JPY has displayed moments of strength, the competing influences of U.S. dollar dynamics, Japanese yen strength, and global market sentiment create a volatile environment where traders must remain vigilant of economic data and central bank decisions.
Long
by Forex48_TradingAcademy
1
USDJPY Massive Long! BUY! My dear subscribers, USDJPY looks like it will make a good move, and here are the details: The market is trading on 154.29 pivot level. Bias - Bullish My Stop Loss - 153.64 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 155.59 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
USD/JPY: Long Position Targeting 5th Wave Move to 156.55 Overview: Elliott Wave Perspective The USD/JPY pair is presenting an exciting long setup based on Elliott Wave principles. After finding support at 153.72, the pair has been consolidating within a well-structured 5-wave impulsive framework. Currently, the price action indicates we are in the midst of a 5th wave move, which could potentially drive the pair to a target at 156.55. What makes this setup particularly compelling is the alternation between corrective waves: Wave 2 unfolded as a Zigzag, while Wave 4 is forming an Expanded Flat. This alternation strengthens the probability of the Elliott Wave structure playing out as expected. Here's a detailed breakdown of the analysis: Wave Analysis Breakdown 1. Wave 1 Start: 153.72 End: 154.72 Wave 1 was a leading diagonal, establishing the base for the ongoing 5-wave structure. The clean price action during this wave confirmed bullish momentum entering the market. 2. Wave 2 (Zigzag Correction) Start: 154.73 End: 154.50 Wave 2 corrected a textbook Zigzag pattern (A-B-C), retracing approximately 61.8% of Wave 1, which is typical for a corrective wave of this nature. This wave also respected Fibonacci retracement levels, providing strong support at 153.72, coinciding with a prior key level. 3. Wave 3 Start: 154.50 End: 155.94 Wave 3 unfolded as a strong impulsive wave, which aligns with Fibonacci projection guidelines. This wave demonstrated clear bullish continuation, further confirming the impulsive nature of the structure. 4. Wave 4 (Expanded Flat) Start: 156.00 A leg: Decline to 155.985 B leg: Spike back to 156.30 C leg: Decline to 155.20 (potential low) Wave 4 is currently developing as an Expanded Flat, characterized by the B wave overshooting the high of Wave 3 before the C wave retraced below the end of Wave A. This expanded flat pattern introduces the element of alternation when compared to the simpler Zigzag seen in Wave 2. 5. Wave 5 (Projected Target: 156.55) Start: ~155.20 Wave 5 is expected to rally toward a Fibonacci extension target of 156.55, based on the following confluences: 61.8% Fibonacci extension of Wave 1-3 projected from Wave 4. Strong psychological resistance at 156.50-156.60, where prior resistance aligns with our technical target. Momentum indicators suggest bullish continuation, with RSI bouncing from oversold levels and MACD beginning to cross bullishly on the 4-hour chart. Key Supporting Factors Alternation Principle The corrective structures of Waves 2 and 4 follow the alternation guideline: Wave 2 = Zigzag (sharp, simple correction). Wave 4 = Expanded Flat (complex correction with deeper retracement). Fibonacci Confluence Wave 4 found support at the 50% retracement of Wave 3, near 155.20, strengthening the case for a bullish continuation. Wave 5 projection aligns with the 61.8% extension level. Market Sentiment The broader USD/JPY trend remains bullish, supported by strong USD demand amid rising Treasury yields. Any dips during Wave 4 consolidation have been met with buying interest, signaling bullish conviction. Trade Plan: Long Position on USD/JPY Entry Consider entering long near the 155.20- 155.50 zone, which aligns with Wave 4 support levels and the lower boundary of the expanded flat. Stop Loss Place a stop loss below 155.05, just beneath the Wave 4 low. This ensures protection against invalidation of the bullish Elliott Wave structure. Target Primary Target: 156.55 (Wave 5 projection). Secondary Target (if bullish extension occurs): 157.00. Alternate Scenario: Bearish Breakdown If the 154.72 level is breached, this would invalidate the current Elliott Wave count. , However, as long as the pair holds above 154.70, the bullish outlook remains intact. Conclusion The USD/JPY pair presents a high-probability long setup, driven by a clear Elliott Wave structure. With Wave 4 completing as an Expanded Flat and strong Fibonacci confluences supporting a bullish Wave 5 move, a rally to 156.55 appears likely. Traders should remain vigilant, using proper risk management while monitoring price action near critical levels.
Long
by TheSignalService
USD/JPY Hits Target Again! Massive 500 Pips Move! What's Next?By analyzing the USD/JPY daily chart, we observe that the price has dropped precisely from the 156.75 zone, as anticipated in our analysis, and has hit the 154 target! The key demand zone is between 153 and 154.3, while the significant supply zones are 155.40, 157 to 158.2, and 158.8, respectively. The total return from this analysis has exceeded 500 pips so far! With your support, this analysis will be updated soon! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban The Latest Analysis : |
Short
by ArmanShabanTrading
10
USD/JPY We have reached a strong oversold areaHi guys we are going to take a look into the USD/JPY Currently we can see that the price had a very sharp decline, which one of the main causes was the BoJ (Bank of Japan) implementing a 0.25% interest rate increase , making the interest rates from 0.25% to 0.50%. Currently Japan is indicating to continue increasing the interest rates so they can bring stability to their economy, and more specifically the Japanese Yen. Now on the other side of the spectrum we saw that we would have a limited amount of interest rate hikes in the U.S. for the yaer of 2025 , but a bold statement coming from President Donald Trump, indicates that we can see more interest rates than analysts predicting. This trade we are looking in is more short-mid term. Entry: 153.900 Target 1: 154.650 Target 2: 155.200 Target 3: 155.900 SL: 153.050 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Long
by DG55Capital