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USD/JPY Sell Trade – Targeting 156.42902Pair: USD/JPY 🇺🇸💴 Direction: Short 🔽 Target: 156.42902 🎯 Time Horizon: By Thursday, Jan 23, 07:00 UTC (approx. 9.5 hours) ⏳ USD/JPY has shown recent upward movement but may face resistance, indicating a potential pullback toward the 156.42902 level. Market behavior suggests this move could occur within the next 9.5 hours, aligning with observed price patterns. Keeping an eye on key economic developments that may influence market sentiment and price action. 🔍
Short
by GlobalHorns
4
Bank of Japan expected to raise rates, yen calmThe Japanese yen is slightly lower on Thursday. In the European session, USD/JPY is trading at 156.25, down 0.16% on the day. All eyes are on the Bank of Japan, which meets early on Friday. The BoJ is expected to raise interest rates by 25 basis points which would bring the cash rate to 0.50%. The BoJ has said that it will raise rates if it sees higher wage growth, which would indicate that inflation is sustainable. BoJ policymakers have expressed confidence that wages are moving higher and Deputy Governor Himino said last week that many firms plan to raise wages at least as much as last year. Investors will be keeping a close eye on the BoJ's rate statement. The tone of the statement could be dovish as BoJ policymakers are concerned about President Donald Trump's threats to levy trade tariffs as early as Feb. 1, a move which could destabilize the financial markets. The BoJ will have to be cautious as it gauges the 'Trump factor". Another factor supporting a rate hike is the poor performance of the Japanese yen, which has declined around 9% in the past three months. The Federal Reserve is sounding more hawkish and might raise rates only once or twice this year. If the BoJ stays on the sidelines again, the yen could fall further. Overshadowed by the BoJ meeting, Japan releases December core CPI. Japan's core inflation rate has been climbing higher and is expected to climb to 3% y/y, up from 2.7% in November which was a three-month high. The core rate, which is closely watched by the BOJ, has hovered above the central bank's target of 2% for over two years. USD/JPY is testing support at 156.20. Below, there is support at 155.68 157.04 and 157.56 are the next resistance lines
by OANDA
Japanese inflation and BoJ rate decision coming upLet's have a look what may happen with MARKETSCOM:JAPAN225 and FX_IDC:USDJPY after we get the Japanese data on Friday. We will be monitoring the data carefully, especially the rate decision, as it will be the first hike since July of last year. 74.2% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
USD/JPYThe "cup and handle" is a chart pattern often observed in technical analysis, typically used by traders to identify potential bullish setups in a stock, cryptocurrency, or other financial instruments. Here's a quick overview of how it works: Shape and Formation Cup: The chart shows a rounded "U" shape that resembles a teacup. This indicates a period of consolidation after a price decline, followed by a gradual recovery to the previous high. Handle: After the cup forms, a small downward or sideways movement occurs, resembling a handle. This is often seen as a minor pullback or consolidation before a potential breakout.
Long
by B9A-88652-NisarAhmad
Bullish breakout?USD/JPY has reacted off the pivot which acts as an overlap resistance and could rise to the 1st resistance which has been identified as a pullback resistance. Pivot: 156.19 1st Support: 154.76 1st Resistance: 158.16 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Fundamental Market Analysis for January 23, 2025 USDJPYThe Japanese yen (JPY) rose during the Asian session on Thursday following the release of better-than-expected Japanese trade balance data, although it remains close to a one-week low against its US counterpart from the previous day.The Bank of Japan (BoJ) is expected to raise interest rates imminently, a prospect which continues to support the yen. Additionally, the Federal Reserve's (Fed) anticipated interest rate cuts this year are a factor in the subdued US Dollar (USD) price action, which is limiting the USD/JPY pair's recovery from a more than one-month low reached on Tuesday. Nevertheless, JPY bulls seem reluctant to take a risk and prefer to adopt a wait-and-see approach ahead of the crucial two-day Bank of Japan meeting that starts this Thursday. Concerns over US President Donald Trump's tariff plans and risk-on sentiment may also deter further yen appreciation, but the diverging policy expectations of the BoJ and Fed require some caution before confirming that the USD/JPY pair has formed a short-term bottom.Traders now await Trump's speech at the World Economic Forum to build momentum ahead of the expected BoJ decision on Friday. Trade recommendation: Watching the level of 156.500, trading mainly with Buy orders
Long
by Fresh-Forexcast2004
USDJPY BUY Trade Plan - High Probability Setups📈 🔵 Buy Plan (Continuation Trade) - High Confidence (80%) 🎯 Entry 1 (Breakout Confirmation): Above 156.60 (aggressive) 🎯 Entry 2 (Pullback Buy): 156.00 - 155.50 retest (safe/conservative) 📌 Stop-Loss: 155.30 (Below last OB, safe zone) 📌 Take-Profit Targets: TP1: 157.00 (liquidity grab area) TP2: 157.80 - 158.00 (final target, resistance zone) 📌 R:R: Minimum 1:3, up to 1:5 if TP2 hits 🔹 Confirmations Required: ✅ Liquidity grab at 155.50 demand zone ✅ Bullish engulfing / momentum candle on H1/H4 ✅ Break & Retest of 156.60 📉 🔴 ALTERNATE Sell Plan (Reversal Setup) - Medium Confidence (65%) 🎯 Entry: Below 155.50 break & retest 📌 Stop-Loss: 156.20 (Above last lower high) 📌 Take-Profit Targets: TP1: 154.80 (minor liquidity level) TP2: 154.00 (main demand zone, strong support) 📌 R:R: 1:3 minimum 🔹 Confirmations Required: ✅ Bearish engulfing rejection from 156.80 - 157.00 ✅ Break of 155.50 with strong bearish momentum 4️⃣ Final Thoughts (What I Would Do Personally) 📌 Primary Focus: BUY Trade is the best play, targeting 157.00 & 157.80+ 📌 Why? Bullish structure intact Demand zone at 155.50 - 156.00 aligns with liquidity & order blocks Strong bullish push shows smart money interest 🚀 Plan: I will look for a pullback into 156.00 - 155.50 for a safe buy entry, OR take a breakout buy above 156.60 with strong momentum confirmation. ✅ Confidence: 80% for buy, 65% for sell 🔥 Execute like a sniper, not a machine gun! Confirm levels, check order flow, and let the market come to you.
Long
by jibkhan111
2
Classic Tuesday #5**Trading Journal Entry** **Market Session:** London Session **Trade Analysis:** - **Setup:** Missed recognizing the 15-minute Order Block (OB) immediately. - **Market Behavior:** The market nearly completed the 5 Average Daily Range (ADR). - **Action Taken:** Decided not to revisit the trade, even though it would have filled and captured significant pips. **Reflection:** I prioritized discipline over impulsiveness by adhering to my trading rules. While I didn’t capitalize on this trade, my analysis was incredibly precise, especially regarding Tuesday’s price action. I feel a growing confidence in my ability to understand market behavior, particularly within the London session. **Emotions:** Despite being right in my market analysis, I’m reminded that trading isn’t solely about being right; it’s about following a plan. My accurate read of Tuesday’s price action highlights that I’m truly starting to understand how price moves. This fuels my belief that I’m ready to take my understanding of the London session even further. **Lessons Learned:** 1. Spotting key levels like 15-minute OBs earlier can improve my entries. 2. Maintaining discipline is more valuable than chasing potential profits. 3. The market often rewards preparation and consistency over impulsiveness. **Action Plan:** 1. Study 15-minute OB setups and their significance in the London session. 2. Review past trades to identify patterns and improve recognition speed. 3. Continue building a disciplined trading mindset to ensure longevity and success. **Next Steps:** - Spend time analyzing previous London session movements. - Focus on identifying high-probability setups based on my rules. - Keep journaling each trade to track progress and growth.
Short
by Bufalodorato
USD/JPY climbs, markets eye TrumpThe Japanese yen is in negative territory on Wednesday. In the North American session, USD/JPY is trading at 156.53, up 0.68% on the day. There are no key releases in the US today. On Thursday, the US releases unemployment claims and President Trump will address the World Economic Forum. Trump has vowed to levy tariffs on US trading partners, including China and the European Union. The financial markets are taking his threats seriously, and on Monday, his first day in office as President, Trump announced that he was delaying applying tariffs until Feb. 1. That announcement was a relief for the market and the US dollar fell sharply against many of the majors, although the yen failed to gain ground. Will Trump's comments at the World Economic Forum shake up the financial markets? Investors are keeping a close eye on the Bank of Japan rate decision and December Core CPI on Friday. The central bank has hinted at a rate hike at the rate meeting and is widely expected to raise rates to 0.50%, which would be the highest level since the 2008 global financial crisis. After decades of deflation and an ultra-loose monetary policy, inflation has taken root and the BoJ is slowly moving towards normalization. The BoJ's tightening cycle makes it an outlier among the major central banks, most of which are easing rates in response to lower inflation. Japan's core inflation rate has been steadily rising and is expected to climb to 3% y/y in December 2024, up from 2.7% in November which was a three-month high. The core rate, which is a key gauge of inflation trends, has remained above the BoJ target of 2% for over two years and is a key reason why the BoJ is tightening policy. USD/JPY has pushed above resistance at 155.51 and 156.24. Above, there is resistance at 156.97 154.78 and 154.05 are the next support levels
by OANDA
USDJPY 100PIP MOVE TO THE HIGH1. Current Market Conditions & Entry Setup: Recent Price Action: Look for confirmation that USDJPY is in a bullish phase. If the pair has recently broken through resistance or is trending higher, a 100-pip move upwards is more likely. Support and Resistance Levels: Identify a key support level or price consolidation zone to enter the trade. For instance, if USDJPY is currently around 131.50, check if there’s a recent support level around 131.00 that could hold. Trend Confirmation: Ensure that the price is consistently making higher highs and higher lows (bullish trend). This suggests continued upward movement, increasing the probability of a 100-pip move. 2. Technical Indicators: RSI: Look for the RSI to be around 50-60, signaling room for upward movement without being overbought (i.e., avoiding an RSI reading above 70). Moving Averages: The pair should be above key moving averages (e.g., 50-period or 200-period moving averages) to confirm the bullish sentiment. MACD: A bullish crossover in the MACD can help confirm a potential upward move, especially if the MACD line is moving above the signal line.
Long
by LORDOFTHETRADERS
2
Bank of Japan Poised to Raise Rates to Highest in 17 Years!MARKET ALERT 🚨 The Bank of Japan (BOJ) is poised to raise its short-term interest rates from 0.25% to 0.5% at its upcoming meeting from January 23-24, marking the first rate hike since July 2024. This move, if confirmed, would lift Japan's borrowing costs to their highest level since the 2008 global financial crisis. USD/JPY Technical Analysis The USD/JPY pair is currently testing an important support level near 154.80, with a clear trendline from earlier December still holding. The recent price action shows a potential bounce, indicated by the green circle on the chart. Additionally, the RSI shows a neutral zone, which suggests a potential for a continuation or consolidation. As long as the 55-day EMA holds, the index could surge past 161.00 in the coming days BANK OF JAPAN's Decision: The BOJ's decision is driven by a combination of factors, including Japan's sustained inflation rate, which has exceeded the 2% target for nearly three years, and increasing wage gains that are expected to continue pushing inflation higher. This rate hike is seen as part of the BOJ's ongoing strategy to normalize monetary policy after years of ultra-loose interest rates aimed at combating deflation. Provide a caption (optional) In addition to raising rates, the BOJ is also likely to revise its inflation forecast to reflect these conditions. The bank is expected to signal that the economic conditions are ripe for further tightening, though the pace and timing of subsequent rate hikes will be closely watched by the markets. NIKKEI 300 Showing signs of Indecision since Sept 2024. Governor Kazuo Ueda and other senior officials have carefully prepared the market for this move, with recent statements hinting at the possibility of a rate increase. Market participants are now looking ahead to Ueda's post-meeting briefing for more details on future policy actions. However, risks remain, particularly with global uncertainties such as potential market volatility linked to U.S. politics under President Donald Trump. While the rate hike is seen as an important step in Japan's economic recovery, there are concerns about the potential consequences, especially given the country's historical challenges with low growth and inflation. This policy shift highlights the BOJ's determination to move away from its extraordinary monetary easing measures, but the central bank must carefully navigate potential risks to both the domestic economy and global financial stability. WHAT IT MEANS FOR CYPTO TRADERS and what should you do? Be cautious with your leveraged positions as the news unfolds. Set stop losses and hold on to your long-term investments. BTC/USDT Technical Analysis! Last year, similar news had a severe impact on Bitcoin, causing it to drop from $72k to $48k. It was a tough situation, and many traders got caught in the downturn. While Trump is pushing the market, this news could have a short-term negative effect on both crypto and global markets. Although I don't foresee anything major happening, it's always better to be safe than sorry. So, be prepared for any outcome. If this article adds any value please share it with your circle. Disclaimer: This article is meant for educational purposes only. Please do your research before making any trade decisions. Thank you #PEACE
by Cryptorphic