Get started

U.S. Dollar / Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDJPY trade ideas

BoJ hikes rates, yen pares gainsThe Japanese yen gained as much as 0.8% earlier today but has failed to consolidate these gains. In the European session, USD/JPY is trading at 156.03, dwon 0.02% on the day. The Bank of Japan hiked its policy rate by 25 basis points earlier today, as expected. This brings the policy rate to 0.5%, its highest level since October 2008, during the global financial crisis. The Japanese yen climbed sharply after the decision but was unable to consolidate these gains. The BoJ has been signaling that it planned to raise rates at today's meeting, although the BoJ tends to surprise the markets and a rate hike, while expected, was not a given. The BoJ statement expressed hope that this year's wage negotiations would result in strong wage increases, as was the case last year. Governor Ueda has said in the past that he would raise rates provided that inflation was driven by higher wages, which would show that inflation was sustainable. Wage growth has been moving higher and this resulted in today's rate hike. Japan's inflation rate has been moving higher and the December inflation report, which came out today, showed core CPI climbed to 3%, up from 2.7% in November and in line with the market estimate. The core rate has hovered above the BoJ's 2% target for 2.5 years and at today's meeting, the BoJ upgraded its inflation outlook to above 2% until 2026. Predictably, Governor Ueda didn't provide a timeline for the next rate hike at his post-meeting press conference, but a May rate hike is on the table if the wage negotiations result in higher wages and inflation does not weaken unexpectedly. Another key factor in the timing of the next rate hike will be President Trump's trade policy. Trump had promised to levy tariffs on US trading partners on his first day in office but has delayed the tariffs until at least Feb. 1. The BoJ will want to see which direction Trump's trade policy is going before raising rates again. There is support at 154.78 and 153.27 156.49 and 158.00 are the next resistance lines
by OANDA
USD/JPY Short Trade Setup: Wave 4 Triangle CompletionPotential Short Trade Setup for USD/JPY: Elliott Wave 4th Wave Triangle Context: USD/JPY appears to be in a 4th wave triangle within a larger impulse wave sequence. The price is currently charting wave E, the final wave in the triangle formation. A short trade setup arises if resistance holds at key Fibonacci levels and the triangle completes, allowing the 5th wave to begin. Wave E's Potential Resistance Zone: 38.2% Fibonacci retracement of wave 3: Resistance at 156.18. 61.8% Fibonacci relationship of wave E to wave C: Resistance at 156.06. This tight resistance zone suggests it could act as the terminal point of wave E and the triangle as a whole. Wave 4 Characteristics (Triangle Formation): Wave 4 often forms contracting triangles, where the price consolidates with diminishing highs and lows before the trend resumes. Wave E is the final leg in the triangle and should not exceed the apex of wave C or break below wave A. Key Levels to Watch: Resistance Zone: 156.06–156.18 38.2% retracement of Wave 3: 156.18 61.8% relationship of Wave E to Wave C: 156.06 Trade Setup: Entry: Short near 156.06–156.18, where Wave E is expected to terminate. Stop-Loss: Above Wave C apex, around 156.76. Take-Profit: based on a 61.8% Fibonacci projection of Waves 1 + 3. Wave 5 Target Projection: 154.30 - 153.77 Scenarios: Wave 4 Triangle Validates: Wave E terminates in the resistance zone, leading to a bearish Wave 5 move. Invalidation: A break above 156.76 signals a more complex Wave 4 structure or trend reversal. This analysis is for informational and educational purposes only and does not constitute financial or trading advice
Short
by TheSignalService
Bank of Japan Raises Rates, Yen StrengthensBank of Japan Raises Rates, Yen Strengthens The Bank of Japan (BOJ) has raised short-term interest rates to 0.5%, the highest level in 17 years. While this move was anticipated, the currency market responded with a significant strengthening of the yen, with USD/JPY falling by approximately 0.6%. At a press conference, BOJ Governor Ueda stated that there is no predetermined course for future rate adjustments. Meanwhile, media reports cite analysts’ opinions suggesting that the rate could be raised again before the end of 2025. Technical analysis of the USD/JPY chart shows the formation of a descending channel (highlighted in red) at the start of 2025. The news of the rate hike enabled bears to launch another attack on the psychological level of 155 yen per dollar—a level that had previously served as support earlier this month. As of the morning of 24 January, bulls are managing to defend this level, but how long can they hold out if bearish pressure persists? Key points to note: → The USD/JPY trend resembles a rounding-top pattern. → The yen's strength is also supported by the dollar’s weakness, influenced by some uncertainty surrounding the introduction of international trade tariffs promised by US President Trump. Today, at 17:45 GMT+3, the Purchasing Managers' Index (PMI) figures will be released, potentially triggering heightened volatility in financial markets. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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 FXOpen
2
USDJPY - Long Setup My main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key swing low and left untouched swing high. But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of strength, so potentially there is a higher probability to see price higher. Your success is determined solely by your ability to consistently follow the same principles.
Long
by Maks_Klimenko
USD/JPY 4H Timeframe AnalysisUSD/JPY 4H Timeframe Analysis Trend Analysis On the 4-hour timeframe, USD/JPY is in a major uptrend. The price recently broke through a minor key resistance at 154.900, which is now acting as minor support. After this break, the price surged and broke through the next minor key resistance at 156.000, signaling further bullish momentum. At this point, manipulation began, where the price entered a consolidation phase as it accumulated buy orders. The price tested 156.000 three times, showing significant buy volume in the zone. After this accumulation, the price has broken the minor key resistance and is now in a liquidity zone, suggesting that a huge liquidity move is possible as a result of the increased buyer activity. Price Action Expectation: Our objective is to wait for the price to break above the minor key resistance at 156.000 and close above it on the 4-hour timeframe. This will confirm the continuation of the uptrend, and we expect a potential liquidity move upwards. The next target is 161.720, where the next minor key resistance lies. This level is a key milestone for price progression, and we anticipate a strong upward move due to the accumulation of buy orders in the current liquidity zone. Trade Setup: Trade Type: Buy Stop Entry: 156.400 (after the price closes above the minor key resistance at 156.000, signaling trend continuation) Stop Loss: 154.800 (below the liquidity zone, providing protection against false breakouts) Take Profit: 161.720 (targeting the next minor key resistance level) This setup leverages the break above the 156.000 level and aims to capture the upward momentum towards the next resistance at 161.720. The current liquidity zone indicates a strong probability for a continuation of the bullish trend. Fundamental Outlook: The BOJ Policy Rate decision revealed an actual rate of <0.50%, which was in line with the forecast. This is a continuation of Japan's ultra-loose monetary policy, suggesting a weaker yen. The BOJ's stance to keep rates low or negative further weakens the Japanese currency, supporting the USD/JPY bullish trend. Impact of the BOJ Decision: The weak yen created by the BOJ's policy aligns with the technical setup, as it makes USD/JPY more attractive. The lower rates in Japan enhance the yield differential with the U.S. dollar, supporting continued bullish pressure on the pair. Risk Management Risk-to-Reward Ratio: Ensure a 1:2+ risk-to-reward ratio for optimal returns. Position Sizing: Adjust your position size in line with your account equity and risk tolerance. False Breakout Caution: Watch for any potential false breakouts. Adjust your stop-loss if needed, especially if the price fails to hold above the 156.000 level. Conclusion: The USD/JPY setup is targeting a continuation of the uptrend, supported by both technical patterns and BOJ policy. The breakout above 156.000 signals a potential upward move, and the liquidity zone confirms the high probability of further bullish momentum. By using the buy stop order at 156.400, the trade aims to capture the next leg of the uptrend with a strong risk-to-reward ratio. Trading involves substantial risks and may not be suitable for all investors. Always seek guidance from a financial professional if you’re unsure about trading decisions.
Long
by RebornFXTrader
Trump, BOJ could be the ideal divergent theme for USD/JPY bearsWe've just seen the BOJ deliver a hawkish hike, where they upgraded their inflation forecasts and cited rising wage pressures. This leaves the door open for further hikes this year. Meanwhile, Trump is now trying to strongarm the Fed and global central banks to lower interest rates immediately. Together, this is the ideal divergent theme currency traders crave. And the icing on the cake for USD/JPY bears would be if Trump begins his attack on a strong USD (which I think he will). Matt Simpson, Market Analyst at City Index and Forex.com
Short
by CityIndex
1
$DXY/YEN can we still see 159.26 MAYBE OR NOT SECOND TOP in dollar yen Carry trade My Original view was for this chart to see at or above 162 for wave B But I also gave it a chance that we 159.26 this being where wave C up of B top would be .618 of wave [A} up we peaked at 158.57 The carry trade has been a major reason for worldwide Liquidity Inflating assets Worldwide and The US Treasury and Fed was the reason for USA assets to inflate . As I have said The GLOBAL Liquidity Cycle is ending and is just about to start the contraction cycle . So I am RATHER Bullish on the DXY for 2025 and into 2026 and bearish YEN I have the DXY seeing a 121 plus or minus 1.5 target . I picked up dxy at the low 100.60 to 99.8 see post I have sold at 110 and I am buying it back > I had targets of 107.6 but we are setting up for the next up leg in DXY and Drop in YEN best of trades Wavetimer
by wavetimer
USDJPY → Japan's central bank is about to raise ratesFX:USDJPY cannot continue its uptrend yet. Rumors about possible actions from the central bank of Japan will appear. The dollar in the meantime continues to rise.... 158.46 is a rather strong resistance formed by the bears, who continue to put pressure on the market. This week, we expect active actions from the Central Bank of Japan, namely - raising interest rates. In general, this phenomenon is quite rare, but it can support the currency pair very well. If the Japanese decide to take such actions, the currency pair may continue the correction from 0.5 - 0.7 fibo. Priority targets in this case may be the zones of interest at 153.24, 151.94. Resistance levels: 156.56, 157.22 Support levels: 155.1 Price fixing below 0.5 Fibo or below 155.95 may provoke aggressive selling. The decision on rates in Japan will take place on Friday, until then the price may be in consolidation.... Regards R. Linda!
Short
by RLinda
3
Potential bearish drop?USD/JPY has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 156.59 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 158.13 Why we like it: There is a pullback resistance level. Take profit: 154.74 Why we like it: There is an overlap support level. 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