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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

USD/JPY remains below 150.00Despite reaching its highest level since early December on Monday, the Japanese yen (JPY) remains weaker against the U.S. dollar in early European trading. Bank of Japan (BoJ) Governor Kazuo Ueda signaled a willingness to increase government bond purchases if long-term interest rates rise significantly. This has led to a decline in Japanese government bond (JGB) yields, driving some intraday JPY selling and helping USD/JPY recover from an earlier dip below 149.00. Expectations of rising inflation and sustained wage growth in Japan have strengthened investor confidence that the BoJ will raise interest rates more aggressively. This limits bearish bets on the JPY. Meanwhile, renewed selling of the US dollar (USD) offsets the USD/JPY pair’s recovery, despite the Fed’s hawkish stance. As a result, confirming a bottom in spot prices requires strong follow-through buying. From a technical standpoint, Any upward movement is expected to face strong resistance around the 150.00 psychological level. Continued buying could push the USD/JPY pair toward the 72 EMA on the 4-hour timeframe at 153.30, just below the key 154.00 psychological level. A decisive break above this point could drive further bullish momentum. On the downside, the 149.00 level, followed by the Asian session low at 148.85, now acts as major support before the 148.65 area, which marks the December 2024 low. Failure to hold these levels could accelerate the USD/JPY pair’s decline toward the 148.00 psychological level. The downward trend may then extend toward the next key support near 147.45 before potentially reaching 147.00.
by softt_inc
USDJPY: remains below 150.00Furthermore, any significant retracement could find immediate support near the 149.50 level, which is followed closely by the 149.00 round number. A break below the latter might expose the USD/JPY pair to a retest of the 148.50 region, a level seen as the next strong support. Sustained weakness below this area could pave the way for a deeper corrective decline, with the next target around the 148.00 level. Traders will likely keep a close eye on these levels, as they could provide fresh directional impetus for the pair.
Long
by xauusd_rr
Will USD/JPY Correct After Hitting Key Resistance?After analyzing multiple charts, the USDJPY chart reveals a potential correction as the price encounters resistance at a broken weekly trendline, now serving as a key supply zone. The steep uptrend appears overextended, increasing the likelihood of a retracement as the market consolidates gains. A breakdown of the rising support trendline could signal a shift toward bearish sentiment, with Fibonacci retracement levels offering critical targets for the correction. Key Levels to Watch: • 38.2% Retracement: 154.377 • 50.0% Retracement: 153.281 • 61.8% Retracement: 152.185 Stay sharp and trade smart as we head into the new year! 🎉
by SpicyPips
1
Fundamental Market Analysis for February 24, 2025 USDJPYThe Japanese yen (JPY) continued to strengthen against its U.S. counterpart last week and pushed the USD/JPY pair down to 149.000, its lowest level since early December, during Monday's Asian session. Japan's strong Consumer Price Index (CPI) released on Friday complemented last week's encouraging Q4 Gross Domestic Product (GDP) growth report. This, along with expectations that solid wage growth will drive consumer spending, suggests that the Bank of Japan (BoJ) may raise interest rates more aggressively than originally anticipated and continues to support the Japanese Yen. In addition, the emergence of new US Dollar (USD) selling is favorable for the JPY and has contributed to the USD/JPY pair declining for the fourth consecutive day, marking the seventh day of negative movement in the last eight. Meanwhile, Bank of Japan Governor Kazuo Ueda showed willingness to increase government bond purchases if long-term interest rates rise sharply. This in turn led to a further decline in Japanese government bond (JGB) yields from the multi-year peak reached last week, which triggered some intraday JPY selling and helped the currency pair bounce more than 50 pips from the daily low. Trading recommendation: SELL 149.200, SL 149.800, TP 148.300
Short
by Fresh-Forexcast2004
Could the price bounce from here?USD/JPY is falling towards the pivot and could bouncer to the pullback resistance. Pivot: 149.28 1st Support: 146.90 1st Resistance: 151.23 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
USDJPY M15 | Bullish BounceBased on the M15 chart analysis, the price is approaching our buy entry level at 149.09, a pullback support. Our take profit is set at 149.79, a pullback resistance that lines up with the 161.8% Fibo extension. The stop loss is placed at 148.74, below the 127.2% Fibonacci extension. 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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
Price Action Analysis: Key Levels and Future ScenariosAfter analyzing multiple timeframes, we can see that the price managed to rise to 150.738 on Friday, 21st of February. However, after encountering resistance, it reversed and broke the support level at 149.568. Additionally, the price has been trading within a channel since Monday, 23rd of December 2024, consistently respecting the lower boundary of the channel four times in the past. The previous support at 149.568 has now turned into a resistance level. Given the price’s historical respect for the channel, we expect it to follow the same pattern. If the price breaks above the fresh resistance at 149.568, the next target will be 152.000. On the other hand, if the price fails to break this resistance, the next support level lies at 147.208. For the long run, ensure you follow proper risk management strategies. Happy trading!
by SpicyPips
BOJ Ueda throws cold water on Yen | FX ResearchInvestors have been less and less affected by President Trump's talk on trade, something that has helped to bolster risk appetite and open a wave of US dollar outflows. Currencies and broader risk markets have also been feeling better about a possible peace deal between Russia and Ukraine, though clearly, there's still a lot more work that needs to get done here. There have been some out there talking of dollar weakness also coming from the dollar bearish implications of a US sovereign wealth fund that would invest in global assets and diversify away from the US dollar. Moving on, today's weakness in the yen is notable as it comes after Japan inflation data was hotter than expected, which should have generated yen demand. Yet, it was the BOJ governor who threw cold water on the yen after saying the central bank stood ready to increase government bond buying if long-term interest rates rose sharply. Elsewhere, Aussie PMI data ticked up, adding to the case for no more RBA rate cuts, which helped to extend Aussie's run to a fresh yearly high against the buck. Looking ahead, we get UK retail sales, German, Eurozone, and UK manufacturing PMI data, Canada retail sales, US existing home sales, Michigan sentiment, and some Fed commentary. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets