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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

UJ Trade Recap - Profit Secured!This morning, I entered a trade on USD/JPY with an aggressive setup as price showed promising upward momentum. After entry, price quickly retested my EMA, allowing me to secure profit along the way. Although I was aiming for a better risk-to-reward (RR) ratio, the sudden retest was a good opportunity to lock in gains and stay cautious. 🟢 Trade Details: Risk %: 1% Entry TF: 15min SL Mode: ATR TP Mode: Trailing 💬 Will continue monitoring for a stronger momentum push and a higher RR on the next setup. Patience is key! #Trading #USDJPY #WiseOwlIndicator #Forex #EMA #RiskManagement #Profit
by TraderOuss_LumaNex
USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Shifts USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Shifts in Economic Sentiment 12/11/2024 Introduction Today’s analysis of USDJPY suggests a slight bearish bias as the Japanese yen gains ground amid mixed U.S. economic data and evolving global risk sentiment. The contrasting monetary policies of the Bank of Japan (BoJ) and the Federal Reserve, alongside shifts in market sentiment, are shaping today’s outlook for USDJPY. This article provides an in-depth look at the key drivers influencing USDJPY, offering insights for traders navigating today’s forex market. --- Key Drivers Influencing USDJPY Today 1. Bank of Japan’s (BoJ) Stable Policy Outlook The Bank of Japan (BoJ) has kept its ultra-loose monetary policy unchanged, but recent signals of potential shifts to support sustainable inflation levels have strengthened the yen. Speculation of a possible policy tweak has spurred demand for the JPY, putting bearish pressure on USDJPY as traders eye potential moves in the BoJ’s stance. 2. Mixed U.S. Economic Data and a Softer Dollar Recent U.S. data, including softer inflation and labor market figures, have prompted the Federal Reserve to maintain a cautious stance on additional rate hikes. This dovish outlook has weakened the U.S. dollar (USD), which further pressures USDJPY towards a bearish bias, especially as U.S. Treasury yields remain relatively low, reducing the USD’s appeal. 3. Global Risk Sentiment and Safe-Haven Demand for the Yen The Japanese yen is traditionally viewed as a safe-haven currency. With ongoing global economic uncertainties and recent geopolitical tensions, investors may lean towards the yen, adding to USDJPY’s bearish outlook. The yen’s safe-haven status often draws demand during periods of uncertainty, contributing to downward pressure on USDJPY. 4. Technical Indicators Favoring a Bearish Bias Technically, USDJPY is trading near key resistance levels, where it has faced selling pressure recently. The pair is also moving below its 50-day moving average, indicating a short-term downtrend. Both the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators are showing bearish momentum, reinforcing the outlook for a slight bearish bias today. --- Technical Analysis Indicators Supporting a Bearish Outlook Moving Averages and RSI USDJPY is currently trading below its 50-day moving average, a bearish signal that suggests continued downward movement. The RSI is trending lower, indicating increasing selling pressure and reinforcing the possibility of further declines. MACD and Volume Analysis The MACD (Moving Average Convergence Divergence) shows a bearish crossover, suggesting further downside potential. Volume trends also indicate growing selling interest, supporting today’s bearish bias in USDJPY. --- Conclusion Given the BoJ’s evolving stance, recent U.S. economic data, and a cautious global sentiment favoring safe-haven assets, USDJPY is anticipated to have a slight bearish bias today. Traders should monitor key technical levels and remain attentive to any shifts in global sentiment that could impact the pair. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #JapaneseYenOutlook - #USDJPYtoday - #USDWeakness - #ForexMarketAnalysis - #USDJPYprediction
Short
by PERFECT_MFG
1
Fundamental Market Analysis for November 12, 2024 USDJPYThe Japanese Yen (JPY) managed to strengthen slightly against its US counterpart in Tuesday's Asian session, but looks like it could weaken further. Japan's fragile minority government is expected to make it difficult for the Bank of Japan (BoJ) to tighten monetary policy. Moreover, the BoJ's summary of opinions from its October meeting showed that policymakers were divided on whether to raise interest rates again. This, along with fears of President-elect Donald Trump's tariffs returning, is putting pressure on the Japanese yen. Trump's policies and corporate tax cuts should put upward pressure on inflation, which could limit the Federal Reserve's (Fed) ability to ease policy. This, in turn, supports rising US Treasury yields and confirms a negative outlook for the low-yielding JPY in the near term. The US Dollar (USD), on the other hand, maintains the positive trend that followed Trump's victory in the US presidential election and suggests that the path of least resistance for the USD/JPY pair remains to the upside. Trading recommendation: Trade predominantly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004
USDJPY InsightHello, everyone! Welcome to the channel. Please feel free to share your thoughts in the comments, and don’t forget to like and subscribe. Key Points - Japan's special Diet session has reappointed Shigeru Ishiba as Prime Minister, keeping political uncertainty in place. - According to the minutes from the October BOJ Monetary Policy Meeting, the Bank of Japan indicated a cautious stance on rate hikes for the time being, citing the rise in U.S. long-term interest rates as an external risk. - The increased number of Republican seats in the U.S. House raises the likelihood of a "Red Wave" becoming a reality. - Concerns persist that the Trump administration may impose substantial tariffs on neighboring trading partners. Key Economic Indicators - November 12: Germany October CPI - November 13: U.S. October CPI - November 14: U.S. October PPI - November 15: Fed Chair Powell’s speech, Japan Q3 GDP, U.K. Q3 GDP, U.S. October Retail Sales USD/JPY Chart Analysis As the "Trump trade" trend continues, the U.S. dollar remains strong, pushing USD/JPY upward as well. Having already breached the 152 level, there is a significant possibility it could rise further to the 158 level. If the 158 level is broken, additional gains could extend to 162. However, if resistance is met at 158, a pullback to around the 149 level can be expected. If the trend diverges from expectations, we will promptly adjust our strategy.
Long
by shawntime_academy
1
USD/JPY Bullish Run SetupI’m currently monitoring USD/JPY for a strong bullish push, leveraging both HTF structure and 15-minute trend confirmation to guide my entry and trailing strategy. 🔹 Market Structure : The higher time frame (HTF) shows a bullish bias, and we’ve just witnessed a bullish shift on the 15-minute chart. This setup aligns well with my strategy, where I look for confirmation of market direction on both time frames. 🔹 Trade Objective : My goal is to ride this momentum to at least the previous 4-hour high, but with a trailing stop in place, I’m prepared to capture additional upside if the trend remains favorable. 🔹 Risk Management : Employing my trailing system with ATR-based stop loss, I’m managing risk at 1%, aiming for a steady risk-to-reward balance while allowing room for potential larger gains. 🔹 Stats : So far, the indicator has shown promising results with a net profit of 254.62 R and a profit factor of 4.18, based on my backtests. This approach helps me stay disciplined and make data-backed decisions. Let’s see if USD/JPY continues to hold this momentum and pushes higher! 🚀 #USDJPY #Forex #TradingSetup #MarketStructure #RiskManagement
Long
by TraderOuss_LumaNex
USDJPY View!!(MaceNews) – Japanese Prime Minister Shigeru Ishiba was re-elected in a rare parliamentary run-off vote on Monday after the ruling coalition lost a majority in the Lower House general election about two weeks ago as many voters, weary of high costs, punished Ishiba’s conservative Liberal Democratic Party for its political funding scandal. Ishiba continues to face the challenge of running a minority government in a hung parliament. He was scheduled to be sworn as Japan’s 103rd prime minister late on Monday.
Long
by FXBANkthe8055
USDJPY Will Go Up! Long! Please, check our technical outlook for USDJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 153.692. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 157.722 level. 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