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USDJPY trade ideas

USDJPY SHORT TARGET 230 PIPSUSDJPY SHORT TARGET 200 PIPS This week we are looking to short USDJPY from 153.500 to 151.209 which is 230 pip target. Election fever should be calming down in the coming week and expecting to see a correction in the USD in the next few days. Trade is base on a few different conditions, I have marked the fake breakout and also the formation of a head and shoulder pattern on the 4 hour chart. Entry criteria Expecting an initial rise to entry before being rejected as per previous rejection at that level. Break and retest is the safest entry method.
Short
by F0rexBorex
¥155 remains an important hurdle for the dollarCompared to several other major pairs in recent days, dollar-yen’s next direction seems a lot less clear. The Japanese government is likely to monitor the possible impact of Donald Trump’s election on Japan’s economy but, for the moment, it seems to be less negative compared to the EU. Losses since 7 November haven’t been accompanied by very high volume of selling, which would usually suggest profit-taking rather than the start of a new downtrend or sideways trend. There’s also no longer any indication of overbought based on either the slow stochastic or Bollinger Bands. A close above ¥155 could be a reliable signal that the uptrend will continue, but that depends on American inflation on 13 November, news from Japan and overall sentiment. The 50 SMA from Bands is in the process of golden crossing the 100 SMA around the 38.2% weekly Fibonacci retracement, so ¥148.20 is likely to be a strong support in the event of a fairly deep retracement. Equally, the 20 SMA has been an active dynamic support in recent days. A move back to the area of the 50% Fibo, the main technical reference in August-September, seems very unfavourable for now. This is my personal opinion which does not represent the opinion of Exness.
by Michael_Stark_Exness
Will we see intervention and the propping of Yens?We have seen various instances of Japanese Govt intervention and the propping up of a weak Yen. The Yen tends to get to seriously weak points like this as a result of their MP stance (low rates, high exports). The FED rate still sits much higher, as do most major economies. Japan benefits from a weaker currency until it gets too weak. If we see any further rises, we may see such falls as eluded to by Finance Minister Kato earlier today. After the assumption that FED may ease more slowly, USD strength still has a case. Looking for re-shorts on higher fib levels back towards previous highs. Any real price rise (especially if its quick) is likely to warrant further Intervention. Any serious intervention may cause rapid falls on Yen crosses, so a short side bias will be taken but only in proportion to equity/risk at all times. Awaiting further sentiment.
Short
by WillSebastian
USD/ JPY ! 11/8 ! oversold , support , BUY nowUSDJPY trend forecast November 8, 2024 The Japanese Yen (JPY) struggles to gain traction on Friday, fluctuating with minor gains and losses against the US Dollar (USD) as the European session nears. Support for the JPY comes from recent comments by Japanese authorities, though concerns about the Bank of Japan's (BoJ) capacity for further rate hikes limit its upward momentum. Meanwhile, optimism around Trump’s growth and inflation policies largely overshadows the Fed’s dovish outlook, boosting US Treasury yields, which in turn weighs on the lower-yielding JPY. Additionally, renewed USD buying helps restrict any significant downside for the USD/JPY pair. Trump as president with more strict foreign policies, mainly helps the dollar stronger. This will help USD/xxx currency pairs to increase in value. /// BUY USD/JPY : zone 152.300 - 152.100 SL: 151.700 TP: 40 - 100 - 200 pips (154.100) Safe and profitable trading
Long
by Moon-ForexAcademy
3
USDJPY Long after retracement to FIB level.After a short holiday and the fuss of the US elections and the FED decision I started looking for positions. I just entered at market buying the USDJPY at 152.68 SL 151.50 and TP 155.50. There was an impulse wave breaking to the upside and has retraced back down to the 0.618 fibonacci level probably due to intervention comments from the BoJ The Market seems to favour the Trump victory and this has supported the USD and stocks hence this trade idea. P.S. I shall decide later today whether to hold this trade open over the weekend. P.P.S. China all be releasing data over the weekend so be aware if you are trading AUD or NZD.
Long
by ratcatcher
Long UJYen to retrace its gain from start of day from London and NY sesh DXY on support and bounced 1hr stoch rsi regular divergence (price LL oscillator HL) -> bullish reversal DXY in bollinger band squeeze and retested low first, potential rally for upcoming sesh Fake breakout of vwap upper band from previous daily swing low, if it does fall to retest can act as support. Idea aligned with the bullish PA seen from USDCAD Extra: liquidity sweep failed three black crow formation (third one lost huge momentum) trapped sellers -> fake out followed by three white soldiers formation with a momentum filled break of previous wick highs etc What do you think?
Long
by FableHart
Japan’s consumer spending slips, yen extends gainsThe Japanese yen has posted gains on Friday. In the European session, USD/JPY is trading at 152.38, down 0.36% on the day. The yen has taken traders on a roller-coaster ride this week, plunging 2% on Wednesday and rebounding on Thursday with a 1.1% gain. Japan’s household spending fell by 1.1% y/y in September, following a 1.9% drop in August. This was better than the market estimate of -2.1%. Household spending has declined in 10 of the past 12 months, as consumer confidence fell in October and inflation is relatively high. On a monthly basis, household spending decreased 1.3%, after a strong 2% gain in August. This beat the market estimate of 0.7%. The weak yen is also weighing on consumers, who are being squeezed as their purchasing power has fallen. The yen fell to three-month lows this week against the dollar and if the downswing continues, the Bank of Japan will be under pressure to respond with a rate hike. Although consumers are holding tight on the purse strings, wages have been rising and the BoJ is hopeful that will translate into increased consumer spending and demand-driven inflation. Consumer spending makes up more than half of the economy and BoJ is unlikely to make further rate hikes until it sees stronger consumer spending. The markets don’t expect a rate hike until early 2025. The Federal Reserve didn’t surprise anyone with a 25-basis point rate cut on Wednesday. This is the second cut in the easing cycle after an oversized 50-bp chop in September. The vote was unanimous and unlike the Bank of Japan, the Fed has been transparent and telegraphed its plan to cut rates ahead of the meeting. The Fed is expected to continue cutting rates in the coming meeting and will be keeping a close eye on inflation and employment reports. USD/JPY faces resistance at 153.44 and 154.17 152.16 and 151.43 are the next support levels
by OANDA
USDJPY Daily Analysis: Slight Bearish Bias Expected Amid !!USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Fundamental Shifts 08/11/2024 Introduction In today's analysis of USDJPY, the pair appears to carry a slight bearish bias, driven by significant macroeconomic factors. These include recent economic data from Japan, U.S. dollar movements, and evolving global risk sentiment. In this article, we’ll explore the critical factors affecting USDJPY today, helping you stay ahead in your trading decisions. --- Key Drivers Influencing USDJPY Today 1. Bank of Japan (BoJ) Policy Stance The Bank of Japan has maintained its ultra-loose monetary policy, but recent statements hint at a gradual shift if inflation stabilizes around target levels. Markets are speculating on potential policy adjustments, increasing support for the Japanese yen (JPY). Any tightening signals from the BoJ would strengthen the JPY, adding bearish pressure to USDJPY. 2. U.S. Federal Reserve’s Caution on Rate Hikes The Federal Reserve’s recent statements show a cautious stance on further interest rate hikes due to mixed economic data and inflation uncertainties. This dovish outlook has weakened the U.S. dollar (USD) across major currency pairs. A softer USD supports a bearish bias for USDJPY, especially as U.S. bond yields decline, making the JPY more appealing. 3. Global Risk Sentiment Impacting Safe-Haven Flows The JPY is considered a safe-haven currency and often gains during periods of market uncertainty. With mixed global economic indicators and recent geopolitical tensions, investors may lean towards the JPY, contributing to USDJPY’s bearish potential. 4. Technical Factors Supporting a Bearish Bias USDJPY recently tested key resistance levels and failed to break higher, adding to the bearish sentiment. The pair is also trading close to its 50-day moving average, a significant level that, if broken, could signal further downward movement. --- Technical Analysis Indicators Supporting a Bearish Outlook Moving Averages and RSI USDJPY is hovering near its 50-day moving average, a critical support level. A sustained break below this line may confirm a bearish trend. Additionally, the RSI (Relative Strength Index) is showing early signs of downward momentum, signaling potential selling pressure ahead. MACD and Volume Analysis The MACD (Moving Average Convergence Divergence) indicator is showing bearish divergence, reinforcing the expectation of a bearish trend for USDJPY. Volume analysis also shows a decline in buying pressure, aligning with the anticipated downward movement. --- Conclusion The combination of a cautious Fed, potential policy changes from the BoJ, and current risk sentiment suggests a slight bearish bias for USDJPY today. Traders should keep an eye on key technical levels and monitor any news impacting the USD and JPY for further confirmation. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #JapaneseYenOutlook - #USDJPYtoday - #USDJPYnews - #ForexMarketAnalysis - #USDJPYprediction
Short
by PERFECT_MFG
USDJPY rises sharply, supported by rising channel !USDJPY is showing significant upside momentum today, trading firmly within a well-defined bullish channel on the 4-hour chart and currently trading at 153.89. This bullish move reflects a stronger USD influence, fueled by recent events surrounding former President Donald Trump. Despite the steady push from technical factors, USDJPY may face resistance near 154.00. This area may act as a short-term hurdle, as the pair’s upside momentum may slow down once it reaches this level. A minor pullback within the channel is expected, which would help confirm the ongoing trend. This pullback could take USDJPY down to the support zone around 153.000, testing both the 34 and 89 EMAs for further strength. If the pullback is successful, USDJPY is expected to continue its upward trajectory, heading towards the upper boundary of the channel. The next important resistance zone lies above 156,000, which aligns with the top of the channel, representing a crucial level to watch for further gains.
Long
by Bentradegold
1
USDJPY BUY | Idea Trading AnalysisUSDJPY is moving UP. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
9
Potential bullish bounce off 50% Fibonacci support?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance level. Pivot: 152.49 1st Support: 151.57 1st Resistance: 153.74 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
Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that is slightly below the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 152.38 Why we like it: There is a pullback support level that is slightly below the 61.8% Fibonacci retracement. Stop loss: 151.57 Why we like it: There is a pullback support. Take profit: 153.76 Why we like it: There is a pullback resistance 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.
Long
by VantageMarkets