Get started

U.S. Dollar / Japanese Yen

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

USDJPY trade ideas

THOUGHTS ON USD/JPYUSD/JPY 4H - With this market I am expecting some bearish structure as I want price to put in a deeper correction to the downside before taking us higher in the market. Before price does that I am expecting an initial correction to the upside fractally in order for price to grab more Supply allowing price to continue lower performing this deeper correction. Once price trades us higher up and into the Supply Zone above I will be waiting for relevant pieces of confirmation in order to enter short in this market, I will ride price down and into the Demand zone below. Once price trades us down and into the Demand zone I will look to close my short positions and I will prepare to go long in this market with it being a predominately bullish market on the higher timeframe structure, this giving us a clear longer term bias.
Short
by Lukegforex
JPY on track for its worst monthly performance in 8 years. USD/JPY closed higher at 153.29 (+0.65%), up 6.70% in October, putting the JPY on track for its worst monthly performance in 8 years (since November 2016). The slide in the JPY accelerated yesterday after the LDP/ Komeito ruling coalition lost its lower house majority for the first time since 2009. There are signs that Ishiba will be able to cobble together an LDP-led minority government, which would be the first occurrence of this since WW2. This month's sell-off in the JPY increases the chances that the BOJ may push back against recent JPY weakness at its meeting on Thursday. While USD/JPY holds above an important band of support at 152.00/150.00 further gains appear likely.
Long
by IG_com
Fundamental Market Analysis for November 1, 2024 USDJPYThe Japanese yen (JPY) retreated from its recent gains following the release of the manufacturing purchasing managers' index (PMI) from Jibun Bank and S&P Global on Friday. However, the USD/JPY pair declined as the yen strengthened following comments from Bank of Japan (BoJ) Governor Kazuo Ueda on Thursday that increased the likelihood of a rate hike in December. Jibun Bank's headline PMI for Japan's manufacturing sector came in at 49.2 in October, down from 49.7 in September. This composite single-digit reading indicates that Japan's manufacturing output continued to contract at the start of the fourth quarter of 2024, with the pace of decline in output and new order inflows more pronounced. Japan's Chief Cabinet Secretary Yoshimasa Hayashi said on Friday that he expects the Bank of Japan to work closely with the government to implement appropriate monetary policy to achieve the price target in a sustainable and stable manner. Traders await the release of the U.S. non-farm payrolls (NFP) report on Friday. The U.S. economy is expected to add 113,000 jobs in October, while the unemployment rate is expected to remain unchanged at 4.1%. Trading recommendation: Trade predominantly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004
USDJPY Daily Forecast: Slight Bearish Bias Amid Fundamental FactUSDJPY Daily Forecast: Slight Bearish Bias Amid Fundamental Factors (31/10/2024) Introduction In today's trading session on October 31, 2024, USDJPY appears to carry a slightly bearish bias due to various fundamental drivers impacting both the US Dollar (USD) and the Japanese Yen (JPY). This article provides a detailed analysis of USDJPY, focusing on the major economic and geopolitical factors contributing to the bearish outlook. By considering both macroeconomic trends and the latest technical indicators, traders can better navigate potential setups for the USDJPY pair. Key Fundamental Drivers Impacting USDJPY Today 1. Federal Reserve’s Dovish Policy Outlook - The Federal Reserve has recently hinted at maintaining a dovish stance, signaling a potential pause on interest rate hikes. This policy outlook is generally bearish for the USD, as lower interest rates reduce the Dollar’s appeal to investors seeking yield. As a result, the USD could experience downward pressure against the Japanese Yen, contributing to a slight bearish bias for USDJPY. 2. Bank of Japan's Commitment to Policy Adjustments - The Bank of Japan (BOJ) has gradually shown signs of flexibility in its yield curve control policy, which could strengthen the Yen. Any indication of a potential shift away from ultra-loose monetary policy is generally supportive for JPY, as it attracts investors looking for stability in an uncertain global environment. This shift increases the possibility of a bearish trend in USDJPY. 3. US Treasury Yields and Safe-Haven Demand - The recent volatility in US Treasury yields has led to fluctuating demand for USD-denominated assets. Lower yields often make the Dollar less attractive, especially in comparison to the Yen, which is considered a traditional safe haven. With a potential decline in yields, demand for USD could weaken, encouraging investors to turn toward JPY and reinforcing the slight bearish outlook for USDJPY. 4. Global Economic Uncertainty and Risk Sentiment - The recent geopolitical tensions and economic uncertainties have led to higher risk aversion in the markets. In times of heightened uncertainty, the Yen benefits as a safe-haven currency. This risk-off sentiment may draw investors to JPY, increasing its strength against USD and creating bearish pressure on the USDJPY pair. 5. Japanese Economic Data - Stronger-than-expected Japanese economic data, including stable GDP growth and improved manufacturing output, have added positive momentum to the Yen. These indicators reflect Japan’s gradual recovery, making the Yen more attractive and adding pressure on USDJPY from the Japanese side. Technical Analysis of USDJPY (31/10/2024) From a technical perspective, USDJPY trades below its 50-day moving average, a signal commonly associated with bearish trends. The Relative Strength Index (RSI) also hovers near the 40 level, suggesting potential downside momentum. Key support levels around 147.50 and resistance near 150.00 should be monitored. Key Support: 147.50 Key Resistance: 150.00 Conclusion: USDJPY Outlook for 31/10/2024 Given today’s fundamentals and technical conditions, USDJPY exhibits a slightly bearish bias. Factors such as the Federal Reserve’s dovish stance, the BOJ’s gradual policy adjustments, and risk aversion in global markets are all contributing to the current outlook. However, traders should remain attentive to any unexpected shifts in global economic data or central bank announcements. For those watching the USDJPY today, focusing on these fundamental drivers and key support levels can provide valuable insights for trading the pair amid a slightly bearish sentiment. SEO-Keywords: #USDJPYForecast #ForexAnalysis #USDToday #JapaneseYen #CurrencyMarket #USDJPYOutlook #BearishUSDJPY #TradingUSDJPY #ForexFundamentals
Short
by PERFECT_MFG
USDJPY: Will the NFP Halt the Dollar?The USD/JPY moves between sustained bullish momentum and possible technical corrections: the Bank of Japan’s decision to keep rates unchanged temporarily strengthened the Yen, pushing the pair below 153, but post-election political uncertainty limits any lasting appreciation of the Japanese currency. Conversely, the US dollar continues to benefit from a favorable economic backdrop, bolstered by a strong labor market and the potential for a gradual Fed approach in the future. Imminent economic data, such as consumer confidence and JOLTS job openings, could confirm the US recovery, further boosting Treasury yields and the dollar. From a technical perspective, the trend remains bullish, with key resistance levels at 153.90 and 155.10, while a correction toward supports at 151.95 and 149.50 might indicate a pause or reversal of the trend.
Long
by Forex48_TradingAcademy
1
USD/JPY: Can the 152.89 Support Level Sustain the Recovery?Despite a slight rebound following the BoJ's decision, the Japanese Yen (JPY) still faces multiple challenges. The USD/JPY pair temporarily dipped below 153, but technical indicators suggest that its long-term upward trend remains intact. The combination of the BoJ's loose monetary policy and the possibility that the Fed may soon pause rate hikes continues to support the USD. The technical chart shows strong support at 152.89, acting as a solid anchor to potentially halt further declines in the pair and pave the way for a short-term recovery. However, if resistance at 153.53 is encountered, prices may adjust back to the 153.07 support zone before resuming the upward trend. Traders should keep an eye on these support and resistance levels to identify short-term trading opportunities.
by Alisa_Rokosz
USD/JPY eyes Bank of Japan meetingThe Japanese yen continues to have a quiet week. In the North American session, USD/JPY is trading at 153.25, at the time of writing, down 0.07% on the day. The Bank of Japan concludes its two-day meeting on Thursday and is widely expected to maintain policy settings, including its benchmark rate at 0.25%. The shock result from Sunday’s general election, which saw the ruling Liberal Democratic Party lose its majority, will means weeks of political uncertainty. The yen weakened to a three-month low after the election but that won’t be enough to prod the BoJ to raise interest rates on Thursday. The BoJ has said in the past that it would not make any rate moves during times of uncertainty, and between the political crisis in Japan and the tight election campaign in the US, it’s a sure bet that policymakers will wait before adjusting rates. The markets will be keeping a close eye on the BoJ’s quarterly inflation and growth reports, which will be released at the meeting. The BoJ has said that it will hike rates if the economy and prices move in line with these projections, so these projections could provide clues about the BoJ’s future rate path. Governor Ueda holds a press conference after the meeting, and a reference to the falling yen could signal plans for a rate hike or intervention in the currency markets in the near term. In the US, first-estimate GDP in the third quarter rose 2.8% y/y, down from 3.0% in Q2 and below the estimate of 3.0%. This points to a strong economy which has been boosted by robust consumer spending. The Federal Reserve meets on Nov. 7 and the markets have widely priced in a 25-basis point cut. USD/JPY is testing support at 153.33. The next support line is 152.80 153.92 and 154.45 are the next resistance lines
by OANDA
USDJPY Will Fall! Short! Please, check our technical outlook for USDJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 153.142. Taking into consideration the structure & trend analysis, I believe that the market will reach 147.275 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
USD/ JPY ! 10/ 28 ! SELL resistance ! GAP USD/ JPY trend forecast October 28, 2024 The Japanese Yen (JPY) recovers about 50 pips from a three-month low against the USD, though gains are limited amid uncertainty over the Bank of Japan's rate hike plans and the ruling coalition’s recent loss of its parliamentary majority. Additionally, a positive risk sentiment continues to weigh on the safe-haven JPY. At the beginning of the week, the price created a GAP to increase - need to adjust to fill the GAP. There is a slight resistance zone - in the context of not much important news today. /// SELL USDJPY : zone 153.250 - 153.550 SL: 153.850 TP: 60 - 100 - 250 pips (151.050) Safe and profitable trading
Short
by Moon-ForexAcademy
2
USD/JPY schould the bears take their chance ? In recent weeks, we’ve seen a massive bullish movement. I believe many have been anticipating a bearish pullback or pivot. The market has now entered my daily supply zone, with indicators suggesting a potential bearish move ahead. Switching to the 4-hour timeframe, I don’t see a supply zone that meets my criteria when looking to the left. I’ll wait for the market to establish a current supply zone, which could present an entry opportunity soon. What I’m looking for now is a clear rejection favoring the bears to confirm a strong bearish move.
Short
by Glitchz_99
4
Traditional markets quiet, bitcoin making movesIt’s been relatively calm in traditional markets. Currencies are flat, stocks are steady, and commodities are consolidating. Meanwhile, cryptocurrencies are heating up, with Bitcoin making a push back towards its record high from earlier this year. Gold is holding just under record highs, and oil is consolidating after another sharp drop at the start of the week—two very different stories in the commodities space. On Tuesday, Japan’s Akazawa commented on the yen’s weakness, noting that authorities are closely monitoring the political landscape. Additionally, reports indicate Japan’s Prime Minister may seek support from the opposition Democratic Party to form a partial coalition. In the Eurozone, German consumer confidence showed strength, while in the UK, mortgage approvals reached their highest level since the fallout from the mini-budget of 2022. Looking ahead, key releases include the Bank of Canada’s MPR, Canadian wholesale sales, the U.S. goods trade balance, Case-Shiller house prices, JOLTS job openings, and consumer confidence data. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
USDJPY Daily Analysis: A Slight Bearish Bias Expected!!Introduction Today’s analysis of the USDJPY pair suggests a potential for slight bearish movement. Key fundamental factors, including recent US and Japanese economic data and central bank positions, seem to favor a downside bias. Let’s examine these drivers in detail to provide a comprehensive view for traders and investors monitoring the USDJPY. 1. Federal Reserve’s Dovish Tone The US Federal Reserve’s latest communication indicates a cautious approach, with market participants widely expecting the Fed to maintain its current interest rate. This dovish tone, coupled with moderating US economic data, could weaken the US Dollar. If the Fed holds rates or hints at potential rate cuts in 2024, this could weigh on the USD, providing room for JPY strength against the Dollar. Consequently, the market’s perception of a less aggressive Fed policy may contribute to the USDJPY pair’s bearish bias today. 2. Bank of Japan’s Evolving Stance The Bank of Japan (BoJ) has recently shown signs of potentially moving away from its ultra-loose policy stance. Governor Kazuo Ueda’s comments have signaled a potential shift in monetary policy, raising speculation around adjustments in yield control measures. Any further tightening of Japanese yields or gradual normalization signals may strengthen the JPY as Japanese bond yields rise, attracting capital inflows. This shift, however gradual, could support a stronger JPY, thereby pressuring USDJPY downward. 3. Japanese Economic Resilience Japan’s economy has recently demonstrated steady resilience, with improved inflation data aligning closer to the BoJ’s targets. Stronger-than-expected inflation readings and positive manufacturing activity lend support to the JPY. The BoJ’s confidence in these indicators may reinforce market sentiment that Japan is on a steady path to growth. Consequently, with USD expected to remain relatively soft, this positions the JPY more favorably in the USDJPY pair, reinforcing today’s bearish outlook. 4. Risk Sentiment and Safe-Haven Flows In today’s mixed risk sentiment environment, safe-haven assets like the JPY often become more attractive. Investors may favor the JPY in times of global economic uncertainty or as geopolitical events unfold. As the US Dollar is pressured by softer economic indicators, the JPY’s safe-haven appeal may drive demand, contributing to USDJPY’s bearish tendency today. Conclusion In conclusion, the USDJPY pair shows potential for a slight bearish bias today due to the Fed’s cautious stance, the BoJ’s gradual policy evolution, resilient Japanese economic data, and safe-haven flows favoring the JPY. Traders may find it beneficial to watch these fundamental factors closely, as they provide critical insights into USDJPY’s likely direction. Keywords: #USDJPYanalysis, #USDollar, #JapaneseYen, #USDJPYbearishbias, #ForextradingNovember12024, #FederalReservepolicy, #Bankof Japanstance, #JPYstrength, #Safehavencurrency, #Forextechnicalanalysis, #Japaneseinflationdata, #Forextradinginsights.
Short
by PERFECT_MFG