U.S. Dollar / Japanese Yen forum
USDJPY my set up for long :)
USDJPY yes Keep dropping 🫳
USDJPY possible outcome, price has completed 100fib double top. we could see a retracement down to 144.426. before price going up again, or from this level we could see price bouncing up at 145.200. or if we flip the the fib that magical 38fib is waiting to be tested. we wait and see 1hr tf
USDJPY There’s no fundamental reason for this to go down, but momentum is momentum.
USDJPY lets buy again 145.200 145.000 SL 144.800 TP 145.500 145.900 146.200 146.800
USDJPY Fundamentally, risk appetite is positive, and JPY is facing selling pressure.
The Japanese yen weakened past 145 per dollar, hovering near a one-month low as the U.S. dollar strengthened with improving global trade sentiment and diminishing expectations of near-term U.S. rate cuts. The greenback gained momentum after President Trump announced a preliminary trade deal with the UK, the first since broad U.S. tariffs were introduced last month. He also signaled that tariffs on China could be eased, depending on the outcome of high-level trade talks set for this weekend in Switzerland.
Adding pressure on the yen, Fed Chair Powell dismissed the idea of a preemptive rate cut, citing persistent inflation risks and labor market concerns. In Japan, personal spending rose more than expected in March, suggesting resilience in consumption, though a third straight monthly drop in real wages highlighted broader economic challenges.
Resistance stands at 145.90, with further levels at 146.75 and 149.80. Support is found at 139.70, then 137.00 and 135.00.
USDJPY 145.094 buying to the topUSDJPY SL hit 🙏 let's wait for recovery
USDJPY The buys are not looking good .. very close to hitting my SL :( and wiping out my profits from yesterday .. dang it