As we approach the final months of the year, it’s worth noting the impact of JPY repatriation, which traditionally occurs when Japanese investors pull funds back to Japan, boosting yen demand. This trend often leads to an appreciation in the Japanese yen, affecting currency pairs like 
USDJPY , as demand surges.
Historically, this phenomenon has triggered notable yen strength.
For example, last year saw USD/JPY fall by around 1,000 pips due to these repatriation flows. Assuming similar conditions prevail, we could anticipate another yen rally by this year's end.
Technical Overview of USD/JPY:
Currently, USD/JPY recently hit a high of around 154, moving into a key resistance area.
At the time of writing, the price hovers above the horizontal support level.
A decisive break below it could indicate a bearish “false break,” potentially signaling a larger downside move.
Should the downtrend persist, potential targets could be set at:
- Slightly under 150,
- Followed by further support at 147,
- And ultimately, a critical support at 141.
USDJPY , as demand surges.Historically, this phenomenon has triggered notable yen strength.
For example, last year saw USD/JPY fall by around 1,000 pips due to these repatriation flows. Assuming similar conditions prevail, we could anticipate another yen rally by this year's end.
Technical Overview of USD/JPY:
Currently, USD/JPY recently hit a high of around 154, moving into a key resistance area.
At the time of writing, the price hovers above the horizontal support level.
A decisive break below it could indicate a bearish “false break,” potentially signaling a larger downside move.
Should the downtrend persist, potential targets could be set at:
- Slightly under 150,
- Followed by further support at 147,
- And ultimately, a critical support at 141.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.