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$USDJPY Carry trade unwind to continue? $131-108 targetsFX:USDJPY looks like it's set to fall further here. Equities took a hit when USDJPY went from 152 to 142. Now you can see that price rallied back up into resistance at 148, rejected it and looks set to fall more unless price can recover that 148 resistance. I could see another move down into that 131 level, however, there's a possibility that price can fall much more than that. I could potentially see a move all the way down to 115 -108 before price finds support. Those levels would be a successful retest of the bottoming structure price broke out from. After those levels get tested, then I think USDJPY will enter a long-term bull market. Let's see how this plays out over the coming months.
Short
by benjihyam
Potential bullish rise?USD/JPY is reacting off the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could rise from this level to our take profit. Entry: 145.50 Why we like it: There is an overlap support level which lines up with the 50% Fibonacci retracement. Stop loss: 142.10 Why we like it: There is a pullback support level. Take profit: 149.39 Why we like it: There is a an overlap resistance level. 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
Asian Currencies May Stall as Jackson Hole Looms Investors will be watching a series of key Asian central bank decisions and inflation reports this week, as regional currencies rally to annual highs. The Bank of Korea is set to announce its rate decision on Thursday, followed by inflation data from Japan and Singapore on Friday. The U.S. dollar's slide resumed from last week, with markets embracing a risk-on sentiment. The yen climbed past 146 per dollar, marking its strongest level in nearly two weeks. Further selling could open up the 140.450 mark. However, Bank of America sees the upcoming Jackson Hole symposium as a game-changer, with Fed Chair Powell possibly striking a more hawkish tone, which could strengthen the dollar. This could make the Asian currencies trades interesting considering the risk-on sentiment that has helped push them to multi-month and yearly highs. The South Korean won has surged to a five-month high, as the central bank is unlikely to cut interest rates this week. The BOK is expected to maintain its policy rate at 3.50%. The Singapore dollar has also extended its gains, reaching an 18-month high.
by BlackBull_Markets
JPY, key to all other indexesJPY vs USD, key to the other index developments. As long as it holds its trendline, JPY will remain week vs the other global currencies, Japan exports will hold, carry trade arbitrages won't unwind, US bonds will not sell off (rising yields), volatility will remain contained. But if it breaks and doesn't hold the 139JPY/$, we could witness how algos start dumping US and Euro shares and bonds. Rising JPY should also affect the Nikkei 225, retaking the path to 30k
Short
by j_arrieta
2
Bullish reversal?EUR/JPY is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 159.97 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Stop [ loss: 157.59 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Take profit: 164.87 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. 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
Bullish reversal?USD/JPY is falling towards the pivot which aligns with the 50% Fibonacci retracement t and could reverse to the 1st resistance which has been identified as a pullback resistance. Pivot: 145.58 1st Support: 143.99 1st Resistance: 149.29 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
How to track the US dollar's direction?A lowering of U.S. interest rates may be necessary, but the downside risk is a weaker USD. And a significantly weaker dollar may cause inflation to creep back up again. Today, I will share a little hack on how to track and preempt the U.S. dollar’s direction. To conclude: Long-term - Down Mid-term - Range to a breaking point Currencies Futures and Options Minimum fluctuation: 0.00005 per AUD increment = $5.00 0.00005 per CAD increment = $5.00 0.00005 CHF increment = $6.25 0.000050 per Euro increment = $6.25 0.0001 per GBP increments = $6.25 0.0000005 per JPY increment = $6.25 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME:6J1!Long
by konhow
2
Bearish drop?USD/JPY is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 149.38 Why we like it: There is a pullback resistance level. Stop loss: 151.90 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. Take profit: 146.29 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. 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.
Short
by VantageMarkets
1
Bullish momentum to extend?AUD/JPY is falling towards the pivot and could reverse to the 1st resistance which acts as a pullback resistance. Pivot: 97.55 1st Support: 95.12 1st Resistance: 101.33 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
Important close for USD/JPY as bullish signals emerge Friday’s close looms as particularly important for USD/JPY with a break back above the Jan 2023 uptrend setting the platform for potential further upside next week. As things stand, another leg higher will fulfill the criteria to meet a morning star pattern on the weekly timeframe, adding to the case for setting longs with bearish momentum also starting to ebb. A close around these levels would create a decent bullish setup, allowing for traders to buy the break with a stop below the former trendline for protection. As for topside targets, 150.90 and 151.95 loom as viable options. From a fundamental perspective, USD/JPY has a rolling daily correlation with US two-year bond yields of 0.97 over the past month, implying the two variables are basically moving in lockstep. With little US data on the calendar next week to shift sentiment on the economy, that provides room for recent moves to extend further in the days ahead. The biggest risk to the setup would be a major escalation in tensions in the Middle East or unlikely extreme dovish shift from Fed policymakers at the Jackson Hole economic symposium next week. DS
Long
by FOREXcom
1
GBP/JPY Set for Bullish Continuation Above 188.290" GBP/JPY Analysis The price is expected to remain in the bullish zone as long as it trades above 188.290, with bullish momentum supported by strong liquidity. Bullish Scenario: As long as the price stays above 188.290, and particularly above 189.100, the direction is expected to remain upward, targeting 191.580. Bearish Scenario: A reversal and stabilization below 188.290 would signal a bearish trend, potentially driving the price down to 186.370. A further decline below this level would confirm a downward movement. Key Levels: - Pivot Line: 189.200 - Support Levels: 188.290, 186.370, 184.115 - Resistance Levels: 190.150, 191.580, 193.250 Tendency: Upward Movement
Long
by SroshMayi
Overlap support ahead?EUR/JPY is falling towards the support level which is an overlapa support that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 159.49 Why we like it: There is an overlap support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 157.256 Why we like it: The3re is a pullback support level which aligns with the 61.8% Fibonacci retracement. Take profit: 164.87 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. 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
Bullish reversal off overlap support?USD/JPY is falling towards the pivot which has been identified as an overlap support and could reverse to the pullback resistance. Pivot: 145.48 1st Support: 142.06 1st Resistance: 149.30 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 off overlap support?USD/JPY is falling towards the support level which is an overlap support that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 145.89 Why we like it: There is an overlap support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 142.93 Why we like it: There is a pullback support level. Take profit: 149.42 Why we like it: There is a pullback resistance level. 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
USDJPY 6H / Will Speculators Rebuild Yen Shorts Amid Volatility?Will Speculators Rebuild Yen Short Positions? Recent CFTC data on FX positioning reveals that the net short positions on the Japanese yen (JPY) have decreased for the fifth consecutive week, dropping to 11,354 contracts as of August 6. This marks the lowest level since March 2021, coinciding with the USD/JPY decline to a nine-month low of 141.67 on the EBS platform. Just a month earlier, when USD/JPY was near 162, the net yen short positions had reached 184,233 contracts, the highest in 17 years. The recent unwinding of JPY shorts presents a clean slate for speculators who anticipate a repeat of the price action seen after a similar yen-funded carry trade unwinding in late 2023, which drove USD/JPY down to around 140. Market Volatility and Key Levels Bullish Scenario: To confirm a bullish trend, the price must stabilize above 147.825, with potential targets at 149.860 and 150.775, indicating a strong breakout. Bearish Scenario: The bearish trend remains in place as long as the price trades below the pivot line at 147.825, targeting 146.330 and 144.900. Key Levels: - Pivot Line: 147.825 - Resistance Levels: 148.825, 149.860, 150.770 - Support Levels: 146.350, 144.900, 142.400 Expected Movement Range: The price is anticipated to fluctuate between 148.830 and 144.900. previous idea:
Short
by SroshMayi