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Usd-jpy

USDJPY: Still waiting for BoJ InterventionI don't believe the BoJ have gotten involved yet, or if they have it's going under the radar. I believe this pair has only slipped due to USD retracement following the NFP and softer labour market data last week. With retailers now net short I think that we'll see another push back up. We have broken my rising wedge line related idea, however unless we break below 1.487 then we're still in the uptrend. I now see it as unlikely we'll get to 154 and the BoJ intervention will surely come if necessary (it may not need to if USD keeps falling). Overall no confirmation of reversal so I'm long again when I et the LTF signal, but setting 151.65 as the target with tight SL (and will keep moving it up) as I don't want to get caught in a buy up here. Let's see what this week brings.
Long
by Finchcliffe
USDJPY - Potential Bearish move comingOn Monday, the exchange rate of the Japanese Yen against the US Dollar showed a positive trend, reflecting a more optimistic market sentiment. Looking at the short-term picture, it's important to note that the current uptrend is getting close to a potential reversal point. If we see a break below the key level of 148.80, which was the low on October 30, it could indicate a shift in momentum toward the bearish side. This level represents the last major lower high in the short-term uptrend. When we examine the 4-hour chart from Monday, it appears to resemble a bear flag pattern, suggesting the possibility of a downward breakout and a challenge to those recent lows. On the daily chart, which provides a view of the medium-term trend, the pair is still in an uptrend, and we should continue to monitor the 148.80 level closely. If it holds, a recovery remains a plausible scenario. In the grand scheme of things, it's important to remember the saying, "the trend is your friend." For USD/JPY, the short, medium, and long-term trends are all still bullish, indicating that the odds favour further upside in the future. If the pair manages to break above the 151.93 level from October 2022, which marked a 32-year high, it would provide confirmation of the uptrend, and our next targets could be at round numbers like 153.00, 154.00, and 155.00, among others. However, at this moment, we believe this is unlikely to happen until we witness a significant drop or pullback, which could potentially begin this week. The Japanese Yen (JPY) experienced a decline against most other currencies on Monday, in line with the overall positive market sentiment that favours riskier currencies over safe havens like the Yen. This short-term weakness aligns with the broader trend. Since 2021, the Japanese Yen, as measured by the FXCM Index against a basket of peer currencies, has depreciated by more than 33%. The primary reason for this weakness was the Bank of Japan's policy of maintaining sub-zero interest rates, while many other central banks were raising rates to combat inflation. Global investors typically prefer to invest where they can get the highest risk-free returns, leading to a preference for other currencies at the expense of the Yen. More recently, with signs that many central banks have reached or are approaching peak interest rates, the interest rate differentials that worked against the Yen may be narrowing. If the Bank of Japan continues to normalise its policy and other central banks stop raising rates or even begin to reduce them, we could see a potential recovery in the Yen. We'll keep an eye on how this develops!
by financialflagship
USDJPY possible expansionAfter consolidating for some time, price eventually broke structure to the upside where it preceded to retrace halfway in(forming the second point of our much needed liquidity) before breaking structure again with momentum. With this price has established the necessary requirements for us to consider a buying opportunity to catch the expansion upwards since the pair has been moving in a bullish orderflow for some time now. An established demand zone below liquidity could be price's most discounted point, so an expansion off it is possibly probable.
Long
by BlackTygaTrades
A LONG Spike AGAIN. Quo Vadis?This pair has again witnessed another long spike. A second spike in about 3 weeks. With this spike, a lot of traders are likely to get confused about the next direction in which the market is expected to go. So let's give it a try. Before the spike, we witnessed how prices rallied in a systematic manner. This rally was strong enough to turn the 4 hour the 1 hour and even the daily charts from their hitherto bearish trends and set them all on bullish swings. With the bulls taking the day on these 3 timeframes, we can say with a certain amount of certainty that the market is bullish and we will be expecting to see higher prices. The market is currently dipping. We will consider that dip a retracement, which is helping move prices into our PB. Price is already in our PB, and now we are waiting for price to come into our zone, from where we will be looking to trade. Our target will be the 1 hour and 4 hour liquidity target, which is actually a confluence.
Long
by PanzyPips
USDJPY BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
6
Bearish Way to GO...From our yesterday's analysis, we saw a possiblity of this pair going Bearish on the 1 hour chart, while still looking overwhelmingly Bullish on the 4 hour. Today, looking at the 4 hour chart, we can see that there is a change in direction. The pair now has a Bearish perspective on the 4 hour chart. Price has retraced bullish into our Panzy Pips Block (PB), from where we expect Bearish reversal. We are open to the possibility of price reaching further up for our zone as marked out on the chart. With price expected to dip lower, we have our eyes and early trade setup focused at the 4 hour
Short
by PanzyPips
USDJPY Short-term buy signalThe USDJPY pair hit our early September target (see chart below) of 150.00, extending the bullish trend within the long-term Channel Up: The price remains above the 1D MA50 (blue trend-line) since July 31 and the bullish flag formed on the 1D RSI indicates that we will have another short-term bullish leg towards the top (Higher Highs trend-line) of the Channel Up. We targeting 153.000 (+3.95% rise from the recent Low, similar to the previous leg). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDJPY: The Short - when??I think that retail traders in the main are expecting this pair to crash from 150, I have been, and it may well do (as per my related idea below)... Commentators and past experience suggests that the BoJ will intervene around 150 to 151.5 because they have to, due to the debt relationship with the USA, they're stuck between a rock and a hard place. We all know what happens when retailers think they know best...I'm starting to think that we'll push higher to 154 before the dump. I think the current global conflict will help the USD get there, but that level will be unsustainable for Japan so will come back down with a bang. In the meantime I'm still day trading up and down and catching some moves on this pair, but I'm starting to think the big one is a little way off yet, let's see...
Short
by Finchcliffe
Bank of Japan's Dovish Line Pushes Yen DownSTRATEGY LONG TARGET 175USD YEN The market thinks the Bank of Japan’s new governor is negative for the yen and a plus for stocks, at least based on his first policy board meeting. In fact, the headline NFP print showed that the US economy added 253K new jobs in April against 179K anticipated, offsetting the downwardly revised reading of 165K. Adding to this, the unemployment rate unexpectedly fell to 3.4% during the reported month from 3.5% in March, which assists the US Dollar (USD) to regain strong positive traction and provides a goodish lift to the USD/JPY pair. Apart from this, a positive turnaround in the global risk sentiment - as depicted by a goodish recovery in the equity markets - undermines the safe-haven Japanese Yen (JPY) and further contributes to the bid tone surrounding the USD/JPY pair. That said, the Federal Reserve's (Fed) less hawkish stance holds back the USD bulls from placing aggressive bets and keeps a lid on any further gains, at least for now. Nevertheless, the USD/JPY pair, for now, seems to have snapped a three-day losing streak and stalled this week's sharp retracement slide from the 137.75-137.80 region, or a two-month high. Spot prices, however, remain on track to register losses for the first time in the previous four weeks. This makes it prudent to wait for strong follow-through buying before placing fresh bullish bets around the major. After Gov. Kazuo Ueda presided over his first meeting, the bank emphasized that it would continue monetary easing to support growth in wages and prices. That was enough to persuade market players that an interest-rate increase isn’t in the cards soon. Late Friday in Tokyo, the yen was trading at around 136 to the dollar, compared with around 134 to the dollar before the central bank’s midday decision. The USD/JPY pair catches aggressive bids during the early North American session and jumps to the 135.00 psychological mark in reaction to the stellar US monthly employment details. USD BULLISH When the dust settles, the Fed is set to continue raising rates US to have permanently higher rates than elsewhere Re-acceleration of inflation and its win over the Fed will continue to catch the market by surprise The Dollar is higher for longer, alongside the Fed’s narrative Stagflation to take USD even higher Hot CPI means the Fed pivot is well beyond the horizon Ugly inflation promises further flight to safety US at war means a stronger dollar Outlook for Fed monetary policy now more hawkish Powell projects pain, higher rates for longer set to keep the dollar bid There is no alternative to the US dollar No recession for America's labor market, more dollar gains eyed Fed Chair Powell prioritizes fighting inflation, and ready to see negative growth
Long
by DaveBrascoFX
59
USD/JPY - At Risk of Falling to Bull Channel SupportUSD/JPY showed a strong sign of bear pressure on Tuesday last week when the JPY ripped to the downside for a brief moment. At this stage of a bull run, this is likely a sign of weakness and a reversal to the downside lurks. My recent DXY analysis shows the potential for a fall below its 106.000 support, and the JPY analysis shows signs of a reversal to the upside. The Weekly candles still hover above the the 9EMA at a price of 147.300. If the price makes contact with and bounces off of the 9EMA, then we have confirmed more bullish action which will set my sights for the previous high resistance at 152.000. The RSI is touching the overbought line, but there is still room for more action to the upside. A Weekly candle closing below the 9EMA is a strong bear signal and may indicate a minor pullback is in order. Price targets in this scenario put us at 145.000 where the price last touched the top of the bull channel and puts us back at the bottom of the bull channel. With the RSI touching the overbought line, there is plenty of room for a move to the downside. Longs at this stage on this timeframe are risky. I would focus on lower timeframes such as the 4HR and look for a bounce off of the 200EMA to the upside. Trade wisely and let us know what you think in the comment section below!
by TraderEngineering
3
USDJPY 9/10/23US dollar to the Japanese yen showing us the same as most of our other US dollar correlated pairs which is a major gap at market open in this case we open low and we have stayed low since we have technically fulfilled the gap and fulfilled the low of the open itself so overall we should be set for some more true directional price action of course it is AUS bank holiday so we're not expecting anything huge as stated in our other markups we are going to be looking more towards Tuesday rather than Monday session, Collectively we are going to have a swing range high if we break this 5 minute range down if that happens we can then confirm a bullish bias for this pair but at the moment I am thinking that we may break lower and make internal price action which will eventually overrule the bullish swing narrative that we have until that happens we'll follow what price action shows us and we'll continue to read what price is telling us. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
USDJPY - Getting Over-Bought ❗️ AgainHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDJPY has been overall bullish trading inside the rising broadening wedge pattern in red, however it is currently approaching around the upper trendline. Moreover, the zone 150.0 is a resistance zone and strong round number. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. As per my trading style: As USDJPY approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
8
USDJPY, Several TRIANGLE-Formations, Point to a Final BREAKOUT!Hello There! Welcome to my newest analysis of USDJPY from several timeframe perspectives. From the weekly timeframe perspective, USDJPY is continuing to form new higher highs since the bounce lows were seen at 128.5 in January 2023 the uptrend is aiming for the next stages and already formed several uptrend lines. The several uptrend lines that USDJPY already established are pointing to the trend acceleration above these lines. Now, from the weekly timeframe perspective, USDJPY is approaching the upper resistance zones and once a breakout above these zones emerges a continuation above the areas will be almost inevitable. From the daily timeframe perspective, USDJPY already completed the ascending triangle formation and activated the target zones of 153.1 within the whole structure, especially as USDJPY completed the main dynamic of the ascending triangle formation on the daily timeframe perspective these targets are going to be reached with the trend acceleration ongoing. Recently USDJPY already completed the confirmational setup with the bull flag formation above the upper boundary of the daily ascending triangle formation that is marking the origin of the trend acceleration and the major wave C to continue moving forward into the upper target zones. From the 4-hour timeframe perspective, USDJPY is now continuing with a similar ascending triangle formation as it already formed within the daily timeframe perspective. A completion of this ascending triangle formation is going to confirm a stronger target projection which will be a dobule confirmation together with the formation on the daily timeframe perspective. The targets of the ascending triangle formation on the 4-houe timeframe perspective will be within the 151.5 area, nonetheless, once these areas have been reached there is a high potential given that the USDJPY price action just accelerates to the next targets above the zone. When considering all timeframes together, USDJPY is forming one ascending triangle formation within each timeframe. With the price action reaching out to the target zones of the ascending triangle formations marked by the daily and 4-hour chart, this is going to activate the confirmation completion of the major global ascending triangle formation that is forming within the weekly timeframe perspective. With the completion of the major global ascending triangle formation, minimum targets of 170 will be activated. In this manner, thank you everybody for watching my analysis of USDJPY. Support from your side is greatly appreciated. VP
by VincePrince
14
USDJPY, Major Broadening-Wedge, Breakout Incoming, Targets!Hello There! Welcome to my new analysis of USDJPY from the 2-hour timeframe perspective. As recent massive market alterations indicate major volatility is going to emerge especially for Forex Pairs trading against the USD such pairs can offer worthwhile trading opportunities when the necessary setups arise. Of course, a trader, or investor should not move into the market without the necessary advocation consideration. Especially, as the DXY recently showed great upside strength this is setting up an important volatility indication for a pair such as USDJPY, and as I detected now there are important formational structures that are likely to convert the whole setup into a primary setup opportunity as I am also monitoring the pair in the data dashboard. Major Bullish Broadening-Wedge-Formation and Breakout-Indications: When looking at my analysis, the most important part in my analysis is the broadening-wedge-formation USDJPY is now building up. As it is seen in my analysis the USDJPY pair already bounced to several new highs within the whole chart. This already marked a great trend-determination with further potential to increase in probability the more signs are spotted. What is so important here is that USDJPY greatly bounced above the local descending-support-line and is now building up exactly above this support matching with the 65-EMA. Above these supports USDJPY is now forming the broadening-wedge-formation as it is seen in my analysis with the wave-count within the formation already completed and the price-action to aim for a final breakout in the next times. Upcoming Perspectives, Target-Zones, and Further Determination-Factors: Currently, USDJPY is already bouncing several times into the upper boundary of the broadening-wedge-formation which indicates that the breakout is likely to arise. Once the breakout has shown up this will be the final completion setup of the broadening-wedge-formation as it is marked in my analysis. Once the setup has shown up this will activate two major target zones. The first target zone is within 149.25 level and the second target-zone is within the 150.71 level. Once the breakout has shown up these target zones are likely to be reached in the schedule, especially with a further declining U.S. CPI and the continuation of a massive bullish paradigm within the DXY the preceding wave-expansion will have an enormous effect on the USDJPY pair as well. In this manner, thank you everybody for watching my analysis about USDJPY. Support from your side is greatly appreciated. VP
by VincePrince
22