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Usd-jpy

USDJPY One last rally before a correction.It's been almost 2 months since we looked into the USDJPY pair (see chart below) and our buy position right at the bottom of the Channel Up that easily hit its 144.500 target: The pattern is still holding and the price appears to be starting the final upward leg before it tests the top (Higher Highs trend-line) of the pattern. As a result, as long as the 1D MA50 is holding, we are bullish targeting 150.000 (top of Channel Up). If the 1D MA50 breaks, we will short-term sell towards the 1D MA100 (green trend-line). If the price closes below the 1D MA100, we will consider it a pattern bearish break-out and sell targeting the 1D MA200 (orange trend-line) and Support 3 at 138.100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
USDJPY 3/9/23Starting this week off with USDJPY on Friday we saw the NFP and other red folder USD news shift this pair higher and into a bullish range, now as always we don't want to just jump into a bullish range from a bearish pair. this doesn't me we wont trade the range it just means we are going to look into a more conserved methods to enter any buys. overall this move is provided by a shift from news so we are going to treat it like every news POI we come to within our trading days, confirm and protect. 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: Consolidation & The Next Bullish Move 🇺🇸🇯🇵 USDJPY is currently consolidating within a horizontal range. Taking into consideration the fact, that the pair is trading in a long-term bullish trend, probabilities are high that the market will resume the growth soon. Your confirmation will be a bullish breakout - a daily candle close above 146.6 - the upper boundary of the range. A bullish continuation will be expected to 148.0 level then. Alternatively, remember that the price may also drop from the underlined blue resistance and keep consolidating. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
USDJPY 27/8/23UJ honestly i don't have a huge amount to say about this pair or about this range, if you have looked over our other USD related pairs you will know the story by now. A news range with honestly a poor structure overall, liquid has built higher and lower meaning we may push up then shift lower, as you can see we have a reverse of our other USD pairs as in this case the USD is our primary. so you guys know what we are looking for, either a shift higher to give us a new range or a confirm entry for our NEWS created POI, on the other end we may have a sweep of our low to give us a bias the is opposite to what we have currently. 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
Is this the USD/JPY spring point? Looking at the Dollar vs. Yen on the higher timeframe going into this week looks like it could be in a perfect spot to catch some volume and ride a trend. When looking at multiple variables of the pair you can see reasons why I believe this may be time for the Dollar to fan its wings a little bit. Healthy trend is obvious to myself and my trading style, and to get into long positions I would be looking to attempt to fulfil a pullback that correlates with the previous two pull backs. If my prediction is right on this idea then we should pull right back into that recent bullish reaction and move to the upside. You can see the Fibonacci level drawn on the pair, and then the actual Dollar index and what I notice is a retracement backdown to the .50 mark until bullish momentum picked back up. The overlay printed is tracking higher value FRAMA areas and I have coded it to quit printing the overlay when the lines are crossing or overlapping to indicate an indecisive market and to keep out of "trend trades" in those conditions and focus more on a range strategy if I really must, and I see a trend trade opportunity rather than a retracement down to the range bottom. Even with heavy news last week, the Dollar stayed pretty strong in my own eye due to the fact some important numbers missed, and the impact was quickly recovered. I see this as high bullish impact, and we are in a big retail zone on a higher time frame bringing me to a bias being trapping traders in short positions slowly beginning of the week until the volume control is gained back and will go to take highs and create new ones. The Yen has been taking a beating and the bullish activity cant seem to hold when it does inject. I see a range if anything next week on the Yen index but if my analysis is correct we should see a lower high and a lower low created.
Long
by mbfxtrading
USDJPY: Rebound on the 1D MA50. Buy signal.USDJPY is on the third straight green 1D candle after a rebound on the 1D MA50 that has turned the 1D time-frame into healthy bullish levels (RSI = 60.603, MACD = 0.480, ADX = 30.898). This is technically a bullish continuation signal, with the 1D MACD after a Bullish Cross, resembling the bullish sequence of April. We are long, targeting the R3 level (TP = 146.800). If the price crosses under S1, we will short and target the S2 level (TP = 133.515). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
USDJPY 6/8/23Here on our UJ chart we have another sell range given to us but in this case we have a very choppy range and a WICK POI which is a clear indication that our range was created during news, overall we did sweep out our highs before breaking down which adds probability. NOW, we know our rules around news POIs are which is to stay safe and expect a slight deviation due to the orders creating this range have more than likely been shifted since its creation... knowing this we are going to look for a confirmation around our SWH zone to short this out, of course if we have news or any other price action indications we will calculate how we will enter this one. 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
UJ potential pullback upwards likely to bias short **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
USD/JPY: Fundamental Economic Analysis for Fri 8/4/23The recent decline in the value of the Japanese yen against the US dollar was halted at around 142.5 to the dollar as investors continued to assess the impact of the Bank of Japan's policy adjustment after it loosened its grip on interest rates and allowed the yield on 10-year Japanese government bonds to climb above the upper limit of 0.5%. Recently, the Bank of Japan allowed the yield on 10-year Japanese government bonds to go over the previous maximum of 0.5%. The Bank of Japan (BOJ) did not change its policy interest rates at its July meeting but did take steps toward more adaptable yield curve management. This was seen as a warning that it would not rigidly uphold the 0.5% maximum limit on the 10-year yield. If the Bank of Japan (BOJ) were to take an unexpected step for the first time since Governor Kazuo Ueda assumed office, it would likely promote wagering on the continuation of policy normalization. For months, investors have speculated that Japan's central bank, the only major one to adopt a dovish stance, could cave in the face of mounting pressure on the country's bond yields and currency from persistent inflation and rising global interest rates. Rising global interest rates have put pressure on Japanese yen and bond yields, leading to this conjecture. Following a credit rating downgrade in the United States and a major run-up in rates on United States Treasury securities, a wave of risk-off emotion swept through the market, sending the Nikkei 225 Index and the wider Topix Index down by week's end. Both the Nikkei 225 and the Topix Index rose on Friday, with the former ending the day at 32,193.3 and the latter at 2,275. Investors kept an eye on the yen and JGB rates while the Bank of Japan convened the previous week and made adjustments to the policy that governs the yield curve. Major components of the Nikkei 225 index posted gains on Friday, including Nippon Yusen (3.1%), Toyota Motor (1.3%), Mitsubishi UFJ (1.8%), SoftBank Group (0.7%), and Nippon Steel (1%). Meanwhile, despite reporting higher sales and operating profit for the second quarter, Nintendo's stock fell 2.9%. Sales at Keyence were down 0.4%, at Renesas Electronics they were down 4%, and at Fast Retailing they were down 0.3%. Following a credit rating downgrade in the United States and a major run-up in rates on United States Treasury securities, a wave of risk-off emotion swept through the market, sending the Nikkei 225 Index and the wider Topix Index down by week's end. Both the Nikkei 225 and the Topix Index rose on Friday, with the former ending the day at 32,193.3 and the latter at 2,275. Investors kept an eye on the yen and JGB rates while the Bank of Japan convened the previous week and made adjustments to the policy that governs the yield curve. Major components of the Nikkei 225 index posted gains on Friday, including Nippon Yusen (3.1%), Toyota Motor (1.3%), Mitsubishi UFJ (1.8%), SoftBank Group (0.7%), and Nippon Steel (1%). Meanwhile, despite reporting higher sales and operating profit for the second quarter, Nintendo's stock fell 2.9%. Sales at Keyence were down 0.4%, at Renesas Electronics they were down 4%, and at Fast Retailing they were down 0.3%. The final June Au Jibun Bank Japan Services PMI reading was 54.0, up from the flash print of 53.9. The indicator stood at 53.8 in July of 2023. Despite the services sector expanding for 11 straight months, the most recent figure was the worst since January. This was because new orders grew at their slowest pace in six months, while employment fell after rising for five months straight. For the first time in a year, the total amount of outstanding business fell, with the rate of fall being modest but the fastest seen since April 2022. The quantity of unpaid invoices has dropped for the first time ever. Meanwhile, demand from outside rose at one of the fastest rates recorded during the period, reflecting sustained overseas demand for travel and tourism. For the first time in three months, inflation had a role in driving up operational costs. Energy, fuel, raw materials, and wages might all have played a role in this increase. In conclusion, confidence did not decrease; nevertheless, optimism did fall to its lowest position in five months. The article cites Markit Economics as its reference. Final June 2023 Au Jibun Bank Japan Manufacturing PMI reading of 49.8 was below July 2023's revised reading of 49.6. The initial July 2023 flash reading was 49.4, however this was amended up to 49.6. Even while output and new orders have both been falling by small amounts, the most recent report indicated that industrial activity has contracted for the sixth time this year. For the sixth time since the new year began, manufacturing output fell. This was the slowest monthly decline in international sales in the previous nine months, despite the fact that international sales had dropped for the seventeenth straight month. The labor force has increased for the 28th consecutive month, and although job queues have been shrinking for the last 10 months, the pace of decline has slowed to its lowest point since October 2022. The current contractionary cycle was also stretched by one year due to the volume of purchases. The cost side had some of the smaller rises in input prices since February 2021, and the overall increase was about in line with the long-term average for the series. While the overall inflation rate remained high, the charged-price inflation was constant after hitting a 21-month low in June. With higher hopes for further demand improvement and the launch of novel new items, confidence is at its best point in the previous year and a half. The reference is to markit economics. ( The Au Jibun Bank Japan Manufacturing PMI is compiled by S&P Global from monthly survey responses from purchasing managers at a panel of more than 400 companies. The Japanese location of these buying managers. The flagship statistic is the Purchasing Managers' Index (PMI), which is a weighted average of the following five indices. Here are the relevant measurements: Incoming Orders (30%), Production (25%), Staffing (20%), Vendor Turnaround (15%), and Inventory (10%). The Suppliers' Delivery Times Index is inverted to make the PMI calculation easier. Because of this, its movements will be in sync with the other indexes. (The index may take on values between 0 and 100; any value over 50 implies expansion over the prior month, while any value below 50 suggests contraction.) In June 2023, Japan's unemployment rate declined to 2.5% from 2.6% in the previous month, which was in accordance with predictions made by market experts. The unemployment rate fell to its lowest level since January, with the number of unemployed falling to 1.73 million and the number of employed rising by 191,000 to 67.55 million. A total of 69.27 million Americans are now actively engaged in the labor force, up by 144,000 from a year ago, while the number of individuals not working fell by 60,000 to 40.98 million. The percentage of the population actively looking for work rose to 63.1% in June from 63.0% in the same month a year ago. The impact of seasons on this growth is unknown. The unemployment rate was 2.6% a year ago when we last checked. Meanwhile, in June, there were 1.30 job openings for every 1.31 job seekers, a decrease from May's 1.31 to 1.30. Since July of 2022, this is the lowest it has been. Initially, this information came from the Ministry of Internal Affairs and Communications. ( The spot exchange rate indicates the current value of one currency, in this case the US Dollar (USD), in reference to another, in this case the Japanese Yen (JPY). As opposed to the USDJPY forward rate, which is quoted and exchanged on the same day but delivered and paid for at a later date, the USDJPY spot exchange rate is quoted and exchanged on the same day. ) Taylor Norboge wrote and published this article on August 4, 2023 at 13:46 UTC.
Short
by TayFx
2