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Usd-jpy

USDJPY turned around from its high levelUSD/JPY first tried to fall back yesterday after the U.S. economic data was released. The data suppressed the US dollar, while some safe-haven funds entered the Japanese yen. The USDJPY turned around from its high level on March 8 and closed down for the first time in four days. It continued to fall in the Asia trading session. Potential, pay attention to the current consolidation near the 136 mark. During the day, it will focus on the Fed’s decision to see the hike rate journey. Suppose Fed’s hike rate continuously, the USDJPY would return to the 137 level and try to test the 138 mark. Technically, the USDJPY breaks the 135.03 support and may test 134.20 support.
by ATFX_Global
Looking to buy USDJPYOur trade relies on fundamental analysis, and technical analysis only serves as our entry point. Currently, the US is undergoing a process of quantitative tightening. The upcoming FOMC meeting is expected to result in a 25 basis point rate increase. A rate increase of 50 basis points or continued rate hikes would be seen as a hawkish signal. Meanwhile, Japan is maintaining its monetary easing policy, and the new BOJ governor, Ueda, announced in a recent speech that they plan to slowly continue their yield curve control to support a healthy economy. This has led us to take a long-term dovish stance on the JPY. Shifting our focus to the technical analysis, We are currently awaiting a retracement to the 61% Fibonacci level. However, we should remain vigilant as there is a possibility that the price may reject the 134.78 level. We are also waiting to retest the trend line and the demand zone.
Long
by keechi
USD JPY - FUNDAMENTAL DRIVERSThe dollar is expected to fall and the yen rise. Risk aversion prevailed in March on credit concerns about US regional banks and a major European bank, with the dollar/yen pair trading with a heavy topside to drop below 130 yen. Excessive concerns about the US financial system then eased on news that some regional banks would be bought out, so the dollar was bought again. However, the pair’s rally was quite muted compared to its rally towards 135 yen after the release of the US February consumer price index (CPI) data. With President Biden also saying the banking crisis was still not over, it seems this rally was merely due to a slight withdrawal of ‘excessive concerns,’ with investors still worried that tougher banking regulations might act as a new risk-off factor. Furthermore, though FRB chair Jerome Powell has said he envisages one more rate hike this year, the markets are split evenly when it comes to pricing in another hike, so it seems there are concerns about the negative impact of tightening on the financial environment. The Bank of Japan (BOJ) will also be meeting to set policy for the first time under its new structure at the end of April. Most observers believe the BOJ will stick to the status quo for now, but it is also possible the BOJ might announce a policy shift. Investors are starting to focus on FRB rate hikes, so if a BOJ policy shift does seem more likely, market participants will then focus on a future shrinkage of Japanese/US interest-rate differentials. Based on the above, it seems the dollar/yen pair will be susceptible to more downward pressure in April. However, the US also released some firm economic indicators in March. Inflationary pressures also remain high, as evinced by a comment by a FRB official that “inflation is still too high.” US interest rates rose and the dollar was bought at the start of March on hawkish comments by FRB chair Jerome Powell. Controlling inflation remains the FRB’s number one priority. With Mr. Powell also commenting that “the ultimate level of interest rates is likely to be higher than previously anticipated,” some observers believe it is too early to start talking about rate cuts. With concerns about the financial system smoldering away, market participants will be focusing on comments by FRB officials ahead of the May FOMC meeting as they try to gauge the direction of monetary policy.
Short
by thunderpips
A potential bullish uptrend for USD/JPY Currently, I am observing a potential bullish uptrend in the USD/JPY market, indicating that the price of the pair is likely to continue to rise under 61% my Fib level or to breakout for continuous short breakdown to 39mins chart during opening of London session. NOTE : It's important to keep in mind that relying on a single indicator cannot guarantee profitable trades as the market is constantly changing and unpredictable and consider other important factors such as fundamental analysis, market sentiment, and risk management when making trading decisions. Keep safe and Happy Trading 🙏
Long
by HeikenXin
Potential to go long... But need Confirmation Just wanted to share my humble opinion and correct me if I'm wrong... Base on my technical analysis USD/JPY will continue to go up as Bull 🐂 uptrade... NOTED : Relying on a single indicator cannot ensure profitable trades, as the market environment is always changing and uncertain. To make sound trading decisions, it is essential to take into account other important factors such as fundamental analysis, market sentiment, and risk management. Keep us all safe and Happy Trading!!
Long
by HeikenXin
USD JPY - FUNDAMENTAL DRIVERSThe dollar is expected to fall and the yen rise in April. Risk aversion prevailed in March on credit concerns about US regional banks and a major European bank, with the dollar/yen pair trading with a heavy topside to drop below 130 yen. Excessive concerns about the US financial system then eased on news that some regional banks would be bought out, so the dollar was bought again. However, the pair’s rally was quite muted compared to its rally towards 135 yen after the release of the US February consumer price index (CPI) data. With President Biden also saying the banking crisis was still not over, it seems this rally was merely due to a slight withdrawal of ‘excessive concerns,’ with investors still worried that tougher banking regulations might act as a new risk-off factor. Furthermore, though FRB chair Jerome Powell has said he envisages one more rate hike this year, the markets are split evenly when it comes to pricing in another hike, so it seems there are concerns about the negative impact of tightening on the financial environment. The Bank of Japan (BOJ) will also be meeting to set policy for the first time under its new structure at the end of April. Most observers believe the BOJ will stick to the status quo for now, but it is also possible the BOJ might announce a policy shift. The Japanese March CPI data is also set for release on April 21. If this points to stronger-than-expected inflationary pressures, a policy tweak/shift will become a more realistic possibility. Investors are starting to focus on FRB rate hikes, so if a BOJ policy shift does seem more likely, market participants will then focus on a future shrinkage of Japanese/US interest-rate differentials. Based on the above, it seems the dollar/yen pair will be susceptible to more downward pressure in April. However, the US also released some firm economic indicators in March. Inflationary pressures also remain high, as evinced by a comment by a FRB official that “inflation is still too high.” US interest rates rose and the dollar was bought at the start of March on hawkish comments by FRB chair Jerome Powell. Controlling inflation remains the FRB’s number one priority. With Mr. Powell also commenting that “the ultimate level of interest rates is likely to be higher than previously anticipated,” some observers believe it is too early to start talking about rate cuts. With concerns about the financial system smoldering away, market participants will be focusing on comments by FRB officials ahead of the May FOMC meeting as they try to gauge the direction of monetary policy.
by thunderpips
4
Spotting a potential buying opportunity in USDJPYThe USDJPY pair has started to form higher highs, indicating a short-term uptrend. This is further supported by the price moving above the 100 and 200 moving averages on the 4-hour timeframe, as well as the 100 moving average on the daily timeframe. Currently, the price has reached the upper edge of the upward channel and has shown reversal candles. We are waiting for the price to re-enter a buy zone that corresponds to the 61.8% Fibonacci retracement level of the last wave, which coincides with the 38.2% Fibonacci retracement level of the previous downtrend wave since March. Additionally, this buy zone is close to the convergence of the 100 and 200 moving averages on the 4-hour timeframe, the 100 moving average on the daily timeframe (in blue), and near the upward trend line and a local support level. If the price responds positively to these supports, the next target could be 134.9. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please follow if you're interested in more ideas like this. Your support is greatly appreciated!
by Candlestick_OB
USD/JPY set to extend Friday's rally?A divergent them is in play between the Fed and BOJ which could help it recover some more of last week's losses. BOJ governor Ueda reiterated the central bank's ultra-dovish stance whilst US 1-year consumer inflation expectations spikes 0.8% pct point and the Fed's Waller delivered his latest hawkish remarks (inflation remains too high and we've not done enough to fight it). A bullish engulfing candle formed on Friday, making a potential swing low around its YTD low and monthly S1 pivot point. The OBV (on balance volume) has broken to a new cycle high ahead of price action to suggest bulls have the upper hand. - The bias is for a move to the 134.50 resistance zone, a break above which brings 135 into focus. - If prices pull back, we'd look for evidence of a swing low between 133.20/50 around the weekly and monthly pivot points - This could also incre4ase the potential reward to risk ratio
Long
by CityIndex
USD/JPY breakdown. Expecting Uj to reach 134.500 - 134.600 level before making any sudden movements from price action. Price could make another retest near 133.800 for another buying opportunity. Decisions that were made from the federal revere last week will cause the buyers to keep pushing the dollar (DXY) in long positions. Overall, Uj is slowly breaking the resistance area that it has tested multiple times throughout the beginning of the year along with a strong uptrend-line. Place stops in appropriate areas that are suited to your trading capital.
Long
by GeoRiches
usdjpy could be a good buying opportunity📌 Potential BUY setup for USDJPY 👨‍💻 Technical: A lot of bullish momentum, weekly down, however, all other timeframes are moving up, recent daily break of moving averages suggests a further push to the upside. 🎯 For an ideal entry: There is a good chance that this trade would have a retracement back towards the moving averages before continuing further bullish pressure, so waiting might be an ideal entry at candlestick confirmation, giving you a better risk-reward in the long run.
Long
by FX-TradingLions
USDJPY | SELL SIGNAL!The USDJPY pair has been displaying a bearish sentiment in the recent trading sessions. The price action has been showing a consistent downtrend, with sellers dominating the market and pushing the price lower. This sentiment is further supported by increasing selling volume, indicating that traders are willing to sell at lower prices. Technically, the 50-day moving average is below the 200-day moving average, suggesting that the short-term trend is bearish and that the longer-term trend is also shifting towards bearishness. The Relative Strength Index (RSI) is also below the 50 level, which is considered a bearish sign. Market sentiment has been influenced by several factors, including concerns over the global economic recovery, geopolitical tensions, and changes in monetary policy by central banks. These factors are causing investors to shift towards safer assets such as the Japanese Yen, which is negatively affecting the USDJPY pair. Unless there is a significant shift in market sentiment or fundamental factors, such as positive economic data from the US or a hawkish shift in the Fed's monetary policy, we can expect the bearish sentiment to continue. However, traders should keep an eye on potential support levels to determine if the trend will break or if a reversal may occur.
Short
by percifying
1