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Usd-jpy

USD JPY - FUNDAMENTAL DRIVERSWhile the yen underperformed during the global monetary tightening phase, in our view the currency will likely outperform as tightening cycles eventually come to an end and central banks turn to easing. Yen outperformance over time should also be supported by U.S. recession as well as recent actions by the Fed, which have made U.S. dollar liquidity more readily available. And while the likelihood of a hawkish Bank of Japan (BoJ) monetary policy shift has perhaps diminished a little, if the global financial sector proves surprisingly resilient, the risk of a further policy adjustment from the BoJ could still reinforce the outlook for yen gains over the medium term as well.
by thunderpips
USDJPY Reached our target. Critical move ahead.The USDJPY pair hit the sell target we set on our February 28 analysis as it got rejected on the 138.210 Resistance and dropped back to the (dashed) Higher Lows trend-line: As long as this trend-line holds, it is more likely to see one more rebound first to the 1D MA50 (blue trend-line) for short-term traders and then to the 1D MA200 (orange trend-line) for medium-term traders. A closing (1D candle) below the dashed trend-line, will be a sell break-out signal for us and we will take the small loss on the buy and target instead the January 05 2021 Higher Lows trend-line. Similarly, a closing (1D candle) above the 138.210 Resistance will be a buy break-out signal, targeting Resistance Zone 1. Notice the 1D RSI being on a Higher Lows trend-line of itself. A rebound or break below it respectively enhances the probabilities of buy and sell trades respectively. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
USDJPY Fundamental Analysis | 03/23/23On Thursday, the Japanese stock market experienced a decline as the Nikkei 225 Index fell by 0.17% to close at 27,420 points, and the broader Topix Index dropped by 0.29% to 1,957 points. This reversal was due to Wall Street's negative trend, following the Federal Reserve's decision to raise interest rates by 25 basis points. The Fed Chair Jerome Powell indicated that there will not be any rate cuts this year, and if needed, rates may rise higher than expected. This decision affected financial stocks as Treasury Secretary Janet Yellen informed lawmakers that the US government was not planning to provide a "blanket insurance" for bank deposits. Moreover, Japanese manufacturers remained pessimistic for the third consecutive month in March due to concerns about slowing global growth, which could affect the country's export-heavy industries. As a result, financial, healthcare, and technology stocks experienced losses, with Mitsubishi UFJ (-1.4%), Takeda Pharmaceutical (-2.6%), and Keyence (-1.6%) being among the hardest hit. The Japanese yen strengthened to 131 per dollar, the highest in 5 weeks following the US Federal Reserve's rate hike decision. During the press conference, Fed Chair Powell explained that the pause in hiking rates was to address the banking crises. On the domestic front, the Bank of Japan's minutes from its January meeting indicated that members reiterated the need to maintain ultra-easy policies to achieve the 2% inflation target in a sustainable and stable manner. In this regard, the BOJ left its policy of ultra-low interest rates unchanged this month at Governor Haruhiko Kuroda's final policy meeting before his retirement. Looking ahead, Trading Economics global macro models and analysts expect the Japanese Stock Market Index to trade at 27,279.95 points by the end of this quarter and 24,842.68 in 12 months time. Additionally, the Japanese Yen is expected to trade at 137.83 by the end of this quarter and 146.74 in 12 months time.
Short
by TayFx
USDJPY Outlook 6th April 2023The USDJPY has been trading steadily to the downside, primarily due to the weakness of the DXY. As the USDJPY found the 130.50 price area (78.6% fib level from the longer term) overnight, price rebound slightly but continued to consolidate at the 131.20 price level, with the resistance level at the 131.70 level (38.2% fib level) and the downward trendline possibly capping significant upside potential. Look for the USDJPY to retest the resistance level before trading lower again, with the key support level at the 129.80 price level.
Short
by JinDao_Tai
USDJPY | Bearish Predicament Certainly, here's a revised version without adverbs and including the importance of waiting for price action: The USDJPY currency pair is currently trading at 131.200, but there are several indicators suggesting a potential downturn in the near future. The moving average ribbons indicate a bearish trend, which could signal a reversal in trend and a correction to the downside. Additionally, momentum indicators such as the Relative Strength Index and Stochastic Oscillator show overbought conditions, suggesting a weakening buying pressure and a possible shift towards a bearish sentiment. Furthermore, price analysis indicates that USDJPY may be headed for a decline as it has failed to break above the 132.000 resistance level and has formed a bearish head and shoulders pattern, both of which are classic technical signals for a potential reversal. However, it's important to note that one should wait for price action to confirm future price movements and where the market wants to go before considering any trades. Overall, based on the above indicators, there's a possibility of USDJPY declining to 129.740 in the near future, but it's important to wait for price action to confirm the direction of the market before making any trading decisions.
Short
by percifying
2
Selling USDJPY Yesterday we commented that we are not looking for an entry on the EURUSD and are looking at other instruments with clearer movement. One of these instruments is USDJPY. The 133.10-133.20 sell zone was determined by a Fibonacci retracement. A 180-pips decline followed, which we expect to continue. All stops can now be placed above 133.20 or at entry levels if made on the bounce. The target for this move is 128.65 and is again one of the main instruments we will be trading today.
Short
by ForexTrendline
2
USDJPY Breakout and potential retraceHey traders, USDJPY was trading in an uptrend but successfully managed to break it out as the environment of USD continue weakening. Fundamentally there are high expectations on a less restrictive monetary policy from the US as inflation tensions have eased. in a second point JPY is considered a safe haven with current banking sector crisis. Technically we will be watching a potential retrace of the trend around 132.2 support and resistance zone. Trade safe, Joe.
Short
by JoeChampion
15
USDJPY Outlook 3rd April 2023Currently, the price action on the USDJPY indicates the formation of a bullish ascending triangle (in fact as I type this, the price looks to be breaking to the upside, but still need for a confirmation signal) With the price rising on the bullish trendline and the interim resistance level of 133.60, a breakout to the upside could lead to a significant upside on the USDJPY, especially if the strength of the DXY drives it. Although the round number level of 134 could provide brief resistance, the key resistance level of 135 could be a possible target for this potential bullish breakout.
Long
by JinDao_Tai
USDJPY Outlook 31 March 2023The USDJPY climbed steadily to the upside, reaching the 133 resistance level overnight (this was discussed in the post on the 29th and during yesterday's webinar), with a continued push to the 133.50 price level early in the trading session today. As the USDJPY retraces from the 133 resistance level, if the price breaks below the bullish trendline, a more significant correction to the downside could be expected, with the key support level at 131.70 (61.8% fib retracement level) and the interim level at 132.35 (38.2% fib retracement level). However, if the DXY bounces from the 102 support level, this could drive the USDJPY higher, with the next major resistance level at 135
Short
by JinDao_Tai
USDJPY approaching an important supply zoneHey Traders, USDJPY is trading in a descending channel and extending pullbacks seems to be approaching the channel resistance around 131.7 Supply and demand zone. if the rejection is confirmed i would set the channel support as a target around 127.500 zone. Fundamentally JPY is considered a safe haven with current banking sector crisis and BoJ monetary policy changes expectations and the last FOMC have showed dovish sentiments from the fed since he didn't mentioned any further rate hikes in his speech. Trade safe, Joe.
Short
by JoeChampion
34
USD JPY - FUNDAMENTAL DRIVERSWhile the yen underperformed during the global monetary tightening phase, in our view the currency will likely outperform as tightening cycles eventually come to an end and central banks turn to easing. Yen outperformance over time should also be supported by U.S. recession as well as recent actions by the Fed, which have made U.S. dollar liquidity more readily available. And while the likelihood of a hawkish Bank of Japan (BoJ) monetary policy shift has perhaps diminished a little, if the global financial sector proves surprisingly resilient, the risk of a further policy adjustment from the BoJ could still reinforce the outlook for yen gains over the medium term as well.
by thunderpips
1
USDJPY Outlook 28 March 2023*slightly messy chart* Mistakenly used this analysis profile during the live stream, but it still presents several very valid points. Yesterday the USDJPY was trading higher bouncing off the 130.60 price level, and climbing steadily to the 131.70 price level, despite the consolidation on the DXY. The 131.70 price level was crucial as it coincided with - 61.80% Fibonacci retracement level - bearish trendline - formation of the inverted head and shoulder pattern With the anticipation for a resumption of weakness on the DXY, we were looking for the price to reverse from the bearish trendline to trade back down to the 129.80 price level, with a slight hesitation at 130.60. At the current price level, with the USDJPY sitting above 130.60, a continuation to the downside can be expected, especially if the DXY continues to weaken. Look for the price to retest the key support level of 129.80. Although the next support level is at 128.15 (last tested in February) it is unlikely that the price could reach this level by today.
Short
by JinDao_Tai
1
USDJPY Potential Forecast | 28th March 2023Fundamental Backdrop 1. Plenty of uncertainty surrounding the banking and financial system/ USD. 2. JPY continues to be the more stable currency. Technical Confluences 1. Price in a strong bearish trend with price under the Ichimoku cloud 2. Lower lows and lower highs are being formed 3. Price can potentially retest the support level at 129.82. Idea Looking for bearish trend continuation and for price to tap into the key support level at 129.82. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
USDJPY Outlook 27 March 2023Initial expectation was for the USDJPY to break below the 130 support level and trade significantly to the downside, with the next key support level at 128.13. However, on Friday, the DXY recovered in strength which saw the USDJPY bounce from the 130 support level to trade up toward the 131 interim resistance level. While the bearish trendline continues to apply downward pressure on the USDJPY, look for price to break above 131 to climb toward 132 which would coincide with the 61.8% fibonacci retracement level and the bearish trendline. However, any moves to the upside could be brief with the USDJPY likely to continue trading lower, toward the 130 and 128 key support levels.
Short
by JinDao_Tai
1
USDJPY Potential Sell Flash Manufacturing PMI | 24th March 2023Fundamental Backdrop 1. JPY Flash Manufacturing PMI, a leading indicator of economic health, increased from 47.7 to 48.6. 2. Actual result is also better than the expected 48.2 3. Last time we saw better results was in October and November 2021, which saw a 40 - 80 pip drop 4. Bias for today is medium bearish. Technical Confluences 1. Price in a strong bearish trend with price under the Ichimoku cloud 2. H4 supply zone at 131.100 3. Intermediate support at 130.600 4. Next support at 129.800. Idea Scenario 1: Looking for price to tap into the H4 supply zone at 131.100 before heading towards the intermediate support at 130.600 Scenario 2: I am looking for price to break the intermediate support at 130.600 before heading toward the next support at 129.800. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Short
by OlympusLab
USDJPY Outlook 24th March 2023The USDJPY continues to trade lower, as the price maintains within the bearish channel. Following the weakness of the DXY from the FOMC decision, the USDJPY reversed strongly from the 133 price level to trade down to the current price level and key support level of 130. If the DXY continues to weaken, look for the USDJPY to break below the immediate support level of 130 to trade down to the next support level of 128, which aligns with the lower bound of the bearish channel. However, as prices reach toward levels last tested in February, anticipate significant choppy price action
Short
by JinDao_Tai
USDJPY January's Support is being testedThe USDJPY pair is testing the Rising Support from the January 15th Low for the first time since the February 2nd Low. This is a standard case of breakout trading. The price has been under the MA50 (4h) for 2 weeks. Trading Plan: 1. Buy as long as the Rising Support holds. 2. Sell if the Rising Support breaks (i.e. closes a candle under it). Targets: 1. 134.000 (Fibonacci 0.5 and MA200 (4h)). 2. 127.500 (Support (1)). Tips: 1. The RSI (4h) is consolidating for the past 10 days. This shows loss of strength on the current trend, which means that a rebound might have a slight edge at the moment. Please like, follow and comment!!
by TradingBrokersView
6