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USDJPY

USD/JPY: US Elections and Middle East War!USD/JPY fell towards 152.00 after reaching a 12-week high near 153.20, due to a temporary correction in the US Dollar (USD), which saw the Dollar Index (DXY) dip to 104.20. Despite this, the Dollar's outlook remains bullish, supported by positive economic data such as the October US services PMI, which exceeded expectations with an expansion to 55.3. Political uncertainty and the upcoming US presidential elections further enhance the Dollar's appeal as a safe-haven currency. In Japan, the cautious statements from Bank of Japan (BoJ) Governor Kazuo Ueda, who indicated a gradual approach to assessing inflation, suggest that further rate hikes are unlikely in the near term. This divergence in monetary policies between the US and Japan continues to support a bullish trend for USD/JPY, with the current correction seen as temporary.
Long
by Forex48_TradingAcademy
1
USDJPY | Perspective for the new week | Follow-upAfter an 8-week break from USD/JPY, I’m excited to bring it back to our watchlist as we prepare for next week’s trading! Over the past 9 months, this pair has experienced major shifts—from early-year expectations of Japan's monetary policy changes to the dollar's surge mid-year and the USD/JPY oscillating around the 150 zone in October. Key drivers include Japan's inflation data, with the latest CPI rising 2.5% YoY in September. As market rumours of another intervention grow, what opportunities lie ahead? Let's explore the key levels, trends, and setups for the coming week. USDJPY Technical Analysis: As discussed in the video, the recent upward momentum is showing signs of easing, leaving room for a possible USD pullback. However, for a confirmed uptrend continuation, we need to see sustained trading above 150.000. Our detailed technical analysis focused on the current bullish market structure, with particular attention to the key level of 150.000, set as a pivotal point for the upcoming week. This level gains significance as a potential catalyst for a clear uptrend if buying pressure persists. The market's response to this level at the beginning of the new week will strongly influence the direction of price action in the days ahead. #JapanInflation #USDJPY #Yen #BoJ #FederalReserve #Forex #CurrencyTrading #EconomicAnalysis #MarketAnalysis #Investing #Finance
by darcsherry
USOIL Ready for $75!WTI oil prices have climbed back to $71.60 per barrel, supported by geopolitical tensions in the Middle East, particularly due to the conflict between Israel and Hezbollah. The possibility of disruptions in oil supplies from the region fuels market uncertainty. However, the significant increase in US crude oil inventories, far exceeding expectations, is putting downward pressure on prices, indicating a potential oversupply. Additionally, the strengthening US dollar, which has reached its highest level since July, is reducing oil demand by making it more expensive for foreign buyers. These factors limit the potential for price increases, despite geopolitical concerns.
TVC:USOILLong
by Forex48_TradingAcademy
1
Bearish drop off pullback resistance?USD/JPY is reacting off the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 152.52 Why we like it: There is a pullback resistance level. Stop loss: 154.94 Why we like it: There is a pullback resistance level. Take profit: 150.85 Why we like it: There is a pullback support level that aligns with the 621.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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
XAU/USD: Ready for a Pullback!The price of gold (XAU/USD) has recently retreated from an all-time high of around $2,560 and is currently trading slightly below $2,720, complicated by the strength of the US dollar and rising US Treasury yields. Technically, the $2,750 level has shown signs of rejection, making it a key resistance, while immediate support is located at $2,725, near the lower boundary of a two-week ascending channel. A convincing break below this support could trigger technical selling, pushing the price down toward $2,700 and subsequently to $2,680-2,675, where the 100-period simple moving average resides. Despite overbought conditions and pressure from the dollar, political uncertainty and the risk of escalating tensions in the Middle East continue to support demand for gold as a safe haven. That said, gold seems poised for a correction toward $2,675, and we will see in the coming days if it gives us a signal for a short entry. Good evening and happy trading to everyone.
OANDA:XAUUSDShort
by Forex48_TradingAcademy
1
USDJPY Skyrockets Beyond All Targets – Massive Breakout CompleteTechnical Analysis: USDJPY on the 15-minute time frame executed a long trade with an entry at 149.604. Backed by strong bullish momentum, it swiftly met all target points. The pair rallied significantly with the Risological Dotted Trendline providing upward support throughout the trade, indicating that the trend was well-supported and poised for further gains. Key Levels: Entry: 149.604 Stop Loss (SL): 149.342 Target 1 (TP1): 149.926 ✅ Target 2 (TP2): 150.449 ✅ Target 3 (TP3): 150.971 ✅ Target 4 (TP4): 151.294 ✅ Observations: The strong uptrend was consistent, with price respecting the 200 EMA (Risological Dotted Trendline) as dynamic support.Volume surged as the price hit TP3, accelerating the move towards TP4. All targets were cleanly hit, confirming the strength of this breakout. USDJPY's breakout showcases the power of technical alignment. The bullish trend held firmly above the Risological dotted trend line, driving the price to hit all targets in this well-timed trade. The pair remains bullish, and future setups should be monitored for additional opportunities.
Long
by ProfitsNinja
Yen slides as IMF cuts Japan’s growth estimateThe Japanese yen has posted sharp losses on Wednesday. In the European session, USD/JPY is trading at 152.67, up 1.06% at the time of writing. The yen is down 2.1% this week and has plunged 6.3% in October. The International Monetary Fund slashed its 2024 growth forecast for Japan to just 0.3%, down sharply from the 0.7% forecast in June. This is the lowest estimate since 2020, during the Covid-19 pandemic which severely impacted the economy. The IMF highlighted the “fading of a one-off boost” in tourism and disruptions in auto supply chains. Japan’s economy grew 1.7% in 2023, aided by a strong increase in tourism. The IMF said it expects the economy to rebound in 2025 and expand 1.1% as private consumption and wage growth improve, assuming that the Bank of Japan continues to raise rates “toward a neutral setting of about 1.5%.” The BoJ raised interest rates out of negative territory in July to the current rate of 0.25%. The markets are expecting further hikes but the central bank has been very cautious and wants to see evidence of sustainable inflation at 2% before making additional hikes. This has made the BoJ an outlier among major central banks, most of which are in a rate-cutting cycle in response to falling inflation. Japan releases Tokyo Core CPI, a key inflation indicator, on Thursday. The indicator is expected to ease to 1.7% in September, down from 2% in August. The BoJ meets on Oct. 30-31, right after a general election on Oct. 27. The Bank will likely maintain policy settings but the markets will be keeping a close eye on the quarterly projections for inflation and growth. USD/JPY has pushed above several resistance lines today and the next resistance line is 153.19 150.93 and 150.66 are providing support
by OANDA
BoC Rates Decision Pending22nd October DXY: Currently at 104.30, expecting further upside, needs to break 104.45 to trade up to 104.80. NZDUSD: Sell 0.6015 SL 20 TP 40 AUDUSD: Sell 0.6635 SL 20 TP 65 GBPUSD: Sell 1.2950 SL 40 TP 130 (Hesitation at 1.2880) EURUSD: Sell 1.0760 SL 30 TP 80 USDJPY: Buy 152.70 SL 30 TP 130 (hesitation at 61.8% 153.30) USDCHF: Buy 0.8710 SL 15 TP 40 USDCAD: Buy 1.3860 SL 20 TP 60 or (counter trend) Sell 1.3920 or 1.3820 (need to hear hawkish BoC) Gold: Buy on retracement, or scalp up to 2760 and 2768
TVC:DXY
by JinDao_Tai
The yen is losing strength due to the strong dollar. The dollar continues to strengthen as a result of the robust US economy. Conversely, the yen's value is deteriorating due to uncertainty surrounding the BoJ's interest rate policy and the dovish stance of committee members. Last week's release of US September retail sales and unemployment claims data reaffirmed US’ strong spending power and solid job market conditions, eliminating any possibility of a 50bp cut. Fed Director Christopher Waller stressed the importance of exercising caution regarding additional rate cuts as the US economy continues to perform at a satisfactory level without any recession concerns. USDJPY rose sharply to 152.30 following a rebound at EMA78. The price sustains an uptrend within the ascending channel, indicating a bullish momentum. If USDJPY breaches the channel’s upper bound and the resistance at 153.70, the price may gain upward momentum toward 157.00. Conversely, if USDJPY breaks the support at 151.00, the price may fall further to 148.50, where both EMAs coincide.
by inkicho_exness
US bond bloodbath powers USD/JPY above key levelHigher US Treasury yields has propelled USD/JPY through the 200DMA and 151.95, the latter an important technical level corresponding with prior episodes of Bank of Japan intervention. If it manages to hold above 151.95, traders could consider buying the break with a tight stop either below it or the 200DMA for protection. There's little visible resistance evident until above 155, and even then it's minor. 155.40 is one potential target. Given yield differentials between the US and Japan, you could argue USD/JPY should be higher based on where it traded earlier this year when spreads sat at similar levels.
TVC:US02YLong
by FOREXcom
1
GBP/USD: Is the Dollar Weakness Back?After a brief two-day recovery, GBP/USD reversed course on Monday, losing 0.5% and continuing to show signs of weakness on Tuesday morning, trading slightly below the 1.3000 level. Market sentiment was cautious at the beginning of the week due to escalating geopolitical tensions in the Middle East, which bolstered demand for the US Dollar as a safe haven. The US economic calendar features the Richmond Fed Manufacturing Index for October, though it is not expected to significantly impact the market. Additionally, Bank of England Governor Andrew Bailey will deliver a speech at the Bloomberg Global Regulatory Forum in New York, but without expected comments on monetary policy, the event could have a minimal effect on the pound. The next important data releases for GBP/USD will be on Thursday, with the preliminary PMI Manufacturing and Services Index data for the UK and the US, which could provide further direction for the pair. It is also worth noting that on Tuesday, the market closed the day with a doji candle, opening up a potential bullish opportunity. We will see if today, during the London session, the market provides a clear confirmation to go long. Happy trading, and have a great day!
Long
by Forex48_TradingAcademy
1
Bearish reversal?USD/JPY is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as a pullback support. Pivot: 152.59 1st Support: 150.36 1st Resistance: 154.71 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.
Short
by ICmarkets
USD/JPY Technical Outlook - Multiple bearish signals on indicato🚨 USD/JPY Technical Outlook 🚨 - Price nearing a key resistance at 152.00 📊 - Possible rejection could send the pair lower to: - 145.54 📉 - 139.71 📉 - 131.98 🛑 (Major support) Multiple bearish signals on indicators 📉—reversal might be ahead! Watch closely for potential short setups. #forex #USDJPY #technicalanalysis #forextrading #tradingview #bearish #forexsignals --- USD/JPY Weekly Chart Analysis: - The pair is currently at a critical level near 152.00. - Key resistance at 152.00 could lead to a rejection, with downside targets at: - 145.54 (first target) - 139.71 (second target) - 131.98 (long-term support) - Indicators show multiple bearish signals, suggesting potential reversals. Stay cautious of volatility around these levels. #forex #USDJPY #technicalanalysis #trading #forexsignals ---
Short
by profitoptionnew
USDJPY - 4hrs ( buy Trade Target Range 240 PIP ) 🟢 Pair Name : USD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) Break Out Done Type : Mid Term Swing ——————————— Bullish Break 151.000 Area Reasons - Major Turn level - Visible range Lvn - Pattern Break - Daily / weekly high - Fibo Golden Bearish Reversal 153.850 Area Reasons - Major Turn level / D - Visible Range Hvn - Fibo Golden - Year High Area - Choch / Inner
Long
by GentleGoldenEngine
6