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Usdjpyanalysis

Minutes of the Bank of Japan`s January assembly - the opportunit Minutes of the Bank of Japan's financial coverage assembly on January 22 and 23, 2024, complete textual content here: Members agreed that they have got now no longer but reached the level in which the inflation goal may be done sustainably Members proportion the view that the probabilities of attaining 2% inflation are increasing, so if we are able to affirm a tremendous cycle in wages and inflation, we are able to take into account finishing bad hobby charges and Unusual loosening steps Some individuals stated the hazard of inflation exceeding the 2% goal had emerge as smaller One member stated if a ruling on finishing bad hobby charges is delayed, it'd prevent efforts to attain the 2% goal and referred to as for a fast tightening. One member stated now's a once-in-a-lifetime possibility to extrade financial coverage One member stated the scope for financial coverage flexibility might be decrease for Japan as different nations pass to reduce hobby charges. Some individuals trust that they have to forestall shopping for ETFs and JREITs if they could attain the inflation goal Some individuals stated the BOJ isn't below stress to hurry up hobby fee will increase like in Western nations.
Short
by Chart_MasterPro
Decoding USD/JPY Future in a Changing Economic Landscape Multi-Timeframe Technical Analysis for USD/JPY 1. Monthly Time Frame: - Key Observation: Noticeable rejection of the USD/JPY price at a significant support level, indicating potential bullish sentiment or a reversal point. - Additional Note: High liquidity observed at price highs, marked by two equal highs, which could signify resistance zones. 2. Weekly Time Frame: - Key Observation: Transition in market structure from bearish to bullish, indicating a potential longer-term upward trend for USD/JPY. 3. Daily Time Frame: - Key Observation: A shift in market sentiment is evident, aligning with the bullish outlook observed in the weekly timeframe. Fundamental Analysis: Federal Reserve Policies and Economic Indicators 1. Federal Reserve's Stance: - Policy Outlook: Continuation of a restrictive monetary policy for the foreseeable future, with the possibility of rate peaks being reached. - Inflation Control: Strong emphasis on reducing inflation sustainably before policy easing. 2. Economic Indicators: - Optimism on Inflation: Growing confidence in managing inflation, with potential rate cuts envisioned in 2024, though the exact timing remains uncertain. 3. Market Reaction: - Impact on USD/JPY: The Federal Reserve's stance typically has a direct impact on USD/JPY. A more restrictive policy tends to strengthen the USD against the JPY, while a more dovish stance or rate cuts could weaken it. 4. Future Projections: - Interest Rate Trajectory: Anticipation of three rate cuts in 2024, suggesting a potential future weakening of the USD against the JPY. - Economic Growth Forecast: Slow growth expected in 2024, which could influence currency strength dynamics. 5. USD/JPY Specifics: - Japanese Economic Factors: Apart from U.S. economic indicators, USD/JPY traders should also consider Japan's economic health, monetary policy, and geopolitical factors influencing the yen. Trading Implications for USD/JPY - Short-Term Strategy: The bullish technical signals on higher timeframes suggest potential long positions in the short to medium term. However, be mindful of resistance levels highlighted by the liquidity at price highs. - Long-Term Outlook: Fundamental analysis indicates potential weakening of the USD in 2024 due to anticipated rate cuts. Traders may look for signs of trend reversal or strengthening of the JPY for future positioning. - Risk Management: Keep an eye on upcoming Federal Reserve meetings and announcements, U.S. economic data releases, and Japanese economic indicators. These can cause significant volatility in the USD/JPY pair. Conclusion For USD/JPY, the current technical analysis suggests a bullish trend in the near term, but fundamental factors indicate potential shifts in 2024. You should maintain a balanced approach, staying updated with economic developments and central bank policies in both the U.S. and Japan. As with any currency trading, risk management and continual reassessment of the market conditions are crucial.
Long
by Wiiso
Swing trade long for USD/JPYUSD/JPY fell for five consecutive days by Monday's close, which was its worst 5-day run in three months. Yet two daily closed beneath the lower Keltner band and RSI (2) reaching oversold indicated that mean reversion higher was due. Hotter-than-expected US inflation data confirmed our suspicions, and a bullish day broke the 5-day bearish sequence and confirmed a 3-bar bullish reversal (morning star) at the lower Keltner band. Prices have already retraced partially within Tuesday's range, so bulls could either enter live at market or seek dips if it retraces further within yesterday's range. With a stop below Friday's low, bulls could target just beneath the 149 handle, the the 20-day EMA.
Long
by CityIndex
EUR: The Backbone of European Economic IntegrationThe Euro (EUR) stands as a symbol of unity and collaboration within the European Union (EU), serving as the common currency for member states in the Eurozone. Since its introduction in 1999, the Euro has played a pivotal role in fostering economic integration, stability, and growth across the region. At its core, the Euro represents a shared commitment to cooperation and solidarity among EU nations. By adopting a common currency, countries within the Eurozone have eliminated exchange rate uncertainties and transaction costs, facilitating seamless trade and commerce. Moreover, the Euro serves as a symbol of Europe's resilience and determination to overcome historical divisions and forge a common destiny. Its stability and credibility have bolstered confidence in European markets, attracting investment and promoting economic stability amidst global challenges. Despite occasional economic turbulence and sovereign debt crises, the Euro has proven resilient, supported by the European Central Bank's (ECB) commitment to maintaining price stability and financial integrity. Initiatives such as the Economic and Monetary Union (EMU) further strengthen the Euro's foundation, ensuring its sustainability and longevity. In addition to its economic significance, the Euro plays a pivotal role in shaping global financial markets. As one of the world's leading reserve currencies, the Euro influences international trade, investment, and monetary policies, enhancing Europe's influence on the global stage. Looking ahead, the Euro continues to evolve, adapting to new economic realities and geopolitical dynamics. Its role as a symbol of European unity and stability remains steadfast, guiding the continent towards a future of prosperity, resilience, and cooperation in an increasingly interconnected world.
by Midas_Calista
#USDJPY: Possible 600 Pips Bullish Move Expected | It is on DXY|Happy weekends Everyone! FX:USDJPY it had created higher and then dropped to fill the order blocks, now price is at very critical area, if DXY remain bullish next week we can see a nice and clean 600 bullish move. For JPY, it is already bearish and will likely to remain bearish next week as the current economic conditions are not stable. Currently, what we expecting , watch for price to come down to our area then we advise you to take buy entry with 70-100 pips max and set tp at 147-149-151 as followed. Good luck and trade safe, remember to trade safe and use strict risk management.
Long
by Setupsfx_
29
USDJPY: First Entry dropped 400 pips, Focusing on ReentryDear Traders, OANDA:USDJPY first entry dropped successfully 400 pips, now there is possibility of price filling up the liquidity and dropping from that region. Bullish price will likely to push the price up to our area of entry where price will fall strongly. Use accurate stop loss and take profit as described in our chart, if you have any doubt or finding it hard to understand something, please leave a comment. good luck and trade safe as always
Short
by Setupsfx_
7
USDJPY → Day Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . USDJPY long ! 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
1
USD/JPY H4 | Rising to 61.8% pullback supportUSD/JPY is rising towards a pullback support and could potentially bounce off this level to fall lower. Buy entry is at 149.180 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 149.915 which is a level that aligns with the 78.6% Fibonacci retracement level. Take profit 1 is at 148.148 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.40 Take profit 2 is at 147.510 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.27 Total risk 1.28% High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Short
by Alvard
2
USDJPY: USD/JPY stabilizes, market focuses on BOJ interest rate The Japanese yen changed into mildly risky on Monday after a risky week amid hypothesis approximately an cease to the BOJ`s yield curve manage and terrible hobby quotes policies. The BOJ started a two-day assembly on Monday, with a choice to be introduced on Tuesday. The USD/JPY change fee has fallen to 146 in line with dollar, specifically after reviews that Japanese hard work unions have performed big salary will increase this year. Recent facts additionally suggests that inflation stays stable, with each elements giving the BOJ sufficient self belief to cease its ultra-dovish policies. However, analysts stay divided on whether or not the financial institution will increase hobby quotes in March or April, with the overall consensus barely leaning in the direction of an April move. BOJ predicted to elevate hobby quotes through 20% foundation factor to 0.1% from terrible 0.1%. While any fee hike bodes properly for the yen, hypothesis over the timing of a fee hike has visible USD/JPY mark risky actions in latest weeks. The fee hovered round 149 on Monday.
Long
by Chart_MasterPro
USDJPY I BOJ will possibly end negative interest ratesWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
10
USDJPY bearish move will start**Monthly Chart** USDJPY broke the high of August 1998 and moved higher in Oct 2022 which created a new swing high at around 150 level before drifting lower. This created a new strong level since then and the price was unable to break above it. Additionally, the price created a new MC in Nov 2023 and the price moved towards it and currently testing it. **Weekly Chart** This week I like to see USDJPY break the high one more time or at least test the high at around 149.50 level and provide a reversal indication to see it for around 800 pips Target. The move is going to be aggressive after BOJ news on Tuesday 19th March. This is the same for all JPY pairs. **Daily Chart** Last week we had a good buying opportunity after the close of the key daily reversal (Ring Low formation) then the price continued higher. This week, I will be looking to sell this pair only and other JPY pairs after BOJ news on Tuesday if the market provides it. My two scenarios are shown in the chart.
Short
by PropSignals
5
USDJPY is Ready to GO UP by Symmetrical Triangle Pattern🚀🏃‍♂️ USDJPY is moving near the 🟡 Potential Reversal Zone(PRZ)(147.520 JPY-147.318 JPY) 🟡. ✅It also seems that USDJPY has succeeded in forming a Symmetrical Triangle Pattern . 📚 What is a Symmetrical Triangle❗️❓ 🔸 The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. 🔔I expect USDJPY to rise to at least the 🔴 Resistance zone(148.930 JPY-148.520 JPY) 🔴 after breaking the upper line of the triangle . U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2