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Usdjpyanalysis

USD/JPY Breaks Records with Over 60 Trillion Traded Between Jan The USD/JPY has been making waves in the market, soaring to unprecedented heights, with over 60 trillion dollar traded between January and September. Can you believe it? This is a monumental achievement! As a seasoned trader, you understand the significance of such a phenomenal trading volume. The yen's remarkable performance is a testament to its strength and stability in these uncertain times. I can't help but feel a sense of optimism and enthusiasm, once again reminding me why I love being a part of this dynamic trading community. Given the yen's incredible performance, I encourage you to consider taking advantage of this exciting opportunity and going long on the yen. With a robust trading volume supporting it, the yen proves to be a promising investment choice for both experienced traders and newcomers alike. Ride the wave of success and embrace the potential it brings! Remember, success favors the brave, and with the yen's impressive trading volume, now is the perfect time to dive into the market and long USD/JPY. Embrace the joy of trading, make your moves wisely, and harness the power of this extraordinary market development. www.asia.nikkei.com
Long
by bryandowningqln
USDJPY 1D AnalysisUSDJPY is currently experiencing rejection at a significant resistance level, which also aligns with a supply zone. On the 4-hour time frame (TF), the price is forming a double top pattern, suggesting the potential for a bearish price decline towards the marked support level, which may coincide with the bullish trendline. However, it's also possible that the price is currently consolidating at its current level before eventually breaking out of the resistance level, leading to a continuation of the uptrend. In such a scenario, I would be on the lookout for a buying opportunity. What are your thoughts on this analysis? Please share your comments below
by Popeson
BluetonaFX - USDJPY Post-NFP Market ReportHi Traders! The NFP announcement was released earlier today, and it came as a shock to the market. The number came in at a staggering 336K, which is almost double the expected number of 171K. With the payrolls number coming out so strongly, this is a sign that the US economy is still strong, and the high demand for the US dollar is expected to continue in the near future. This now puts huge pressure back on the JPY, and the Bank of Japan will surely have to intervene to avoid further Yen weakness. On a technical level, the level to look out for on the USDJPY is 150.000; the market has already reached it this week, and traders will be looking for another test at this level to see if the market can break above it. A break and a close of 150.000, and the only key level above it is the apex level at 151.946, and a break of that, and we will be in record-breaking territory. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
USD/JPY 15m Chart Analysis - Long to Retest the 150.175 HighUSD/JPY has been ranging between 148.300 and 149.300 since last week and has failed to break down to the 30EMA on the Daily chart. DXY has failed to break below its Daily 30EMA as well. The USD/JPY price action is currently in the top 1/3rd of the range with the RSI just mid-level leaving room for a move up and out of the range. There is a gap to fill up to the previous high of 150.175. At the very least, I believe we'll see a retest of this level. For this to happen, the Dollar needs a good bounce at the 105.600 level and the Yen remain stagnant or fall. My current analysis of the Yen is it's ready for a pullback to the upside, but that doesn't mean it won't take a quick dip to the downside first before reversing. I think we can find a good entry in this range below the midpoint and look for a breakout at the top of the range. Trade wisely and let us know what you think in the comment section below!
Long
by TraderEngineering
82% of retail investors hold short positions.Resistance Level 2: 150.00 Resistance level 1: 149.00 Spot price: 148.46 Support bit 1: 147.80 Support bit 2: 147.00 On Monday (October 9), the U.S. dollar fell 0.57% against the Japanese yen to 148.49. As the situation in the Middle East panics the market, the Japanese yen, a traditional safe-haven currency, has been favored in cross trading, which has also indirectly increased its direct quotation against the US dollar. In addition, although the U.S. non-farm payrolls data is strong, it is not enough to change expectations that the Federal Reserve will keep interest rates unchanged in November. Therefore, investors seem to be starting to find excuses to ease the pressure on the yen. USD/JPY is likely to see an adjustment downward trend under profit-making selling pressure. On the daily chart, the signs of top divergence seem to be gradually confirmed, the price line has also begun to fall below the middle track of the Bollinger Bands channel, and the technical indicators are trending downward. Pay close attention to the support of 147.50 below. If it falls below, be careful that the adjustment downward momentum may drag USD/JPY to a lower level.
Long
by Zenobia-Harte
1
USD/JPY - At Risk of Falling to Bull Channel SupportUSD/JPY showed a strong sign of bear pressure on Tuesday last week when the JPY ripped to the downside for a brief moment. At this stage of a bull run, this is likely a sign of weakness and a reversal to the downside lurks. My recent DXY analysis shows the potential for a fall below its 106.000 support, and the JPY analysis shows signs of a reversal to the upside. The Weekly candles still hover above the the 9EMA at a price of 147.300. If the price makes contact with and bounces off of the 9EMA, then we have confirmed more bullish action which will set my sights for the previous high resistance at 152.000. The RSI is touching the overbought line, but there is still room for more action to the upside. A Weekly candle closing below the 9EMA is a strong bear signal and may indicate a minor pullback is in order. Price targets in this scenario put us at 145.000 where the price last touched the top of the bull channel and puts us back at the bottom of the bull channel. With the RSI touching the overbought line, there is plenty of room for a move to the downside. Longs at this stage on this timeframe are risky. I would focus on lower timeframes such as the 4HR and look for a bounce off of the 200EMA to the upside. Trade wisely and let us know what you think in the comment section below!
by TraderEngineering
3
❗ USDJPY: Unimaginable Highs ⚡Crazy right?!😲 Who would have thought we would be back trading at the 1998 highs? Well, here we are. Sooooo what is the game plan now? Ideally, we need to figure out a zone to sell from! 👇 So let's figure that out together: Where is everyone trying to sell from currently? ⚡ The supply zone we are currently trading in. Where will everyone's stop losses be if they are selling now in this supply zone? ⚡ Above the high. So where can we expect liquidity and stop loss hunting? ⚡ Above the high. Great! Now wait for the liquidity grab and begin your search for possible sells once that is complete. Happy trading folks!! 😀😁😆
Short
by AlkalineFX
15
USD/JPY Rebounds to 149.50 on Stellar US Jobs ReportUSD/JPY Rebounds to 149.50 on Stellar US Jobs Report The USD/JPY currency pair has made a remarkable recovery, ascending to 149.50 after experiencing a dip. This bullish movement was driven by a US jobs report that exceeded market expectations. Despite a slight retracement to around 149.20, the pair remains strong, particularly in the context of US 10-year Treasury note yields standing firm at 4.780%. Japanese officials have expressed concerns over the volatility of the Yen (JPY), while the rise in the 10-year Japanese Government Bond (JGB) coupon suggests potential intervention by the Bank of Japan (BoJ). US Jobs Data Spurs USD/JPY Rebound: During the North American trading session, the USD/JPY made a notable climb, primarily propelled by robust US jobs data. This upward movement followed a brief dip that saw the pair hit lows of 148.26 over the previous two days. As buyers stepped in, the 149.00 mark was reclaimed, and the pair reached a three-day high of 149.50, all of which was bolstered by the significant rise in US bond yields. Strong US Jobs Market Data: The latest employment data from the US Bureau of Labor Statistics (BLS) exceeded expectations, revealing the creation of over 336,000 jobs in the economy. This figure far surpassed estimates, which had anticipated 170,000 jobs, and it was even 100,000 more than the upwardly revised August data of 227,000. The report underscores the strength of the US labor market, although it should be noted that seasonality adjustments may influence these figures. Wage Growth and Unemployment: In addition to job creation, the report provided insights into wage growth and the unemployment rate. Average Hourly Earnings rose by 4.2%, slightly below the consensus and August's 4.3%. The Unemployment Rate remained unchanged at 3.8%, which was slightly higher than the consensus of 3.7%. While wage growth may have softened marginally, the overall labor market picture remained robust. USD/JPY Pauses at 149.20: After reaching a high of 149.53, the USD/JPY experienced a modest retracement, settling around 149.20. This movement was in conjunction with the US 10-year benchmark note, which retreated from its 2007 highs of 4.887% but remained six basis points higher at 4.780%. The sustained strength of US bond yields continued to provide support for the USD/JPY pair. Japanese Concerns Over Yen Volatility: Japanese authorities have voiced concerns over the volatility of the Japanese Yen (JPY) in the foreign exchange (FX) markets. Masato Kanda, a representative of Japanese authorities, highlighted their stance, stating that excessive currency movements, whether within a single day or over a week, are considered "excess volatility." Even one-sided moves accumulating into significant shifts over a specific period are regarded as such. Potential BoJ Intervention: Despite the absence of an official statement regarding the recent 200-plus pip drop in the USD/JPY from around 150.00, the exchange rate has remained below that level. Notably, the 10-year Japanese Government Bond (JGB) coupon has risen to 0.80%. This increase opens the possibility of intervention by the Bank of Japan (BoJ) to curb the recent uptick in yields, a move that could stabilize the market. Conclusion: The USD/JPY's rebound to 149.50, driven by stellar US jobs data, underscores the resilience of the pair in the face of Yen (JPY) volatility and the rise in US bond yields. Japanese authorities remain watchful of FX market movements, and the potential for Bank of Japan (BoJ) intervention adds an element of caution to the market's dynamics. The strong labor market data has provided renewed support for the USD/JPY, which remains an interesting pair to watch amid evolving economic conditions. Our preference Long positions above 143.75 with targets at 152.00 & 155.00 in extension.
Long
by FOREXN1
24
Will USDJPY will break downside soon?USDJPY is one of the popular Forex-Pair for trading. USDJPY is showing near term bearishness. as we are seeing that it's trading on it's all time high also has been rejected once with high volume volatility. once break we will be having a nice approx R:R :: 1:3 trade. Near future i am expecting a bearish market once it break to downside. all levels are marked on the chart. Reason : In rising wedge pattern which is mostly bearish. once break to downside Price < VWAP. RSI is already in 40-60 means mostly sideways. if it breaks will be a breakout of 2 month consolidation in Rising wedge. Verdict : Bearishness is expected in upcoming week. Plan of action: Go short on Break downside.
Short
by finnova_
It has to come above the water to breatheWe are at the bottom of the ascending channel And on the other hand in Moving 200 Therefore, there is a possibility of growth. But on the other hand, we faced a powerful fall, which makes possible more fall. This decline may continue up to the specified support area. The final opinion is that the possibility of growth is more. Follow us, we will be happy to be with you. If you are interested in forex analysis and want me to do it, like this analysis. To do more forex analysis
by karaco2022
Is it safe to set sell orders at 150.000 for USD/JPY now? Did the BoJ secretly intervene in USD/JPY on Tuesday? And is there more to come? For now, Bank of Japan officials have avoided explicitly stating whether they had stepped into the market to strengthen the yen. After the USD/JPY crossed 150.000 (its weakest levels in a year), a huge candle appeared on Tuesday touching as low as 147.300 before closing at 149.100. The Bank of Japan's data apparently showed that it did not intervene (its current account balance was within the estimated range). So, if it wasn’t a BoJ intervention, what was it? A self-fulfilling prophecy? Maybe both? It’s all a bit murky. Even former BOJ official Hideo Kumano said that Tuesday's move showed all the hallmarks of intervention. Of course, if it was the BoJ, they would be willing to do it again if needed as they have stated many times (although the officials like to phrase it as combating excess volatility rather than combatting a weakening yen). Tuesday intervention could have just been a warning shot to those looking to bet against the yen, with more drastic action from the BoJ locked and loaded. The BoJ last officially intervened in the currency markets in September and October last year, when the USD/JPY hit a 32-year low of 151.940. At that time, intervention was able to push the pair down to 146.000. Which begs the question; what could be some possible targets this year? Well, the aforementioned wick’s low of 147.300 is an obvious target, with 147.000 just below it. But, like the wider context, targets become a little murkier after these levels. Last year's pivot points at 145.700 and 145.500 might come into play.
by BlackBull_Markets
Yen Drops Below 150 Per Dollar - Exercise Caution in TradingThe Japanese yen has recently dropped below the critical threshold of 150 per dollar, primarily due to mounting concerns regarding intervention measures. In light of this situation, I strongly urge you to exercise caution and consider pausing yen trading until further clarification is obtained. The sudden decline in the yen's value has raised concerns among market participants, as it suggests the possibility of intervention by the Japanese government or central bank. Intervention refers to deliberate actions taken by authorities to influence their currency's exchange rate, typically through buying or selling large amounts of their own currency in the foreign exchange market. Such interventions can have a profound impact on the currency's value and create significant volatility in the market. Given the uncertainty surrounding the current situation, it is prudent to reassess our trading strategies and ensure that we are not unnecessarily exposed to potential risks. Therefore, I strongly recommend that you temporarily halt yen trading until we receive further guidance or clarification from reliable sources regarding any potential intervention measures. In the meantime, I encourage you to closely monitor the latest news and market developments related to the yen. Stay informed about any official statements or actions from the Japanese government or central bank, as these can provide valuable insights into the future direction of the currency. Additionally, consider diversifying your portfolio to reduce reliance on yen-based assets until the situation stabilizes. Please remember that our primary objective is to protect our investments and mitigate risk. By exercising caution and temporarily pausing yen trading, we can better position ourselves to navigate the current market uncertainties and make informed decisions when clarity emerges. If you have any questions or require further guidance, please do not hesitate to reach out to me or our dedicated support team. We are here to assist you and ensure that you have the necessary information to make well-informed trading decisions.
by bryandowningqln
11