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.
Usdjpyanalysis
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.
USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY 4H suffers sudden lossesUSDJPY
stabilizing above 149.44 will support rising to touch 149.62 then 150.08 then 150.60
stabilizing under 149.05 will support falling to touch 148.41 and then 147.85
The expected trading range for today is between support 147.58 and Resistance 149.62
Pivot Price:149.05
Resistance prices: 149.62 & 150.08 & 150.60
Support prices: 148.41& 147.85 & 147.05
The general trend expected for today: Bullish
timeframe:4H
USDJPY Long Term SELLING Trading IdeaHello Traders
In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDJPY; Zen and the art of economic cycle maintenanceThe Yen and thus, the Bank of Japan, is in a rather precarious position.
(Then again, when was the last time they weren't - in a precarious position?? ... .)
Admittedly, our Japanese is somewhat rusty lately but nowhere in the monetary manual did we find where it says: "Lending rates must be fixed at <0% or >10%, at all times!"
So, when the BoJ hangs it's hat on some arbitrary metric, such as the volatility in the USDJPY in this case, to guide it's policy and a potential departure from the negative interest rates (more so than based on the underlying economic data - CPI, PPI, unemployment, etc.) and then said volatility collapses, almost immediately?! ... One could only speculate on the complex range of emotions, induced in the BoJ's leadership (WTF?!, etc.). So,now what? ...
These previously unlikely turn of events suddenly provide a strong bias towards a (top-side) volatility spike, in the event of which a forced monetary intervention by the BoJ in the very near future becomes a virtually foregone conclusion!
On an additional note; Given the current US-Japanese rate differentials (as well as other factors) the USDJPY remains the least "over valued" among all the Yen crosses - making it a less than ideal such metric. Try on the CHFJPY or even the EURJPY as an exercise in absurd over valuation, for example. The likes of which have solid, almost identical, precedents in the late 1970 European central bank policies, most ending "in tears" and none more than Switzerland's SNB's, which slid into one of it's deepest depressions by the beginning of the 1980s!
This weeks technical picture (including Fridays close) further underlines this, by now much shifted, bias toward a top-side break out, potentially pushing prices well past the key 150.00 level, rather quickly. (E.g., certainly do Not be short the USDJPY, here! - To say the least.)
Current Rate Differentials between the Bank of Japan and ...
--------------------------------------------------------------------------------
- in Basis Points - ("most over valued" ranking)
- CHFJPY (Switerland) --- +250 - (#1)
- SKJPY (Sweden) --- +375
- AUDJPY (Australia) --- +400
- NOKJPY (Norway) --- +400
- EURJPY (EU) --- +450 - (#5)
- CADJPY (Canada) --- +475
- GBPJPY (G. Britain) --- +515
- NZDJPY (N Zealand) --- +525
- USDJPY (US) --- +525
- MXNJPY (Mexico) --- +11.25 - (#4)
- ZARJPY (S. Africa) --- +11.75 - (#2)
- HUFJPY (Hungary) --- +13.00 - (#3)
---------------------------------------------------------------------
p.s. This here is also the new Yen Thread!/b]
USDJPY - Bullish price action ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: On Thursday will be released quarterly GDP in USA, if the actual is higher than forecasted it means strength of USD.
Like, comment and subscribe to be in touch with my content!
USDJPY 4H (Pivot Price:149.44)
USDJPY
stabilizing above 149.44 will support rising to touch 149.95 then 150.29 then 150.60
stabilizing under 149.05 will support falling to touch 148.73 and then 148.39
Pivot Price:149.44
Resistance prices: 149.95 & 150.29 & 150.60
Support prices: 148.73& 148.39& 147.94
timeframe:4H
USDJPY Long Term SELLING Trading IdeaHello Traders
In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDJPY I Weekly Forecast & Technical OverviewWelcome 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!
USDJPY 4H (Pivot Price:149.05)USDJPY
stabilizing above 149.05 will support rising to touch 149.62 then 150.08 then 150.60
stabilizing under 149.05will support falling to touch 148.41 and then 147.85
Pivot Price:149.05
Resistance prices: 149.62 & 150.08 & 150.60
Support prices: 148.41& 147.85 & 147.05
timeframe:4H
Potential Intervention by Bank of Japan - Pause Yen Trading? As you are aware, the USD/JPY currency pair has been experiencing considerable volatility lately, with the exchange rate approaching the critical level of 155. While we strive to maintain a balanced and unbiased approach, it is essential to acknowledge the potential consequences if the USD/JPY falls beyond this threshold.
In such a scenario, it is highly likely that the Bank of Japan (BoJ) may intervene to stabilize the yen's value against the US dollar. Historically, the BoJ has demonstrated a proactive approach to prevent excessive currency fluctuations, especially when they may adversely affect Japan's economy.
Considering this possibility, we strongly recommend that traders take a moment to reassess their current yen trading positions. Pausing yen trading during this uncertain period may prove to be a prudent decision, allowing us to gauge the BoJ's response and the subsequent market sentiment.
We understand that as traders, you possess the expertise to make informed decisions based on your individual strategies and risk appetite. However, we believe it is our responsibility to highlight potential market events that could have a significant impact on your trading activities.
To stay updated on the latest developments regarding the USD/JPY exchange rate and the Bank of Japan's potential intervention, we encourage you to regularly monitor reliable news sources and leverage comprehensive research tools.
In conclusion, we urge you to exercise caution and consider pausing yen trading until further clarity emerges regarding the Bank of Japan's intervention. By adopting a prudent approach, we can safeguard our positions and navigate the market with greater confidence.
USDJPY 1D OUTLOOK USDJPY
Analyze
If a price can stable above 148.73 the direction will be uptrend again to reach 150.28 , 152.03 , 153.89
For any reason if the price backs off and stable under 148.73 , the price will try to reach 147.62 If can break it then will reach 146.19 and 1143.45
Support line:147.62,146.19 ,143.45
resistance line: 150.28,152.03 ,153.89
usd jpy good retest to buyHello, according to my analysis of USDJPY, there is a very good buying opportunity. We now notice a retest of the strong support at 137500. With a very positive green candle on the daily chart. The 200 moving average is also in the same area. This is evidence of the power of buyers at this level. good luck for everbody
USDJPY Long Term SELLING Trading IdeaHello Traders
In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USD/JPY with plan trading week : 25.09 - 29.09.2023H4 frame - we can see that UJ is following an uptrend.
However, recently there have been signs of light selling - a normal occurrence when encountering resistance zones.
Trading plan, watch SELL at 150.7
If Buy, wait for the signal at area: 146.6
Currently, UJ is in the middle zone, so we encourage followers to wait for good signals
USDJPY (Continuation)The previous USDJPY thread became too long to remain practical hence, this new thread for the USDJPY.
Previous thread summary
-----------------------------------
Calendar days: 96
Net profit: (USDJPY only) +1073 pips (including the currency hedge adjustments in support of Nikkei long positions - +1132% Net)
Max risk; 0.71% of capital;
Max draw-down: -0.43%
Number of trades: 52 (including hedge adjustments)
Average R/R: 1:10.25 (Exclusive of hedge adjustments)
-----------------------------------
Here is the Daily;
Currently: FLAT -> Long Bias.
USDJPY | Perspective for the new week | Follow-upThings are heating up as the selling pressure surrounding this pair seems to be shifting gears. The US Dollar is riding high, boasting its loftiest daily close since March. What's fueling this surge? Well, it's all about the robust economic performance of the US economic docket.
Let's dive into the numbers—brace yourself for some impressive stats. The Producer Price Index (PPI) recently flexed its muscles, growing by 1.5% YoY. That's a notable leap from the prior reading of 0.8%, and it's left expectations trailing in the dust. Meanwhile, Retail Sales in August defied predictions, surging by 0.6% MoM, way above the estimated 0.2%. Not to be outdone, the US Department of Labor shared some encouraging news: weekly Initial Jobless Claims stood at a mere 220,000, down from 217,000, comfortably beating market consensus pegged at 225,000. These numbers collectively paint a picture of a resilient US economy and a notable rebound in inflation throughout August.
But here's the twist—the Federal Reserve (Fed) doesn't seem swayed by these developments. Market key player suggests that the Fed is likely to keep its interest rates steady at the upcoming meeting. In the background, the Fed's steadfast hawkish stance continues to give a nod to US bond yields and fortify the US Dollar's position—for now.
Now, let's pivot to the Japanese Yen's corner, where the plot thickens. The Bank of Japan (BoJ) has made its stance clear: they're not considering an exit from their ultra-easy policy unless wage and inflation data play ball. This leaves the JPY exposed to the maneuvers of its global rivals.
As we gear up for the upcoming week, we're bracing for a series of pivotal economic events, including the highly anticipated interest rate decisions from both sides of the Pacific. Stay tuned for the analysis that'll keep you ahead of the forex curve!
USDJPY Technical Analysis:
As highlighted in the video, the recent mild downward pressure is beginning to ease, and the odds of USD pulling back further have diminished. However, only a clear break of 147.950 will validate an uptrend continuation. In this video, we conducted an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is within the key zone of 147.950, which will serve as our center of focus ahead of the upcoming week. The key level becomes an area of interest as buyers continue to knock this ceiling and a breakout/retest could incite a clear uptrend. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week.
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Best level to sell USD/JPY (+700 Pips, Entry, TP and SL)Hello traders! USD/JPY is on a continuous uptrend. However, price
might reach a strong resistance level from where it could
reverse. With BOJ rate event scheduled for tomorrow, this scenario
might play out.
📌The area 151.50-152 is a strong rejection zone. Currently, there is
not much resistance between 148 and 152.
📌The area 152 also happens to be at the top of the price channel
that you can see in my chart.
📌During the BOJ rate event, if price spikes to the 152 zone, I would
consider selling USDJPY@151.70-152.20 with SL above 153 and swing
TP at 143.50