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Usdjpyanalysis

USD/JPY Broke D Res Area , Be Reay To Buy It And Get 200 Pips !We have a very good Daily closure above our daily res , so we have a very good chance to buy this pair with retest to this broken res area and targeting 200 pips . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
3
USD/JPY Technical Analysis: (READ DESCRIPTION)USD/JPY Technical Analysis: Bullish Momentum Expected Pivot Point: 150.45 The pivot point at 150.45 serves as a key level of support for USD/JPY. As long as the price holds above this level, bullish momentum is anticipated. Our Preference: Long Positions Recommended Trade: Long positions are favored as long as the price stays above the 150.45 pivot point. This sets up the potential for upward movement toward resistance levels. Target Levels for Upside Movement: First Target: 151.10 This is the immediate resistance level where traders may take profits or evaluate a continuation of the bullish momentum. Second Target: 151.60 If the first target is surpassed, the pair could extend its gains toward the 151.60 level, signaling further bullish movement. Alternative Scenario: Downside Risks If the price falls below 150.45: Bearish Outlook: First Target: 150.10 Second Target: 149.70 These levels represent potential support zones in case of a bearish reversal. Technical Insights: RSI Indicator: The RSI is mixed but leans bullish, suggesting the potential for further upside if momentum builds. Traders should keep an eye on this indicator for confirmation of a stronger move.
by CharivapaAlgo
USDJPY Slightly Bearish Bias on October 22, 2024 !!USDJPY Slightly Bearish Bias on October 22, 2024: Key Drivers and Analysis As of October 22, 2024, the USDJPY currency pair is exhibiting a slightly bearish bias based on the latest market conditions and fundamental factors. In this article, we’ll break down the key drivers that could contribute to this potential weakness in the US Dollar (USD) against the Japanese Yen (JPY) and provide insights for traders looking to capitalize on these movements. 1. Dovish Federal Reserve Outlook Weakens USD The US Dollar has been losing momentum in recent sessions due to a shift in market sentiment around the future path of the Federal Reserve's monetary policy. Recent economic data out of the US, including softer-than-expected retail sales and a slowdown in the housing market, have led traders to anticipate a more dovish approach from the Fed. Despite persistent inflationary pressures, the Federal Reserve has signaled that it may pause rate hikes, which is reducing demand for the USD. This pause in tightening is making the USDJPY pair more vulnerable to downside risks, especially as traders shift to safer assets like the JPY in the face of rising uncertainty in global markets. 2. Bank of Japan's Potential Policy Shift The Bank of Japan (BoJ) has remained committed to its ultra-loose monetary policy for years, but there are signs that it may be reconsidering its stance. Speculation has grown that the BoJ might tweak its yield curve control (YCC) program or adjust its negative interest rates policy in the near future. Even though no official changes have been announced, the potential for a more hawkish policy shift is providing underlying support to the JPY. Investors are also pricing in the possibility that inflationary pressures in Japan could push the BoJ toward policy normalization, which would make the JPY more attractive relative to the USD. 3. Safe-Haven Demand for JPY Amid Global Uncertainty The Japanese Yen is traditionally viewed as a safe-haven currency, meaning that it tends to gain strength during periods of global uncertainty. Current geopolitical tensions, particularly in the Middle East, and concerns over global economic slowdown are driving risk aversion in the markets. This sentiment is boosting demand for safe-haven assets, including the JPY, while pressuring the USDJPY pair lower. Furthermore, ongoing concerns about China's economic recovery and lingering trade tensions between the US and other major economies are also contributing to increased risk-off sentiment, which favors the Yen over the Dollar. 4. Diverging Economic Data Between the US and Japan While the US economy has been showing signs of weakness, with disappointing retail sales and housing market reports, Japan’s latest GDP data surprised to the upside. The Japanese economy grew faster than expected in the last quarter, reinforcing the view that the country is starting to recover from its prolonged period of stagnation. This stronger economic outlook for Japan is providing additional tailwinds for the Yen. In contrast, US data continues to reflect a potential slowdown, leading traders to rethink their bullish stance on the USD. The combination of weaker economic performance in the US and stronger-than-expected growth in Japan is tilting the balance toward a bearish USDJPY outlook. 5. Technical Analysis and Market Sentiment From a technical perspective, the USDJPY pair has recently tested key resistance levels around 150.00 but failed to break higher, suggesting that a reversal may be underway. The pair is now trading closer to 148.50, with the potential to move lower if further downside pressure builds. Traders are watching for a break below the 148.00 support level, which could signal additional bearish momentum. Market sentiment, as indicated by the Commitment of Traders (COT) report, shows a slight increase in speculative short positions on the USDJPY pair, reflecting the broader expectation of near-term weakness in the USD. 6. Yen Intervention Concerns Another factor adding to the bearish bias for USDJPY is the potential for Japanese government intervention. In the past, Japan’s Ministry of Finance has intervened in the currency markets to support the Yen when it experiences excessive weakness. With USDJPY approaching levels that could trigger intervention, traders are cautious about pushing the pair higher, which is contributing to the pair’s bearish momentum. The Japanese authorities have issued warnings in recent weeks about excessive volatility in the Yen, and this potential intervention risk is helping to keep USDJPY in check. Conclusion: USDJPY Outlook for October 22, 2024 In conclusion, the USDJPY pair is expected to maintain a slightly bearish bias today due to several key factors, including the dovish Federal Reserve outlook, potential Bank of Japan policy shifts, and rising safe-haven demand for the Yen. The divergence in economic data between the US and Japan, coupled with technical indicators signaling downside potential, further strengthens the case for a weaker USDJPY pair in today’s trading session. Traders should keep a close eye on upcoming economic reports from both the US and Japan, as well as any potential intervention from Japanese authorities, which could impact the pair’s trajectory. For those trading forex, today’s market environment may present opportunities to capitalize on short positions in USDJPY. 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Short
by PERFECT_MFG
USD/JPY (READ DESCRIPTION) USD/JPY Pivot Point: 149.55 The pivot at 149.55 serves as a critical support level, signaling the potential for upward movement if the price holds above this point. Our Preference: Long Positions Recommended Trade: Long positions are favored as long as the price stays above 149.55, suggesting a potential for further upward movement. Target Levels for Upside Movement: First Target: 150.15 This level acts as an initial resistance point, where traders may evaluate profit-taking or further bullish potential. Second Target: 150.30 If the first resistance level is breached, USD/JPY could extend gains toward 150.30, indicating continued bullish momentum. Alternative Scenario: Downside Risks If the price drops below 149.55: Bearish Outlook: First Target: 149.35 Second Target: 149.10 These levels serve as potential support zones if a bearish reversal occurs. Technical Insights: RSI (Relative Strength Index): The break above 149.55 indicates a positive signal, with the RSI supporting further upside movement, reflecting increased buying interest. Support and Resistance Levels: As long as 149.55 holds as a key support level, the likelihood of continued bullish movement remains high. Momentum Indicators: The overall price action shows an upward trend, and momentum indicators such as MACD may confirm the potential for further gains.
by CharivapaAlgo
USDJPY Analysis: Potential Bearish Bias Amid Key Fundamental !Introduction On 21st October 2024, the USDJPY currency pair is showing signs of a slightly bearish bias due to evolving market conditions and fundamental factors. In this article, we break down the key drivers influencing the USDJPY forecast today and provide an analysis to help traders understand the potential for downside pressure on the pair. --- Key Drivers Influencing USDJPY Today 1. Dovish Federal Reserve Outlook The US Federal Reserve's recent statements have signaled a more dovish stance, suggesting a potential slowdown or even a pause in its tightening cycle. Despite lingering inflationary concerns, recent US economic data has shown signs of weakening in critical sectors such as manufacturing and services. This has dampened expectations for further aggressive rate hikes, causing the US Dollar to lose momentum against the Japanese Yen. As traders reassess the likelihood of future rate hikes, the USD's appeal has diminished, supporting a bearish outlook for USDJPY. 2. Bank of Japan’s Yield Control Strategy The Bank of Japan (BoJ) has maintained its ultra-loose monetary policy for an extended period, but recent speculation suggests the central bank could adjust its yield curve control (YCC) policy. There are increasing expectations that the BoJ may begin allowing longer-term bond yields to rise, which could indirectly strengthen the Japanese Yen (JPY). If the BoJ hints at policy adjustments in its upcoming meetings, this could fuel JPY bullishness, further pressuring USDJPY downward. 3. Weakening US Treasury Yields US Treasury yields have started to decline after reaching multi-year highs, reflecting market concerns about future US economic growth and the Fed’s dovish pivot. Lower yields reduce the attractiveness of US bonds for global investors, leading to a weaker USD. Since USDJPY often tracks the performance of US Treasury yields, this decline is a significant factor contributing to the pair’s bearish bias today. 4. Rising Geopolitical Risks Rising geopolitical risks, particularly in the Middle East and concerns over global energy markets, have increased the demand for safe-haven assets like the Japanese Yen. The JPY often benefits from such risk-off environments, as investors seek safety amidst heightened global uncertainty. As geopolitical tensions escalate, traders may increase their holdings in JPY, adding downward pressure on USDJPY. 5. US Economic Slowdown Recent US economic data has been mixed, with signs of slowing growth in areas such as retail sales, industrial production, and labor market indicators. A slowing US economy is weighing on the USD as investors become more cautious about the greenback’s prospects. The potential for reduced consumer spending and business investment dampens the outlook for the USDJPY pair, suggesting further downside risks. --- Technical Outlook From a technical perspective, USDJPY has been testing key resistance levels around 150.00, which has proven difficult to break decisively. If the pair fails to breach this psychological barrier, it may trigger further selling pressure. Additionally, the Relative Strength Index (RSI) is approaching overbought territory, signaling the potential for a reversal or correction in the coming sessions. --- Conclusion On 21st October 2024, the USDJPY pair appears to be leaning towards a slightly bearish bias, driven by a combination of a dovish Federal Reserve outlook, speculation of BoJ policy adjustments, weakening US Treasury yields, and rising geopolitical risks. As the market digests these factors, traders should remain cautious and consider downside opportunities in USDJPY, particularly if upcoming US economic data confirms a slowdown in growth. --- Keywords for SEO: USDJPY analysis, USDJPY forecast, USDJPY today, bearish bias USDJPY, Federal Reserve dovish, Bank of Japan policy, US Treasury yields, Japanese Yen strength, USDJPY key drivers, US economic slowdown, safe-haven assets, geopolitical risks, USDJPY technical analysis, USDJPY 21 October 2024.
Short
by PERFECT_MFG
USDJPY Analysis: Potential Bearish Bias Amid Key Fundamental !USDJPY Analysis: Potential Bearish Bias Amid Key Fundamental Drivers | 21 October 2024 Introduction On 21st October 2024, the USDJPY currency pair is showing signs of a slightly bearish bias due to evolving market conditions and fundamental factors. In this article, we break down the key drivers influencing the USDJPY forecast today and provide an analysis to help traders understand the potential for downside pressure on the pair. --- Key Drivers Influencing USDJPY Today 1. Dovish Federal Reserve Outlook The US Federal Reserve's recent statements have signaled a more dovish stance, suggesting a potential slowdown or even a pause in its tightening cycle. Despite lingering inflationary concerns, recent US economic data has shown signs of weakening in critical sectors such as manufacturing and services. This has dampened expectations for further aggressive rate hikes, causing the US Dollar to lose momentum against the Japanese Yen. As traders reassess the likelihood of future rate hikes, the USD's appeal has diminished, supporting a bearish outlook for USDJPY. 2. Bank of Japan’s Yield Control Strategy The Bank of Japan (BoJ) has maintained its ultra-loose monetary policy for an extended period, but recent speculation suggests the central bank could adjust its yield curve control (YCC) policy. There are increasing expectations that the BoJ may begin allowing longer-term bond yields to rise, which could indirectly strengthen the Japanese Yen (JPY). If the BoJ hints at policy adjustments in its upcoming meetings, this could fuel JPY bullishness, further pressuring USDJPY downward. 3. Weakening US Treasury Yields US Treasury yields have started to decline after reaching multi-year highs, reflecting market concerns about future US economic growth and the Fed’s dovish pivot. Lower yields reduce the attractiveness of US bonds for global investors, leading to a weaker USD. Since USDJPY often tracks the performance of US Treasury yields, this decline is a significant factor contributing to the pair’s bearish bias today. 4. Rising Geopolitical Risks Rising geopolitical risks, particularly in the Middle East and concerns over global energy markets, have increased the demand for safe-haven assets like the Japanese Yen. The JPY often benefits from such risk-off environments, as investors seek safety amidst heightened global uncertainty. As geopolitical tensions escalate, traders may increase their holdings in JPY, adding downward pressure on USDJPY. 5. US Economic Slowdown Recent US economic data has been mixed, with signs of slowing growth in areas such as retail sales, industrial production, and labor market indicators. A slowing US economy is weighing on the USD as investors become more cautious about the greenback’s prospects. The potential for reduced consumer spending and business investment dampens the outlook for the USDJPY pair, suggesting further downside risks. --- Technical Outlook From a technical perspective, USDJPY has been testing key resistance levels around 150.00, which has proven difficult to break decisively. If the pair fails to breach this psychological barrier, it may trigger further selling pressure. Additionally, the Relative Strength Index (RSI) is approaching overbought territory, signaling the potential for a reversal or correction in the coming sessions. --- Conclusion On 21st October 2024, the USDJPY pair appears to be leaning towards a slightly bearish bias, driven by a combination of a dovish Federal Reserve outlook, speculation of BoJ policy adjustments, weakening US Treasury yields, and rising geopolitical risks. As the market digests these factors, traders should remain cautious and consider downside opportunities in USDJPY, particularly if upcoming US economic data confirms a slowdown in growth. Keywords for SEO: USDJPY analysis, USDJPY forecast, USDJPY today, bearish bias USDJPY, Federal Reserve dovish, Bank of Japan policy, US Treasury yields, Japanese Yen strength, USDJPY key drivers, US economic slowdown, safe-haven assets, geopolitical risks, USDJPY technical analysis, USDJPY 21 October 2024.
Short
by PERFECT_MFG
USDJPY /BETWEEN FVG AREA / 4HUSDJPY / 4H TIME FRAME HELLO TRADERS The price is attempting to reach a Fair Value Gap (FVG) between 150.961 and 152.784. This suggests the price is in a critical area that could lead to potential buying or selling opportunities. There’s a possibility of the price retesting 148.340 before starting to rise. This indicates that the author believes the price might dip before moving upwards. The statement notes that the overall price is under bearish pressure, meaning there is a downward trend. The reference to remaining below the FVG indicates a struggle for the price to rise past this zone. If the price does not break above the FVG, the analysis suggests it may decline further, targeting the FVG between 148.340 and 146.430. This is interpreted as a confirmation of a downtrend. To confirm a downtrend, the price must break below the current FVG, aiming for a secondary FVG between 145.291 and 144.379. This indicates a bearish outlook if these levels are breached. UPWARD FVG : 150.961 and 152.784. DOWNWARD FVG : 148.340 and 146.430 , 145.291 and 144.379.
Short
by ArinaKarayi
USDJPY ready to fly! FA: USDJPY 🏛 Pressure on the yen is exerted by data on inflation in Japan. Thus, the national consumer price index in September decreased from 3% to 2.5%, while the index excluding food and energy prices slightly increased from 2% to 2.1%. The current inflation dynamics is unlikely to contribute to the realization of the Bank of Japan's plans for further tightening of monetary policy. At the same time, the regulator has repeatedly noted that it will not change monetary parameters during the period of high volatility in the market. 📊 In turn, the dollar received additional support after the release of data on consumer activity in the United States. Thus, retail sales in September rose from 0.1% to 0.4%. TA: 1. Uptrend on 1h time frame 2. Test ob on news in deep discount and nice bounce from it 4. Insane pin bar ( hammer ) on 1h time frame 3. liquidity sweep of Asian low 5. PDH as main target
Long
by Almenio
2
USDJPY Short from ResistanceHello Traders In This Chart USDJPY HOURLY 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
Long
by ForexMasters2000
USDJPY swing trade update. 800 pips done! We sent out our this next analysis exactly a month ago to our members at Fractals Trading Community: "After falling for almost a month, dollar has gained some strength in recent weeks and the Japanese currency intervention is seemingly slowing down, as we have seen some huge bullish moves on other pairs. As seen on chart, the price has hit the weekly 0.618 fib level and the VWAP drawn from the start of the second quarter(March). For our TP levels we target 146.55; 149 and 152. Will update next week." (linked idea) Setup is currently running with 2 TP levels already hit. Will send a new analysis next week. This analysis is taught and provided by Fractals Trading. Trade safely and expect the unexpected, Mei
Long
by martinmei
1
USDJPY → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone USDJPY moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
3
USD/JPY eyes break of 150 and 200-day MA retestThe recovery from 140 has been nothing short of impressive. The daily RSI is confirming the rising prices on the daily chart, and momentum suggests USD/JPY wants to head for the 200-day MA around the 151 handle. There are some concerns that that inflation could pick up due to the hot NFP report, so we may find that pre-emptive bets prompt a break of the August high to bring 150 into focus. Even if prices retrace lower first, dips are preferred and the bias is for an eventual move to 151.
Long
by CityIndex