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Usdjpyforecast

USDJPY SHORT TERM TRADE IDEAThe price is extremely bullish in all major time frames. If we look at the non-commercial's positions, we can see that short are aggressively increasing in JPY. Meaning JPY is getting weaker. Monthly: The price is in the retracement phase. If you take the fib form low to high of the retracement, .5 fib level is in confluence with important structure that the price respected. Daily The price created the 123-pattern stablishing a low. The price liquidated important sell side liquidity. We can expect the price to chase important buy side liquidity. Non-commercials are aggressively adding shorts in JPY. This mean that they are selling the JPY aggressively. JPY long positions: 40,736 short: 136,929. Added last week short: 3,976 long: 19,509 As you can see short are way more and they keep aggressively adding more shorts.
Long
by Wiiso
6
USDJPY: Movements in a volatile market!The hurdle for raising rates this month is higher, implying fresh US Dollar falls The Consumer Price Index (CPI) report is the final significant piece of information before the bank's decision. However, it's doubtful that it will alter the current situation. The bank's inclination to take a break, as indicated by May's Nonfarm Payrolls and echoed by Fed Chair Jerome Powell, suggests that they will stop raising interest rates. As bond markets haven't priced in this possibility entirely, there's potential for the US Dollar to weaken further in conjunction with returns on US debt.
Short
by Sphyn-Trader
2
USDJPY: The correction and the opportunity of the sellers!technical analysis: The price line for USDJPY experienced a slight correction, leading to a decrease and breaking of the uptrend line. The Relative Strength Index (RSI) is currently below the average of 43.59 and maintaining its position at the support level. The Exponential Moving Average (EMA) with values of 34 and 89 is still above the price line, forming a dynamic resistance area. With these indicators, there is a high likelihood of a decrease in USDJPY. Market analysis: In the Tokyo session, the USD/JPY pair is trading back and forth below 140.00. However, it is anticipated that the asset will continue its downward trend since the USD Index's upward movement is expected to remain limited until the United States Employment data is released. Following a lackluster Tuesday, the S&P500 futures have made marginal gains during the Asian session. The market sentiment appears to be subdued as investors anticipate the release of complete US labor market data. Plan trade in the intro
Long
by Sphyn-Trader
4
USDJPY: Japan's recession and the return of the US economyTechnical analysis: The temporary downtrend line has been broken by the price line. Currently, a smaller bearish pattern is forming, but there is a trend reversal in the RSI. If there's a small amplitude sideways, the two indicators, EMA 34 and EMA 89, won't have a significant impact. Fibonacci generates effective psychological resistances, which provide valuable entry information. the latest news from the market: Investors overlooked the US ISM Services PMI's disappointing release on Monday, and the US Dollar has regained positive traction, acting as a tailwind for the USD/JPY pair. The intraday USD uptick could be attributed to an uptick in the US Treasury bond yields but is expected to remain limited as the markets anticipate an imminent pause in the Federal Reserve's policy tightening cycle. The markets are now pricing in a higher chance that the US central bank will leave interest rates unchanged at the end of a two-day policy meeting on June 14, which may hold back the USD bulls from placing aggressive bets. Additionally, the possibility of Japanese authorities intervening in the markets may keep a lid on any significant appreciation move for the USD/JPY pair, at least for now. Moreover, the current cautious mood around the equity markets may favor the JPY's relative safe-haven status. However, a more dovish stance adopted by the Bank of Japan (BoJ) could continue to undermine the JPY and limit the downside for the USD/JPY pair. As there is no relevant macro data from the US, aggressive traders should be cautious due to the mixed fundamental backdrop.
Long
by Sphyn-Trader
5
USDJPY: Main trend!In Asia, S&P500 futures have surged, indicating an increase in the market participants' risk appetite. Market sentiment is optimistic as the Federal Reserve's interest rate decision is likely to result in a neutral policy stance. The US Dollar Index (DXY) has shown a slight correction around 103.60 after a decent rally. The USD Index is expected to perform sideways as the release of the US CPI will offer further guidance. US Treasury yields are choppy ahead of the inflation data, with 10-year US Treasury bond yields climbing above 3.76%. Preliminary reports indicate that headline inflation is softening to 4.2R% compared to the previous release of 4.9% on an annualized basis. Lower oil prices have slowed down the overall inflation rate. However, core CPI, which excludes the impact of oil and food prices, is expected to marginally increase to 5.6% from the previous release of 5.5%. The scrutiny of the preliminary US inflation report shows that households' demand for durables and services is consistently rising, putting pressure on Fed policymakers for hawkish guidance. Meanwhile, the Bank of Japan's (BoJ) interest rate decision will keep the Japanese Yen in the spotlight. BoJ Governor Kazuo U
Short
by Sphyn-Trader
Will USD/JPY go bullish again? Read analysis with key levelsDear traders, USD/JPY is getting some support from the EMA in the 4Hour chart. Price has rebounded after hitting the EMA. You can also see the formation of a triangle pattern in the chart. If USD/JPY manages to break through the upper trend line of the triangle, then we can see the next leg of bullish move. However, 140.80 is a key level that can offer strong resistance . Either way, you must follow the price action closely before executing your trade.
by YourLazyTrader
4
USDJPY Long Term Selling IdeaHello Traders In This Chart USDJPY HOURLY Forex Forecast By World of Forex today USDJPYD 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 Video 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 forexplanet797
USDJPY Analysis: New Week Perspective and Follow-Up DetailsThe U.S. Dollar was steady amidst the debt ceiling impasse while the Japanese Yen recorded a significant drop making it among the worst-performing Asian currencies in the previous week. Softer-than-expected Tokyo inflation data on Friday spurred more expectations that the Bank of Japan will hold off on tightening policy this year, although the reading was still well above the BOJ’s 2% annual target. Is the current market structure mature for profit-taking activities despite the stronger-than-expected consumer spending in April which is generally seen as an excuse for the Federal Reserve to hike interest rates again in June? In this video, our technical dissection identified a simple setup that can aid us in making informed trading decisions ahead of the new week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
USDJPY: fed hawks and new developments!USD/JPY eyes 141.00 as upbeat US households’ spending supports hawkish Fed stance Fundamental technical analysis: The market price line is being consistently followed by the 34 EMA, resulting in a stable uptrend over a period of time. The RSI has returned to a safe and stable level of 60.5. To minimize the FVG zones, there is a forecast of a slight sideways trend before the news is released. Financial market analysis: The US Dollar (USD) slightly bounced back after a brief dip in profit-taking during the day. This was due to the US Bureau of Economic Analysis (BEA) reporting an increase in the headline PCE Price Index by 0.4% in April, compared to the previous month's 0.1%. Moreover, the yearly rate accelerated to 4.4%, exceeding expectations for a fall to 3.9% from March's 4.2%. Further details showed that the Core PCE Price Index, which is the Fed's preferred inflation gauge, increased to 4.7% from 4.6%, beating consensus forecasts. These results reinforced the market's belief that the Federal Reserve (Fed) will keep interest rates at higher levels, which supports the Greenback. This, in turn, acts as a tailwind for the USD/JPY pair. Currently, the markets are predicting over a 50% chance of another 25 bps lift-off at the June FOMC meeting. This is supported by a rise in the US Treasury bond yields, which widens the US-Japan rate differential and encourages the flow of funds away from the Japanese Yen (JPY).
Long
by Sphyn-Trader
6