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Usdjpyidea

Anticipated massive dropThe demand zone changed the market structure by going bullish in advances of volatility contraction, the market was creating and breaking highs to the peak which created a supply zone. A minor drop occurred and made a swing high to mitigate the supply. Price then dropped to violate the inducement and made a pullback to the breaker. By the look of things this breaks is being respected, if price doesn’t push up to the swing high then this current scenario will be the ultimate drop to the breaker as the initial target…
by tokelohomi
USDJPY: Technical Overview The USD/JPY pair scales higher for the fifth successive day on Wednesday and climbs to over a two-week high during the early European session. Spot prices currently trade around the 137.00 round-figure mark, which bulls now awaiting a move beyond a technically significant EMA34 and EMA89 before placing fresh bets. Fundamental Overview The Japanese Yen (JPY), on the other hand, is weighed down by a more dovish stance adopted by the Bank of Japan (BoJ). It is worth recalling that BoJ Governor Kazuo Ueda said last week that it was too early to discuss specific plans for an exit from the massive stimulus program. This, along with a modest uptick in the US equity futures, undermines the JPY's safe-haven status and remains supportive of the USD/JPY pair's ongoing positive move. That said, a modest downtick in the US Treasury bond yields might hold back bulls from placing aggressive bets.
Long
by Sphyn-Trader
3
Short UJ on 2nd test of 50% level on Sunday Night / Monday UJ traded lower on Friday and could be in for a minor top here. I'm looking for a retrace of the latest up move that has seen it rally into the 138's-139s. In the sharp downdraft late morning NY, UJ setup a short setup for additional downside in USDJPY. Look for a move back up to the 138.10 area. We encoun6tered resistance and traded away lower from this area. I am expecting a 2nd test of this area and if it does, could offer a compelling reward to risk ratio and an opportunity to get short for a move back into 135-136 area. This could be a multi-day swing trade to enter on a tight stop near the level and when it starts going your way, bring your stop to break even and let it work. Add on any spikes up as needed. And, remember to trail the move down with a 61.8% trailing stop,
Short
by CeresTrader
USDJPY | Perspective for the new week | follow-up detailsMany are still expecting a Fed pause next month but the jobs market isn't cooperating as it record a 13th straight month of non-farm payrolls beating the consensus estimate. A crisis of confidence among regional and mid-sized U.S. banks, which first broke out in March, has also resurfaced, and adding to these concerns is the potential U.S. debt default, the first-ever if Republican lawmakers in Congress continue their political wrangling with the Biden administration instead of having the debt ceiling raised. In this video, we have taken the time to dissect the current USDJPy chart from a technical standpoint to decipher the likely potential of price movement in the coming week. Technically, a bullish momentum is foreseen but when and how it will happen is the bone of contention. 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
USDJPY: Opportunity for buyers!Fundamental Overview The Bank of Japan (BoJ) Governor Kazuo Ueda made some statements that were perceived as hawkish, causing the Japanese Yen (JPY) to experience a slight increase. This resulted in a bit of downward pressure on the USD/JPY pair. During a parliament session, Ueda expressed confidence that Japan's economy was improving and inflation expectations were still high. He also stated that the central bank plans to end its yield curve control policy and reduce its balance sheet after inflation reaches the 2% target sustainably. Plan trade in the intro
Long
by Sphyn-Trader
15
USD/JPY Analysis: Bullish Momentum Building for BreakoutIn this USD/JPY analysis, I will anticipate a potential bullish movement as the market approaches a crucial juncture. Currently, the price is consolidating near an important order block, coinciding with a significant trendline that has acted as a key support level in the past. This analysis suggests that a breakout above the order block and trendline could lead to a surge in buying pressure, potentially taking out liquidity levels on the upside. Traders with a bullish bias might find this an opportune moment to consider long positions. However, it's important to exercise caution and await confirmation of the breakout. Keep a close eye on price action, volume, and market indicators to validate the bullish momentum. Additionally, implementing proper risk management strategies is crucial to protect against unforeseen market fluctuations. As always, it's essential to conduct a thorough analysis and consider multiple factors before making trading decisions. Stay informed and adapt your strategy based on real-time market conditions. Happy trading!
Long
by Dion-FX
USDJPY: Good opportunity for buyers!Fundamental Overview If the Federal Reserve were to hold its meeting today, it would likely keep interest rates at their current level due to the uncertainty surrounding the banking industry. However, market conditions can change rapidly, and if there are no sudden bank failures over the weekend, there is a good chance that the Fed will increase rates by 25 basis points. The Fed tends to continue raising rates until there is an issue, and if the only issue is with SVB, then high inflation rates will likely prompt further hikes. This will result in a stronger US dollar and eventually, a decrease in stock prices once investors realize that no new bank failures have occurred. Buy GOLD when price breaks the box!!!!
Long
by Sphyn-Trader
5
USDJPY: The seller is back!Fundamental Overview Over the last two decades, the US Dollar's share of the global market has declined from 71 percent to 59 percent, and there is a possibility of further reduction in the future. This decline has an adverse impact on the United States as currency usage in the global trade market works on a zero-sum basis. When other currencies like Yuan, real, or Rupee are used in global trade, it reduces the usage of the US dollar. If the credible alternatives of the US dollar get popular, it will weaken America's dominance in the global market. US Dollar's position as the primary global reserve currency is being challenged Plan trade in the intro ♥
Short
by Sphyn-Trader
7