USDJPY - Long after a retracement ✅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. After news on JPY price has a strong impulse, I wait for a retracement to fill the imbalance lower and then to reject from bullish order block
Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news.
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Usdjpylong
USDJPY I Potential long from support Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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USDJPY: Today's (November 3) USD exchange rate: Following the...The US dollar kept falling during the most recent trading session as traders gambled that the US Federal Reserve (Fed) had finished tightening its monetary policy and decided to hold interest rates steady.
As a result, the Fed resolved at its policy meeting in November to maintain current interest rates while assessing the financial landscape to gauge its capacity to contain inflation. Fed funds futures indicate that there is less than 20% likelihood that the Fed will raise interest rates in December, but investors continue to support the belief that US interest rates have peaked. Stocks have recovered as a result of that viewpoint increasing investors' risk appetite.
The dollar weakened 0.3% versus the Japanese yen to 150.44, retreating from this week's one-year high
USDJPY Buy IdeaUSDJPY seems to be gathering between price areas 150.300 - 150.500 to potentially breakout into a buy.
MA indicators and the DXY charts also support the idea that the dollar will see another small rise similar to last week.
Buy Entry: 150.600
Targets: 150.830 | 150.950 | 151.085 | 151.260
Resistance: 151.400
If price drops below 150.000 the pairing could go short
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USDJPY 4H : New forecast USDJPY
New forecast
The USD/JPY pair bounced significantly after testing the 151.00 areas, breaking the support of the ascending channel and starting a downward correction.
Therefore we expect the correction is end and upward trend scenario will be more likely supported by moving average 50 and Breaking 150.46 and stabilized above it will make it easier for the price to achieve the suggested target began 151.00 and extend to 151.50, taking into account that stabilized under 150.00 will end the bullish waves and put the price under sell pressure .
The expect range trading for today it will between resistance line 151.00 and support line 150.00.
Additionally ,Today News will affect the market .
support line : 150.00 , 149.41
resistance line : 150.46 , 151.00
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Ride the Wave of Yen Drop Against Dollar
As you may already know, the Japanese Yen has been experiencing a significant drop against the US Dollar due to the Bank of Japan's (BOJ) strategic move of buying bonds to curb the rising yield. This development has created a highly favorable environment for traders looking to long USDJPY and capitalize on this exciting trend.
The BOJ's proactive measures to slow down the rising yield have effectively weakened the Yen, creating an ideal scenario for traders seeking to profit from the currency pair's movement. This drop opens up a window of opportunity for those who are ready to take advantage of the situation and potentially reap substantial rewards.
Now, you might be wondering, "How can I seize this opportunity and maximize my profits?" Well, the answer lies in considering a long position on USDJPY! By going long on this currency pair, you position yourself to benefit from the Yen's decline against the Dollar. This trade could potentially yield remarkable returns if timed correctly.
So, what are you waiting for? Don't miss out on this thrilling chance to ride the wave of the Yen's drop against the Dollar! Take action now and consider opening a position to long USDJPY. With careful analysis, a well-executed strategy, and the right timing, you could be on your way to securing substantial profits.
Remember, timing is crucial in the world of trading, and this opportunity might not last forever. Stay ahead of the curve and make the most of the current market conditions. Embrace the excitement, seize the moment, and let your trading skills shine!
If you require any further information or assistance in making the most of this opportunity, please do not hesitate to reach out to our expert team. We are here to support you every step of the way.
Wishing you an exhilarating trading experience and remarkable success!
USDJPY 4H :Support further rise USDJPY
New forecast
The dollar/yen pair rose strongly to cross and settle above the 151.00 barrier, reinforcing expectations that the upward trend will continue to dominate in the long term, paving the way for additional gains of up to 152.50.
Therefore the upward scenario will be remain valid and affective supported by moving average 50 that is continues to support the price to rise up but the current negativity may cause some temporary sideways fluctuation before resuming the proposed rise, so may the price try to do negative correction to 151.00 and then rise up,taking into account that the upward trend which will remain in place provided that the price maintains its stability above the 150.46 level.
The expect range trading for today it will between resistance line 151.76 and support line 151.00.
Additionally ,Today News will affect the market .
support line : 151.00 , 150.46
resistance line : 151.50 , 152.50
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Yen Weakens against Dollar as BOJ Adjusts Monetary PolicyThe Japanese yen weakened beyond 151 against the mighty dollar, thanks to the Bank of Japan's (BOJ) recent adjustments to its monetary policy.
The winds of change are blowing in our favor, and it's time to seize this moment and take action! By going long on USDJPY, we can potentially capitalize on this favorable market trend and secure significant gains. The BOJ's limited adjustments to their monetary policy have created a fertile ground for us to explore and maximize our profits.
Why should you consider going long on USDJPY, you ask? Well, let me break it down for you:
1. BOJ's Monetary Policy Adjustments: The BOJ's recent tweaks to their monetary policy indicate a shift towards a more accommodative stance, which typically leads to a weaker yen. With the yen already breaching the 151 mark against the dollar, this provides an excellent opportunity to ride the wave of yen depreciation.
2. Favorable Dollar Strength: The US dollar has been flexing its muscles lately, exhibiting strength against various major currencies. By pairing it with the weakened yen, we have a powerful combination that can potentially amplify our gains.
3. Potential for Increased Volatility: As the yen weakens and the market reacts to the BOJ's policy adjustments, we can expect increased volatility in the USDJPY pair. For experienced traders like us, volatility often translates into profitable opportunities.
Now, it's time for action! Take advantage of this exciting market development and consider going long on USDJPY. Remember, the key to success lies in seizing opportunities when they arise, and this is undoubtedly one of those moments.
As always, remember to conduct thorough research, employ proper risk management strategies, and consult with your trusted financial advisor or broker before making any trading decisions.
Wishing you fruitful trades and a prosperous journey in the forex market!
Ready to ride the wave of yen depreciation? Don't miss out on this incredible opportunity! Take action now and go long on USDJPY to potentially maximize your profits. Remember, the forex market waits for no one, so seize the moment and make your move today!
USDJPY I Pullback and continued bull runWelcome back! Let me know your thoughts in the comments!
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USDJPYThe USD/JPY pair encountered downward pressure yesterday, dropping to the 148.807 level before reversing its direction upwards, hitting the uptrend line and consolidating above the resistance line at 149.315. This suggests that the market is likely to sustain an upward trajectory. Sustaining trade above this level is expected to serve as a driving force for the price to reach 150.426.
However, if the price breaks below 149.315, it may halt the upward movement and gradually initiate a bearish trend.
USDJPY: Yen appreciates ahead of BOJ meetingWith the yen weaker than it was last week when it reached a one-year high of 150.78, USD/JPY dropped 0.1% to 149.50.
The focus will be on the BOJ meeting's conclusion on Tuesday, when it is anticipated that the central bank would make additional announcements regarding its policy to manage the yield curve. High rates of inflation and the sharp fall in the value of the Yen are problems facing this product.
A revival of Japanese consumer inflation is indicated by recent data, and this could lead the Bank of Japan to announce plans to tighten its incredibly lax policy.
USDJPY: Asian foreign exchange little changed; Central banks areWith the Japanese Yen stable below 150, BOJ is the main focus.
Monday saw a small increase in the value of the Japanese yen, which last week dropped to a one-year low and is now trading below 150.
With high inflation and a badly weakened economy, the spotlight is firmly on the outcome of the BOJ meeting on Tuesday, when the central bank is expected to likely announce more adjustments to its yield curve management program.
A rebound in consumer inflation in Japan was seen in recent statistics, which traders speculated would force the BOJ to revert its ultra-loose policy. The bank's negative interest rate policy is expected to terminate in 2024, according to analysts.
The yen, which is among the worst-performing Asian currencies this year, stands to gain from any tightening measures taken by the BOJ.
Conservative bullish USD/JPY setupThe USD/JPY pair is exhibiting a bullish sentiment due to the US's economic resilience and the recent slump of the Yen. The pair is approaching a significant level of 150, which is being closely watched by the market for possible intervention by Japanese monetary authorities. The Federal Reserve and the Bank of Japan's policy decisions, along with upcoming economic events, are expected to significantly influence the pair's movement. Although there's a bullish tendency, caution is advised due to the potential for intervention around the 150 level.
Entry Point: 148.50 (on a retracement).
Stop Loss: 147.50 (100 pips cushion to manage downside risk).
Take Profit 1 (TP1): 150.00 (conservative target considering the potential for intervention around this level).
This setup aims to capture a bullish move while exercising caution around the significant 150 level.
USDJPY - Long Trade Idea (ICT)Based my bullish bias for the US Dollar (DXY), I am expecting USDJPY to head higher as well.
Last week price traded to a clear 4-hour Order Block before retracing and ending the week. Now there are 2 general areas where I expect price to move higher from and create new highs.
1. There are a few PD Arrays with my interest in this area, most of them overlapping. At the very least, I am anticipating the 8-hour Bisi to be traded into, and possible digging into the 45-minute Bisi and subsequent Order Blocks below.
2. There is an Order Block with a 2-hour Bisi in this zone. I could permit price to come into this area if price action was slow to get there, or if it were fast to get there I would allow for a sharp rejection.
- R2F
Alert: Yen's Weakening Against Dollar Raises Intervention Risk Over the past few weeks, we have observed a steady decline in the value of the yen against the dollar. This trend has raised serious concerns about the possibility of intervention by the Japanese government or central bank. As traders, it is essential that we consider the potential implications of such intervention and take appropriate action to safeguard our positions.
Given the current state of affairs, I strongly urge you to consider going long on the yen. However, it is equally important to remain cautious and closely monitor any signs of intervention by Japanese authorities. The intervention risk is real and could significantly impact the yen's value in the market.
To ensure you make informed decisions, I encourage you to keep a close eye on key economic indicators, news releases, and any statements from Japanese policymakers. Additionally, staying updated on market sentiment and expert analysis will be invaluable in navigating this uncertain landscape.
As we move forward, let us remember that risk management is of utmost importance. While there may be opportunities to profit from the yen's weakening, it is crucial to have a well-defined risk management strategy in place. This will help protect your investments and mitigate potential losses in case of unexpected market movements.
In conclusion, I want to emphasize the importance of being proactive and prepared in these challenging times. By going long on the yen while remaining vigilant for potential intervention, we can position ourselves strategically to take advantage of market opportunities while minimizing risks.
Should you have any questions or concerns, please do not hesitate to comment below. Let us support each other and collectively navigate through this period of uncertainty.
Daily Wave Rider - USDJPY - BUYUSDJPY
Channel: GREEN
WK Pivot: GREEN
AOB: WP
CON: EngB
BUY Stop: 149.956
Stop Loss: 149.314
TP01: 150.598
TP02: 151.882
DWR present as a buy setup on 25 OCT, with Channel and Pivot are green bouncing off weekly pivot
However, trade is not taken/considered
SPX500: SELL
DXY: UNSURE
OIL: BUY
GOLD: BUY
USDJPY back to 150. Is this a positive signal for investorsUSDJPY touched 150.eleven early withinside the Asian consultation earlier than falling barely because the USD got here below strain from options-pushed selling. The pair is presently buying and selling round 149.93.
Investors are carefully downplaying JPY because of the chance of presidency intervention. Finance Minister Shunichi Suzuki stated closing week it became critical to have balance withinside the forex marketplace and that volatility ought to mirror essential analysis.
Yukio Ishizuki, senior currency strategist at Daiwa Securities (Tokyo), said, ``The US dollar/yen pair broke through the 150 mark during a period of low liquidity, probably due to the influence of speculators.'' Concerns will limit upside. People will continue to be nervous. ”
Fukuhiro Ezawa, head of Tokyo Financial Markets at Standard Chartered Bank, said, ``The rapid fall of USD/JPY from 150 is a sign that algorithmic funds are increasing their sell orders due to concerns about interference.''
The large interest rate differential with the United States is the cause of the weak yen, and the yield on 10-year U.S. bonds is 4.96%, nearly six times higher than the yield on Japanese government bonds with the same maturity (0.835%). Differences in monetary policy exacerbate the situation. The Bank of Japan said it will continue to maintain supportive policies to achieve a stable and sustainable 2% inflation target. Investors continue to monitor geopolitical tensions in the Middle East as they await the Bank of Japan's monetary policy meeting on October 30-31.
Investors also welcomed a Nikkei report that Bank of Japan officials are considering whether to adjust its yield curve control program as domestic long-term interest rates rise in line with the U.S.. The source of the information was not identified in the report.