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Usdjpylong

USDJPY: LONG!The USD/JPY pair is showing signs of a cautious market sentiment, with its recovery from the previous day's decline fading around 144.60. This could be attributed to concerns about Japan intervening in the market to protect its currency, as it hovers near its highest levels in eight months. Additionally, fears of a recession signaled by the inversion of US Treasury bond yields are also posing challenges for buyers of USD/JPY. Japanese Finance Minister Shunichi Suzuki has stated that he is closely communicating with the US on foreign exchange matters, while the nation's top currency diplomat, Masato Kanda, is engaging with various countries including the US on currency issues. Furthermore, the inversion between the US 10-year and two-year Treasury bond yields has reached its highest level since 1981, sparking renewed worries of a recession. This is due to expectations that the Federal Reserve will raise its benchmark borrowing rates to control inflation. The two-year Treasury bond yields have dropped to 4.85%, while the 10-year counterpart fell to 3.78%. It is important to note that both benchmark yields ended Monday's trading at approximately 4.93% and 3.86% respectively.
Short
by Sphyn-Trader
6
USDJPY – Did the market overreact to the weaker NFP data? Yes, I do think it was an overreaction. Looking at recent price action we can see how bullish the pair was. This was a solid long trade that got halted at 140.00. After a few days of consolidation, price broke out and a climb to 144.00 was easy. Consolidation followed again and my expectation was that we would soon get to 148.00 (see my posts of 17 June and 01 July). But then came the NFP data and this pair plunged really hard. My bullish bias however has not yet changed, I will not take a short. I expect the buyers will step in either at the intermediate support in the 141.20 area or the big one at 140. Patience is always key, waiting for bullish evidence important. My overall target remains in the 150's. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more. What do you think about this trade idea? Please comment and share your thoughts!!
Long
by Trading_Vista
5
📈 USDJPY Potential Reversal and Trade Plan 📉Based on recent market analysis, I have identified a potential reversal opportunity in the USDJPY currency pair. Please note that this is not financial advice, but rather an observation for informational purposes. Always conduct thorough research and consider your risk tolerance before making any trading decisions. Instrument: USDJPY Trade Plan: Trend Observation: Today, USDJPY broke its bearish trend. Reversal Confirmation: If the price does not make any further lower lows (LLs), it may indicate a possible reversal. Key Level: The previous lower high (LH) is at 139.759, which will be used as a reference for a higher high (HH). Trade Parameters: Entry Price: 139.80 Stop Loss: 138.154 Take Profit 1 (TP1) (Risk-Reward Ratio of 1:1): 141.446 Take Profit 2 (TP2) (Risk-Reward Ratio of 1:2): 143.092 Please note that these levels are provided as potential targets based on the observed trend and historical price action. It's important to adjust your position size and risk management strategy accordingly. Always monitor the market closely and consider implementing stop-loss orders to protect your capital. Remember, trading involves inherent risks, and past performance is not indicative of future results. It's crucial to perform your own analysis and consult with a qualified financial advisor before making any trading decisions. Happy trading, and may the markets be in your favor! 🚀💰
Long
by T-Q
USDJPY - Is This Just A Healthy Pullback?Analysis: Recently price has just been heading higher and higher on this pair, and we've been looking to catch this move for a while now but we needed to stay patient and wait for a pullback and that's exactly what we might have now. Price has pulled back to a key level of prior resistance and as we know, resistance often becomes support, so this is starting to look like a potential place to enter long. We're also still in an upwards trend as the most recent higher low hasn't been broken so this move to the downside is just a healthy pullback rather then a break of structure. At our area of previous resistance now turned support we also have the 61.8% fib retracement level which is often classed as the strongest fib retracement level so we'd expect that buyers would be sat at this area wanting to hold price and push it higher. On top of that we also have an upwards trendline touch, which acts as dynamic support, so we'd expect buyers to also be sat at this area wanting to hold price and push it higher. All of these technical confluences line up together and signal that this area could hold and provide bullish momentum so we like the look of this. We don't just have the technicals on our side but we also have the fundamentals too. Fundamentally the USD is the strongest major currency compared to the JPY which is the weakest major currency, so this massively goes in our favour. As of the most recent report for institutional positioning we saw the USD stay pretty bullish whereas for the JPY we saw an increase in long positions but we also saw an almost 2.5 times bigger increase in short positions compared to long positions opened. This signals that there is still more possible bearishness to come for the JPY, making it favourable to short rather then going long. With all of the technicals and fundamentals lined up together we have a very strong bias to the long side of USDJPY. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
4
USD/JPY bears are at risk of being 'caught short'USD/JPY has been playing nicely with our analysis of late, having rallied to 145 and close the 300-pip liquidity gap we warned of before accelerating lower this week in line with our bearish bias. But given levels of support nearby and a few metrics on hand, bears may want to be cautious around current levels. USD/JPY is trying to close lower for a fifth day - which is a bearish sequence not seen since December (and April 2021 prior to that). It's current 5-day decline is also its most bearish since December, and 5-day moves between -3.5 to -5% tend to snap back higher. But it is also around the midway point of the congestion zone which formed in June, which are areas which can prove to be 'sticky' once retested. With all these clues combined, we suspect a pause in the bearish move is imminent at a minimum (if not, a countertrend move seems more likely). Whether it can bounce hard and fast today is likely dependent upon whether US inflation comes in hot or not. But with so many indication of an inflection point, bears may want to refer to lower timeframes fore their shorts to avoid getting 'caught short' at the end of the cycle.
by CityIndex
USDJPY – What's the intervention threshold? USDJPY – What's the intervention threshold? In September of last year, the Bank of Japan (BOJ) made a move in the market to strengthen its currency when it reached 145 against the USD, marking the first such intervention since 1998. This action was taken following the BOJ's decision to maintain an extremely accommodative policy (a policy that is yet to change still). The BOJ intervened once more in October when the yen further plummeted to its lowest level in 32 years, reaching 151.94 against the dollar. At present, investors hold a substantial short position in the yen, valued at $9.793 billion, representing the largest such position in the USDJPY since May 2022. This value has nearly doubled in just the past three months. Notably, former Japanese Vice Finance Minister Eisuke Sakakibara has suggested that the USDJPY could reach 160 before the BOJ intervenes once again. However, the USDJPY has recently built a bit of a buffer between itself and whatever the intervention threshold is for the BoJ. Over the past two trading days, the US dollar has weakened, largely due to remarks made by Federal Reserve officials. These statements have strengthened the belief that the US central bank is nearing the end of its tightening phase. It is widely anticipated that Fed policymakers will implement a rate increase during their upcoming meeting this month, which would set the policy rate range at 5.25% to 5.50%. However, the timing of any subsequent rate hikes remains uncertain. There are questions whether they will raise rates again in September, delay until November, or maintain the current stance and allow inflation to naturally subside over time. Consequently, the US dollar has experienced a decline against the yen, reaching a low of 141.32 yen, the lowest level observed since June 21. Currently, it is down 0.5% at 141.328. This drop follows a decrease of nearly 1.3% seen last Friday when the US nonfarm payrolls for June fell short of market expectations at 209,000.
by BlackBull_Markets
Cup & Handle Breakout in USDJPYUSDJPY did breakout from cup and handle formation at 138 zone. The price retraced toward the breakout zone and was hovering sideways for 8-10 trading sessions before finally pushing on the bullish side (on the US Dollar). The price seem to have completed the retracement after the breakout at 138 zone and looks ready to continue upward in the direction of the breakout. Longs can be initiated on the USDJPY pair for 148.85 as the measured move target. SL below 138.40. Note, BoJ may come to interrupt the bullish flow of this chart once again, so be nimble and prepared to reverse positions upon any plausible bearish central bank action.
Long
by vipulmehta817
6
SHORT - USDJPY (2 Jul 2023)Position Trade - USDJPY *Need confirmation Monthly: - 6M, 3M and monthly chart shows that price is continuing to make higher prices As price has broke historical price, any trades for BUYS need confirmation. Going by the trend, price is expected to rebound downwards to demand zone. Therefore, traders can look for confirmation sells before going big on BUY trades. Daily - Price needs to break the demand zone (highlighted) in the Daily chart before the SELL zone can be activated In the long run, this pair is more profitable in LONG trades than SHORT trades. Once SELL orders are activated, the P/L needs to be managed closely. LONG trades can be found in the Weekly Chart (purple lines)
Short
by angieh
USDJPY still going strong .. the week of 03 JulyAs I anticipated in my post of 17Jun, this pair is likely to get to the 150’s. From the mid 141’s we are now in the 144’s and I do not see any reason why the trend will change any time soon. The trend is quite clean, the wicks are quite small and pullbacks are not deep either. Bearing in mind that the trend can become more volatile at any time, I remain with my bullish bias and my next target will be in the 148 region. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more. What do you think about this trade idea? Please comment and share your thoughts!!
Long
by Trading_Vista
7
Exciting News! Yen Hits a New 7-Month Low Against the Dollar 🚀 The USD/JPY forex pair is currently on fire, and the low volatility in this trading duo presents us with an incredible opportunity to maximize our profits. This is the perfect time to jump into the action and ride the wave of success! Why should you be thrilled about this news? Well, let me break it down for you: 1. Yen at a 7-Month Low: The Yen has reached its lowest point against the Dollar in the past seven months. This indicates a significant shift in the market dynamics, favoring the Dollar. The USD/JPY pair is ripe for exciting trading opportunities! 2. Increased Profit Potential: Low volatility in the USD/JPY pair means the price movements are relatively stable, making anticipating and capitalizing on market trends easier. We can seize this opportunity to maximize our profits with a well-informed strategy and careful analysis. 3. Favorable Trading Conditions: The current market conditions are highly advantageous for trading USD/JPY. The low volatility allows for smoother trading experiences, reduced risk, and better entry and exit points. It's like having the wind at our backs, propelling us toward success! Now, here comes the exciting part – the call to action! I encourage you to seize this golden opportunity to start trading the USD/JPY forex pair with low volatility. Here's what you need to do: 1. Conduct thorough analysis: Dive into the market charts, study the trends, and identify potential entry and exit points. Knowledge is power, and the more informed you are, the better equipped you'll be to make profitable trades. 2. Develop a solid trading strategy: Craft a well-thought-out plan that aligns with your financial goals and risk tolerance. Use technical indicators, fundamental analysis, or expert advice to enhance your process. 3. Stay updated and connected: Monitor the latest market news, economic indicators, and potential events that may impact the USD/JPY pair. Stay connected with fellow traders, share insights, and leverage the power of collective knowledge. Remember, success favors those who act. So, let's dive into the exciting world of trading USD/JPY with low volatility! Feel free to reach out if you have any questions, need assistance, or want to share your trading experiences. Just comment away!
Long
by bryandowningqln
4
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn this video, we delve into a comprehensive technical analysis of USDJPY, focusing on its bullish and bearish sentiments through price action analysis. Join us as we uncover potential trading opportunities for the upcoming week by identifying key support and resistance levels within the 4-hour timeframe. On Friday, the Japanese Yen experienced a decline after a three-and-a-half-day struggle, fueled by the strengthening of the US dollar. This was in response to Federal Reserve Chair Jerome Powell's reiterated stance on the necessity of additional rate hikes. During his two-day testimony before Congress, Powell emphasized that U.S. interest rates may rise at least twice more this year to counteract high inflation. Market reactions to Powell's comments led to a significant increase in the likelihood of further rate hikes in July, with markets pricing in a nearly 75% chance of such action. Data released from the Japanese economic docket on Friday indicated that consumer inflation slightly exceeded expectations for the 12-month period up to May. However, a core reading excluding food and fuel prices surged to a 42-year high, indicating persistent inflationary pressures in Japan. These trends are placing increased pressure on the Bank of Japan to consider tightening its monetary policy, although the bank has recently reiterated its commitment to maintaining its ultra-loose policy. Nonetheless, the potential for Japanese monetary policy tightening may contribute to a resurgence in the yen, which has faced considerable downward pressure due to the dovish stance of the Bank of Japan. Additionally, the Japanese currency is rapidly approaching levels that could prompt government intervention in currency markets. USDJPY Technical Analysis (Price Action): In this video, I offered an extensive analysis of the USDJPY market's current structure, with a primary focus on price action-based technical analysis. Special attention was given to key support and resistance levels within the 4-hour timeframe, uncovering potential trading opportunities for the upcoming week. Notably, I highlighted a key level around 143.900, which was recently tested and represents the highest price reached this year. The market's response to this level at the start of the new week will play a pivotal role in determining the direction of price action in the upcoming week. Stay connected to my channel, follow my updates, and actively engage in the comment section to stay informed about further technical developments in the USDJPY market. I wish you the best of luck this week as you navigate the USDJPY market. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY: USD's miraculous recovery journey with JPY downturnS&P500 futures have recorded slight losses before the market opens as investors are being cautious about the upcoming speech by Federal Reserve (Fed) chair Jerome Powell at the European Central Bank (ECB) forum of Central Banking. Investor sentiment has become more risk-averse as they hope that Powell will continue to express a cautious stance. The US Dollar Index has experienced a significant increase, supported by expectations of a cautious approach from Powell and stronger US Durable Goods Orders data. The US Census Bureau reported that Durable Goods Orders grew by 1.7%, surpassing the market's expectation of a 1% decline. This data for May has outperformed the previous figure of 1.2% in April. Jerome Powell is expected to provide a cautious approach as core inflation in the US economy remains persistent and labor market conditions continue to be tight, despite higher interest rates and strict credit conditions set by commercial and regional banks. On the other hand, a Reuters survey suggests that the Bank of Japan (BoJ) may intervene in foreign exchange (FX) movements if the Japanese Yen weakens to 145.00 against the US Dollar. Japanese Finance Minister Shunichi Suzuki reiterated his commitment to respond appropriately to excessive FX movements if necessary. Later this week, the market will closely monitor Tokyo
Long
by Sphyn-Trader
4