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Usdjpylongsetup

We Could expect USDJPY to make a monthly higher higherThe reason why I am still firmly convinced that this movement is going to happen is supported by several compelling factors. Let's explore them in detail: 1.Non-commercials continue to aggressively add long positions in this currency pair. This indicates a strong bullish sentiment and suggests that these market participants have high expectations for its future performance. Their sustained interest and confidence in this pair contribute to my conviction. 2.Taking a closer look at the Monthly time frame, we can observe a clear and well-defined bullish structure. This pattern provides additional validation for the anticipated movement. The consistent upward trajectory of the price points towards a potential upward trend that could further strengthen the case for a positive outcome. 3.Another crucial aspect to consider is the unanimous agreement among all members of the Federal Reserve (Fed) regarding the likelihood of another interest rate hike. This collective stance underscores the consensus among policymakers that an increase in interest rates is imminent. Such a move is expected to bolster the value of the dollar, as it signifies a strengthening of the US economy and reflects the Fed's confidence in its monetary policies. 4.In contrast, the interest rate in Japan remains unchanged and continues to be in negative territory. This divergence between the interest rate policies of Japan and the United States further reinforces the potential for a favorable outcome in the currency pair. The persistent negative interest rate in Japan could lead to increased selling pressure on the yen, potentially benefiting the other currency in the pair. Considering these factors collectively, it becomes evident why my conviction remains steadfast regarding the occurrence of this movement. The combination of aggressive long positions by non-commercials, a bullish structure on the Monthly time frame, the anticipated interest rate hike by the Fed, and the contrasting interest rate policies between Japan and the United States all contribute to a compelling case for the expected movement.
Long
by Wiiso
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: 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
USDJPY Short Term Trend ChangeChanging a trend is not a simple task; it requires significant time and effort. However, the market typically provides us with valuable information in the form of a trend changing pattern before we witness a confirmed shift in the trend. The strength of the existing trend plays a crucial role in determining the duration needed for the trend reversal to materialize. Consequently, the stronger the current trend, the longer it may take for the change to occur. In the case of USDJPY, we anticipate a retest of the high of Tuesday's New York Session. Wishing you successful trading!
Long
by Charts247TradingAcademy
1
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
20 Reasons for BUY USDJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The yearly structure remains bearish, but there was a significant shift in price behavior last year, transitioning from bearish to bullish. This shift was accompanied by heavy volumes and a strong internal breakout. Currently, prices are trading within the range of the last yearly move, indicating a bullish to sideways zone. 2:📆Monthly: The overall trend is bullish, and there is an inducement and reversal formation taking place. Prices are currently filling the last bearish fvg area and heading towards an extreme order block, which could act as a trigger event. 3:📅Weekly: There has been a change in price direction, with a bullish sentiment prevailing. The inducement signal is present, and there are no significant resistances on the upside yet, suggesting that prices may continue to move higher. 4:🕛Daily: A valid breakout of the structure has occurred with heavy volume, indicating a shift in market dynamics. However, prices are still consolidating within the breakout zone, and a short correction followed by a bullish continuation move is expected. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: The overall structure is bullish, with a breakout followed by a buildup formation. 6: 2 Pattern Candle Chart: There was a breakout from a double top formation or a narrow range pattern. 7: 3 Volume: There was significant volume at the breakout, confirming the strength of the move. 8: 4 Momentum UNCONVENTIONAL Rsi: The RSI has shifted from sideways to bullish range, indicating a bullish momentum. 9: 5 Volatility measure Bollinger bands: Prices are walking along the Bollinger Bands, displaying bullish volatility. 10: 6 Strength ADX: The ADX indicates bullish strength in the market. 11: 7 Sentiment ROC: USD is stronger than JPY based on the rate of change. ✔️ Entry Time Frame: H1 12: Entry TF Structure: The H1 timeframe shows a bearish to bullish Choch pattern, which signals an upside breakout impact. 13: Entry Move: Enter the market impulsively. 14: Support Resistance Base: Consider the CIP (Critical Intraday Pivot) and wait for confirmation. 15: FIB: The trendline breakout can serve as a trigger event. ☑️ final comments: Buy 16: 💡decision: Buy 17: 🚀Entry: 138.759 18: ✋Stop Loss: 137.367 19: 🎯Take Profit: 142 20: 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 15 days
Long
by Optimum369
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