Gold Hits Record High Against Yen, Defies USD, So Sell JPY?I write to you today with concern and urgency as the gold market takes an unprecedented turn. In recent weeks, gold has reached record highs against the Japanese Yen (JPY), potentially defying the US Dollar (USD) dominance. This unexpected development calls for immediate attention and careful consideration, as it could have significant implications for traders like yourself.
The Gold-Yen Relationship:
For years, the USD has been the primary currency in which gold is priced and traded globally. However, the recent surge in gold's value against the JPY suggests a potential shift in the market dynamics. Historically, gold has been seen as a safe-haven asset during times of economic uncertainty, and its rise against the Yen may reflect growing concerns about the Japanese economy or geopolitical tensions in the region.
Implications for Traders:
As traders, it is crucial to recognize the potential impact of this gold-yen relationship on your portfolios. The weakening JPY could increase demand for gold, driving its price higher and potentially causing a ripple effect across various financial markets. Ignoring these warning signs could expose your investments to unnecessary risks.
Short-Term Selling on JPY:
Given these developments, I strongly urge you to consider a short-term selling strategy on the JPY. By taking advantage of the current gold-Yen dynamics, you can profit from the uptrend in gold prices against the Japanese currency. However, it is crucial to approach this strategy cautiously and seek advice from trusted financial advisors or experts.
Seek Professional Guidance:
Navigating the complexities of the financial markets requires expertise and careful analysis. Therefore, I encourage you to consult with professionals who can provide tailored advice based on your circumstances. They can help you devise a trading plan that aligns with your risk tolerance and investment goals, ensuring you make informed decisions.
Conclusion:
The record-breaking surge of gold against the Japanese Yen serves as a wake-up call for traders worldwide. By considering a short-term selling strategy on the JPY, you can potentially capitalize on the current market dynamics and safeguard your investments. However, always remember the importance of seeking professional guidance to ensure your actions align with your financial objectives.
Take action now and stay ahead of the curve. The gold-Yen relationship demands your attention, and making informed decisions today will position you for success in the ever-evolving financial landscape.
Usdjpysell
USDJPY : Short Trade , 1hHello traders, we want to check the USDJPY chart. The price is moving in a descending channel and pulling back to a key level. We expect this level to play the role of a resistance level and maintain the downward trend of the price. We expect the price to drop to around 144,600. Good luck.
USDJPY - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long position, if price makes a retracement to fill the imbalance lower and then rejects from bullish order block + institutional big figure 144.000.
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USDJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make a retracement to fill the imbalance lower and then to reject from 1H bullish order block + institutional big figure 141.000.
Fundamental analysis: On Thursday will be released monthly and yearly CPI in USA, if the result is positive it will support our analysis.
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USDJPY BIG SHORT!!Hey Traders,
We back for new week with the new analysis of USDJPY
Price having sharp bearish move in daily time-frame,
As you see in 4-hour time frame we closed bellow 4h level so we broke 4h level to down, so what we expect, is bearish move in multi-time-frame,
By the time we are analyzing and writing price having a sharp bearish move, we expect another spike move like the previous one!!
For more confirmation we can have a second entry after breaking 15-minute level just bellow the price,
As always any question comment us bellow,
@FxShzd team
Usd Jpy ShortBearish Analysis for USD/JPY in the 143.400 to 144.340 Range as a Short Zone
Introduction:
The USD/JPY currency pair has been trading within the range of 143.400 to 144.340, and there are several technical and fundamental factors pointing towards a potential bearish scenario. This analysis will explore the reasons behind the expected downward movement and the factors likely to influence the pair's performance in the short term.
Technical Resistance Zone:
The upper range of 144.340 has acted as a strong resistance level in the past. Multiple failed attempts to break above this level suggest that the market participants have encountered significant selling pressure. As traders view this zone as a barrier to further upside, a bearish sentiment could emerge, leading to increased selling interest and a potential reversal lower.
RSI and Overbought Conditions:
The Relative Strength Index (RSI) is a popular momentum oscillator that measures the speed and change of price movements. At current levels, the RSI may indicate that the USD/JPY pair is overbought. An overbought market suggests that the recent price gains may have occurred too quickly, and a corrective move to the downside could be imminent as traders take profits and exit long positions.
Risk-Aversion and Safe-Haven Demand:
The Japanese Yen is often considered a safe-haven currency in times of market uncertainty or risk-averse sentiment. Any negative news or events that trigger risk-off sentiment in the global markets may lead to an increase in demand for the Japanese Yen. As a result, the USD/JPY pair could experience selling pressure, driving the price lower.
Dovish Fed and Potential Rate Cut Expectations:
If the Federal Reserve signals a more dovish stance and hints at potential interest rate cuts, it could weaken the US Dollar against the Japanese Yen. Such expectations may arise if economic indicators in the US disappoint or if there are concerns about the sustainability of the economic recovery. Lower interest rates could reduce the attractiveness of the USD for investors, leading to a bearish trend in the USD/JPY pair.
Geopolitical Risks:
Uncertainty related to geopolitical events, trade tensions, or international conflicts could create volatile market conditions and lead to a risk-off sentiment. In such scenarios, investors may seek safety in the Japanese Yen, putting downward pressure on USD/JPY.
Conclusion:
Considering the technical resistance zone, overbought conditions indicated by the RSI, potential safe-haven demand for the Japanese Yen, dovish Fed expectations, and geopolitical risks, the USD/JPY currency pair is likely to face bearish pressure within the 143.400 to 144.340 range. Traders should carefully monitor market developments, employ proper risk management techniques, and be prepared to take advantage of potential short opportunities if the bearish scenario unfolds.
USDJPY: Today with PMIIn an effort to achieve a consistent inflation rate above 2%, Governor Kazuo Ueda of the Bank of Japan (BoJ) has introduced increased flexibility in the Yield Curve Control (YCC), while maintaining negative interest rates. This move is indicative of the central bank's intention to create a roadmap for transitioning away from its ultra-loose monetary policy.
Simultaneously, there has been a positive shift in market sentiment as evidenced by the recovery of losses in London and subsequent upward turn in the S&P500. This indicates a significant improvement in risk appetite among investors, leading to heightened demand for technology stocks and overall bullish sentiment towards US equities on Friday.
USDJPY Long Term Selling Trading IdeaHello Traders
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USDJPY Sell TF H1 TP = 140.36On the hourly chart the trend started on July 21(linear regression channel).
There is a high probability of profit taking. Possible take profit level is 140.36
But we should not forget about SL = 141.99.
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
USDJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 140.000.
Fundamental analysis: Tomorrow will be released Interest Rate in USA, followed by FOMC Press Conference. If the result is positive for USD it will support our analysis.
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USDJPY: Flash Services PMI!S&P500 futures have recorded significant gains in London, indicating a more relaxed risk-off sentiment. On Wednesday, US equities experienced substantial selling pressure, primarily due to a sharp decline in technology stocks. Investors are being cautious as they anticipate that tech-savvy companies may continue to struggle due to the Federal Reserve's decision to raise interest rates.
The rally in USD/JPY is driven by the belief that the gap in policies between the Federal Reserve and the Bank of Japan will widen further. The Fed is expected to continue increasing interest rates, while the Bank of Japan is likely to maintain its ultra-dovish policy stance that has been in place for a decade. As a result, the Japanese Yen has significantly weakened against the US Dollar.
USDJPY: Next hurdle is seen at 140.00The USD/JPY pair is currently holding steady at around 139.20 during the Asian trading session, following a slight pullback from its weekly high near the 140.00 level on Wednesday. However, concerns regarding China's economic slowdown, worsening US-China relations, and geopolitical tensions may provide support for the safe-haven Japanese Yen (JPY), which could limit the upside potential of the USD/JPY pair.
In response to the US's consideration of foreign investment and restrictions on AI chips, China's Ambassador, Xie Feng, expressed criticism and warned of retaliation if the US imposes further curbs on Beijing's chip sector.
USDJPY: How does the recession affect?S&P500 futures have experienced some losses in Europe, indicating a cautious market sentiment. The ongoing second-quarter result season is expected to pose challenges for US equities. Investors will be closely monitoring the performance of banking and technology stocks as the Federal Reserve's higher interest rates are causing a slowdown in economic activities.
The US Dollar Index (DXY) is making a significant effort to break above the immediate resistance of 100.00. If successful, this move would trigger a short-term recovery and possibly impact the demand for riskier currencies. The yields on 10-year US Treasury bonds have sharply dropped to around 3.78%.