JPY weakens on BoJ rumor and strong US jobs The Japanese yen has fallen past 132.50 per dollar (from 129.00 last Friday), reaching its lowest point in four weeks following reports that the government is considering Bank of Japan Deputy Governor Masayoshi Amamiya as the next central bank leader.
Amamiya is seen as the most dovish of the potential candidates, putting an end to hopes of the BoJ normalizing its monetary policy after years of ultra-easy measures. However, the Japanese government has since denied the rumors that they had approached Amamiya and maintains that the new BoJ Governor will be announced sometime in February.
Recently, the Japanese central bank maintained its ultra-low interest rates and yield control policy, despite speculation of a policy change. Current BoJ Governor Haruhiko Kuroda stressed the need for a sustainable 2% inflation target, accompanied by rising wages.
The yen was also affected by a strong dollar due to positive US jobs data, indicating that the Federal Reserve has room to raise interest rates. In January 2023, the US economy created a surprising 517K jobs, the largest increase since July and well above the 2022 monthly average of 401K, easily surpassing the market prediction of 185K. The job growth was broad-based, with the biggest increases in leisure and hospitality (128K), professional and business services (82K), and health care (58K).
Last week, USD/JPY had a noteworthy 4-hourly candle close from a technical viewpoint, breaking through the descending trendline and the psychological 130.00 level. The new 4-hourky open was in the form of a Hanging Man candlestick, with no upper wick, indicating bearish stagnation or a reversal. If we do see some retracement the 200-day moving average could act as support just below 131.00. On the weekly view of the chart, upside resistance suggests 132.90, 133.90 and 134.40 could be points of contention for the pair.
Usdjpysell
USDJPY SELLSelling USDJPY at 129.625, we are Currently on a Downtrend on USDJPY so we are already getting a Lower Lows and Lower Highs, so this tells us a lot about UJ. Let’s wait patiently for Confirmation and also we are having NFP today so trade Carefully Guys. See you Guys Next week.
Please Drop Your Comments on what you think about this Trade / analysis. I really appreciate the Love and Support from you guys thanks
USDJPY Breaks Into SellUSDJPY finally makes a directional breakout after ranging across resistance and support ranges of 130.600 and 129.400 .
The FOMC Press Conference caused a downward spike in pricing that I expect to continue after NY market close and JPY open based on the hourly chart.
I have based my analysis on the last time UJ saw current price points in mid-Jan 2023.
Sell Entry: 128.500
Targets: 128.350 | 128.200 | 128.030 | 127.900 | 127.770 | 127.600
Support: 127.360
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USDJPY - Consolidation phase ✅Hello traders!
‼️ This is my perspective on USDJPY .
Here we are in consolidation phase and price accumulates positions before tomorrow's news. I expect price to manipulate buy stop liquidity and then to distribute lower.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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USDJPY Weekly: 29/01/2023: Long term view
As you can see, the price can decrease for collecting liquidity under 126.359. For this, we can expect the price rise to a supply zone that we can define it 131.5- 135.
All in all, I am bearish for USDJPY but I think the price needs more fuel.
💡Wait for the update!
🗓️29/01/2023
🔎 DYOR
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USD/JPY :: what do you think ?! is it possible ?!!USD/JPY :::
The purple channel is a large channel that easily covers the time frame of 4 hours .
The price is currently at the ceiling of this channel and the last important encounter of this price was in the smaller channel and all these corrective movements have created a triangle .
If the triangle is broken from above, the next few resistances will be broken like a domino, and the price will enter a new range .
USDJPY SELLSELL USDJPY guys so on my last post I had wrong information on USDJPY Not like I had Wrong information, but when I was see on a Higher TF was really Different based on the Buy Confirmation I had so let's Get this Money Sell USDJPY
USDJPY SELL
SL: 130.129
TP: 127.601
We Broke the TL so lets Patiently wait on a retest before making a sell Moves Thanks Guys I'm out
USDJPY BUYAlright a quick one on USDJPY I don’t have much to say on this Analysis, but on the H4 TF we Got a Trend line And it is Creating A LL & LH So on this Buy we are Looking on The 30min TF for A Highs to Be Tested which is my Fib Level of 61.8 Which is My Take Profits Area 131.819.
BUY USDJPY 159 pips
SL: 129.800
TP: 131.819
So let’s see how this plays Out
Thanks Guys
USDJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on USDJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect price to continue the retracement tp fill the imbalance and then to reject from bearish orderblock + institutional big figure 132.000.
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USDJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my analysis on USDJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect price to make a retracement to fill that huge imbalance higher then to reject from bearish orderblock + institutional big figure 132.000.
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USDJPY Daily: 16/01/2023: Will continue falling?
As you can see, the price entered into an important demand zone.
From here we expect a bullish reaction and in my perspective, we can enter a short position if we have a low time frame confirmation between 1320- 132.87.
But if the price breaks this zone I can expect the price goes for fill the fair value gap.
💡Wait for the update!
🗓️16/01/2023
🔎 DYOR
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USDJPY snipper entry!!Currency Pair : USDJPY
Possible direction : Bearish
Technical Analysis : Long term down trend with multiple timeframe bearish price market structure. Previous session has formed a strong bearish price action with strong liquidity grab followed by long wick doji just below the resistance level.
Possible trade recommendation : Bearish as per chart sketch
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