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Usdjpyshort

USDJPY to breakdown?USDJPY - 24h expiry Price action continues to be mixed and volatile for 6 days in succession resulting in spikes in both directions. The rally was sold and the dip bought resulting in mild net losses yesterday. Bespoke support is located at 148.96. A Fibonacci confluence area is located at 148.95. Rumours of intervention have resulted in a spike in volatility. A break of 151.02 is needed to confirm follow through negative momentum. We look to Sell a break of 151.02 (stop at 151.62) Our profit targets will be 149.52 and 149.32 Resistance: 151.97 / 154.73 / 155.00 Support: 150.50 / 149.96 / 148.54 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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by OANDA
USDJPY - SELL SIGNALThe drop in FX volatility after last week’s action is being helped by the PBoC's stabilisation of the Yuan and should not help the Yen, which remains the most popular funding currency for carry trades. Verbal interventions in Japan and the softer Dollar momentum are helping a bit, but the current environment suggests a recovery in JPY remains even more strictly tied to US rates breaking lower. My call remains bearish on USD/JPY moving forward, but in the very short term, the pair may retest the 152.00+ ‘verbal intervention’ area. Guys, what do you think? Leave a comment with your thoughts.
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by tradingconmike
6
usdjpy signalUSD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis. From a technical perspective, last week's swing high, around the 151.85 region, could act as an immediate hurdle. Some follow-through buying beyond the multi-decade high, around the 152.00 mark touched in November 2022, will be seen as a fresh trigger for bullish traders. The USD/JPY pair might then build on its well-established uptrend witnessed since January 2023. On the flip side, the 151.00 mark now seems to have emerged as strong support, below which spot prices could accelerate the fall to the 150.25 region. This is followed by the 150.00 psychological mark, which, if broken, will expose the next relevant support near the 149.35-149.30 region before the pair eventually drops to the 149.00 round-figure mark.
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by Mark804
USDJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
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by TheGrove
1
Building The Case For The BIG Yen Reversal?? (Coming Soon)Unless you've been living under a rock the last few years you have seen the massive depreciation in the Japanese Yen against every other major currency pair in this post I'm going to share with you why I think the BIG reversal in fast approaching. This post is much like the post I did on the CHF at the beginning of the Year where I correctly predicted a major correction (see related post) where every single CHF pair had reached key higher timeframe support levels and buy zones at the same time. A similar story is occurring in the major JPY cross pairs also at the same time we have the BOJ finally ending negative rates and hinting of more possible rate hikes this Year whilst other central banks are talking about cutting rates with the SNB leading the race last week. First off is the USDJPY you can see on the Monthly chart where 152 is acting as a key resistance level that goes all the way back to 1990 this is a key technical level. Next is the GBPJPY I did a post on this last week about the likelihood of a sell off from the 193 Monthly resistance level (see image below) Then we have the AUDJPY which the 100 mark last week which is approaching a key resistance zone @101 above this zone has seen massive corrections in the past (see image below) Next is the NZDJPY which I done a post on several months ago showing you the importance of the 93 resistance and the likelihood of a correction from this level which the chart below shows we got a rally to here followed by a sell off. Next is the EURJPY which last week got the break above 165 before selling off shortly back below last years high of 164 the chart below shows 2 key resistance areas here @164 and @167 where we have seen massive sell offs before. As you can see all the major pairs are at or approaching key Monthly resistance levels and sell zones where there have been huge corrections from in the past. To me this is a massive correlation across all the major pairs and very much indicating that a change in the tide is coming very soon. This very much is mimicking exactly what happened with the CHF pairs this year. Will the same happen with the JPY pairs only time will tell but it's looking very good there are several ways to trade this build into sell positions across all pairs off course this can increase your risk exposure and off course swap fees or you can trade yen futures. Off course the timing of this reversal is the hard part as it's the Monthly charts could take several months to play out or more. And then there is the possibility that I am wrong and the YEN weakens more and all these major levels get blown out at the same time :) Let me know what you think in the comments :)
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by TheFxAce
8
Minutes of the Bank of Japan`s January assembly - the opportunit Minutes of the Bank of Japan's financial coverage assembly on January 22 and 23, 2024, complete textual content here: Members agreed that they have got now no longer but reached the level in which the inflation goal may be done sustainably Members proportion the view that the probabilities of attaining 2% inflation are increasing, so if we are able to affirm a tremendous cycle in wages and inflation, we are able to take into account finishing bad hobby charges and Unusual loosening steps Some individuals stated the hazard of inflation exceeding the 2% goal had emerge as smaller One member stated if a ruling on finishing bad hobby charges is delayed, it'd prevent efforts to attain the 2% goal and referred to as for a fast tightening. One member stated now's a once-in-a-lifetime possibility to extrade financial coverage One member stated the scope for financial coverage flexibility might be decrease for Japan as different nations pass to reduce hobby charges. Some individuals trust that they have to forestall shopping for ETFs and JREITs if they could attain the inflation goal Some individuals stated the BOJ isn't below stress to hurry up hobby fee will increase like in Western nations.
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by Chart_MasterPro
UsdJpy sellUSD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis. The Japanese Yen edges higher following the release of Japanese consumer inflation data. The uncertainty over the BoJ’s future policy steps keeps a lid on any further positive move. A modest US Dollar downtick exerts some pressure, though the downside remains limited. The USD/JPY pair finds support after correcting to near 150.27 in the European session on Thursday. The asset rebounds as the US Dollar recovers after refreshing a five-day low. The US Dollar Index (DXY) bounces back from 103.17 as the Federal Reserve’s (Fed) latest economic projections showed that the United States growth rate for 2024 was revised higher to 2.1% from 1.4% forecasted in December’s policy meeting.
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by Mark804
USDJPY: First Entry dropped 400 pips, Focusing on ReentryDear Traders, OANDA:USDJPY first entry dropped successfully 400 pips, now there is possibility of price filling up the liquidity and dropping from that region. Bullish price will likely to push the price up to our area of entry where price will fall strongly. Use accurate stop loss and take profit as described in our chart, if you have any doubt or finding it hard to understand something, please leave a comment. good luck and trade safe as always
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by Setupsfx_
7
USDJPY 15 / Potential Breakout / Bullish JPY Basket?Hello Traders! This is my idea related to USdJPy M15. I expect to see a breakout of the bullish channel as I see the JPY Basket for a potential bullish move. If confirmed, I will execute this trade. Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you enjoy this idea! Also, share your ideas and charts in the comments section below! This is the best way to keep it relevant, support us, keep the content here free, and allow the idea to reach as many people as possible. ____________________________________ www.tradingview.com
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by GoodTradeST
usd jpy shortUSD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs – second only to EUR/USD – and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis. USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs – second only to EUR/USD – and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis. The USD/JPY pair exhibits strength above the crucial support of 149.00 in the early New York session. The asset clings to gains as market expectations for the Bank of Japan (BoJ) delaying its plans to exit negative interest rates and scrap Yield Curve Control (YCC) have escalated.
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by Mark804
USD/JPY H4 | Rising to 61.8% pullback supportUSD/JPY is rising towards a pullback support and could potentially bounce off this level to fall lower. Buy entry is at 149.180 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 149.915 which is a level that aligns with the 78.6% Fibonacci retracement level. Take profit 1 is at 148.148 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.40 Take profit 2 is at 147.510 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.27 Total risk 1.28% High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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by Alvard
2