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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.
Short
by Sphyn-Trader
4
USDJPY Long Term Selling Trading IdeaHello Traders In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
USD/JPY Short. Is the dollar done here? And is Japan ascending?I have to give credit to Julian Brigden for this outline. So please look up his recent Blockworks interview on youtube. I am happy to further develop on his observation by pointing out that what he observed as a "crash pattern" is in fact a diamond reversal pattern. I enclose a comparison to what I consider the "classic" manifestation of a diamond reversal which is the Nasdaq100 index during the 2001 recession. We also had recent significant-scale diamond reversals on the SPX in 2021 and on Bitcoin if you would like further references. There is a significant RSI divergence that has been in place since 2022 on the weekly chart. I think that this means that a dollar pullback is imminent and a surprise strengthening on JPY due to them getting close to breaking out of their deflationary depression. This could also coincide with the return of inflation that I have been expecting. I am shorting this outline and I intend to expand my position if the pattern is not violated. I will be more aggressive as the outline develops. For further information on how I discovered this you can google-up Julian Brigden's interview on Blockworks. Happy hunting!
Short
by RogueEconomics
1
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe Japanese economic docket reveals that consumer price index (CPI) inflation remained stubbornly high through June, despite government measures to curb prices. This has raised the possibility of the Bank of Japan (BOJ) tightening monetary policy. However, BOJ policymakers are cautious and prefer to analyze more data to ensure sustained growth in wages and inflation before making any changes to the yield control policy. Reports indicate that there is no consensus within the central bank, making the decision a close call. Nevertheless, recent reports suggest that the BOJ may lean towards maintaining its yield curve control (YCC) strategy in the upcoming policy meeting. With Japanese inflation staying above the BOJ's target, there have been speculations about the central bank potentially abandoning its yield curve control program, a move that could strengthen the yen. On the other side, the US dollar has made a sharp recovery from 15-month lows ahead of a Federal Reserve meeting, leading traders to seek safe-haven assets. The market remains uncertain about whether the Fed will signal a pause in its rate hike cycle despite the expectation of a 25 basis points interest rate hike. As we shift our focus to the upcoming week, all eyes are on high-impact economic features from both the US and Japanese economies that could significantly impact the USDJPY market. USDJPY Technical Analysis: In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is on the key level of 142.000, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that could lead to choppy consolidation before a clear direction emerges. The market's reaction around the 142.000 area at the beginning of the new week will heavily influence the trajectory of price action in the days to come. Join me on this journey as we explore potential trading opportunities using trendlines and key levels. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together. Wishing you the best of luck as you chart your course in the USDJPY market this week. Get ready for an exhilarating experience filled with valuable insights and exciting trading opportunities! 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 - 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. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
6
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.
Long
by Sphyn-Trader
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.
Long
by Sphyn-Trader
10