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Usdjpyshort

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: The correction and the opportunity of the sellers!technical analysis: The price line for USDJPY experienced a slight correction, leading to a decrease and breaking of the uptrend line. The Relative Strength Index (RSI) is currently below the average of 43.59 and maintaining its position at the support level. The Exponential Moving Average (EMA) with values of 34 and 89 is still above the price line, forming a dynamic resistance area. With these indicators, there is a high likelihood of a decrease in USDJPY. Market analysis: In the Tokyo session, the USD/JPY pair is trading back and forth below 140.00. However, it is anticipated that the asset will continue its downward trend since the USD Index's upward movement is expected to remain limited until the United States Employment data is released. Following a lackluster Tuesday, the S&P500 futures have made marginal gains during the Asian session. The market sentiment appears to be subdued as investors anticipate the release of complete US labor market data. Plan trade in the intro
Long
by Sphyn-Trader
4
USDJPY: Japan's recession and the return of the US economyTechnical analysis: The temporary downtrend line has been broken by the price line. Currently, a smaller bearish pattern is forming, but there is a trend reversal in the RSI. If there's a small amplitude sideways, the two indicators, EMA 34 and EMA 89, won't have a significant impact. Fibonacci generates effective psychological resistances, which provide valuable entry information. the latest news from the market: Investors overlooked the US ISM Services PMI's disappointing release on Monday, and the US Dollar has regained positive traction, acting as a tailwind for the USD/JPY pair. The intraday USD uptick could be attributed to an uptick in the US Treasury bond yields but is expected to remain limited as the markets anticipate an imminent pause in the Federal Reserve's policy tightening cycle. The markets are now pricing in a higher chance that the US central bank will leave interest rates unchanged at the end of a two-day policy meeting on June 14, which may hold back the USD bulls from placing aggressive bets. Additionally, the possibility of Japanese authorities intervening in the markets may keep a lid on any significant appreciation move for the USD/JPY pair, at least for now. Moreover, the current cautious mood around the equity markets may favor the JPY's relative safe-haven status. However, a more dovish stance adopted by the Bank of Japan (BoJ) could continue to undermine the JPY and limit the downside for the USD/JPY pair. As there is no relevant macro data from the US, aggressive traders should be cautious due to the mixed fundamental backdrop.
Long
by Sphyn-Trader
5
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
Will USD/JPY go bullish again? Read analysis with key levelsDear traders, USD/JPY is getting some support from the EMA in the 4Hour chart. Price has rebounded after hitting the EMA. You can also see the formation of a triangle pattern in the chart. If USD/JPY manages to break through the upper trend line of the triangle, then we can see the next leg of bullish move. However, 140.80 is a key level that can offer strong resistance . Either way, you must follow the price action closely before executing your trade.
by YourLazyTrader
4
USDJPY Analysis: New Week Perspective and Follow-Up DetailsIn this USDJPY technical analysis video, we delve into the aftermath of the recent Nonfarm Payrolls data, which offers critical insights into the US labor market. With positive data surpassing expectations and the potential for a Federal Reserve interest rate hike this month, the US Dollar may be poised for a bullish upswing. The May report revealed a remarkable increase of 339,000 payrolls in both public and private sectors, surpassing the forecast of 190,000. Moreover, the recent signing of the bill by President Joe Biden, suspending the US government's $31.4 trillion debt ceiling and avoiding a default, adds another layer of anticipation to the market's reaction. From a technical standpoint, this video focuses on a detailed analysis of USDJPY Support and Resistance Levels, as well as Trendlines within the 4H timeframe. By examining these levels, we aimed to identify potential trading opportunities on the USDJPY chart for the upcoming week as it helped in making informed trading decisions. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
1
USDJPY Long Term Selling IdeaHello Traders In This Chart USDJPY HOURLY Forex Forecast By World of Forex today USDJPYD 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 Video 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 forexplanet797
USDJPY Analysis: New Week Perspective and Follow-Up DetailsThe U.S. Dollar was steady amidst the debt ceiling impasse while the Japanese Yen recorded a significant drop making it among the worst-performing Asian currencies in the previous week. Softer-than-expected Tokyo inflation data on Friday spurred more expectations that the Bank of Japan will hold off on tightening policy this year, although the reading was still well above the BOJ’s 2% annual target. Is the current market structure mature for profit-taking activities despite the stronger-than-expected consumer spending in April which is generally seen as an excuse for the Federal Reserve to hike interest rates again in June? In this video, our technical dissection identified a simple setup that can aid us in making informed trading decisions ahead of the new week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
USD-JPY ✯ SHORT SETUP ✯ ONE HOUR TIME FRAMEThe current technical analysis of the USD-JPY currency trading pair reveals an increasing trend that has been shaping from last few hours. However, there is also an indication of bearish divergence, suggesting that the bullish momentum may be losing steam. Looking at the charts, we can see that the price of USD-JPY has been steadily rising forming higher highs and higher lows, indicating a clear uptrend. However, there is a notable bearish divergence pattern emerging, indicating that the bullish momentum may be losing steam. While the price of USD-JPY has been increasing, the Relative Strength Index (RSI) has been showing a downtrend. This divergence between the price and the RSI suggests that the price may be overbought and due for a correction. Considering all the technical indicators, it appears that the USD-JPY currency trading pair may take the bearish movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a SHORT TRADE if it breaks the ENTRY PRICE.
Short
by haroonsiddiki
USDJPY SellExpecting UJ to go into sell once price breaks 139.500 based on MA indicators. A weakening DXY also supports the idea. If price breaks below 138.250 there is potential for a further sell onto 137.500-400 price area. Resistance/Stop loss is around price 140.000. Sell Entry: 139.500 Targets: 139.300 | 139.185 | 139.000 | 138.840 | 138.700 | 138.500 | 138.370 Support: 138.250 Resistance/Stop Loss: 139.950 Be sure to follow, like and let me know what you think in the comments below!
Short
by DollarYenQueen
1