Get started

Usdjpyshort

USDJPY: GO SHORTSELL USDJPY ENTRY: 132.25-132.30 STOP LOSS: 134.26 TAKE PROFIT: 126.82 The JPY has been one of the main beneficiaries so far from the loss of confidence in the health of the banking system. While policymakers have taken steps over the past week to address those concerns, it is not yet clear that they are sufficient on their own to quickly restore investor confidence. A further run on deposits and tightening of financial conditions remains a risk that could trigger a deeper sell-off for risk assets. As a result, it will be difficult for the Fed to strike a hawkish tone in the week ahead even though inflation remains uncomfortably high. A decision to delay further hikes until confidence returns in the banking sector could open the door to further downside for USD/JPY in the week ahead, and encourage US rate market participants to speculate that the next move could even be a cut. At the same time, the recently released results from the annual Shunto wage negotiations in Japan could reinforce speculative demand for the JPY in the near-term. The results revealed that Japanese labour unions secured stronger wage agreements for the coming fiscal year. Overall wages are expected to increase by 3.8% and base wages by 2.07%. It is the strongest wage agreements reached since 1993 and could encourage the BoJ to shift away from looser policy in the year ahead. SIMPLE IS BEST
Short
by Yurino86
2
USDJPY SellUSD/JPY consolidates the biggest weekly loss since January while bouncing off a five-week low to 132.50 during early Monday. In doing so, the yen pair tracks the recovery in the US Treasury bond yields to begin the key week on a firmer footing after marking a three-week losing streak in the last. That said, the US 10-year Treasury bond yields rise six basis points (bps) to 3.49% while the two-year counterpart also adds five bps to print a 3.93% coupon at the latest. It’s worth noting that United States two-year Treasury bond yields marked the biggest weekly loss in three years while the 10-year counterpart dropped the most since early January. USDJPY h1 main trend is still down. The price is currently in a short correction span. With this pair, traders can wait to sell down around 133.40, SL: 134.00, TP: 131.70
Short
by VTmarkets
1
USDJPY SellThe surge in yields and the bullish run in stocks have propelled the USDJPY upwards. The price recently peaked at 133.66, slightly above a swing area between 133.50 and 133.652, as well as the falling 100-hour moving average at 133.696. The current price is trading at 133.54. A breakthrough above the 100-hour moving average would lead traders to target the retracement level from last week's high at 134.069. For now, sellers are leaning against the resistance. USDJPY h1 main trend is still down. After a correction at the end of yesterday, the pair is currently showing signs of continuing to decline. Recommended sell to current price 133.40, SL: 134.00, TP: 132.20
Short
by VTmarkets
1
USD/JPY - Rising flag break down with target to 126.48 - SMC Rising Flag formed on USD/JPY We then had a price break below, which signalled downside to come. Other indicators showing downside are... 200>21>7 - Bearish RSI<50 Target 126.48 SMC (Smart Money Concepts) We had a Change of Character (CHoCH) This is where the price moves to the point where there is a change in the overall trend. It creates a trend reversal. You’ll see a CHoCH on higher time frames usually (i,e, daily). Therefore with SMC we confirm there is downside to come. First target is at previous levels of liquidity. Which in this case is the support (dotted line)
Short
by Timonrosso
USDJPY SellThe USD/JPY pair is approaching 134.50 amid the release of the dovish Bank of Japan (BoJ) minutes for the monetary policy meeting, announced last week on March 09. The last monetary policy announcement by ex-BoJ Governor Haruhiko Kuroda lacked surprises as a continuation of an ultra-dovish policy stance was highly required to keep inflation steady near desired rates. The commentary in BoJ minutes that the central bank will continue with Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control, aiming to achieve the price stability target of 2 percent, as long as it is necessary for maintaining that target in a stable manner, indicates that the ultra-loose monetary policy would stay for a longer period. USDJPY main trend is still down. Currently on the h1 chart this currency pair is in a deep correction. Recommend waiting to sell down when the price returns to 135.00, SL: 135.60, TP: 134.00
Short
by VTmarkets
USDJPY: Bull Run AgainAfter a huge bull run, we expect the price to mitigate both buyers and sellers to generate liquidity for the next move. I personally believe we will see a final sweep of sellers around my sell zone of interest before selling off aggressively to the downside to take out the remaining buyers. Once this move is complete, or something similar has occurred. I will then look to buy in and continue with the bulls. You can play between the zones if you like but ideally getting the long-term buy is better.
Long
by AlkalineFX
2
USDJPY SellUSD/JPY is down some 1.3% on the day and has fallen from a high of 135.05 to a low of 132.28 ahead of what will be critical data in the US Consumer Price Index on Tuesday. The US Dollar was pressured at the start of the week and in a continuation to the fallout from the Nonfarm Payrolls. While the Nonfarm Payrolls showed robust jobs growth, the rise in the Unemployment Rate and signs of cooling wage inflation sent the greenback lower as investors started to trim bets that the Federal Reserve will raise interest rates as sharply. The United States added 311,000 payrolls in February and the unemployment rate rose to 3.6%. However, a survey of economists polled by Reuters expected the United States to have added 205,000 jobs last month and the unemployment rate to hold steady at 3.4%. Average hourly earnings rose 0.2% last month after gaining 0.3% in January, below expectations of 0.3%. USDJPY h1 price is in a downtrend. After a correction at the end of yesterday, the price is now showing signs of continuing to go down. With this pair traders can sell to current price 133.18, SL: 133.90, TP: 132.00
Short
by VTmarkets
USD/JPY pulls back into resistance for potential swing trade The US dollar has continued to face selling pressure following the collapse of Silicon Valley Bank, as traders bet that the Fed may pause their tightening cycle at next month's meeting. Whilst Fed fund futures imply a 60.5% chance of a 25bp hike (or 39.5% odds of a pause), this is quite a sudden chance considering the curve suggested ~80% chance of a 50bp hike last week. US inflation data is released in ~14 hours and is likely to be a closely watched report, as a soft print could increase odds of a pause, weigh on the dollar and send USD/JPY lower. Yet a hot inflation print likely cements a 25bp hike and sees the dollar coup some of its losses. Purely on a technical front, USD/JPY looks appealing for a bearish sewing trade. It has an established downtrend on the 1-hour chart, and prices have retraced higher into a resistance zone including the monthly pivot point and weekly S1 pivot. A rising wedge / bear flag is also forming, which generally breaks out in the direction of the underlying trend. A weak inflation report could likely help. The bias is bearish beneath the recent cycle highs and for a move down to 132.
Short
by CityIndex