Usdjpyshort
USDJPY Bank Bearish Robbery PlanMy Dear Robbers / Traders,
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Stop Loss : Recent Swing Low using 4h timeframe
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USDJPY → Huge Fall from 162.000! Heading for 155.000?USD/JPY trickled it's way just shy of 162.000 where it formed a double top reversal pattern on the Daily chart and fell hard to 157.500. Should we still be long? Or is it time to get short?
How do we trade this? 🤔
As mentioned in my previous analysis from May 7th after the massive sell-off from 160.200 back down to 152.000, we should be looking for confirmation of a short before entering one. We now have a nice sell signal, the double top reversal, right after three strong pushes up in a trend. USD/JPY has been in a bull run since 2021 on the higher timeframes such as the weekly and monthly, getting short needs to be taken with extreme caution and careful planning.
It is reasonable to expect the USD/JPY price to retest the 160.000 area after such a fall. The bears are going to be skittish in a bull market, the bulls are going to try and long again to get that 50% pullback to the high side. But once the price goes 200 pips to the upside after the 400 pip drop, will we see another sell-off? Or a run back to 162.000 and beyond?
That's what we need to wait for, the confirmation sell candle closing on or near it's low to confirm more downside movement. It is reasonable to short this, but I would do it on the 4HR timeframe and wait for a long entry on the Daily timeframe. We should expect some support at 155.000, this trade waits for that second leg in the pullback from 162.000 to hit 155.000, give us a strong bull signal and confirmation candle to confirm a long entry around 156.000. Place the stop loss below 155.000 at 154.050, take profit #1 at 157.950 then move stop loss up to entry price, take profit #2 at 159.900, just before the key resistance of 160.000 which is also a psychological resistance.
💡 Trade Idea 💡
Long Entry: 156.000
🟥 Stop Loss: 154.050
✅ Take Profit #1: 157.950
✅ Take Profit #2: 159.900
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three pushes up after the 152.000 support confirmation to the key level of 162.000
2. Double top reversal at 162.000 followed by a 400 pip drop; sell signal
3. Look for 50% pullback toward 160.000 and a rejection at that key level to manifest the second leg down to the 155.000 area.
4. Enter a 1:2 Risk/Reward long trade up to 159.900.
5. RSI near 41.00 and far below the Moving Average, supports pullback to the upside before another fall.
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades and start looking for reversals.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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USD JPY Options Not a great pair to trade because the dollar is weak and the JPY is weak, plus there is danger of jpy intervention if the pair goes above 160.00. But if i was to take an entry if there was nothing else I would only look for shorts if the was a break below the daily support at 157.371 which just happens to be the 61.8% fib level
This pair is defiantly last on the list of things i would be looking to trade next week
USDJPY! PPI not as friendly The Dow Industrial Average average can't close at a record but closes just above 40,000
The 2-10 year yield rises to -27.3 basis points. A close here will be highest since Jan 29
Crude oil futures settle at $82.21
Stock earnings for the quarter were kicked off. What's on tap for next week?
What happens after the first rate cut. Recession? Stocks move lower?
A number of currency pairs stretched to key target levels including the NZDUSD. What next?
Keep an eye on China's Third Plenum meeting next week
Japan's Kanda: Won't say whether intervention was conducted or not
House Democratic leader Jeffries met with Biden yesterday. The read-out isn't glowing
UMich July consumer sentiment 66.0 vs 68.5 expected
Kickstart the FX trading day for July 12 w/a technical look at the EURUSD, USDJPY & GBPUSD
USDJPY → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
USDJPY moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello 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.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Japanese Yen dropped to its lowest level in nearly 4 decadesAll data supports LONG usdjpy
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According to Nikkei, till now, Japanese institutional traders have now no longer poured capital into overseas markets on any such big scale. Banks offered simplest a internet 220.7 billion yen of overseas property withinside the first 1/2 of of this 12 months. Meanwhile, pension price range bought a internet of 9.forty three trillion yen withinside the identical period.
The using pressure using the float of cash into foreign places property is the organization of retail traders who're changing their financial savings into investments to deal with inflation. Core CPI in Japan has always multiplied extra than 2% every month given that fall 2022. May CPI multiplied 2.1%, better than the BOJ`s goal of 2%.
Currently, only a few monetary merchandise in Japan generate returns better than 2%. One-12 months deposits of as a minimum three million yen had hobby costs of simply beneathneath 0.1% in June. Japanese authorities bonds bought to retail traders had hobby costs of much less than 1% this month. The predicted dividend yield of Japanese shares in keeping with the Nikkei Stock Average is simplest 1.75%, nevertheless decrease than inflation.
“Investment cash has a tendency to float to Western nations and elsewhere, in which monetary and company boom expectancies are high,” stated Soichiro Tateishi, an economist on the Japan Research Institute.
When Japanese traders purchase shares or bonds denominated in USD via mutual price range with out a foreign money hedging strategy, they'll ought to promote yen to shop for USD. Accordingly, multiplied funding sports via NISA positioned even extra strain at the yen. Investors chickening out capital will assist the yen appreciate. However, NISA is a software primarily based totally on lengthy-time period investments, so the yen will now no longer be capable of get hold of momentum from here.
Meanwhile, Japan's change deficit has lengthy been taken into consideration a structural issue inflicting the yen to fall. As an electricity importer, Japan has visible a change deficit for the reason that 2011 earthquake and tsunami, which pressured the u . s . to import extra electricity because of the closure of nuclear strength plants.
From January to May 2024, Japan's change deficit stood at three.forty five trillion yen. This discern will boom to three.eighty three trillion yen while facts via mid-June are included.
Some professionals have warned approximately the capital flight of retail traders. Meanwhile, the yen is buying and selling at a hundred and sixty for 1 USD, whilst at the start of the 12 months it became 140. One manner to show the scenario round is to boom the splendor of the Japanese inventory marketplace and different monetary merchandise.
According to Shingo Ide, leader monetary engineer at NLI Research Institute, Japanese businesses “are beginning to make efforts to enhance profitability and capital efficiency.”
However, Nikkei stated, any essential exalternate to the contemporary fashion will take a protracted time.
USDJPY on 4-hr Timeframe (downtrend channel) (short for now)I have plotted out the key levels for resistance and support.
Nearest Resistance: 160.82-160.87
Nearest Support: 160.26-160.30
Resistance Turned Support: 159.83-159.91
Major Support: 157.70-157.98
Scenario 1
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If Bullish Candlestick formed above 161.20 (Bull Flag Breakout), a continuation of Higher High will be around 162.70.
Scenario 2
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If Bearish Candlestick Formed below 160.26, price will continue to correct to 159.83-159.91.
Scenario 3
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Major Correction towards to 157.70-157.98 (probably takes 2-3 weeks to reach there).
Bearish USDJPY for week 2024-07-061st July has a breakout of UT, confirming a BOS, and attempt for top trend channel.
2nd July has EQH, signals a buy-side liquidity.
3rd July a BOS with UTAD confirms a short signal, with the next bar heading towards sell-side liquidity and attempts to break down to the bottom of trend channel!
4th July a confirmation of bottom trend channel break, leaving trails of bearish candlestick patterns
With the bearish outlook from last week, a possible bearish setup maybe around 161.15 zone with TP at 160.
Japan's efforts to protect the yen exchange rate fell into vain"ALL THE PROBLEM IS WITH THE FED"
On Wednesday`s buying and selling consultation, the yen fell to 160.88 yen for 1 USD, the bottom degree due to the fact that 1986. Early this morning (June 27) withinside the Asian marketplace, the yen rebounded slightly. 160.sixty three yen to at least one USD.
The yen has depreciated approximately 2% this June and fallen 12% due to the fact that the start of the yr as compared to the USD, withinside the context of a regular growth withinside the USD alternate price due to the fact expectancies approximately whilst the Fed will begin decreasing hobby prices are constantly driven back. .
The Dollar Index, which measures the power of the USD in opposition to a basket of six different predominant currencies, has accelerated 1.25% this month and is up 4.sixty three% due to the fact that the start of the yr - consistent with facts from MarketWatch. On Wednesday consultation, Dollar Index handed 106 points, the very best in 2 months.
The predominant motive of the yen devaluation as compared to the USD is the hobby price distinction among americaA and Japan. The Fed's short-time period hobby price is five.25-five.five% and the Bank of Japan (BOJ) is 0-0.1%, making the yen an appealing investment foreign money. in hobby price differential transactions (bring trade).
According to Bloomberg, international traders recognize that the yen will face downward stress so long as USD hobby prices stay high. In the worldwide foreign money marketplace with a transaction fee of 7.five trillion USD according to day, the non-stop devaluation of the yen is a clearer proof of US affect withinside the economic sector.
“The hassle is all with the Fed. Higher and longer hobby prices withinside the US are attracting cash to americaA and making the USD robust," stated leader bond funding strategist of NatAlliance Securities LLC, Mr. Andrew Brenner. Mr. Brenner stated that for Japan, that is a challenge.
Wednesday's buying and selling consultation completely contemplated America's dominant function in international economic markets. The Dollar Index's 0.4% growth this consultation positioned downward stress on nearly all different currencies withinside the world. The US inventory marketplace is on course to finish some other area of robust gains, whilst the Ministry of Finance without difficulty bought all 70 billion USD of Treasury bonds withinside the public sale at the equal day.
For the yen, the tale is absolutely different. At an alternate price of almost 161 yen to at least one USD, the foreign money has depreciated past the factor in which Japanese government intervened withinside the forex marketplace in past due April and early May. This manner efforts Spending greater than 60 billion USD to defend Tokyo's yen alternate price has "failed", however happily it handiest bogged down the price of devaluation of the yen.
Usd Jpy Intervention shortAnalysis of USD/JPY Short Signal Based on Potential Bank of Japan Intervention
The BOJ has a history of intervening in the currency market to stabilize the yen, especially when rapid depreciation threatens economic stability.
Previous interventions have led to sharp, albeit sometimes short-lived, reversals in the USD/JPY pair.
Current Economic Conditions:
Japan:
Inflation remains low, and economic growth is sluggish.
The BOJ continues with its ultra-loose monetary policy, but any signs of overheating in the exchange rate might prompt intervention.
United States:
The Federal Reserve has been relatively hawkish, focusing on controlling inflation through interest rate hikes.
This policy divergence has contributed to the USD strength against the JPY.
Market Sentiment:
Recent movements have seen the USD/JPY testing higher levels, potentially triggering concerns for the BOJ about excessive yen weakness.
Speculation of intervention can often lead to preemptive market adjustments.
Technical Analysis
Resistance Levels:
The pair may face resistance around historically significant highs, which could act as a trigger point for BOJ intervention.
Support Levels:
Key support levels will be watched to assess potential downside targets if intervention occurs.
Sustainability of BOJ Actions:
The effectiveness of BOJ interventions in reversing long-term trends is historically mixed.
Given the potential for BOJ intervention to correct an overextended yen depreciation, a short position in USD/JPY could be strategic. However, traders should closely monitor key economic indicators, BOJ communications, and technical resistance levels. Proper risk management, including stop-loss orders, is essential to navigate the inherent uncertainties and volatility associated with such interventions.
USD/JPY Overheated: Indicators Signal Potential ReversalThe USD/JPY pair is showing signs of a potential reversal as price action appears to be overheating. This is most evident in the Relative Strength Index (RSI) and Stochastic indicators, both of which are in overbought conditions and exhibiting divergence. These technical signals suggest that the current upward momentum may be running out of steam.
Japanese authorities are closely monitoring the situation and are poised for intervention if necessary. However, they are likely to wait and see if upcoming US economic data releases on Thursday and Friday will naturally ease the pressure without requiring direct action. This cautious approach allows them to avoid unnecessary intervention unless it becomes absolutely necessary.
In the meantime, we are looking to anticipate this potential reversal by considering a short position. The combination of overbought technical indicators and the likelihood of Japanese intervention, alongside the potential influence of forthcoming US data, creates a favorable scenario for a bearish trade setup. By positioning ourselves ahead of these developments, we aim to capitalize on a possible downturn in the USD/JPY pair.
USDJPY Sell | Trade SetupUSDJPY is moving in an ascending channel between the trend lines.
The price has reached the resistance level, which has already acted as a reversal point.
We expect a decline.
Hello 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.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Retail Traders Poised for Yen Rebound - Consider Shorting USDJPYI am writing to bring to your immediate attention a critical development in the forex market that could present a significant trading opportunity.
As many of you are aware, the recent slide in the Japanese yen has been a point of concern. This depreciation has heightened the probability of Japan intervening in the market once more to stabilize its currency. Historical patterns suggest that such interventions can lead to rapid and substantial movements in the yen's value.
Currently, it appears that retail traders are reloading their bets in anticipation of a rebound in the yen. This collective action underscores a growing sentiment that the yen is poised for a recovery, potentially driven by governmental measures to curb its decline.
Given these circumstances, it may be prudent to consider positioning yourselves for this anticipated rebound. Specifically, shorting the USD/JPY could be a strategic move. By doing so, you could potentially capitalize on the yen's resurgence if Japan steps in to support its currency.
I urge you to review your portfolios and assess the potential benefits of shorting USD/JPY in light of the current market dynamics. As always, ensure that any trading decisions are made with careful consideration and risk management.
Stay vigilant and informed. The forex market is highly dynamic, and timely actions can make a significant difference.
USDJPY ( NEW HISTORICAL PEAK ) ( 1D )USDJPY
HELLO TRADERS
for this week , the price attempt to create a new historical peaks
ENTRY POINT : the price is under bullish trend at 158.253 , the last week the price stable in buy zone , for this week it continues trade in buy zone and will attempt to create a new historical peaks , if breaking the entry point for any reason by open candle 1D below 158.253 active sell zone
ACTIVE BUY ZONE : for this week , if the price stable at 158.253 active buy zone , the price will attempt to reach resistance point 160.196 and 161.816 , it will be the creations of new historical peaks
ACTIVE SELL ZONE : if the price breaking entry point at 158.253 for any reason active sell zone , the price by open candle 1D below entry point reach a155.592 and 154.273 , stable this level reach 151.727
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* Thank you , if you support this idea with your likes and comments , I hope you a profitable week 🤍
USDJPY keeps breaking recordsThe USD/JPY pair traded near a seven-week high above 158.00 during today's European session. The rally appears to have paused amid uncertainty over the Federal Reserve's (Fed) interest rate path and the release of Japan's national Consumer Price Index (CPI) data for May , will be announced on Friday.
Market expectations for the Fed to start cutting interest rates from its September meeting intensified after US Retail Sales data for May missed estimates. Monthly retail sales increased 0.1%, slower than expectations of 0.2%. The Retail Sales report also showed households cutting back on discretionary spending, suggesting weak purchasing power due to high inflationary interest rates.
At the Tokyo front, the Japanese Yen weakened despite the minutes of the Bank of Japan's (BoJ) June meeting showing that Governor Kazuo Ueda advocated raising interest rates earlier than expected. BoJ Ueda advocates further policy tightening due to rising inflation risks due to the weak Yen. Japan's exports have become competitive in global markets and import costs have increased, which could push price pressure higher.
This week, the main factor affecting the Japanese Yen will be the national CPI data. Annual national CPI excluding Fresh Food is expected to increase to 2.6% from 2.2% previously.
The pair will likely continue to increase by more than half with the expectation of the upper border at 159,600-160,200. At this point, it is necessary to have adjustment policies of the Japanese economy as the currency and economy become increasingly weaker.
USDJPY - Look for a long !!Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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USD/JPY: Keeping an eye on false breaksOn Friday we saw USD/JPY failed to hold onto intraday gains above 158 following the BOJ meeting, and close the day back beneath the prior 'MOF intervention' level to form a shooting star candle.
Prices drifted higher on Monday on relatively low volume, putting us once again on guard for either a false break of 158 or Friday's high.
We're seeing a simple countertrend move back down to the high-volume node around 157.30 or even 157, should US data surprise enough to the downside later today.
Sell USD/JPY Wedge BreakoutThe USD/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position below The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 157.55.
Target Levels :
1st Support – 156.00
2nd Support – 155.20
Stop-Loss: To manage risk, place a stop-loss order above 158.35. This helps limit potential losses if the price falls back unexpectedly.
Thank you.