Usdjpysignal
USDJPY DOWN USD/JPY holds recovery near 146.50 after BoJ Summary of Opinions
USD/JPY holds the recovery near 146.50 in Asian trading on Thursday. The Japanese Yen defends bids after the BoJ Summary of Opinions and amid a risk-off market mood, acting as a drag on the pair. The focus shifts to US employment data. 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 analysisAlthough Tuesday’s rebound was short-lived, comments by BoJ officials spurred a U-turn on the USD/JPY, which posted a close below 144.20 on Tuesday, but it’s registering its largest gains since March 2023.
If USD/JPY extends its gains past the 148.00 figure, this could exacerbate a test of the Tenkan-Sen at 148.45. Further gains lie overhead at 149.00 before buyers can push the exchange rate toward the 200-day moving average (DMA) at 151.50.
Conversely, if sellers push the exchange rate below the August 6 high of 146.37, that will pave the way for a pullback. The next support will be the 146.00 mark, followed by the 145.00 figure. Further losses lie underneath at the August 6 low of 143.61.
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DeGRAM | USDJPY rebound from supportUSDJPY is moving between the trend lines above the resistance level.
The price has reached the support, which has already acted as a pivot point.
We expect the rebound to continue after the retest of the dynamic support.
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USD/JPY bull flag forms at extremely oversold levelsBy Monday's low, USD/JPY had fallen -12.5% from its July high and the daily RSI (14) had reached its most oversold level since 1996. And with a bullish inside day on Tuesday with a potential bull flag forming on the intraday timeframe, dups look good over the near-term for bulls. Whether it can truly capitalise on any decent rally depends on appetite for risk in general, but for now we look at a cheeky long.
DeGRAM | USDJPY dropped below the trendlineUSDJPY is moving under an ascending channel between the trend lines.
The chart has fallen under the 50% retracement level.
We expect the decline to continue.
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USDJPY: +1800 PIPS Big Buying Opportunity! Dear Traders,
Hope you are doing great last two setups on USDJPY, did not work out in our favour, however, we still aim for price to grow after touching our area. Please wait for price to drop to our area before entering or taking any entries.
Good luck and trade safe.
#USDJPY: +1200 Pips Major Swing Buy! Dear Traders,
Due sudden bullish move on JPY index, price fell to 152.00 region compared to 155.00 which was our area for reversal in our last idea which hit breakeven after being in profit of 180+ pips. So now we have possible reversal point from this area, however, the price is still tricky. Please use accurate risk management.
Good luck.
Usdjpy upUSD/JPY: To test 150.50 in short term – UOB GroupSharp drop in USD has scope to extend. Any decline is likely part of a lower trading range of 150.50/155.00, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
Bears to break below 150.50
24-HOUR VIEW: “Our view for USD to trade in a range was incorrect. USD traded in a volatile manner, rising to 155.21 before plunging to a low of 152.64. The sharp drop from the high has scope to extend, but given that conditions are approaching oversold levels, it is yet to be determined if any further decline can reach the major support at 151.30 (there is another support level at 151.90). Resistance levels are at 153.20 and 153.80.”
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.
DeGRAM | USDJPY rebound from the trend lineUSDJPY is moving under a descending channel between the trend lines.
The price still remains above an important support level.
The chart touched the trend line, which was already a pivot point.
We expect a rebound after the support is retested.
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Implied volatility for USD/JPY spikes ahead of BOJ, FOMCThis time tomorrow we will finally know the outcome of the BOJ and FOMC meetings. Options traders clearly have it on their radar, as the 1-day implied volatility band has expanded to nearly 4x its usual range (defined with a 20-day average).
But with bets of a hike already accompanied with a much weaker yen, traders may also want to be on guard for the potential the hike is already priced in. Or that the BOJ don't hike at all. The latter scenario could also help USD/JPY bounce quite hard heading into the FOMC meeting, where a loss-dovish-than-expected Fed could send it higher still.
There is a support zone between 151.30 - 152 made up of several technical levels including a high-volume node, previous MOF intervention level and the 152 handle itself. Bulls could seek cheeky longs around such levels heading into the BOJ meeting and look to exit prior. Or hold on if they think the BOJ will disappoint (which they tend to do these days at their meetings). and that could see 152 act as a springboard.
However, the 151.30 - 152 zone could quickly turn into an opened trap door should the BOJ deliver the hawkish meeting alongside a dovish tone from the Fed that markets are so desperately seeking.
USDJPY Analysis==>>Falling Wedge PatternUSDJPY is moving in an Ascending Channel and Falling Wedge Pattern .
According to the theory of Elliott waves , USDJPY seems to have succeeded in completing corrective waves in the Falling Wedge Pattern .
I expect USDJPY to rise to at least the first target after breaking the upper line of the Falling Wedge Pattern .
U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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DeGRAM | USDJPY held above the trend linesUSDJPY is moving under an ascending channel above the trend lines.
The price has held above the strong support level, which has already acted as a pivot point.
The chart bounced off the dynamic support, which was already acting as a pivot point.
We expect the rebound to continue after consolidation above the dynamic resistance.
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USDJPY → Trade Analysis | SELL SetupThe price has fallen under the dynamic support, which now acts as resistance.
We expect the decline to continue after testing the lower boundary of the channel.
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 🤝
DeGRAM | USDJPY rebound from the retracement levelUSDJPY is moving under an ascending channel between the trend lines.
The price is above the 78.6% retracement level, which has already acted as a pivot point.
We expect a rebound after the retest of the retracement level.
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The yen exchange rate jumped because speculators feared interven
An ascending flag pattern appears, showing the recovery of USDJPY when news about the stock market or the recent presidential appointment continues to be good for the US market.
The USD fell to its lowest stage in approximately 2 months, a improvement amplified via way of means of the pointy boom withinside the fee of the yen that triggered turmoil in worldwide foreign money markets withinside the buying and selling consultation on Wednesday and this morning (18 /7).
Bloomberg Dollar Spot Index, an index of Bloomberg information organization that measures the USD alternate charge instantaneous marketplace, fell via way of means of 0.4% on Wednesday, to its lowest stage when you consider that past due May. This morning, the index persevered persevered to fall further, whilst the yen/USD alternate charge from time to time accelerated to 155.7 yen for 1 USD.
In addition to the downward strain at the USD from the opportunity that americaA Federal Reserve (Fed) can also additionally decrease hobby costs in September, the yen additionally accelerated sharply because of hypothesis withinside the marketplace that Japanese government can preserve to interfere withinside the forex marketplace to assist the home foreign exchange charge.
The yen has accelerated in fee via way of means of approximately 4% when you consider that closing Thursday - the time while Japanese government are stated to have intervened via way of means of promoting overseas foreign money into the marketplace. Japan`s Ministry of Finance and the Bank of Japan (BOJ) can also additionally have persevered to interfere on Friday.
In addition, the yen additionally accelerated in fee due to the fact an influential Japanese flesh presser referred to as at the BOJ to elevate hobby costs to assist the yen alternate charge, and previous US President Donald Trump issued a caution approximately the devaluation fashion of the yen. yen - a component that allows Japan advantage a higher aggressive role in exports.
Before this recovery, the yen closing week fell to almost 162 yen in line with USD, its lowest stage in 38 years.
Fluctuations withinside the USD/Japanese yen alternate charge appear to have had a robust effect on different USD foreign money pairs - in step with leader strategist Valentin Marinov of Credit Agricole bank.
DeGRAM | USDJPY a rebound from supportUSDJPY is moving between trend lines, under an ascending channel.
The price is testing the channel boundary and has already touched the trend line and support level.
We expect a rise after the support retest, which may reach 62% retracement level.
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Looking for USDJPY Set UpsLooking for potential set ups for UJ buys/sells. I was bearish a few days ago with my analysis and profited over 150 on that amazing drop that all JPY pairs dropped into. However, we could be in for a mini reversal until when we see the support trend potentially break. Rising wedge is looking like we can take a possible bearish move in the future.
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USDJPY: One More Bullish Confirmation 🇺🇸🇯🇵
As I predicted yesterday, USDJPY bounced nicely.
Analyzing a price action on a 4H time frame, I spotted
one more bullish pattern.
We can notice a completed double bottom formation
with a confirmed violation of its neckline.
I think that the pair will reach 159.07 soon.
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USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵
USDJPY tested a key horizontal support cluster
after a massive selloff cause by US CPI report.
I think that the pair is too oversold now.
To buy with a confirmation, wait for a bullish breakout of 158.12
- upper boundary of a tiny horizontal range on an hourly time frame.
A bullish continuation will be expected to 159.0 level then.
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