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Yen

JPY Basket (FXCM) - LONGWhile I am not a die-hard fan of FXCM's Yen Basket (much prefer NAFTA + Japan vs. "the World"), this index/basket is clearly working on an turn here. It is still relatively week but has likely put the worst behind it. Now, it is all about acceleration which, judging from past behavior, ought to gain significant momentum. Again, I'd suggest to use this "basket" as an indicator rather than trading it outright - which is also possible. (Work in progress on a properly weighted NAFTA + Japan Index.)
FX:JPYBASKETLong
by Nemo_Confidat
USD/JPY: The case for a bearish reversal buildsUSD/JPY has delivered a decent trend for bulls so far this year, having risen 14% since the January low. Yet we have been fully aware that net-short exposure to yen futures has approached a historical extreme as USD/JPT prices rose towards 145. Incidentally, 145 was the upper range of the liquidity gap we mentioned in a previous article which has now been filled, and USD/JPY has printed a bearish engulfing week at the 145 handle. With risks of yen intervention very real and traders positioned so strongly to the short side of yen futures, we suspect USD/JPY is at or very near an important inflection point. What could make the difference between a natural pullback against the YTD trend or a sharp reversal could be incoming economic data from the US and Japan. A softer-than-expected CPI report for the US could likely help push USD/JPY lower, but the real bearish catalyst could be if the BOJ finally get serious about abandoning their YCC (yield curve control). Over the near-term, a move to the 140 and 138 handles seem achievable over the coming weeks as part of a much-deserved retracement against a one-sided trend so far this year.
Short
by CityIndex
DXY does the job for the BoJOver the last couple of weeks, the USDJPY retraced strongly from the 145 price level to the 137.20 price area. As the USDJPY reached the 145 price level, there was significant speculation about whether the BoJ was going to intervene. However, it was the weakness in the DXY that brought the USDJPY lower. Although the USDJPY, the price failed to break above 23.60% Fibonacci retracement level while also forming a pinbar rejecting the 139 price level. Look for the USDJPY to break below the 137.70 support level to signal a continuation of the downtrend with the next key support level at 135.66 which was last tested 16th May 2023.
Short
by JinDao_Tai
Japan Yen's Strengthen Secure a True Low Volatile HedgeAs the Federal Reserve tightens its monetary policy and inflation rates continue to drop, the Japan Yen has steadily strengthened. This trend presents a unique chance to diversify your trading positions and capitalize on Yen's increasing value. By incorporating the Yen into your portfolio, you can potentially shield yourself from market volatility and enhance your risk management strategies. Why choose the Japanese Yen, you may ask? Well, let me share a few compelling reasons: 1. A Safe Haven Currency: Historically, the Yen has been considered a haven currency during economic uncertainty. It's stability and low volatility make it an attractive option for traders seeking a reliable hedge against market fluctuations. 2. Economic solid Fundamentals: Japan boasts a robust and resilient economy supported by technological advancements, a skilled workforce, and a commitment to innovation. These factors contribute to the Yen's strength and make it an appealing choice for traders seeking stability. 3. Diverse Trading Opportunities: The Japan Yen offers many trading opportunities across various currency pairs. Whether you prefer significant pairs like USD/JPY or exotic pairs like EUR/JPY, the Yen's liquidity, and popularity ensure ample chances to profit. Now, it's time for action! Don't miss out on leveraging the Japan Yen's strengthening trend. Here's what you can do to seize this opportunity: 1. Evaluate Your Portfolio: Assess your current trading positions and identify areas where the inclusion of the Japan Yen could enhance your risk management and diversification strategies. 2. Stay Informed: Keep a close eye on market indicators, economic news, and central bank policies that may impact the Yen's value. This knowledge will help you make informed trading decisions and maximize your potential profits. 3. Collaborate and Learn: Engage with fellow traders, attend webinars and seminars to gain insights and exchange ideas about trading the Japanese Yen. Sharing knowledge and experiences can be invaluable in refining your strategies. Remember, the forex market is ever-evolving, and adapting to new trends is crucial for success. Adding the Japan Yen to your trading arsenal can unlock a true low-volatile hedge and amplify your gains.
Short
by bryandowningqln
2
IRRJPY LONG Iranian Rial getting stronger vs Japanease YenIran’s currency hits record low amid tensions with the West Depreciation of the rial comes amid boiling tensions with the West and continuing protests in Iran. On Sunday, the United States dollar went past the 450,000-rial mark for the first time on the open market. On Sunday, the central bank said it will soon raise the maximum amount of currency that can be sold to an individual annually from 2,000 euros ($2,176) to 5,000 euros ($5,439) in an apparent effort to show it has no shortage of currency. The cap was introduced after the US unilaterally abandoned the 2015 Iran nuclear deal with world powers in 2018 and imposed harsh sanctions, triggering a new currency crisis in Iran. To combat currency devaluation, Iran’s police force has periodically announced the arrest of dozens of currency speculators in recent months. Japan's Finance Minister Shunichi Suzuki kept up verbal warnings on Tuesday against the yen's depreciation, saying he would respond appropriately if currency moves became excessive. At the end the interest rates differential between 2 countries are important. Which country offers more interest rates for your money? That currency is the winner
Long
by DaveBrascoFX
6
USD/JPY bears are at risk of being 'caught short'USD/JPY has been playing nicely with our analysis of late, having rallied to 145 and close the 300-pip liquidity gap we warned of before accelerating lower this week in line with our bearish bias. But given levels of support nearby and a few metrics on hand, bears may want to be cautious around current levels. USD/JPY is trying to close lower for a fifth day - which is a bearish sequence not seen since December (and April 2021 prior to that). It's current 5-day decline is also its most bearish since December, and 5-day moves between -3.5 to -5% tend to snap back higher. But it is also around the midway point of the congestion zone which formed in June, which are areas which can prove to be 'sticky' once retested. With all these clues combined, we suspect a pause in the bearish move is imminent at a minimum (if not, a countertrend move seems more likely). Whether it can bounce hard and fast today is likely dependent upon whether US inflation comes in hot or not. But with so many indication of an inflection point, bears may want to refer to lower timeframes fore their shorts to avoid getting 'caught short' at the end of the cycle.
by CityIndex
CADJPY I BOC Rate Statement Trading PlanWelcome back! Let me know your thoughts in the comments! ** CADJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
12
CADJPY: Retracement Expected FirstI'm expecting a retracement from this pair soon. it's massively over-bought, that said I think it will push up to just past 110 to meet resistance before it does. I've got my alerts set at 110. Being over-bought is not a determining factor, we can see that recent previous high levels were more overbought than they are now, before retracement. I can also see that the loose monetary policy of BoJ continues to negatively affect the value of the Yen, and this doesn't look set to change, so I'll be waiting and watching - if we break resistance then we could be heading all the way up to 116 - 118 (last seen in 2007), but I do think we'll retrace first, down to 106.5 so could be around 350pips. I'll be using LTF's and wait for confirmation before executing any trade.
Short
by Finchcliffe
1
Nikkei break out? - China's JapanificationThe recent Nikkei rally is bringing it ever closer to that "magical" 30,000 level which it hasn't touched since the late '80s collapse. IFF a breakout occurs, expect a collapse in all XYZ/JPY pairs - since, true to form, every equity/hedge fund in the world is expected to pile in. Internal Chinese (export/import) numbers are showing a fair pick up in exports - post Covid - BUT a very anemic internal demand, with import numbers steadily surprising to the down-side (by a lot!). Simultaneously Japanese heavy industry is racking up some solid numbers lately, especially in regard to steel, automobile and electronic components. All of this is fueled by an abating chip shortage, giving world wide car production a boost. E.g. Watch the Nikkei price action and fully expect a blinding YEN rally should that 30,000 level get blown away!
OSE:NK2251!Long
by Nemo_Confidat