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JAPANESE YEN / AUSTRALIAN DOLLAR

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JPYAUD trade ideas

Lingrid | AUDJPY pullback TRADING opportunityThe price is currently in a strong downtrend and is pulling back to resistance after breaking out of a range zone. FX:AUDJPY experienced a significant decline, then tested the upper boundary of the downward channel before rebounding. Given the current fundamental and technical outlook, I believe the price is likely to continue downward and test the support level. I expect a price rebound from the resistance area above 98.000, which coincides with the channel boundary and the downward trendline. My goal is the support level at 93.000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
13
AUDJPY May Rise For a Bullish CorrectionAUDJPY May Rise For a Bullish Correction After AUDJPY dropped by 1950 pips in just 25 days chances are that the price will take a correction pause before moving lower. On the 60-minute chart, AUDJPY is making higher highs increasing the chances of a bullish correction as shown on the chart. Targets 95.80 and 97.00 Be careful and find a reversal moment in order to join the trade. You may find more details on the chart! Thank you
Long
by KlejdiCuni
2
Setup Sunday 04-08Hello Traders, Here's another Setup Sunday from my side. The market is very calm, actually not very calm but in a strong pullback overall and very much against their trends..so for my strategy it's very very calm right now. A lot of red, 1 trade that we're in and 1 potential for the next week. Next to that I also have some results from my scalping version of my strategy (You gotta trade in calm weeks too haha :)) Enjoy This video, please boost it, or comment for any questions. Good luck everybody! Happy trading! :D
by stefann187
AUDJPY Target 90The Yen has been pretty much toast for quite some time. That was until the 11th of July 2024. Technicals 1. Candlestick - Evening Star for the start of this corrective move away form 109.50. 2. 200 MAV - price crossed on the 17th July. 3. MAV Alignment - 20/50/200 lined up to the downside. 4. Momentum - from OB zone, a Bearish Divergence as a prelude to the corrective move. RSI staying in the sell zone & pretty much occupying the OS zone. 5. Volume - nearly all high volume bars align with the sellers, showing clearly they are in control. 6. Order Flow - price is trending down progressively and steadily , suggesting it will continue. There is no blow off shown as yet. We are in the 3rd leg down. Target - the unmitigated Demand Zone from June 2023. Fundamentals Value of AI - The strengthening of the Japanese Yen since early July 2024 can be attributed to several key factors: Bank of Japan’s Monetary Policy : The Bank of Japan (BoJ) raised interest rates to their highest level since 2008 and announced an aggressive quantitative tightening plan. This included reducing government bond purchases, which signaled a shift towards a tighter monetary policy12. Speculation and Market Reactions : There was increased speculation about further interest rate hikes by the BoJ, which led to the unwinding of carry trades. These trades typically involve borrowing in a low-interest-rate currency (like the Yen) to invest in higher-yielding assets elsewhere. As expectations of higher rates grew, investors started unwinding these positions, leading to increased demand for the Yen13. Global Economic Conditions: The Federal Reserve’s signaling of potential interest rate cuts in the US also played a role. This narrowed the interest rate differential between the US and Japan, making the Yen more attractive to investors13. Risk Aversion : During times of global economic uncertainty, the Yen is often seen as a safe-haven currency. Recent global market volatility and concerns about economic stability have driven investors towards the Yen So , from both perspectives a target of 90 is very compelling.
by Umlingo
1
AUD/JPY Crushed by Carry Trade UnwindAUD/JPY is the quintessential "carry trade" pair among the majors given Australia's clear link to global growth and Japan's persistent near-zero interest rates. After a strong start to the year, the pair has dropped over -1100 pips (-10%) in just the last 3 weeks along, underscoring the risk with crowded carry trades. A near-term bounce is possible, but with the BOJ starting to raise interest rates, it's unlikely we'll see the same level of enthusiasm for AUD/JPY longs any time soon. -MW
by FOREXcom