USDJPY Key Levels Going forward | FED/BOJ AnalysisRecent USD weakness is causing a slight PB on USDJPY.
BOJ not desperate to raise rates and reacting to price movements.
Key levels noted.
JPYUSD trade ideas
Sell USDJPYUSDJPY Sell. Price broke below Thursday's low and quickly recovered into 38% fib zone. Price looks to be rejecting here. Sell now and take profit at support 151.300
USDJPY: Potential for a Slight Bearish Bias Amid Key FundamentalUSDJPY: Potential for a Slight Bearish Bias Amid Key Fundamental Drivers (25/10/2024)
Today, the USDJPY currency pair could experience a slight bearish bias, driven by recent shifts in both the Japanese and U.S. economic landscape. Here’s a breakdown of the factors contributing to this potential trend, along with insights into what traders should watch as the day unfolds.
1. Bank of Japan’s Potential Shift in Policy
The Bank of Japan (BoJ) has maintained its ultra-loose monetary policy stance for years, but recent signals suggest a possible move towards tightening. Japanese inflation rates have gradually risen, and with core inflation holding steady above target levels, the BoJ may finally consider adjusting its dovish stance. Any indication of a shift toward a more hawkish BoJ, even if gradual, could support the JPY, creating downward pressure on the USDJPY pair.
2. US Dollar Weakness on Federal Reserve Pause Speculation
The US Dollar (USD) has softened recently as speculation grows that the Federal Reserve may pause rate hikes. U.S. economic data has shown signs of cooling inflation, and Fed officials have hinted that a pause could be on the horizon, given recent macroeconomic indicators. A dovish tone from the Fed typically weakens the USD, thus enhancing the relative strength of the JPY. This potential softening in the dollar is an essential factor in the slight bearish bias for USDJPY.
3. Market Sentiment Shifting Towards Safe-Haven Assets
Investor sentiment is currently tilted toward safe-haven assets, largely due to ongoing geopolitical tensions and uncertain global economic conditions. While the USD is also a safe-haven currency, the Japanese Yen (JPY) often gains favor when there’s heightened uncertainty in markets, especially in Asia. This risk-averse sentiment is driving investors to seek the JPY, which could contribute to additional downward momentum in the USDJPY pair today.
4. Technical Indicators Suggest Resistance for USDJPY
From a technical perspective, USDJPY is encountering resistance around the 150.00 level. This is a critical psychological threshold, and the pair’s failure to break above this level reinforces a potential bearish sentiment. With Relative Strength Index (RSI) levels approaching overbought territory, a bearish correction might be anticipated. Additionally, a dip below the 149.00 support level could confirm this outlook and signal further downside potential.
Summary: Slight Bearish Bias for USDJPY
Today’s fundamental factors suggest a slight bearish bias for USDJPY, largely due to potential changes in Bank of Japan policy, a softer US Dollar from Federal Reserve pause speculation, and increased demand for safe-haven assets. Technical resistance at key levels also reinforces the likelihood of a bearish tilt for the pair.
Traders should watch for real-time updates on BoJ announcements, Fed commentary, and any developments in geopolitical news that could impact USDJPY direction.
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Keywords
1. USDJPY forecast
2. Bank of Japan policy
3. US Dollar analysis
4. Fed rate pause
5. USDJPY bearish trend
6. Forex trading insights
7. Safe-haven assets
8. Japanese Yen strength
9. USDJPY technical levels
USDJPY looking bullish on 1HThe pair is showing strong bullish momentum following a break and successful retest of our 1H level. We plan to enter a buy position around 151.894, aiming for a target level of 153.026. Stop-loss orders should be set at 151.468 to manage risk effectively.
This trade setup offers a risk-to-reward ratio of 1:2.65, presenting a favorable opportunity. As always, trade responsibly and ensure that this position aligns with your individual trading strategy.
USDJPY, going upper to strong resistHi friends, USDJPY have a good chance for continue its upper tendention. There is no accumulation process, just some passive purchases. 152.22 its a strong support level (2H X-Lines level). Target 156.1
Have a nice trading week ;)
USD/JPY Buy After PullbackUJ is still strongly bullish and we saw yesterday a slight Pullback, you observing Price action from support after liquidity sweep, I'm convicted we're resuming our trend continuation.
NB: Use proper risk management, no trade is 100% certain.
10/25 ! USD JPY ! touch trend set up SELL USD/ JPY trend forecast October 25, 2024
The Japanese Yen (JPY) failed to build on Thursday’s recovery and faced renewed selling pressure during Friday's Asian session. Japan's business activity data for October showed a contraction in both manufacturing and services sectors. Additionally, a drop in Tokyo’s core inflation below the Bank of Japan’s (BoJ) 2% target lowered expectations for further rate hikes in 2024, weighing on the JPY.
A positive market sentiment and US Dollar (USD) buying also supported the USD/JPY pair around the mid-151.00s. However, verbal intervention by Japanese authorities helped limit further JPY losses. Traders now await US economic data for short-term direction amid political uncertainty before Japan’s general election on Sunday.
H1 frame shows the price zone is adjusting - touching the trendline, continuing to adjust down
/// SELL USDJPY : zone 151.850 - 152.050
SL: 152.500
TP: 50 - 100 - 250 pips (149.550)
Safe and profitable trading
Fundamental Market Analysis for October 25, 2024 USDJPYThe Japanese yen (JPY) failed to capitalise on the previous day's recovery move against its US counterpart, attracting fresh sellers during the Asian session on Friday. The latest data, published on Thursday, revealed a contraction in business activity across Japan's manufacturing and services sectors in October. Furthermore, the decline in Tokyo's core inflation rate below the Bank of Japan's (BoJ) 2% target has led to a reduction in expectations of additional rate hikes in 2024, placing some pressure on the yen.
Furthermore, the prevailing positive sentiment towards risk factors is eroding the JPY's status as a safe haven currency. This, coupled with the emergence of some US dollar (USD) buying, is providing support for the USD/JPY pair near the mid-151.000 level. However, the recent verbal intervention by the Japanese authorities is helping to prevent a significant drop in the JPY and limit the currency pair's decline. In light of the upcoming general election in Japan on Sunday, traders are monitoring the release of macroeconomic data from the US for short-term momentum amid ongoing political uncertainty.
Trade recommendation: We follow the level of 152.000, when fixing above it we consider Buy positions, when rebounding we consider Sell positions.
WedgeSell pattern
Indicates the end or turn of trend
Usually targets after it breaks is the half point of fib or 61.8%
Sometimes it does the move until floor but thats a low rate at happening
Going Long on USDJPY CMP - 151.70
Duration - 15M
After fulfilling all Fibonacci retracement supports, USDJPY taking support on fresh trendline. SL - 151.52 Tgt 152.10
USD/JPY - Trendline Breakout with Potential Buy Opportunity"USD/JPY has just broken out of a trendline resistance. I have identified a green zone as a support level below. My idea is that if the price pulls back to this support zone, we could see buyers step back in, offering a strong opportunity to go long and push the price higher. Waiting for confirmation of a bounce in this zone before entering a long position.
USDJPY
** USD/JPY Trade Plan
🚀 **Breakout Trade**:
- **Entry**: 152.40-152.50
- **Stop-Loss**: 151.00-151.20
- **Target**: 153.50-154.00
- **Recommendation**: Enter this trade only if the price breaks above 152.50, confirming strong bullish momentum. Watch for a sustained break before entering.
📉 **Pullback Trade**:
- **Entry**: 150.20-150.50
- **Stop-Loss**: 149.50
- **Target**: 152.50 (Short-Term), 153.50-154.00 (Long-Term)
- **Recommendation**: If the price pulls back to this support level, consider entering. Set a tighter stop-loss to minimize risk in case of continued downward pressure.
🔎 **Fundamental Analysis**:
- **USD Strength**: The U.S. dollar is strong right now, supported by high bond yields and solid economic growth. Although the Fed is expected to cut rates in 2024, the dollar remains resilient for now.
- **JPY Weakness**: The yen remains weak due to the Bank of Japan’s low-interest-rate policy. The upcoming BOJ meeting on Oct 31 could bring some volatility if any changes to monetary policy are announced.
💡 **Impact**:
- If the **USD stays strong**, USD/JPY could continue to rise as investors favor the higher yields in the U.S.
- If the **BOJ changes policy** or U.S. interest rates fall, it could cause the yen to strengthen, leading to a potential trend reversal in USD/JPY.
**Final Recommendation**:
- **Breakout Strategy**: Look for a strong close above **152.50** before entering.
- **Pullback Strategy**: Watch for a bounce at **150.20-150.50** and be cautious of BOJ-related volatility. Use tighter stops for risk management.
USD/JPY H4 | Approaching pullback supportUSD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 150.86 which is a pullback support.
Stop loss is at 148.70 which is a level that lies underneath a pullback support.
Take profit is at 154.94 which is a swing-high resistance.
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USDJPY RETEST COMPLETE?Interest Rate Differentials: If the U.S. Federal Reserve raises interest rates or signals a more hawkish stance compared to the Bank of Japan (BoJ), the U.S. dollar (USD) may strengthen against the Japanese yen (JPY) as investors seek higher returns in USD-denominated assets.
Economic Data: Positive economic indicators from the U.S., such as strong GDP growth, low unemployment, or robust consumer spending, can boost confidence in the USD, making it more attractive compared to the JPY.
Safe Haven Flows: While the JPY is traditionally a safe-haven currency, during periods of global economic uncertainty, if investors perceive the U.S. economy as more stable, they may favor the USD.
Market Sentiment: Bullish sentiment in equity markets can lead to risk-taking behavior, prompting investors to move away from safe havens like the JPY and into riskier assets, further supporting the USD.
Geopolitical Factors: Political stability in the U.S. compared to Japan, or significant geopolitical events, can also influence currency strength, pushing traders to favor the USD.
Overall, a combination of these factors can contribute to a bullish outlook for USD/JPY.
USD/JPY: US Elections and Middle East War!USD/JPY fell towards 152.00 after reaching a 12-week high near 153.20, due to a temporary correction in the US Dollar (USD), which saw the Dollar Index (DXY) dip to 104.20. Despite this, the Dollar's outlook remains bullish, supported by positive economic data such as the October US services PMI, which exceeded expectations with an expansion to 55.3. Political uncertainty and the upcoming US presidential elections further enhance the Dollar's appeal as a safe-haven currency. In Japan, the cautious statements from Bank of Japan (BoJ) Governor Kazuo Ueda, who indicated a gradual approach to assessing inflation, suggest that further rate hikes are unlikely in the near term. This divergence in monetary policies between the US and Japan continues to support a bullish trend for USD/JPY, with the current correction seen as temporary.
USD_JPY GROWTH AHEAD|LONG|
✅USD_JPY is trading in an
Uptrend and the pair
Is making a local pullback
To retest the new horizontal
Support of 151.000 from where
We will be expecting a
Further bullish move up
LONG🚀
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usdjpy short conditionalusdjpy
short conditional
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
Sell to buy idea. The pair might test the support structures below in preparation of a continued bullish run. However, a break and stability of 151.000 without testing the lows will likely see the pair continue up.
USD/JPY - Potential Buy Reentry H4 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely.
Price Movement Insights: Reversal or Continuation?4H Chart
Current Price: 148.656
Reason for Bearish Reversal:
• Ascending Broadening Wedge (Bearish Reversal Pattern)
• RSI in Oversold Territory (Potential Correction)
Bearish Reversal Price Targets:
• 1st TP: 146.875
• 2nd TP: 143.750
• 3rd TP: 139.557
Conversely (Bullish Targets):
• 1st TP: 150.000 (Psychological Level)
• 2nd TP: 151.563
• 3rd TP: 153.125
Wishing you successful trades!
USD/JPY analysis - 24 Oct 2024152.3 acts as an important level today & if price stays below this level then we expect it to hit our target profit at 151.8.
If price breaks above 152.3 then it should hit 152.93.
Below is our recommendation;
Trade 1 (Risk 0.5% of your account size);
Sell USD/JPY @ 152.1
Stop Loss @ 152.3
Take Profit @ 151.8
Trade 2 (Risk 1% of your account size);
Buy Stop USD/JPY @ 152.3
Stop Loss @ 152.1
Take Profit @ 152.93
*Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
