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Japanese Yen / U.S. Dollar

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USD/JPY Broke D Res Area , Be Reay To Buy It And Get 200 Pips !We have a very good Daily closure above our daily res , so we have a very good chance to buy this pair with retest to this broken res area and targeting 200 pips . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
3
USD/JPY Technical Analysis: (READ DESCRIPTION)USD/JPY Technical Analysis: Bullish Momentum Expected Pivot Point: 150.45 The pivot point at 150.45 serves as a key level of support for USD/JPY. As long as the price holds above this level, bullish momentum is anticipated. Our Preference: Long Positions Recommended Trade: Long positions are favored as long as the price stays above the 150.45 pivot point. This sets up the potential for upward movement toward resistance levels. Target Levels for Upside Movement: First Target: 151.10 This is the immediate resistance level where traders may take profits or evaluate a continuation of the bullish momentum. Second Target: 151.60 If the first target is surpassed, the pair could extend its gains toward the 151.60 level, signaling further bullish movement. Alternative Scenario: Downside Risks If the price falls below 150.45: Bearish Outlook: First Target: 150.10 Second Target: 149.70 These levels represent potential support zones in case of a bearish reversal. Technical Insights: RSI Indicator: The RSI is mixed but leans bullish, suggesting the potential for further upside if momentum builds. Traders should keep an eye on this indicator for confirmation of a stronger move.
by CharivapaAlgo
USDJPY Slightly Bearish Bias on October 22, 2024 !!USDJPY Slightly Bearish Bias on October 22, 2024: Key Drivers and Analysis As of October 22, 2024, the USDJPY currency pair is exhibiting a slightly bearish bias based on the latest market conditions and fundamental factors. In this article, we’ll break down the key drivers that could contribute to this potential weakness in the US Dollar (USD) against the Japanese Yen (JPY) and provide insights for traders looking to capitalize on these movements. 1. Dovish Federal Reserve Outlook Weakens USD The US Dollar has been losing momentum in recent sessions due to a shift in market sentiment around the future path of the Federal Reserve's monetary policy. Recent economic data out of the US, including softer-than-expected retail sales and a slowdown in the housing market, have led traders to anticipate a more dovish approach from the Fed. Despite persistent inflationary pressures, the Federal Reserve has signaled that it may pause rate hikes, which is reducing demand for the USD. This pause in tightening is making the USDJPY pair more vulnerable to downside risks, especially as traders shift to safer assets like the JPY in the face of rising uncertainty in global markets. 2. Bank of Japan's Potential Policy Shift The Bank of Japan (BoJ) has remained committed to its ultra-loose monetary policy for years, but there are signs that it may be reconsidering its stance. Speculation has grown that the BoJ might tweak its yield curve control (YCC) program or adjust its negative interest rates policy in the near future. Even though no official changes have been announced, the potential for a more hawkish policy shift is providing underlying support to the JPY. Investors are also pricing in the possibility that inflationary pressures in Japan could push the BoJ toward policy normalization, which would make the JPY more attractive relative to the USD. 3. Safe-Haven Demand for JPY Amid Global Uncertainty The Japanese Yen is traditionally viewed as a safe-haven currency, meaning that it tends to gain strength during periods of global uncertainty. Current geopolitical tensions, particularly in the Middle East, and concerns over global economic slowdown are driving risk aversion in the markets. This sentiment is boosting demand for safe-haven assets, including the JPY, while pressuring the USDJPY pair lower. Furthermore, ongoing concerns about China's economic recovery and lingering trade tensions between the US and other major economies are also contributing to increased risk-off sentiment, which favors the Yen over the Dollar. 4. Diverging Economic Data Between the US and Japan While the US economy has been showing signs of weakness, with disappointing retail sales and housing market reports, Japan’s latest GDP data surprised to the upside. The Japanese economy grew faster than expected in the last quarter, reinforcing the view that the country is starting to recover from its prolonged period of stagnation. This stronger economic outlook for Japan is providing additional tailwinds for the Yen. In contrast, US data continues to reflect a potential slowdown, leading traders to rethink their bullish stance on the USD. The combination of weaker economic performance in the US and stronger-than-expected growth in Japan is tilting the balance toward a bearish USDJPY outlook. 5. Technical Analysis and Market Sentiment From a technical perspective, the USDJPY pair has recently tested key resistance levels around 150.00 but failed to break higher, suggesting that a reversal may be underway. The pair is now trading closer to 148.50, with the potential to move lower if further downside pressure builds. Traders are watching for a break below the 148.00 support level, which could signal additional bearish momentum. Market sentiment, as indicated by the Commitment of Traders (COT) report, shows a slight increase in speculative short positions on the USDJPY pair, reflecting the broader expectation of near-term weakness in the USD. 6. Yen Intervention Concerns Another factor adding to the bearish bias for USDJPY is the potential for Japanese government intervention. In the past, Japan’s Ministry of Finance has intervened in the currency markets to support the Yen when it experiences excessive weakness. With USDJPY approaching levels that could trigger intervention, traders are cautious about pushing the pair higher, which is contributing to the pair’s bearish momentum. The Japanese authorities have issued warnings in recent weeks about excessive volatility in the Yen, and this potential intervention risk is helping to keep USDJPY in check. Conclusion: USDJPY Outlook for October 22, 2024 In conclusion, the USDJPY pair is expected to maintain a slightly bearish bias today due to several key factors, including the dovish Federal Reserve outlook, potential Bank of Japan policy shifts, and rising safe-haven demand for the Yen. The divergence in economic data between the US and Japan, coupled with technical indicators signaling downside potential, further strengthens the case for a weaker USDJPY pair in today’s trading session. Traders should keep a close eye on upcoming economic reports from both the US and Japan, as well as any potential intervention from Japanese authorities, which could impact the pair’s trajectory. For those trading forex, today’s market environment may present opportunities to capitalize on short positions in USDJPY. 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Short
by PERFECT_MFG
USDJPY Will Go Lower! Short! Take a look at our analysis for USDJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 150.710. The above observations make me that the market will inevitably achieve 148.225 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Fundamental Market Analysis for October 22, 2024 USDJPYThe Japanese yen (JPY) appreciated against its US counterpart during Tuesday's Asian session, partially recovering from the previous day's decline to its lowest level since late July. The recent verbal intervention from the Japanese authorities, coupled with a slight deterioration in global risk sentiment, have been instrumental in providing support to the safe-haven yen. However, the potential for gains for the yen is constrained by uncertainty surrounding the timing and pace of further interest rate hikes by the Bank of Japan (BoJ). Meanwhile, concerns over the possibility of a widening budget deficit following the US presidential election on 5 November and bets on a less aggressive easing policy from the Federal Reserve (Fed) have pushed US Treasury yields to their highest levels in almost three months. This could result in significant appreciation of the Japanese Yen being contained. In addition, the underlying bullish tone on the US Dollar (USD) supports the prospects of some dip-buying in the USD/JPY pair. Trade recommendation: Trading predominantly Buy orders from the current price level.
Long
by Fresh-Forexcast2004
USDJPY InsightHello to all subscribers! Please share your personal opinions in the comments. Don’t forget to like and subscribe. Summary of Major Issues - Mimura, Japan’s Vice Minister of Finance, commented, "The yen’s movements are somewhat one-sided and rapid. Japanese authorities are closely monitoring foreign exchange movements, including speculative moves by foreign capital." - The People’s Bank of China lowered the one-year and five-year Loan Prime Rates by 25 basis points each. - Lorie Logan, President of the Dallas Federal Reserve, expressed support for a gradual rate cut. - Former President Trump is predicted to have a 52% chance of winning the U.S. presidential election, and the U.S. 10-year Treasury yield has risen by more than 10 basis points. - Over the weekend, Israeli Prime Minister Netanyahu was targeted in a drone attack. Summary of Key Economic Indicators - October 22: BoJ Core CPI - October 24: U.S. Initial Jobless Claims, Services PMI USDJPY Trend Analysis The dollar has shown a sharp rise, leading to an upward trend in the USDJPY pair. As former President Trump’s chances of winning the U.S. election increase, the dollar’s strength has gained more momentum, with the U.S. election likely to remain a key factor moving forward. Currently, the chart shows resistance for USDJPY around the 152 line, with a potential drop toward the 140 line. However, as a clear trend has yet to form, we will need to observe further before making a final judgment on the direction. If there is any movement that diverges from expectations, we will revise the strategy accordingly.
Short
by shawntime_academy
USD/JPY: Japan’s Snap Election Opportunities Japan is holding a snap election this Sunday, triggered by a scandal within the ruling Liberal Democratic Party (LDP), despite a general election not being due until late 2025. The LDP, which has dominated Japanese politics for all but four of the last 65 years, has seen its popularity plummet. In June, its poll numbers hit their lowest point this century. While some polls predict the party could cling to its majority, bolstered by a fragmented opposition, fresh data from the Nikkei suggests a different outcome. The business daily warns that the LDP may fall short of securing a majority, a result that could lead to political upheaval not seen since 2009. Pullbacks in USD/JPY have been lessening since early October, and after clearing the 150.00 mark, the next targets for the bulls may be the 200-Day Moving Average and the range between 150.90 and 151.10. Amid a snap election, 152.00 is also a possible target. If the pair experiences another pullback, traders might consider a mid-point of current price action as a potential resistance level.
by BlackBull_Markets