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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

USDJPY NEOWAVE ANALYSIS Experimental analysis with the intention to follow back later on as I am still learning The first correction is a diametric. It appears that we have experienced an X wave rally since 2011. I identify this as an X wave rather than part of a larger pattern due to the strength of wave A following the conclusion of the diametric. The X wave is subdivided into a zigzag. To declare the end of the C wave, we would need to see a movement that is faster and stronger than the one observed immediately after the conclusion of wave A. The chart appears unusual to me because it indicates that the dollar will rapidly decline against the yen, as the broader trend for this pair continues to be downward. My reason is simply due to the decline observed during wave C of the diametric.
by thekidtrader11
THOUGHTS ON USD/JPYUSD/JPY 1H - This is a very similar set up to the GBP/JPY analysis and this is because the JPY is quote for both pairs we are looking at, as you can see I want the same thing to happen. This is good as it helps build confluence, the fact that both pairs are correlating with each other and so is the analysis is a good thing. I have gone ahead and marked out a more fractal high with this one though. This is just to show a more pre-emptive aggressive approach, once price trades above this we can start to look to go long should the low thats been set at the Demand Zone sticks. This confirms to us that enough Demand has been introduced to flip the S&D balance. Once we have been delivered with that we will wait for price to pullback giving us the opportunity to buy into this market at a better price with a more refined entry.
Long
by Lukegforex
USDJPYM1 : bearish IMB failing to Hold, Heading towards High W1 : Consolidation D1 : Uptrend 4H : Shifted from Bearish to Bullish And pulled back to 50% Leg 1H : Bullish Narrative : * Monthly is heading towards the high, Weekly and Daily looks a bit Consolidation. * 4H and 1H has shifted from bearish to bullish and 15 Minute also Shows bullish shift in market structure. We can potentially open Long position on Monday Open one Position On Market Execution and another position on 1H OB if price comes to fill the order to the OB.
Long
by nptrade24
USDJPY - A Whole Lotta Pips in 2024!USDJPY has been one of our favourites to trade! We've managed to catch the start of the swing points for each wave since the beginning of 2024. Our entry method remains the same. Break of Trendline. Simple yet very effective if used correctly. Since our last setup, we've moved +600pips in our direction. We're currently holding it at breakeven and riding out the wave! See below for our past setups. Trade 1: Trade 2: Trade 3: Trade 3 (Public Post): Trade 4 (Public Post): Trades 3 and 4 have been public setups. Well done to those that were paying attention and caught it! Goodluck and as always, trade safe!
by WicktatorFX
2
USDJPY - A Whole Lotta Pips in 2024!USDJPY has been one of our favourites to trade! We've managed to catch the start of the swing points for each wave since the beginning of 2024. Our entry method remains the same. Break of Trendline. Simple yet very effective if used correctly. Since our last setup, we've moved +600pips in our direction. We're currently holding it at breakeven and riding out the wave! See below for our past setups. Trade 1: Trade 2: Trade 3: Trade 3 (Public Post): Trade 4 (Public Post): Trades 3 and 4 have been public setups. Well done to those that were paying attention and caught it! Goodluck and as always, trade safe!
by WicktatorFX
discussion about the trend of the #USDJPY in the new week.Friends who are interested, let's start a discussion about the trend of the #dollar in the new week. As you know, for example: the dollar-yen exchange rate has reached 149.53 from 156.76 units and has decreased by more than 72 pips or 4.61%. - On the valid 4-hour time frame, the RSI indicator is in the oversold zone - The chart is in its own good support zone Regarding the election of Mr. Trump, the stability in the global economy and the expansionary policy, etc., the above exchange rate will not remain at the current number. For example, we can look for a suitable bottom for a #long position by examining the relevant currency pair (of course, with technical confirmation and appropriate candlesticks.)
Long
by mansour1978
#UASJPY: Swing Selling is in progress, Are we heading Bears Era?Dear Traders, Hopefully, you having a great weekend so far, we have a great opportunity on USDJPY, possible a total bearish meltdown on all the jpy pairs especially with UJ, we are on the verge of collapse. At the moment we expect price to do a small correction before it drops further. At this correction we may expect price to reverse nicely. We expect this idea to be activated by Friday when we will be having a last nfp data of the 2024. Decembers are known for bears control over jpy pairs. thank you ;)
Short
by Setupsfx_
4
Weekly Market Wrap With Gary Thomson: 25 - 29 NovemberWeekly Market Wrap With Gary Thomson: SP500, US Dollar, Brent Crude Oil, Black Friday Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights - S&P 500 Index Hits a New Record - Dollar Declines Following Weak Macroeconomic Data - Brent Crude Oil Consolidates Ahead of OPEC+ Meeting - How Black Friday Could Impact the Stock Market in 2024 🌐 FXOpen official website: www.fxopen.com CFDs are complex instruments and come with a high risk of losing your money.
by FXOpen
1
USDJPY Testing Key Levels: Potential for Downside MoveHello, FX:USDJPY has faced a price rejection at the 1W Pivot Point, leading to a downside move as highlighted in the previous analysis. Currently, the pair is testing the 1M Pivot Point, which could act as resistance. If this level sees a rejection, the price may move toward 140.053, with 146.031 serving as a strong support zone. While buyers are stepping in aggressively at this stage, their actions may be premature given the current market conditions. A clearer decision can be made once the 1M Pivot Point has been thoroughly tested. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
USDJPY in Overbought Conditions - The 5th Wave CompletedUSDJPY in Overbought Conditions - The 5th Wave Completed 🚨Thursday, December 19 - BoJ Interest Rate Decision ✅The market expects the BOJ to raise rates on December 19, as BOJ Governor Ueda commented last week. Whether rates will be raised remains to be seen as they have lied several times on this subject in the past. However this is supporting JPY strength in the short-term. USDJPY is currently in overbought conditions. The likelihood that USDJPY has completed a 5-wave movement is very high, with the top of the 5th wave appearing to be at 156.73. This 5th wave was completed as a variation of a wedge pattern. Following any correction, USDJPY is expected to move down further in anticipation of the rate hike. If this happens, JPY might get a respite. However, we must be cautious, as the Bank of Japan (BOJ) is not always consistent in their promises and actions. You may find more details in the chart! Thank you and Good Luck!
Short
by KlejdiCuni
9
The Top Ten Money Habits Every Trader Should EmbraceSuccess in trading is more than just making strategic entry and exit decisions; it demands a holistic approach that encompasses effective profit realization, diligent capital protection, and a nuanced understanding of the psychological challenges posed by money. Many traders, especially novices, overlook these critical aspects, which can impede their journey to achieving full potential. By cultivating robust money habits, traders can sidestep common pitfalls and enhance their trading practices from haphazard speculation driven by luck to a disciplined methodology that enhances the chances of success over time. Positive money habits function like the gears in a well-oiled machine. They help traders manage stress and maintain focus in the face of market volatility, enabling them to adhere to their strategies rather than succumbing to impulsive actions. In this article, we explore ten key money habits that successful traders embrace. 1. Conservatively Allocate Your Net Worth to Trading In the realm of retail trading, the importance of a cautious approach to capital allocation cannot be overstated. New traders should consider investing only a small percentage of their total net worth into their trading accounts. This strategy serves several purposes, the foremost being financial preservation. When stakes are relatively low, the emotional impact of inevitable losses diminishes, allowing for greater objectivity and composure. This approach helps traders manage their mental resources, which are just as critical as financial capital, by minimizing the emotional stress associated with fluctuating account balances. 2. Limit Per-Trade Risk The 1% rule is a cornerstone of sound risk management, advising traders to commit no more than 1% of their total capital to a single trade. Adhering to this guideline is essential for maintaining stability and consistency within one’s trading operations. Small, manageable losses preserve trading capital and serve as a buffer against the emotional turmoil that larger losses can cause. By keeping losses minimal, traders can maintain emotional balance and avoid engaging in destructive behaviors such as overtrading or deviating from their established strategies. 3. Implement Stop-Loss Orders Stop-loss orders are a vital risk management tool that dictates a pre-established exit point for trades that begin to lose value. When conditions turn unfavorable, these orders automatically limit losses, transforming small setbacks into manageable situations, which prevents catastrophic financial consequences. By setting stop-loss orders, traders can detach from the emotional weight of each trade, reducing the temptation to react impulsively. Much like a life jacket keeps you afloat in turbulent waters, stop-loss orders protect traders from significant loss during market storms. Read Also: 4. Know When to Stop Trading Establishing a clear boundary for when to cease trading is essential to maintaining emotional health and discipline. Whether it’s after two consecutive losses or reaching a predetermined percentage of capital loss, these self-imposed limits serve as crucial safeguards against emotional decision-making and impulsive reactions to market shifts. Avoiding the trap of "chasing losses" is vital for long-term survival, as relentless attempts to recover lost funds can lead to reckless trading behavior. Read Also: 5. Maintain Accurate Records to Understand Your Performance Successful traders often keep a detailed trading journal to track their history of trades and analyze performance metrics. Regularly assessing key statistics—such as win/loss ratios, average trade sizes, and recurring mistakes—enables traders to identify patterns and areas for improvement. This diligent record-keeping allows for data-driven decision-making and objective assessments, facilitating strategic adjustments based on performance rather than emotion. In essence, a trading journal becomes more than a record; it transforms into an essential tool for growth and competitive advantage. Read Also: 6. Keep Trading Capital Separate from Personal Finances A fundamental principle for serious traders is to maintain a clear separation between trading funds and personal finances. This involves designating a specific amount of capital exclusively for trading, shielding everyday finances from the volatility that can arise in the markets. Treating trading as a business with its own financial structure fosters discipline and enables traders to navigate market fluctuations without compromising essential personal expenses, such as rent or family obligations. 7. Develop Emotional Control Successful trading is deeply rooted in emotional discipline. This trait differentiates a professional trader from an amateur gambler. Those capable of regulating their emotions can execute their trading plans with confidence, resisting the lure of impulsive, fear-driven decisions. Regular self-evaluation and mindfulness techniques contribute to emotional resilience, fostering a mindset that prioritizes strategic processes over short-term returns. Practicing emotional control enhances consistency and ultimately serves as a pillar of long-term success. Read Also: 8. Cultivate Patience for Sustainable Capital Growth Patience is a valuable asset in the trading world. Success is often achieved incrementally, necessitating a disciplined and sustained approach to trading rather than a frantic dash for immediate profits. By adhering to risk management principles and avoiding over-leverage, traders can gradually build their accounts, acknowledging that success is a marathon, not a sprint. Impatience can lead to hasty decisions that undermine a trader’s strategy, while a patient, methodical approach allows for the powerful compounding of gains over time. 9. Maintain Balance Beyond Trading It’s crucial for traders to remember that their self-worth should not solely depend on their trading outcomes. An inherent risk exists when traders overly identify with their trading performance, potentially clouding judgment and fueling emotional volatility. Fostering a balanced lifestyle that includes varied interests helps mitigate the effects of trading fluctuations on overall well-being. This broader perspective can help traders remain level-headed, ensuring that their mood and decision-making processes are not solely influenced by trading results. 10. Establish an Emergency Fund for Financial Security Finally, traders should prioritize building an emergency fund covering several months’ worth of living expenses. This safety net provides mental clarity and reduces the pressure that arises from needing consistent trading income. The unpredictable nature of trading can lead to significant financial stress, making it essential to separate one’s day-to-day financial needs from trading outcomes. With an emergency fund in place, traders can focus on making rational decisions without the looming pressure of immediate financial obligations. Conclusion In summary, successful trading transcends the mechanics of market entry and exit; it encompasses a comprehensive approach to profit realization, capital protection, and psychological resilience. By adopting sound money habits, whether you are an experienced trader or just starting, you can enhance your trading methodology and significantly improve your chances for long-term success. These strategies, from prudent capital allocation to emotional discipline, form the backbone of a resilient trading practice. Ultimately, cultivating these habits transforms trading from a game of chance into a systematic, strategic endeavor, paving the way for consistent profitability over time. ✅ Please share your thoughts about this educational post in the comments section below and HIT LIKE if you appreciate! Don't forget to FOLLOW ME; you will help us a lot with this small contribution
Education
by FOREXN1
11
Yen soars as Japan’s core inflation jumpsThe Japanese yen has surged higher on Friday after a strong inflation release. In the European session, USD/JPY is trading at 150.19, down 0.87% on the day. Earlier, the yen has broken below the symbolic 150 level for the first time since Oct. 21. Tokyo Core CPI, a key inflation indicator which excludes fresh food and energy, rose 2.2% in November, above market expectations of 2.1% and above the October gain of 1.8%. Tokyo CPI jumped 2.6% in November, blowing past the October reading of 1.8% and the forecast of 1.9%. The robust inflation data has sent the yen sharply higher as expectations for a December rate hike have climbed. The markets still aren’t sure which way the wind is blowing and have priced a December cut at around 60%. The Bank of Japan won’t win any points for transparency about its rate plans but the BoJ has hinted that its plans to continue raising rates and moving towards normalization. If the BoJ stays on the sidelines next month, it is expected to trim rates in early 2025. The BoJ has more on its mind than inflation when it comes to rate policy. The yen has been on a miserable slide since early October, although it has shown some strength this week. The BoJ is under pressure to raise rates in order to support the yen, although a quarter-point rate may not provide much of a boost. If the yen continues to lose ground and moves back towards the 155-160 level, we can expect the Ministry of Finance and the BoJ to warn about a possible currency intervention. This would be a last resort but Tokyo has carried through with interventions when it felt the yen was depreciating too quickly. USD/JPY has pushed below several support lines today. Currently, there is weak support at 149.89, followed closely by 149.63 152.05 and 152.54 are the next resistance lines
by OANDA