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Japanese Yen / U.S. Dollar

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USDJPY USD/JPY is extending pullback from multi-month high of 158.07 set on Thursday. The pair drops toward 157.00 in the Asian session on Friday, courtesy of the negative shift in risk sentiment. Markets remain concerned about China's econmic health and the upcoming policies by the Fed and the BoJThe Department of Labour reported that individuals claiming jobless benefits for the first time were 211K, lower than estimates of 222K and the former release of 220K, upwardly revised from 216K. The Greenback was already performing strongly on expectations that the Federal Reserve (Fed) will reduce interest rates gradually this yearMeanwhile, the Japanese Yen (JPY) performs strongly against its major peers on Thursday amid worries that Japanese administration could intervene in the FX domain against excessive foreign exchange moves. Japan Finance Minister Katsunobu Kato said last week that authorities are watching FX moves closely and will act to stabilize faltering Yen
Short
by KingForex078
USD/JPY: After Testing 158.07, Ready for a Bearish Move?The analysis of the USD/JPY exchange rate reflects a complex combination of macroeconomic, monetary, and geopolitical factors influencing the pair's performance. During the Asian session on January 3, 2025, USD/JPY dropped toward 157.00, highlighting bearish pressure driven by a deterioration in risk sentiment and weak Chinese PMI data, which increased demand for the Japanese yen as a safe-haven currency. Reduced activity due to Japanese holidays amplified exchange rate movements. Nonetheless, Japan’s December manufacturing PMI showed a marginal improvement to 49.6 from November’s 49.0, although it remained in contraction territory for the sixth consecutive month. Recent dynamics have been influenced by declining U.S. Treasury yields, with the 10-year yield at 4.62% and the 2-year yield at 4.32%, temporarily weakening the U.S. dollar. However, the greenback’s resilience is supported by expectations of fewer rate cuts by the Federal Reserve in 2025. The DXY remains near 108.00, reflecting the dollar's intrinsic strength, further corroborated by solid U.S. economic data and persistently high inflation, with Tokyo's CPI rising to 3.0% year-over-year in December. In Japan, the government and the Bank of Japan (BoJ) maintain a cautious stance. The BoJ has emphasized that potential adjustments to monetary policy will depend on wage dynamics and inflation, which is expected to approach the 2% target in 2025. While the minutes of the latest meeting left room for gradual rate hikes, the likelihood of significant actions in the short term appears limited. This strengthens the expectation that the interest rate differential will continue to favor the dollar over the yen in the medium term. The global geopolitical and macroeconomic context also adds to uncertainty. Recent statements from Japan’s Finance Minister expressing concerns over unilateral and sharp currency market moves suggest potential FX interventions in the event of further yen depreciation. However, such interventions would likely have only a temporary impact, given that structural monetary policy dynamics remain favorable to the dollar. Investors are closely monitoring upcoming macroeconomic events, including U.S. Non-Farm Payrolls (January 10, 2025), which could confirm further strengthening of the U.S. labor market, and the U.S. CPI release (January 15, 2025), which will provide insights into the Fed’s future monetary policy trajectory. The BoJ’s monetary policy meeting is another key event, as any signal of monetary normalization could trigger yen strengthening. In the short term, the pair is expected to remain near current levels, with a potential test of the 158.07 resistance. In the medium term, the trend remains bullish, supported by the interest rate differential and the strength of the U.S. economy. In the long term, however, potential economic reforms in Japan and global monetary policy normalization could reduce the dollar's appeal against the yen, pushing the exchange rate lower.
Short
by Forex48_TradingAcademy
1
USD/JPY WANT SELLING AT 157.20USD/JPY Analysis and Forecast The USD/JPY pair has shown a clear rejection at its resistance area of 158.00, signaling potential bearish momentum. This level now positions itself as a strong selling zone for traders looking to capitalize on the downtrend. Technical Outlook Resistance: 158.00 Support Levels: 156.00 (key support), with further potential downside targets at 153.50 and 152.00. If the pair continues to hold below the 158.00 resistance, sellers may gain further control, pushing prices towards these technical targets. However, traders should keep an eye on the 156.00 support line, as a break below this level could confirm stronger bearish sentiment.
Short
by ALBERTGOLDHUNTER
2
USDJPY SELL POSITION Greetings Traders this is my analysis for USDJPY. From the last chart that had a solid growth we can see that the price is managing itself for a future Downtrend Movement. I think the price will start a downfall to it might reach our potential target for a Downtrend and for a Sell Position. After watching the chart it has been forming a head and shoulders pattern. Potential target should be somewhere near 154.527 stoploss is above the Head and Shoulders pattern near 158.201 key level Traders make your own analysis before trading. Please leave a Like,Comment and Follow! Thank you!
Short
by Zaks_ForexRules
USDJPY - looking to daily resistant levelHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
Long
by QQGuo-Shane
USD/JPY SELL SET UP!USD/JPY Sell Set-Up I have identified good levels for a short-term sell on USD/JPY with a favorable risk/reward ratio. The current market structure suggests a potential move downward, making this setup ideal for traders looking for short opportunities. 🔑 Key points to keep in mind: Always use a stop loss to manage risk effectively. Ensure your position size aligns with your trading plan and risk management strategy. Wishing everyone good luck and successful trades!
Short
by MoneyMavenFX
USDJPY towards 158* The price broke the downtrend line and is heading to 158 * Already broke so powerful resistances and is trying to recover after the massive bearish wave which hit that pair * The Japanese markets are closed though on 01.01 and also on 22.01.25 but Forex currency pairs are working though. * I expect a bullish open to the day of 02.01.25 Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
Long
by moustafa_marei
7