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Japanese Yen / U.S. Dollar

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USDJPY Rises, Facing Resistance at 154.822! USDJPY continues to maintain an upward trend, strongly supported by the 89 and 34 EMAs, affirming strong buying momentum. The key resistance level at 154.822 acts as a major barrier; if prices fail to break through, a potential pullback towards the support zone near 152.836 may occur. This support level could also present a buying opportunity for investors looking to capitalize on short-term corrections. Expectations for the Fed to keep interest rates high, coupled with the BoJ's dovish stance, are driving USD strength, pushing USDJPY to new highs. Investors should closely monitor economic data from the U.S. and Japan, as these factors could significantly impact the pair's future direction.
by Nava_Brish
Fundamental Market Analysis for November 12, 2024 USDJPYThe Japanese Yen (JPY) managed to strengthen slightly against its US counterpart in Tuesday's Asian session, but looks like it could weaken further. Japan's fragile minority government is expected to make it difficult for the Bank of Japan (BoJ) to tighten monetary policy. Moreover, the BoJ's summary of opinions from its October meeting showed that policymakers were divided on whether to raise interest rates again. This, along with fears of President-elect Donald Trump's tariffs returning, is putting pressure on the Japanese yen. Trump's policies and corporate tax cuts should put upward pressure on inflation, which could limit the Federal Reserve's (Fed) ability to ease policy. This, in turn, supports rising US Treasury yields and confirms a negative outlook for the low-yielding JPY in the near term. The US Dollar (USD), on the other hand, maintains the positive trend that followed Trump's victory in the US presidential election and suggests that the path of least resistance for the USD/JPY pair remains to the upside. Trading recommendation: Trade predominantly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004
USDJPY Will Go Up! Long! Please, check our technical outlook for USDJPY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 153.692. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 157.722 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
USD/JPY Buyers Target Three-Month High as Yen WeakensTrump's familiar rhetoric on trade tariffs has led to renewed concern for Japanese exporters, particularly at a time when Japan's economic stability relies heavily on external support to maintain growth momentum. These concerns, coupled with increased risk aversion, have weakened the yen against the U.S. dollar. As a result, USD/JPY managed to erase losses from the previous week, signaling renewed strength for the dollar. Technical Analysis From a technical standpoint, USD/JPY has approached a critical level on the daily chart, with buyers testing the resistance at 153.875. This price level represents a key inflection point, as it marks the upper limit of the pair's rally that commenced on September 16. A decisive break above this resistance would open the door for further gains, targeting subsequent levels at 154.582, 155.481, 156.473, and eventually 157.180. On the other hand, a failure to break through the 153.875 resistance level would embolden sellers, putting the focus back on the support levels at 152.883 and 151.277. Key Events to Monitor The minutes of the Bank of Japan's latest meeting indicated that policymakers remain cautiously optimistic about Japan's economic recovery and see opportunities for future rate hikes. This news has already prompted a reaction in U.S. Treasury yields, with the focus now turning to the upcoming 30-year Treasury bond auction on Wednesday. The outcome of this auction, along with ongoing U.S. election developments, could significantly impact the direction of U.S. yields, thereby affecting USD/JPY price action.
Long
by Errante
USDJPY Daily Analysis: Slight Bearish Bias Expected Amid !!USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Fundamental Shifts 08/11/2024 Introduction In today's analysis of USDJPY, the pair appears to carry a slight bearish bias, driven by significant macroeconomic factors. These include recent economic data from Japan, U.S. dollar movements, and evolving global risk sentiment. In this article, we’ll explore the critical factors affecting USDJPY today, helping you stay ahead in your trading decisions. --- Key Drivers Influencing USDJPY Today 1. Bank of Japan (BoJ) Policy Stance The Bank of Japan has maintained its ultra-loose monetary policy, but recent statements hint at a gradual shift if inflation stabilizes around target levels. Markets are speculating on potential policy adjustments, increasing support for the Japanese yen (JPY). Any tightening signals from the BoJ would strengthen the JPY, adding bearish pressure to USDJPY. 2. U.S. Federal Reserve’s Caution on Rate Hikes The Federal Reserve’s recent statements show a cautious stance on further interest rate hikes due to mixed economic data and inflation uncertainties. This dovish outlook has weakened the U.S. dollar (USD) across major currency pairs. A softer USD supports a bearish bias for USDJPY, especially as U.S. bond yields decline, making the JPY more appealing. 3. Global Risk Sentiment Impacting Safe-Haven Flows The JPY is considered a safe-haven currency and often gains during periods of market uncertainty. With mixed global economic indicators and recent geopolitical tensions, investors may lean towards the JPY, contributing to USDJPY’s bearish potential. 4. Technical Factors Supporting a Bearish Bias USDJPY recently tested key resistance levels and failed to break higher, adding to the bearish sentiment. The pair is also trading close to its 50-day moving average, a significant level that, if broken, could signal further downward movement. --- Technical Analysis Indicators Supporting a Bearish Outlook Moving Averages and RSI USDJPY is hovering near its 50-day moving average, a critical support level. A sustained break below this line may confirm a bearish trend. Additionally, the RSI (Relative Strength Index) is showing early signs of downward momentum, signaling potential selling pressure ahead. MACD and Volume Analysis The MACD (Moving Average Convergence Divergence) indicator is showing bearish divergence, reinforcing the expectation of a bearish trend for USDJPY. Volume analysis also shows a decline in buying pressure, aligning with the anticipated downward movement. --- Conclusion The combination of a cautious Fed, potential policy changes from the BoJ, and current risk sentiment suggests a slight bearish bias for USDJPY today. Traders should keep an eye on key technical levels and monitor any news impacting the USD and JPY for further confirmation. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #JapaneseYenOutlook - #USDJPYtoday - #USDJPYnews - #ForexMarketAnalysis - #USDJPYprediction
Short
by PERFECT_MFG
USD/JPY: Bullish Outlook with Key Support at 151.79USDJPY Analyze The overall trend remains Bullish as long as the price stays above 151.790, with bullish targets at 154.260 and potentially 156.58. A corrective move toward the pivot line at 151.79 is possible before the bullish trend resumes. However, if the price stabilizes above 151.790 with a daily candle close, a bullish move of 151.790 extend toward 154.26. otherwise, the closing daily candle below 151.780 will drop to 149.82 Key Levels: Pivot Line: 151.790 Resistance Levels: 153.60, 154.26, 156.58 Support Levels: 149.82, 147.82, 146.4 Expected Range: 151.78 - 154.26 Trend: Bullish while above 151.79
Long
by SroshMayi
USDJPY Is Bouncing Toward The NWOGLike many other currency pairs on the US dollar, USDJPY also opened with a downgap this week. This was still not closed and turned out to be a break-away gap with further price losses. The upcoming decision in the race for the US presidency is likely to be accompanied by high volatility. We expect USDJPY to close its gap soon. This assumption is also based on the fact that the price reacted with a bounce after reaching a Fibonacci retracement at 151.36.
Long
by Ochlokrat
USDJPY Analysis: Potential Retracement Amid USD StrengthUSDJPY recently broke out of a descending channel and surged to 153.77, but is now showing signs of a potential pullback. The price action suggests a possible retracement towards the highlighted support zone around 153.20 - 152.50. This movement is also influenced by the recent strength of the USD, driven by positive economic data and Federal Reserve signals on potential rate hikes. If this support holds, we may see a bounce back towards the recent highs, offering a buying opportunity
by Chipucu
USD/JPY Rate High: Yen Under Pressure from Strong USDCurrently, USD/JPY is rising as the U.S. dollar strengthens on expectations that Trump’s policies could impact Federal Reserve interest rates, driving the pair above 150. In the short term, USD/JPY may stay elevated, though long-term trends will depend on Fed rate decisions and the Bank of Japan’s (BOJ) response. While BOJ maintains its loose monetary stance, the Fed’s potential for high rates to control inflation continues to support the USD/JPY pair. However, if the Fed signals rate cuts or BOJ shifts its policy, USD/JPY may decline.
by VivianPalacios280824
USD/JPY surges as Trump storms to victoryThe US dollar is on a tear against the major currencies after Donald Trump’s sweeping victory in the US presidential election. In the North American session, USD/JPY is trading at 154.62, up a massive 2.0% on the day. There are still plenty of votes to count in the US election but it looking increasingly likely that Republican Donald Trump has been re-elected as President. Trump and Democrat Kamala Harris were in a dead heat going into the election on Tuesday and there was concern that declaring a winner could take days or even weeks, which would have led to prolonged uncertainty. In what was a huge surprise to both sides, Trump cruised to victory. The win is even sweeter for the Republicans as they likely have won control of both the House of Representatives and the Senate. With the Republicans in charge, Trump’s agenda will be easier to push through Congress. It should be noted that at the time of writing, the vote count is incomplete and Harris has not conceded defeat. The US dollar has responded to the Trump win with sharp gains and the yen is in full retreat. Trump’s threats to slap stiff tariffs on China, Europe and Mexico would support the dollar, as tariffs would raise inflation and interest rates. If Trump’s policies lead to trade wars, market sentiment will fall, further boosting the dollar. The Bank of Japan released the minutes of its September meeting today. At the meeting, the BoJ kept rates at 0.25% and Governor Ueda said that BoJ would not rush to raise rates during market volatility. Those comments were a response to a stock market slide after weak US employment reports raised fears that the US economy was deteriorating much more quickly than expected. Those fears were unfounded and the markets don’t expect a BoJ rate hike before early 2025, although if the weak yen takes a dive, it could accelerate plans to raise rates. USD/JPY has pushed past resistance at 151.86, 152.87 and 153.84. The next resistance line is 153.95 150.78 and 149.77 are providing support
by OANDA
USD/JPY: Should We Continue to "Buy" Following the Trend?Today, USD/JPY continued its remarkable rally, reaching 153.63 with a 0.67% increase on the day. This is an important step as the USD regains strength, while the JPY weakens due to political instability in Japan. Notably, the bullish trend remains intact with two stable EMAs below the candlestick chart, reinforcing the bullish momentum of this currency pair. Personally, Ben, recommends continuing to prioritize the "buy" strategy following the current trend. What do you think about the future of USD/JPY? Will the price continue to rise or is there a possibility of a bearish reversal? Share your thoughts and trading strategies!
Long
by Bentradegold
Japanese Yen Weakens Against USD, USD/JPY Continues to RiseThe Japanese Yen (JPY) weakened against the USD during the Asian trading session after the Bank of Japan's (BoJ) meeting minutes revealed a divide over the timing of interest rate hikes. Domestic political concerns and fears of potential protectionist trade measures from Donald Trump further weakened the JPY. Meanwhile, expectations that Trump's policies will drive inflation and limit the Federal Reserve's ability to ease further have supported the USD, helping the USD/JPY pair rise. Looking at the technical chart, the USD/JPY pair is also in an uptrend, trading around 153.33, up by 0.5%. Support at 152.23 is helping to strengthen the upward momentum, with resistance at 154.66. If the 152.23 support level holds, the USD/JPY pair could continue rising towards higher levels in the short term. However, investors should closely monitor technical signals and upcoming macroeconomic data to adjust their trading strategy accordingly.
by Alisa_Rokosz