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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

USDJPY – in accumulation phase but undoubtedly bullish .. 13 JanWeekly – Bullish, although it has been consolidating for the past 3 weeks. Daily – same as weekly. Please note that the bears have been unable to push price lower. Price is well above the 200dma. The area around 156.20 was has been tested multiple times and provides solid support (was resistance earlier). H4 – In line with the weekly and daily charts. A pullback to 156.20 and a bullish bounce there would be ideal, however that may not happen. We could see bullish price action even earlier. I will be monitoring PA closely and look for taking an entry whenever I see convincing bullish strength. An obvious target would be the next resistance in the 161.70 region. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
Dollar-yen hovers around six-month highsAs with euro-dollar, the main fundamental factor recently for dollar-yen has been monetary policy. The Bank of Japan’s recent moderate hawkishness seems more questionable now with real annual wages having fallen recently while the Fed seems to be confirmed to cut only twice this year. The break above ¥158 in the last few days hasn’t led to a clear breakout but a small retracement lower. In the context of the slow stochastic having signalled overbought consistently for nearly a month now, that might suggest that consolidation or possibly losses are more likely than another immediate movement upward. ATR has been extremely low recently, which could also signal a change of direction. Within the wide channel between ¥161 and ¥150 there’s considerable scope for movement around important upcoming data from the USA. A more positive NFP would usually suggest higher inflation also, but there are exceptions to this. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
USDJPY: consolidates ahead of FOMC minutesUSD/JPY remains near multi-month highs as the market awaits the FOMC minutes. Uncertainty over Bank of Japan (BoJ) policy and the wide US-Japan yield spread continue to pressure the Japanese Yen. Recent statements by BoJ Governor Kazuo Ueda suggest that future rate hikes will depend on economic and financial developments, while in the US, strong economic data supports the USD. Non-manufacturing PMI and job openings beat expectations, boosting Treasury yields. From a technical point of view, USD/JPY maintains a bullish bias initiated last month as long as it trades above 158.00, with targets at 159.00 and 161.946 (its last high to beat). Its key support is located at 157.00, the loss of which could trigger a move to deeper correction zones. If we observe the price is currently located around the Check Point, supporting its price above the most common trading zones. If the movement continues in a bullish tone, it could look for the midpoint of the channel. At the moment it seems to be in a mixed movement after a compression zone between the month of October and part of December. The RSI is currently overbought at 67% and the average cross continues to widen its price, so it does not look like it will stay there and seek to test the price of the highs of July last year. The market will be watching the FOMC minutes, which could influence the direction of the dollar ahead of Friday's Non-Farm Payrolls report. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Long
by ActivTrades
USDJPY trade idea buy and sell levels 05/January 4 hour chartUSDJPY traded bullish all week you can see this as a conformation on the daily and weekly trend lines. My bias would be bullish if we can break through resistance at 158.059 Entry for a buy would be 158.160 expecting to reach 160.276 which is next resistance. For a sell I would enter at 156.724 , need to watch out for 156.233 but if broken would expect a retrace to next support at 154.923 level As always use proper risk ,amagement and secure some pips when in profit
by F0rexBorex
USD/JPY Holds Steady Above 158.00: Is 160.00 Within Reach?Hello everyone! Currently, USD/JPY has retreated from its multi-month highs but remains steady above the 158.00 level during Tuesday’s Asian trading session. Support for the pair comes from ongoing uncertainty about when the Bank of Japan (BoJ) will raise interest rates again and the broad recovery of the US dollar. The greenback rebounded after Monday’s sell-off caused by speculation around Trump’s tariff policies, keeping USD/JPY firm ahead of the upcoming US labor market data. Further bullish moves could encounter resistance near the 158.00 zone or the recent multi-month high. A sustained breakout above these levels would likely energize bullish traders, opening the door to additional gains. USD/JPY could then aim for the 158.45 intermediate hurdle, reclaiming the 159.00 mark, and possibly targeting the psychological 160.00 level. If the momentum holds, the pair could even test the upper boundary of the long-term ascending channel near 160.50, as highlighted on the daily chart.
Long
by Karina_Paul
Fundamental Market Analysis for January 7, 2024 USDJPYThe USD/JPY pair is fluctuating near familiar levels, having started the new trading week almost unchanged. The pair is near recent highs as investors await decisions from the Federal Reserve (Fed) and the Bank of Japan (BoJ). Both central banks are expected to make new moves on interest rates in 2025, with the Fed targeting a rate cut and the BoJ beginning to raise rates. Bank of Japan Governor Kazuo Ueda recently reiterated the BOJ's commitment to achieving a neutral rate. What makes the Bank of Japan unique among the other major central banks in the developed world is its longstanding efforts to stimulate inflation rather than curb it. Because the Bank of Japan's discount rates are well below the global average, the Japanese yen has had a tough turnaround in 2024 as the rate differential has widened. Since the natural rate of interest is likely much higher than current BoJ discount rates, BoJ Governor Ueda and company will have to start adjusting rates upward at some point, or they risk sending the Japanese economy into another tailspin. Wednesday will bring the latest Fed meeting minutes down on traders, but the key document this week will be Friday's US Non-Farm Payrolls (NFP) report. As half of the Fed's mandate includes full employment, markets will be watching this week's US employment data with heightened interest. Trade recommendation: Watching the level of 156.00, trading mainly with Sell orders
Short
by Fresh-Forexcast2004
USDJPY InsightHello, subscribers! It's great to see you all. Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe! Key Points: - The Washington Post reported, citing anonymous sources, that Trump’s aides are reviewing a universal tariff plan targeting imports critical to U.S. national and economic security. However, Trump denied the report on Truth Social, criticizing the Washington Post. - Lisa Cook, a Federal Reserve Governor, stated that since September, the U.S. labor market has shown some resilience, but inflation remains stickier than expected. She suggested it would be reasonable to lower interest rates more gradually this year. - The market has begun speculating that Trump might abandon the universal tariff policy in favor of selective tariffs once in office. Key Economic Events This Week: + January 7: Eurozone December Consumer Price Index, U.S. December ISM Non-Manufacturing PMI, U.S. November JOLTS Job Openings + January 8: U.S. December ADP Nonfarm Employment Change, FOMC Meeting Minutes + January 10: U.S. December Nonfarm Payrolls, Unemployment Rate USD/JPY Chart Analysis: The 158 level, which had been acting as a strong resistance zone, has recently been breached. This significantly increases the likelihood of further upward movement for USD/JPY. Based on the current chart, the pair is expected to form a peak in the 161-162 range. If there are no major variables, it is anticipated to retreat to around the 157 level after reaching the peak. If the trend unexpectedly reverses to the downside, we will quickly revise our strategy.
Long
by shawntime_academy