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Japanese Yen Currency IndexJapanese Yen Currency IndexJapanese Yen Currency Index

Japanese Yen Currency Index

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JXY trade ideas

JXY SHORT IDEA After the Open, the price gaped lower trapping net long positions at 81.68. Price is delivered lower and broke a swing low at 81.33. This market structure break illustrates the willingness of the market to go lower potentially reaching a target of 80.70. With entries in the PM Session during the London Close, I expect institutional Selling of JXY at 81.50 as price is delivered lower for smart money entries and failing to give any net long trader long any redemptive exit at break even. Any trader on the wrong side will have to liquidate positions at a loss. Inversely, I expect the weakness in JXY to give strength to GBP for the GBPJPY pair which may seek liquidity higher towards/after New York Close. Asia Session should provide more volatility to squeeze higher and anticipate an impulsive sweep on the highs. Institutional buying seems to be happening as the price is being delivered lower and more long positions are getting added. Observe future J61! next idea
TVC:JXYShort
by Quantum_Labs
JPY index short viewFirst of all, looking at the chart, we see that we have been in the bearish trend since January last year. Second, the JPY index failed to form a new higher high compared to the August 2016 high. By setting the Fibonacci level, we see that the index stopped at 38.2% Fibonacci level. This is a sign of continuing the bearish trend JPY breaks below 84,200, our previous support from December 2016. We are looking for the next target and potential support in the zone of about 80,000 (support zone from 2015). Bank of Japan continues with soft monetary policy Based on this analysis, we can expect a further weakening of the JPY index in the coming months.
TVC:JXYShort
by Aleksin_Aleksandar
2
Successful Trading- Fusion of Fundamental & Technical AnalysisSuccessful Forex trading is fusion of fundamental analysis and technical analysis and a decision based on both. Fundamental analysis is very important part of forex trading. Fundamentals are factors of any economy which have the power to derive the currency and set a new direction. A keen forex trader keep eye on these economic factors, analyze the effects and take timely action to cultivate the fruits. Among the fundamental factors, Lets discuss the interest rates with most recent example: Interest rates is very crucial part of a economic policy of a country. Interest rates have numerous aspects and effects on economy . But to cut things short for forex, as a rule of thumb when a country's central bank increase the interest rate , its considered good for economy/currency and investment start to move from economies bearing lower interest rates to those of higher ones. Its very logical that one buys an asset which give more return and sell which carries lesser. A recent example we can see is FED(USA) and BOE (GBP) hints the increase in internet rates to curb the soaring inflation. Later increase the interest rates and we saw these currencies rising against JPY which has no announcement or hint of rising interest rates. We saw investment fleeing to these currencies and selling of JPY despite Russian-Ukraine conflict. Investors even rejected the JPY as safe heaven amid war circumstances and went for reaping the better returns. We are seeing JPY is making historical lows. You can see monthly chart of JPY index. Now here technical analysis will work. We are seeing the JPX index reaching near the previous consolidation area which may act as support. Price will stay there for a while and likely to rebound. We may see reversal in USDJPY and GBPJPY after some more advancement. Fundamentals and Technical analysis work together to make a sound decision and a successful trading. Wish you a successful trading journey. Comment, like and add anything to my views, Cheers!
TVC:JXYEducation
by decentshaw
2
Will Santa Deliver A Stronger JPY Before Christmas?​The index that measures the strength of the JPY against a basket of other currencies (JXY) is down approximately 9.5% year-to-date. At the time of writing, the index is valued at 87.97, after spending the past month climbing up from its yearly low of 86.60. Not only was 86.60 a yearly low, but also a four and a half year low (last seen in March 2017) for the JXY. Will Santa deliver a stronger JPY before Christmas? Two important economic reports are set to influence the strength of the JPY and subsequently the JXY over this coming week. The first, released on Wednesday, is the Monetary Policy Minutes from the Bank of Japan (BoJ), covering its meeting last week. The board members’ opinions will be noted against the Bank’s decision to rein in some of its pandemic-related spending but remain ultra-accommodative in every other sense. In particular, it will be interesting to see how the board members talk about the possibility of inflation in the country accelerating to 0.4%, which has been forecast. The second important economic report this week, Japan’s Inflation YoY to November, is scheduled to be confirmed just after midday Friday. An inflation rate of 0.4% is hardly likely to set off alarm bells with BoJ officials and instigate a more hawkish position. But some acknowledgement should be necessary. Any deviation from the forecast could relay into some JPY trading opportunities. GBPJPY or USDJPY? The upside to the JPY in relation to the GBP could be a little more potent than against the USD. Case in point, after the Bank of England, surprised (half) the market last week Friday with a rate hike, the GBPJPY has since given up its immediately preceding 1.3% appreciation. The predicted choppy week leading up to Christmas might also provide some motivation to buy into the JPY against the GBP, but unlikely to do so against the USD, as the risk-off environment should spread amongst both these safe havens currencies.
TVC:JXY
by BlackBull_Markets
(Time Wave Analysis) JAPANESE YENHello. Between the first daily downtrend and the second downtrend, the weekly correction occurred twice, and the overall pattern is the monthly correction of the running flat, After the correction is completed, the downward wave is coming down by drawing a new monthly correction trend line. Currently, the sub-time period, a daily downtrend, follows, and when the last daily correction trend line is broken, a weekly correction will occur, A down wave is expected to continue in the direction of the trend again.
TVC:JXY
by TimeWaveTrading
(Time Wave Analysis) JAPANESE YENHello. To spot the trend of a yen pair currency such as USDJPY, it is important to know what the trend is in the Japanese Yen currency index. Yen's overall wave is a continuous trend line with a downward wave yearly correction, which means that the line is completed only after a period of time in years. If the current decline is the last wave of the yearly correction of the downward wave, the point at which the correction is completed will be the new yearly correction trend line of the upward wave, and another upward impulse can be expected. That's when gold is trending up.
TVC:JXY
by TimeWaveTrading