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US Dollar vs Japanese Yen

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USDJPY.P trade ideas

USDJPY: Bears start to counterattackThe Japanese Yen (JPY) held steady against the US Dollar for a second consecutive day on Tuesday, despite doubts about a sustained bullish trend. Overnight comments from Japanese officials raised concerns about possible intervention, while escalating geopolitical tensions in the Middle East boosted JPY’s safe-haven appeal. Additionally, a slight decline in the US Dollar (USD) put further pressure on the USD/JPY However, fading odds of another interest rate hike by the Bank of Japan (BoJ) in 2024 have kept JPY bulls cautious. Meanwhile, investors have scaled back expectations of more aggressive policy easing by the Federal Reserve (Fed). This has helped limit USD losses ahead of Wednesday’s FOMC meeting minutes and upcoming US inflation data on Thursday and Friday.
Short
by Pierce_Bowers
Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that is slightly below the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 147.18 Why we like it: There is a pullback support level. Stop loss: 145.79 Why we like it: There is an overlap level that is slightly above the 50% Fibonacci retracement. Take profit: 149.28 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
USD/JPY Under Pressure Below Resistance at $149.066The USD/JPY chart shows the formation of a key trend with the price fluctuating around $147.712, just below the strong resistance level at $149.066. If this resistance fails to break, USD/JPY may reverse and correct towards key support levels at $146.163 or even deeper at $143.432. The EMA 34 and EMA 89 lines provide stable support, but selling pressure is weighing heavily on the price. A breakout scenario will require strong confirmation from technical factors, while investors should closely monitor key economic news from the U.S., which could cause significant market volatility. At present, technical factors combined with the short-term downtrend could continue to push the price lower unless a strong breakout from buyers occurs.
by Zola_Hello
USDJPY InsightHello, subscribers! Great to have you all here. Please share your personal opinions in the comments, and don’t forget to like and subscribe. Last Friday, the U.S. September Nonfarm Payrolls came in at 254,000, showing a significant increase from the previous month, while the unemployment rate decreased to 4.1%. This has brought attention to the fact that the Fed's “big cut” expectations are being dismissed, and even the possibility of a rate hold is emerging. Geopolitical risks in the Middle East are also drawing buyers to the dollar, as fears continue that Israel could strike Iran’s oil facilities. Meanwhile, after meeting with Bank of Japan Governor Kazuo Ueda, newly elected LDP leader Shigeru Ishiba stated that it is not yet the right time to raise rates, indicating that the environment is not conducive to a rate hike. Ishiba’s dovish stance, which contrasts with expectations of a more hawkish approach, has surprised the market. October 10: Federal Open Market Committee (FOMC) minutes, U.S. September Consumer Price Index (CPI) October 11: U.S. September Producer Price Index (PPI) As expectations for rate cuts in both the U.S. and Japan shift, USD/JPY volatility has increased. The most notable development is the break above the 144–145 resistance zone, which opens up the possibility of testing the 149–152 resistance zone. With the pair now reaching that resistance level, two possible scenarios can be expected: First, a continued rise to the 152 line, followed by resistance and a retreat to the 145 line. Second, resistance at the 149 line, leading to a fall to the 140 line and the formation of a consolidation range. If any unexpected moves occur, I’ll promptly adjust the strategy accordingly.
Short
by shawntime_academy
USD/JPY soars as rate hike hopes chilledThe yen has stabilized after massive losses last week. In the North American session, the USD/JPY is trading at 148.03 at the time of writing, up 0.45%. The yen is coming off a spectacularly bad week with a 4.5% decline. This marked the yen’s worst week since 2020, during the covid pandemic. The sharp decline was driven by the political drama in Japan, which included the election of Shigeru Ishiba as the new prime minister. Ishiba has supported the Bank of Japan tightening policy in the past, but he has taken a U-turn on monetary policy since being elected prime minister. Ishiba may have shifted his stance in order to avoid any divisive issues, such as raising interest rates, ahead of the snap election on October 27. The election will be followed by the next BoJ meeting on October 31, with the BoJ expected to maintain its policy settings. On Wednesday, Ishiba met with BoJ Governor Ueda and said that Japan did not need to raise rates further. In a speech to parliament on Friday, Ishiba pledged to defeat deflation, a message which signaled a continuation of “Abenomics”, which advocates an accommodative policy. The yen slid 1.1% on Friday as expectations for a rate hike have evaporated. Ishiba’s dovish stance and comments by BoJ officials that it the Bank will be extremely cautious before raising rates has dashed expectations for a near-term rate hike and made the Japanese currency less attractive to investors. The US labor market surprised to the upside, as September nonfarm payrolls surged by 254 thousand, up from a revised 159 thousand in August and blowing past the market estimate of 140 thousand. This was the strongest job report in six months. The unemployment rate dipped lower to 4.1%, compared to 4.2% in August and below the market estimate of 4.2%. The markets have raised the odds of a 25-basis point cut at the Fed November meeting to 87%, compared to 65% one week ago. USD/JPY tested support at 147.89 earlier. Below, there is support at 146.78 There is resistance at 149.86 and 150.97
by OANDA
NEW IDEA FOR USDJPYExamining the trend in the one-hour time frame, it seems that USD/JPY has formed a HEAD&SHOULDERS pattern in addition to crossing the bearish Kumo cloud of the Ichimoku indicator, and now there is a possibility that the price will reach the height of the head of the pattern, provided that it holds and Failure to record any four-hour close candle time below the important support interval in the range of 145.95-146.50 can increase the price up to the 2.41% Fibo range at 153.37.
Long
by arongroups
USDJPY OverviewLooking at the USD/JPY chart, we’re currently sitting around a key resistance level marked by a high timeframe Order Block (OB). Price has already tapped into this zone, and from what I can see, this could signal a potential pullback. This area has acted as strong resistance before, and I think we might see a loss of momentum here, leading to a drop. My outlook is that if price respects this OB and fails to break higher, we could start seeing a move down towards the 147.000 region, which is the next significant support. If this scenario plays out, we might have a good opportunity to look for shorts on the way down.
Short
by Astonstevn
USD/JPY "GOPHER" Bank Money Heist Plan on Bullish Side.Hallo! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist USD/JPY "GOPHER" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2H timeframe Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
BULLISH USD DOLLAR OVER JAPENESE YENTechnically, in the first quarter of the year USD/JPY performed quite well pumping from 141.50 to 151.57, and in the second quarter from 151.60 to 160.82 . A few days into the third quarter it reached an all-time high of 161.95 and it experienced a pullback to the 2023 low of 140.23. My technical projections indicate a BULLISH trend for the rest of the quarter. Disclaimer: Trading Ideas and Analysis The information provided here is for educational and informational purposes only and should not be construed as investment or trading advice. The trading ideas and strategies shared are based on our personal opinions and analysis and are not intended to be a recommendation to buy, sell, or hold any financial instrument. Trading and investing involve significant financial risk and you should always conduct your own research, seek professional advice, and ensure that you fully understand the risks involved before making any trading decisions. Past performance is not indicative of future results. We will not be held responsible for any loss or damage, including without limitation, any loss of profit, that may arise directly or indirectly from reliance on such information.
Long
by OntiretseMosiakgabo