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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

USDJPY: Channel Up extending its 2nd bullish wave.USDJPY continues to trade on an highly bullish 1D technical outlook (RSI = 66.571, MACD = 1.090, ADX = 47.294) as today made a new high inside the 4 month Channel Up. It is on its 2nd bullish wave and it has started its 2nd stage, as it crossed above the 0.382 Fibonacci level, much like the previous bullish wave on October 21st. Aim for the 0 Fib near the top of the Channel (TP = 164.000) ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USD/JPY: Continuation Pattern in Focus?The USD/JPY pair is currently in a significant uptrend on the daily chart, characterised by a series of rising highs and lows. Following a marked upward movement, the price has entered a consolidation phase, indicating a temporary pause before potentially resuming its directional trajectory. This sideways movement is often interpreted as preparation for a breakout, presenting an intriguing opportunity for attentive investors. Possible Buy Scenario Should the price manage to breach the resistance within the current consolidation range, approximately at the 158.00 level, it could signal a resumption of the uptrend in the coming days. A daily close above this resistance would strongly indicate a continuation of the upward momentum, with a target set around the 161.75 region (approximately 350 pips). This target marks the next significant resistance zone on the chart and represents the highest price observed in recent years, largely attributed to the Bank of Japan's decision to maintain very low interest rates, leading to a considerable depreciation of the Yen. In this scenario, an effective risk management strategy could involve placing a stop loss just below the low of the consolidation range, around 155.80 (approximately 250 pips), to protect against potential false breakouts. Alternative Sell Scenario Conversely, if the price fails to break through the resistance and instead falls below the consolidation level at 155.80, this could signal a possible reversal or a deeper correction. Under these circumstances, the USD/JPY might seek lower support, such as the 151.50 region, which aligns with a previous support zone on the chart. This scenario would indicate a shift in market behaviour, potentially influenced by macroeconomic events or fundamental data that could impact risk appetite. In summary Investors should closely monitor macroeconomic developments, including US employment data, speeches from Federal Reserve officials, and geopolitical events, as these can introduce volatility into the pair. Paying attention to price behaviour within the consolidation range will be crucial in determining which of the outlined scenarios is most likely to materialise. Disclaimer 74.2% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK.
Long
by Marketscom
Dollar vs. Yen - Long Term Swing Trading Idea - 08-th Jan 25'USDJPY from 20-th Dec' 2024 to 6-th Jan 2025 created A-B-C-D-E formation which is 4-th wave. Then from 156.25 area till 158.55 created 5 waves and finished the trend. Our expectations for the next few days are the price to retrace at least 250 pips till zone of 156.00 and there will find support. Long term idea is to reach 153.00 level in period of one month. EURUSD is at weakest and creating a swing low at levels over 1.0250-1.0300. If EURUSD bounce back to 1.0600 that will confirm the USDJPY trading idea for weaker dollar in next few weeks. Trading idea parameters are as follows. Entry: 158.50 Stop 159.50 Target 153.20
Short
by TradingTie
4
USD/JPY Poised for a Breather Before Resuming Its AscentUSD/JPY: A Strategic Pause Before the Next Bullish Wave The USD/JPY currency pair is taking a breather, consolidating after a period of robust growth. This pause comes as a natural result of market dynamics, offering traders an opportunity to reflect on the underlying forces shaping the pair’s trajectory. The strengthening U.S. dollar, supported by a resilient economy and relatively hawkish monetary policy, contrasts sharply with the dovish stance of the Bank of Japan (BoJ). This divergence in central bank approaches creates a fertile environment for medium-term bullish potential in the USD/JPY pair. Over the past year, the currency pair has experienced a rollercoaster ride. A sharp decline in 2022 was fueled by aggressive rate cuts in the United States, a slight tightening move by the BoJ, and interventionist measures from Japan’s central bank aimed at stabilizing the yen. However, these interventions proved largely ineffective in altering the broader trend. The USD/JPY pair eventually reversed its course, erasing nearly all of its losses and climbing back toward the significant 162.0 level—a testament to the enduring strength of the dollar and the yen's continued weakness. Currently, the market is in a consolidation phase, with clear boundaries and well-defined levels emerging over the past several weeks. This phase serves as a critical juncture for traders, as it provides strong technical levels to guide trading strategies. Key Levels to Watch Resistance Level: 158.1 Support Levels: 156.74, 155.88 The primary trigger for a bullish continuation lies at the resistance level of 158.1. A decisive breakout above this level, accompanied by sustained price consolidation, would signal the market's readiness to push higher, potentially targeting all-time highs (ATH). However, traders should also prepare for the possibility of a temporary correction. Should the resistance hold, the currency pair may retrace toward the lower boundaries of the consolidation zone before resuming its upward momentum. Fundamental Context Driving USD/JPY The current landscape is shaped by stark differences in monetary policy between the U.S. Federal Reserve and the BoJ. While the Fed has maintained a relatively hawkish stance, keeping rates elevated to combat inflation, the BoJ has stuck to its ultra-loose monetary policy framework. Japan’s central bank continues to cap bond yields and resist significant tightening measures, prioritizing economic stability over currency strength. This divergence has amplified the appeal of the U.S. dollar against the yen, drawing capital flows into dollar-denominated assets and sustaining the bullish narrative for USD/JPY. Moreover, the broader macroeconomic environment supports the dollar's dominance. With robust labor market data, resilient GDP growth, and moderating inflation in the United States, the greenback remains a safe haven for investors navigating global uncertainties. In contrast, Japan's economy faces structural challenges, including stagnant wage growth and subdued consumer spending, further limiting the yen's recovery potential. Technical Outlook: Preparing for the Next Move From a technical perspective, the current consolidation is a healthy phase that sets the stage for the next significant move. Traders should closely monitor price action around the resistance at 158.1. A breakout above this level would open the door for an extended rally, with the psychological 162.0 level and beyond serving as potential targets. Conversely, failure to break resistance could lead to a retracement toward the support levels at 156.74 and 155.88. Such a pullback would not invalidate the bullish outlook but would instead offer a better entry point for those looking to capitalize on the broader upward trend. Trading Strategy For traders, patience and precision are key in navigating this phase. Those with a bullish bias should wait for confirmation of a breakout above 158.1, accompanied by increased volume and sustained consolidation. Meanwhile, a pullback to support levels could present an opportunity for value-based entries, provided the broader trend remains intact. Risk management remains paramount, as false breakouts and unexpected market shifts can occur in such volatile conditions. Conclusion The USD/JPY pair is at a crossroads, with consolidation serving as the calm before the next storm. The interplay between a strong dollar and a dovish BoJ creates a compelling case for further upside, but traders must remain vigilant and adaptable. Whether the pair breaks resistance or retraces to support, the medium-term outlook remains bullish, underpinned by both technical and fundamental factors. Stay prepared and disciplined, as the next leg of the journey toward new highs could be just around the corner.
Long
by lonelyPlayer0
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
USDJAPY Upwards Understanding trading strategies and effective risk management is crucial for success in the financial markets. For example, in the case of USD/JPY trading, the buy point is set at 158.20, with take-profit levels at 158.70, 159.50, and 160.80. These levels represent potential targets where traders may exit positions to secure profits. At the same time, a stop-loss point at 157.00 acts as a safeguard to limit losses in case the market moves unfavorably. Such measures are essential because trading involves inherent risks, and no strategy guarantees success. To navigate the markets effectively, traders must continuously learn and adapt, updating their knowledge and refining their strategies based on market changes and trends. Diversifying investments is another critical step to mitigate risks. For instance, relying on multiple instruments or markets reduces the potential impact of a single adverse movement. Additionally, tools like stop-loss orders provide an automated way to protect capital by exiting trades when a predetermined loss limit is reached. This approach aligns with the principle of never risking more than you can afford to lose. Successful trading requires discipline, patience, and an analytical mindset. By setting realistic goals and adhering to a structured plan, traders can make informed decisions and adapt to evolving conditions. Risk management is the foundation of long-term success, allowing traders to weather losses while capitalizing on profitable opportunities. Above all, consistency and a willingness to learn from both successes and failures are key to achieving growth and resilience in the financial markets.
Long
by EXPERT117Ai
1
USD/JPY: Strategic Insights for Navigating Market Trends👋 Hello everyone! I’m Skeptic , and this is my second analysis. Today, I will be analyzing the USD/JPY pair. In the daily timeframe, we can clearly see the strength of its bullish trend. If you’re interested in the conditions, risks, scenarios, and triggers I’ll discuss, I appreciate you staying with me until the end of the analysis. Analysis Let’s start with the major trend of USD/JPY. In the previous corrective leg, the price retraced up to 50% of the Fibonacci level. However, in the current corrective leg, it has only retraced to 23%, which may indicate the strength of the trend. 📈 Trend Analysis: The daily chart shows that during the previous bullish trend’s correction, the price experienced significant declines. In the current corrective phase, the price has been moving sideways and even in the direction of the trend. Corrections in the direction of the trend are excellent indicators of trend strength and are often applicable in trading strategies. We can also observe a similar analysis using the RSI indicator. It’s worth noting that the daily support level at 156.226 has held well, stabilizing the price above it. If this support level is broken, we could anticipate a bearish scenario for the pair. ⚠️ Trigger Analysis Now, let’s move to the four-hour timeframe for our main trigger. Four-Hour Chart: We are witnessing a false breakout, and the price is still attempting to break through the resistance level at 158.070. For a long position, we should wait for a confirmed breakout and stabilization above this resistance level. 🚀 Given the strong bullish trend, we can expect significant upward movement. However, it’s crucial to manage risk effectively for each position. Risk Management: Maintaining proper capital management is vital for survival in financial markets. If your maximum risk per position is 0.5%, you can fully risk that amount. If you observe signs of trend weakness, negative economic news, or any other factors that might increase your risk, adjust your risk percentage accordingly. 💡 Thank you for staying with me until the end of this analysis! ❤ Your support motivates me to provide more daily insights, allowing us to grow together in our trading journeys. If you have any questions or topics you’d like me to cover in future analyses, feel free to reach out. Let’s continue to learn and succeed together!✨
Long
by SkepticWise
1
Buy Opportunity For USD/JPY with FundamentalsThe chart shows a potential buy opportunity for USD/JPY at key horizontal support (157.40–157.50). A short-term buy is valid with targets near 157.80–158.00. If the price breaks and holds above the upper trendline, it could signal a continuation of the bullish trend, justifying additional buy positions targeting higher levels. Stop-loss should be placed below 157.20. Fundamental Analysis: USD Factors: Federal Reserve Policy: The Fed’s commitment to high-interest rates and its "higher for longer" stance supports the dollar. Any stronger-than-expected U.S. economic data (e.g., Non-Farm Payrolls, CPI) may reinforce bullish momentum in USD/JPY. Risk Sentiment: A risk-on environment often strengthens the USD against the JPY, as the yen is considered a safe-haven currency. JPY Factors: Bank of Japan (BOJ): The BOJ’s dovish stance, with ultra-loose monetary policy, weakens the yen. Any unexpected policy shift toward tightening (e.g., changes in yield curve control) could weigh on this buy scenario. Intervention Risks: Japanese authorities may intervene if the yen weakens excessively, creating downside risks for USD/JPY. Market Sentiment: Global risk appetite and equity market performance will also influence this pair. A continuation of risk-on sentiment could support further USD/JPY upside. Recommendation: Short-Term Buy: Targets 157.80–158.00 within the range. Breakout Buy: Scale into additional positions if price breaks and holds above the upper trendline, targeting higher levels. Monitor key fundamentals like U.S. economic data and BOJ announcements to adjust strategy accordingly.
Long
by DreamsForx
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
#USDJPY 2HUSDJPY (2H Timeframe) Analysis Market Structure: The price is trading within a channel pattern, respecting both support and resistance levels. Currently, it is near the upper boundary of the channel, indicating possible resistance. Forecast: Wait for a retest of the channel resistance before considering a sell position, as confirmation is required to validate a potential move downward. Key Levels to Watch: Entry Zone: After a retest and rejection from the upper boundary of the channel. Risk Management: Stop Loss: Placed above the channel resistance or recent swing high. Take Profit: Target the midline or lower boundary of the channel for potential downside movement. Market Sentiment: The setup suggests a cautious bearish bias, but confirmation signals are needed before executing a trade.
Short
by PIPSFIGHTER