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USDJPY trade ideas

A December to forget for the yenAs the global markets reopen have the New Years' Day, Japanese markets are closed for a holiday. It's a very light economic calendar today, with no Japanese releases and only one US tier event - unemployment claims. In the European session, USD/JPY is currently trading at 157.12, down 0.12% on the day. We can expect a quiet day for the yen. December was absolutely dismal for the yen, which lost which plunged 11% against the US dollar. On Tuesday, the yen dropped to 158.07 per dollar, its lowest level since early July. Investors are nervous that Tokyo could intervene in the currency markets in order to stem the yen's sharp drop. Is the 160 level the red line in the sand for Japanese authorities? Earlier in the week, Japan's Manufacturing PMI was revised to 49.6, up from 49.5 in the initial estimate and above the November reading of 49.0. This marked the sixth straight deceleration in manufacturing activity but was the highest level since September. Manufacturers' sentiment was relatively strong, with optimism for improvement in the semiconductor and auto markets, which have been hit hard over the past several months. The Bank of Japan doesn't typically telegraph its intentions to the market. One reason is the central bank doesn't want to tip its hand to speculators, who are looking to cash in on the yen's sharp swings. The BoJ summary of opinions from the December meeting provide some insights, as the summary indicated that some Bank policymakers are leaning toward a rate hike in the near future. The summary showed that there is a split among the nine-member board over rate policy. The hawkish members argued that conditions are falling into place as inflation is steady and the yen is sliding lower. The doves countered that wage growth is lagging behind inflation. Governor Ueda could be the decisive vote and investors will be following his every word right up to the January 24 meeting. There is resistance at 157.38 and 158.09 USD/JPY tested support at 156.70 earlier. Below, there is support at 155.59
by OANDA
USDJPY SELL | Idea Trading AnalysisUSDJPY is moving to the upper boundary of the ascending channel. The volatility of the movement has decreased. The price has reached the resistance level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short
by TheGrove
3
USD/JPY H4 | Falling to multi-swing-low supportUSD/JPY is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher. Buy entry is at 156.07 which is a multi-swing-low support that aligns with the 23.6% Fibonacci retracement. Stop loss is at 154.30 which is a level that sits under an overlap support and the 38.2% Fibonacci retracement. Take profit is at 158.03 which is a swing-high-resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
USD/JPY - Sell Limit Opportunity After Liquidity GrabUSD/JPY has reached a critical liquidity zone above resistance, setting up a strategic sell limit opportunity. This price action indicates that the market has cleared stop-losses and may be poised for a bearish reversal. Key Observations: Liquidity Grab: Price spiked above a key resistance level, triggering stop-losses and trapping breakout buyers. Market Structure: Early signs of bearish rejection and weakening momentum suggest potential downside movement. Optimal Entry: A sell limit at aligns with the liquidity sweep and anticipated reversal zone. Trade Plan: Entry: Sell limit at , targeting a reversal from the liquidity zone. Stop Loss: Above the recent liquidity sweep to account for market volatility. Take Profit: Targeting support levels around to maximize the risk-reward ratio. Risk Management: This setup leverages the liquidity grab to identify a high-probability trade. Employ strict risk management and ensure proper position sizing. Monitor for confirmation of bearish intent before executing.
Short
by Vusizwe_Capital
Fundamental Market Analysis for January 02, 2025 USDJPYThe USD/JPY exchange rate rose to 157.300 in the early hours of Asian trading on Thursday.Expectations that US interest rates will remain elevated for a long time are boosting the US Dollar (USD) against the Japanese Yen (JPY).Markets in Japan are closed for the rest of the week.On Friday, we will be keeping a close eye on the S&P Global US Manufacturing Activity Index for December. Traders are currently digesting the Federal Reserve's (Fed) decision to cut rates by a quarter point at its December meeting, which was characterised by a hawkish sentiment. Analysts are anticipating that some of Trump's policy proposals, including tariffs, could potentially lead to higher inflation. However, Fed Chairman Jerome Powell has stated that it is too early to predict this, emphasising that the central bank will proceed with caution regarding further rate cuts.The significant difference in interest rates between the US and Japan is likely to provide a favourable tailwind for the pair in the near term. Bank of Japan (BOJ) Governor Kazuo Ueda stated last week that the central bank anticipates the Japanese economy will move closer to achieving its 2% inflation target sustainably this year.The BOJ is scheduled to release its quarterly report on the regional economy next week, which is likely to include an assessment of wage increases across the country. This report may provide insights into the BOJ's subsequent policy decision on 24 January. Meanwhile, verbal intervention by Japanese authorities may help limit the JPY's losses, with Japanese Finance Minister Katsunobu Kato noting on Friday that the official will take appropriate measures against excessive currency fluctuations. Trade recommendation: We follow the level of 157.000, if it is fixed above we consider Buy positions, if it bounces back we consider Sell positions.
by Fresh-Forexcast2004
USD/JPY 4H Timeframe AnalysisUSD/JPY 4H Timeframe Analysis Trend Analysis: The USD/JPY pair is currently in an uptrend, although the price has displayed consolidation and manipulative moves at key levels. Initially, the price broke the minor key resistance at 157.200, indicating bullish strength. However, the price retraced below this level, breaking the minor support at 156.500, before rebounding and breaking the 157.200 resistance again. After spending some time above 157.200, the price accumulated buying orders, forming multiple Doji candles, signaling indecision in the market. Subsequently, the price moved downward, hunting stop-loss orders placed by buyers, and broke the 156.500 support level, forming a double bottom structure. This pattern suggests a potential reversal as it indicates exhaustion in selling pressure and the likelihood of an upward move. The price then reclaimed the 157.200 level, which has been invalidated multiple times but now acts as minor support. Observing the current uptrend, a consolidation near this support level typically signals a pause before a continuation of the bullish momentum. Price Action Expectation: Currently, the price is consolidating near the 157.200 minor support. Our objective is to wait for a short-term liquidity grab below this support level before the price resumes its upward momentum. A confirmed breakout above 157.440 will signal the continuation of the bullish trend. Trade Setup: Trade Type: Buy Stop Entry Price: 157.440 (above the minor key resistance after a breakout) Stop Loss: 156.120 (below the double bottom and liquidity grab zone) Take Profit: 160.200 (next minor resistance level) Fundamental Correlation: The USD/JPY pair’s price movement aligns with upcoming Unemployment Claims data from the United States. The previous forecast was 219K, while the latest forecast is 222K. A higher-than-expected number could weaken the USD slightly, introducing temporary volatility. However, if the results align with or beat expectations, the USD could retain its bullish momentum, supporting the upward move in USD/JPY. Conclusion: The USD/JPY pair shows potential for continued bullish momentum after reclaiming key levels and forming a double bottom. Traders should monitor price action around 157.200 for signs of a liquidity grab and await confirmation of a breakout above 157.440 to initiate buy positions. Pay attention to the upcoming Unemployment Claims release as it may introduce volatility and impact trade execution. Risk Management: Ensure proper position sizing and maintain a favorable risk-to-reward ratio of 1:2 or better. Always adjust trades based on market developments and manage risks prudently.
Long
by RebornFXTrader
USDJPY InsightHello, dear subscribers! It’s great to see you all here. Please feel free to share your personal opinions in the comments. Don’t forget to hit that like button and subscribe! Key Points - Japan’s stock market will be closed from January 1 to January 3 for the New Year holidays. - U.S. Treasury yields are rising due to rebalancing that adjusts the duration of the U.S. Treasury index. This has strengthened the dollar, pushing the U.S. 10-year Treasury yield to the upper 4.5% range. - Market analysts expect the dollar to remain strong in early 2025, driven by several of Trump’s initial policy measures. The Fed is anticipated to resume easing policies in the second half of the year. Major Economic Events + January 2: Japan market holiday, U.S. December Manufacturing PMI + January 3: U.S. December ISM Manufacturing PMI USD/JPY Chart Analysis With the Japanese stock market on holiday and the dollar showing strength, USD/JPY is also on an upward trend. Recently, the pair has consistently tested the 158 level. If USD/JPY successfully breaks above the 158 level, a further rise toward the 160–161 range is expected. However, if the breakout attempt fails, the pair could retreat to around the 154 level. While the overall outlook leans bullish, I will quickly revise my strategy should the market shift to a bearish trend.
Long
by shawntime_academy
USD/JPYUnderstanding where these levels are can help traders make better decisions about entry and exit points. If the price is approaching a strong resistance level, it might be a good opportunity to take profits or short sell, expecting the trend to reverse. Conversely, if the price approaches a support level, it might be a good buying opportunity, anticipating a bounce. Incorporating support and resistance effectively into your trading strategy requires careful analysis of the market conditions, considering other factors like market sentiment, upcoming economic events, and overall trends.
by dominicdrock
USDJPY - It's still far away to take profit, buy and hold it!Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
Long
by QQGuo-Shane
USD JPY signal USD/JPY extends its losses for the third consecutive session on New Year’s Eve, trading around 156.20 during early European hours on Tuesday. However, the Japanese Yen (JPY) is headed for a decline of over 10% in 2024, marking its fourth straight year of weakening against the US Dollar (USD) On the upside, the USD/JPY pair may retest its monthly high of 158.08, reached on December 26. A decisive break above this level could pave the way for further gains, with the pair potentially targeting the ascending channel’s upper boundary near 160.60. Confirm signal USD JPY signal Follow my chart The immediate support lies at the nine-day Exponential Moving Average (EMA) around 156.79, closely aligned with the ascending channel's lower boundary near 156.50.
Long
by JohnHarry_7
USDJPYUSDJPY will continue its bullish pattern on dollar sentiment and correction in the region of broken weekly descending trendline wont be bad for long position in line with directional bias which remains bullish. on the supply roof BOJ( bank of Japan ) monetary policy could turn weekly gains to loss if price approaches the supply zone ,its strategic for Japanese economy to boost export market by lowering yen ,but they usually intervene without notification ,which can change trade dynamics.
by Shavyfxhub
USDJPY USDJPY will continue its bullish pattern on dollar sentiment and correction in the region of broken weekly descending trendline wont be bad for long position in line with directional bias which remains bullish. on the supply roof BOJ( bank of Japan ) monetary policy could turn weekly gains to loss if price approaches the supply zone ,its strategic for Japanese economy to boost export market by lowering yen ,but they usually intervene without notification ,which can change trade dynamics.
by Shavyfxhub
USD/JPY: What's Changing at Year-End?Hello, dear friends! As the year comes to a close, USD/JPY has shown significant movement, reversing course and dropping below the 157.00 mark. This late-year shift comes as market participants prepare for midweek closures and reduced activity around the New Year holiday. Despite lighter trading volumes, price action remains dynamic, signaling potential shifts in the trend. Technically, USD/JPY has failed to maintain its position within the parallel ascending channel, suggesting the emergence of a new trend. A key level to watch now is the immediate support at 156.03. The critical question is whether this support will hold and for how long. Looking at the bigger picture, sustained consolidation below the broken channel could lead to a move toward lower targets, as indicated on the 4-hour chart. If you find this idea insightful, don’t forget to leave your thoughts in the comments below and share it with your network. Your support gives me immense motivation to continue sharing valuable experiences and strategies in the forex market. Let's conquer this journey together!
Short
by Bentradegold