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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

USDJPY My Opinion! BUY! My dear friends, Please, find my technical outlook for USDJPY below: The price is coiling around a solid key level - 147.21 Bias -Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 148.63 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Yen's Rise and the Risk of Currency VolatilityThe Japanese yen strengthened to 147 per dollar on Tuesday, its highest in five months, as US recession fears drove investors to long-term trusted assets. Trump's reluctance to dismiss recession risks, along with trade policy uncertainty, added to yen demand. Japan's economic outlook weakened as Q4 GDP growth was revised down to 2.2% from 2.8%, reflecting weak private consumption. Despite this, the BOJ is expected to keep rates steady in March, with potential hikes later. Finance Minister Shunichi Kato cautioned against excessive currency volatility amid the yen’s rapid gains. Key resistance is at 149.20, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
by ChartMage
USDJPY Falling wedge potential USD/JPY – Daily Chart Analysis (March 12, 2025) Market Structure & Key Levels: Current Price: 148.358 The pair is in a downtrend, forming lower highs and lower lows after breaking a key ascending trendline. Key Resistance: 149.252 (previous support, now acting as resistance). Key Support: 140.000 – 142.000 zone (highlighted in purple, strong demand area). Possible Scenarios: Bullish Scenario: A break back above 149.252 could signal trend reversal, potentially pushing USD/JPY toward 152-155 levels. Confirmation would come from higher volume and RSI breaking above 50. Bearish Scenario: If the price fails to break 149.252, further downside is likely. A break below 148.000 could accelerate the decline toward 140.000 support zone. RSI & Momentum Analysis: RSI (14) is at 35.77, indicating bearish momentum but nearing oversold conditions. RSI divergence is not visible yet, meaning the downtrend still has momentum unless buyers step in. Key Takeaway: Bearish Bias unless 149.252 is reclaimed. Key support to watch: 140.000 – 142.000 zone. Trade Idea: Sell below 148.000 → Target 142.000. Buy above 149.252 → Target 152.000+.
by Forexbeats
Fundamental Market Analysis for March 12, 2025 USDJPYThe Japanese yen (JPY) continued to lose ground against its US counterpart for the second day in a row and moved away from the highest level since October, reached the previous day. Fears that US President Donald Trump may impose new tariffs against Japan have proved to be key factors undermining the safe-haven yen. Nevertheless, a significant Yen depreciation still seems unlikely amid hawkish expectations from the Bank of Japan (BoJ). Data released today showed that Japan's annual wholesale inflation, the Producer Price Index (PPI), rose by 4.0% in February, indicating that inflationary pressures are intensifying. In addition, hopes that the sharp wage increases seen last year will continue into this year support the market's growing confidence that the Bank of Japan will raise interest rates further. This, should serve as a tailwind for the low-yielding yen and help limit losses. In addition, lingering concerns over the possible economic consequences of Trump's trade policies and a global trade war should support the JPY. The US Dollar (USD), on the other hand, is near multi-month lows amid expectations that a tariff-induced slowdown in the US economy will force the Federal Reserve (Fed) to cut borrowing costs several times this year. This should help limit the USD/JPY pair's rise. Trade recommendation: SELL 148.35, SL 148.95, TP 147.35
Short
by Fresh-Forexcast2004
USD/JPY - 1H Chart Analysis📊 USD/JPY - 1H Chart Analysis 🔹 Current Price: 148.242 🔹 Market Structure: Testing a key resistance/supply zone 📍 Key Levels to Watch: 🔻 Resistance Zone (Sell Area): 148.083 - 148.236 🟢 Support Zone (Buy Area): 146.797 📈 Bullish Scenario: ✅ If USD/JPY breaks and holds above 148.236, it may rally towards 149.247 as the next target. 📉 Bearish Scenario: 🔻 A rejection at the 148.083 - 148.236 zone could send the price back down towards 146.797. 💡 Trading Plan: 🎯 Buy Setup: Break & retest of 148.236 for continuation toward 149.247. 🎯 Sell Setup: Rejection at the supply zone for a short trade targeting 146.797. 🎯 Risk Management: Stop-loss above resistance for shorts, below support for longs. #FXFOREVER #USDJPY #ForexTrading #TechnicalAnalysis
by FXFOREVER_87
USDJPY H1 – Approaching Head & Shoulders Neckline Breakout USDJPY is currently testing a key resistance level at the Neckline of a Head and Shoulders pattern on the H1 timeframe. This level has acted as a strong barrier in recent sessions, and a confirmed breakout could indicate a shift in market structure, leading to a bullish continuation. The price has retraced to key Fibonacci levels, showing potential for an impulsive move if buyers gain control. A successful breakout could align with Wave 3, a high-momentum phase in Elliott Wave Theory, pushing the price toward the 161.8% Fibonacci extension at 149.50. Trade Plan - Breakout Confirmation: Looking for price to close above the neckline with strong momentum before considering entry. - Target: Fibonacci 161.8% (149.50), aligning with potential Wave 3 expansion. - Stop Loss: Placed at 147.60 (Pocket Pivot) to manage risk effectively. - Risk-Reward Ratio: Minimum 3X, ensuring a favorable reward-to-risk setup. Key Factors to Watch - Rejection vs. Breakout: If the price fails to break above the neckline, it may lead to a rejection and a short-term pullback. - Volume Confirmation: A breakout with high volume would add further conviction to the trade idea. - Market Sentiment: Keep an eye on macroeconomic factors and USD strength, which could influence price action. Disclaimer This analysis is for educational and informational purposes only. It is not financial advice. Please conduct your own research and manage risk accordingly.
Long
by Tanakorn_Koomrampai_CMT_CFTe
I'm buying USDJPYMy initial entry was early. Now, I've all the confirmations I need with yen index making lower lows. We rode the trend down, i think it is now time to ride it up. I would love to have traded GJ but due to the weakness of dollar, i couldnt find a good entry on time. Now to UJ I'm looking to add new positions at 147.6 if the market offers You can go to lower time frame and scout for better entry but I think the market is ready to rise. Your stops will be better protected if at 147 but I dont think the market should romance with the downside any further
Long
by UGBOR
1
Japan's GDP revised downwards, yen swingsThe Japanese yen is showing movement in both directions today.  In the North American session, USD/JPY is trading at 147.37, down 0.03% on the day. Japan's GDP expanded 2.2% y/y in the fourth quarter of 2024, lower than the initial estimate of 2.8%. The revision was expected to stay largely unchanged but was pushed lower due to a decrease in inventories and consumption. The GDP downward revision follows other soft data which points to weakness in Japan's economy.  Household spending slumped 4.5% m/m in January.  This was a sharp reversal from the 2.3% gain in December and missed the  estimate of -1.9%.  Annualized, household spending rose 0.8%, below the 2.7% in December and the market estimate of 3.6%.  On Monday, the wage growth report indicated that real wages declined by 1.8% in January, after two months of growth. How will the Bank of Japan react to the string of weak data? The annual wage negotiations are close to the end and the BoJ has urged companies and workers to reach a deal that significantly raises wages.  This would boost growth and consumption and help keep inflation sustainable at the BoJ's 2% target. The unions are asking for an average wage hike of 6%, up from 5.85% last year and the highest in more than 20 years.  Last year's wage agreement led to the BoJ raising rates for the first time since 2007 and this year's wage deal could pave the way for another rate hike.  The BoJ holds its next meeting on Mar. 19, five days after the wage settlement will be announced.  The BoJ isn't expected to make a move next week but investors are circling April or May as potential rate-hike meetings. There is resistance at 147.30 and 147.97 146.59 and 145.92 are the next support levels
by OANDA
Usdjpy play on risk aversion?Accordio to David Scutt, Market analyst, over the past 20 days, USD/JPY has logged correlation coefficients with yield spreads between U.S. and Japanese bonds—ranging from two to 10-year maturities—of between 0.76 and 0.82. While that’s similar to earlier this year, what stands out now is that it’s not just rate differentials USD/JPY has been closely tracking. Its correlation with market pricing for Fed rate cuts this year has strengthened to 0.82 over the same period. Scutt saids that, combined with stronger relationships with riskier asset classes—such as Nasdaq 100 futures—and measures of expected market volatility like VIX futures, this suggests USD/JPY has increasingly become a play on risk aversion over the past month, coinciding with softening U.S. economic data and wobbles in U.S. stocks. Technically, Jpy is still at bearish trend, were wed can soon begin a contracting triangle ( according to relativity Elliot theory) finish wave 5, and then begin a deep correction.
Short
by TRADINGACPVIP
USDJPY Counter Trend Opportunities - Fxdollars - {11/03/2025}Educational Analysis says USDJPY may give countertrend opportunities from this range, according to my technical. Broker - FXCM So my analysis is based on a top-down approach from weekly to trend range to internal trend range. The weekly trend range is long up to 170.000 Trading Range Approach is a long counter trend opportunity or pushback up to 155.000 The internal Trend Range Approach is a Long counter trend opportunity or pushback up to 150.000 or continue going down with an internal trading range or trading range up to 135.000 Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this turned out. DISCLAIMER:- This is not an entry signal. THIS IS ONLY EDUCATIONAL PURPOSE ANALYSIS. I have no concerns with your profit and loss from this analysis. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars .
by VishalBudhrani