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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

USDJPY Trading Symbol: USDJPY Timeframe: 15 minutes (15m) Overall Review: The USDJPY chart on the 15-minute timeframe indicates that the price is in a downtrend. The price appears to be consolidating near the support level. Key Points: Resistance Levels: The main resistance is around 147.624. This level acts as a ceiling, and the price may decrease if it encounters this area. The next resistance is around 148.000, which is a significant psychological level. Support Levels: The primary support is around 147.000. This level acts as a floor, and the price may increase if it reaches this area. The next support is seen around 146.500, which could be the next target for sellers if the previous support is broken. Possible Scenarios: Bearish Scenario: If the price fails to break through the resistance level of 147.624 and decreases after encountering this area, there is a possibility that the downtrend will continue to the support level of 147.000. Traders can consider selling near the resistance and after receiving confirmation, while practicing risk management. Bullish Scenario: If the price can break through the resistance level of 147.624 and consolidate, there is a possibility of the price increasing to the 148.000 level. Traders can consider buying after the resistance is broken and a pullback occurs, while practicing risk management. Recommendations: Always practice risk management and use stop-loss orders. Before entering a trade, review fundamental factors and news related to USDJPY. Keep in mind that the forex market is very volatile, and analyses may change in the short term. Note: This analysis is just a perspective and should not be considered financial advice. Always do your own analysis and consult with a financial advisor before making trades.
Long
by yghadamgahi
USDJPY → Readiness to break the daily support levelFX:USDJPY is testing strong key support at 148.64 for a breakdown. A falling dollar could affect further movement The falling dollar is supporting the Japanese Yen, thus we may see the currency pair falling. The price is trying to break the support of the daily level. A pre-breakdown consolidation of 150.3 - 148.64 is formed relative to this support. The last retest of the level ended with a small false breakdown, indicating that there is no one to defend the support anymore, there was no reaction except for another local consolidation, the purpose of which is to accumulate the potential to break the support. Resistance levels: 150.3, 150.95 Support levels: 148.64, 147.17 The focus is on the level of 148.64 concerning which the market is struggling. The bulls have little chance to hold this level, as the dollar's fall exerts quite a lot of pressure. The breakdown and fixing of the price below 148.64 may provoke a fall to 147 - 144. Regards R. Linda!
Short
by RLinda
3
Dollar-yen’s downtrend continues below ¥148The yen has generally continued to perform well in recent days as participants continue to focus on probable further tightening by the Bank of Japan this year as the outlook for rates in the USA has become somewhat more dovish. Although unemployment rose slightly in Japan to 2.5% last month, the job market there is overall quite strong while Japanese annual headline inflation reached a high of more than two years at 4%. Dollar-yen’s downtrend had seemed quite mature last week but now momentum has returned, pushing the price below support from the 38.2% weekly Fibonacci retracement. Although there’s no oversold signal from either the slow stochastic or Bollinger Bands at the time of writing, the former remains very close to the zone of selling saturation. Volume meanwhile has increased significantly in recent days, which might suggest larger intraday movements. The next obvious strong support is the area of the 50% weekly Fibonacci retracement around ¥144.30. That would be quite an aggressive target, so it’d probably take the price a while to reach there if the downtrend continues. Continuation lower might be confirmed by two consecutive closes below ¥148. ¥151 is a possible short-term resistance based on behaviour earlier in the week. The upcoming NFP might complicate the current technical picture, especially if the result is at all surprising. Other things being equal, a better NFP suggests higher inflation also, and the opposite is also often true, so if there’s a surprise either way traders might start to price in expectations for next week’s CPI more firmly. This is my personal opinion, not the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
USDJPY Wave Analysis – 6 March 2025 - USDJPY under bearish pressure - Likely to fall to support level 146.00 USDJPY currency pair is under bearish pressure after the earlier breakout of the support zone between the support level 148.60 (the former monthly low from December) and the 50% Fibonacci correction of the upward impulse from September. The breakout of this support zone accelerated the C-wave of the active ABC correction (2) from the start of January. Given the strongly bullish yen sentiment seen today, USDJPY currency pair can be expected to fall to the next support level 146.00, the target for the completion of the active ABC correction (2).
Short
by FxProGlobal
USD/JPY – Precision Short Trade Breakdown🔥 Executed a precise short trade on USD/JPY this morning, aligning with institutional order flow and Prime Market Terminal insights. Here’s the full breakdown of how this setup played out! 🔍 Trade Setup & Analysis: 📌 Entry: 149.300 – Price rejected a key supply zone & Fibonacci retracement level. 📌 Stop Loss: 149.558 – Above key liquidity & invalidation area. 📌 Take Profit: 148.504 (first TP), 148.213 (final target). 📌 Risk-Reward Ratio: 1:3 📊 Prime Market Terminal Insights That Confirmed This Trade: 🔻 Institutional Positioning & Market Flow: ✔ Smart Money Report: Large institutions were heavily net short USD/JPY, with leveraged funds reducing their long exposure. Dealer intermediaries (banks and liquidity providers) also added more short positions, indicating further downside momentum. ✔ COT (Commitment of Traders) Data: Open interest showed a significant drop in long positions, suggesting weakness in USD/JPY. Hedge funds and asset managers increasing short exposure aligned with my bearish bias. ✔ DMX Open Interest: 66% of institutional traders were short on USD/JPY, confirming my sell-side setup. Short positioning had increased by 34% in the last session, reinforcing my downside expectation. 🔻 Volatility & Liquidity Insights: ✔ Average True Range (ATR) Analysis: ATR showed a high probability of an extended move, suggesting the potential for price to hit my targets. Recent daily ranges indicated USD/JPY had room to move another 100+ pips to the downside. ✔ Session Range & Market Structure: Liquidity grab above 149.300 supply zone, followed by strong rejection and sell-off. Previous session lows were swept, indicating smart money targeting deeper liquidity. Institutional orders clustered around 148.200, suggesting a likely downside target. 🔻 High-Impact News That Influenced USD/JPY: 📢 Japanese Unemployment Rate (Actual: 2.5% | Forecast: 2.5%) → No surprise, minimal impact. 📉 Business Capex (MOF YY) (-0.2% vs. 8.1% previous) → Indicated economic slowdown, weakening JPY demand. 📰 U.S. Economic Data Later Today: Redbook YY (USD) expected at 6.2% – could impact USD sentiment. Fed’s Williams speech on monetary policy could affect USD volatility, reinforcing our bias. 🎯 Trade Execution & Outcome: ✅ TP HIT! Price dropped as expected, hitting both targets with precision. 🚀 Perfect confluence of: ✅ Smart money selling pressure ✅ Liquidity sweep & supply zone rejection ✅ High-probability move from ATR analysis 📸 Prime Market Terminal Screenshots Included: 📊 DMX Open Interest → Confirmed institutions were net short. 📊 COT Data → Showed decline in long positions. 📊 ATR & Volatility Charts → Supported extended downside movement. 📊 Session Ranges & Market Structure → Confirmed liquidity grab & supply zone rejection. 🔑 Key Takeaways from This Trade: ✔ Trade with institutional momentum – Always check positioning before entering! ✔ Multiple confirmations = High probability setups – Don’t rely on a single indicator. ✔ Liquidity is key – Smart money moves price to hunt liquidity, trade accordingly. ✔ Fundamentals matter – Weak JPY capex data helped push price lower. 💬 What’s your view on USD/JPY? Will we see further downside? Drop your thoughts below! 📊 Follow for more trade setups, market analysis & strategy breakdowns!
Short
by LDForex_
Yen Steady Near 149 as BOJ Hints at Possible Rate HikesThe yen held near 149 per dollar, its strongest in five months, benefiting from a weaker dollar amid a stronger euro and Trump’s tariffs. While Trump eased tariffs for some automakers, retaliatory measures pressured the dollar. BOJ Deputy Governor Uchida signaled potential rate hikes if economic forecasts hold, noting financial conditions remain loose with minimal JGB reductions. Key resistance is at 152.00, with further levels at 154.90 and 156.00. Support stands at 148.60, followed by 147.10 and 145.80.
by ChartMage
USD JPY TECHENICAL TRADE 📉 USDJPY Breaks Downtrend Structure 📈 Monday started unexpectedly for traders with Trump's actions, which shook localized situations not only in the forex market… The imposition of tariffs, another batch of statements about the Eurozone, BRICS, and also this: "Trump said that the Fed made the right decision last week to suspend rate cuts" produced a corresponding reaction in the market. 🔥 On the back of inflation expectations, the dollar is accelerating its growth, thus provoking a rally in USDJPY. 🔍 Technical Outlook 📌 Resistance Levels: 155.95, 156.6 📌 Support Levels: 155.0, 153.6 ⚡ The price is trying to consolidate in the buying zone, but the resistance at 155.95 is holding the price back from active strengthening. 📊 Breakdown and consolidation above this area may provoke growth to the trend resistance
Long
by ExpertTrader041
USD/JPY Trend Today - Further Downward?🔔🔔🔔 USD/JPY news: 👉The USD/JPY pair continues its downward trend for the second consecutive day, edging closer to the multi-month low reached last week following Trump's warning to Japan about the weak yen. Additionally, rising expectations of further interest rate hikes by the Bank of Japan (BoJ) and a broader risk-off sentiment are bolstering demand for the safe-haven JPY. 👉Market consensus is strengthening around the likelihood of the BoJ tightening its monetary policy further, supporting elevated Japanese government bond (JGB) yields and reinforcing the yen’s strength. 👉As Tuesday’s Asian session begins, USD/JPY remains steady after Monday’s 0.74% decline. Weak US economic data, along with the imposition of tariffs on Mexico, Canada, and China starting March 4, keep the US dollar under pressure against most G7 currencies. The pair is currently trading at 148.85. Personal opinion: 👉Momentum is still tilted to the downside, as described by RSI (2H) about to enter the overbought zone. Be careful with this because there may be a reversal to the upside, before continuing the downtrend. So watch the price well to enter a Sell order Analysis: 👉Based on important resistance - support levels combined with trend lines and SMA to come up with a suitable strategy. Plan: 🔆 Price Zone Setup: 👉Buy USD/JPY 149.85 – 150.00 ❌SL: 150.5 | ✅TP: 149.30 – 148.70 – 1.47.50 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
USD/JPY Technical Analysis – March 6, 2025 Market Structure & Price Action USD/JPY is currently trading at 149.182, showing a weak bullish reaction but still respecting the broader descending trendline resistance. The pair has been following a well-defined bearish channel, making lower highs and lower lows. Key Observations: 📉 Trendline Rejection: The price has tested the descending trendline and faced rejection, indicating sustained bearish pressure. 📊 Double Top Formation: A potential double top near 149.500 further supports a bearish outlook. 🔵 Support Zone at 148.900 - 149.000: This level has acted as strong demand previously. However, repeated retests weaken its reliability. 📌 Break and Retest Setup: If the price breaks below the support, a continuation to 148.000 and possibly 146.500 is likely. Bearish Scenario: A confirmed breakdown below 148.900 could trigger a sharper decline toward the 147.500 - 146.500 range, as highlighted in the projected move. A failure to hold above the descending trendline signals strong selling momentum. Bullish Scenario: If buyers defend 148.900 support, the price could retest 149.500 or even attempt a breakout towards 150.000. However, the overall trend remains bearish, favoring further downside. Conclusion: Bias: Bearish 📉 Key Levels to Watch: ✅ Resistance: 149.500 – 150.000 ✅ Support: 148.900 – 147.500 A break below the support zone could accelerate selling pressure, aligning with the downtrend structure.
Short
by MangoMan4
Jpy Crossroads for 2025USD/JPY enters 2025 at a crossroads. Rising US yields, hawkish Fed pivot, and expansionary fiscal policies could fuel more dollar strength, but BoJ moves and carry trade vulnerabilities may keep yen downside in check. The year ahead promises to be an eventful one.In 2025. Many financial institutions expect the yen to gradually appreciate towards the end of the year. Technically, it seems we already finished wave 3, and we are about to begin wave 4. We can with that escenario visit the support area again.
by TRADINGACPVIP
1
USD/JPY H1 Analysis: Key Levels and Market TrendsThe USD/JPY pair has shown significant movements in the H1 timeframe, with key levels to watch for potential trading opportunities. Recently, the pair tested the 148.720 level, indicating a possible support zone. Resistance is observed near the 151.135 level, which could act as a barrier for upward movements. Key levels to monitor: Support: 145.720, 145.235 Resistance: 151.135, 150.650 The market has been volatile, with notable price swings between 15 Feb 2015 and 5 Mar 2015. Traders should keep an eye on these levels for potential breakouts or reversals. The recent price action suggests a consolidation phase, which could lead to a decisive move in either direction. #Forex #USDJPY #TradingAnalysis #MarketTrends #SupportResistance #TradingStrategies #ForexSignals #PriceAction
Short
by IRGELD