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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

USD/JPY begins to unravelUSD/JPY has fallen nearly -2% in two days, and the required central bank divergence between the Fed and BOJ appears to be returning, which could see prices much lower from here. Prices are close to reaching my bearish target at the monthly pivot point (154.60) outlined in yesterday's video, and prices are less than a day's trading-range away from it. Perhaps it can tag that key level today. However, with a bullish RSI (2) divergence on the daily chart, and the 50-day SMA nearby, bears may want to remain nimble. Still, if we see a bounce from the monthly pivot, bears could seek to fade into minor rallies within Thursday's range in anticipation of a move down towards the 1534 handle. Matt Simpson, Market Analyst at City Index and Forex.com
Short
by CityIndex
Every reason traders can’t ignore the yen this week The Bank of Japan (BoJ) will hold its first policy meeting of the year next week, with markets pricing in a 90% likelihood of a rate hike on January 24. Last year, BoJ rate hikes contributed to the Yen carry trade unwind in early August, coinciding with Bitcoin’s decline to $49,000. This week, the Japanese yen strengthened toward 155.5 per dollar, its highest level in four weeks, driving prices to range lows and suggesting potential further downside. A daily close below the 20-day EMA has brought the 50-day EMA and the monthly pivot point into focus. One potential hurdle for a rate hike could stem from US political developments. Former U.S. President Donald Trump is set to begin his second term in office on Monday, with expectations of executive orders that may disrupt financial markets. Additionally, traders must contend with Japan’s Finance Minister this week reaffirming the government’s readiness to take "appropriate action" to support the yen.
by BlackBull_Markets
USDJPY - Potential Correction, SHORTDear Friends, How I see it: Rising Wedge Pattern. Price is holding around fair market value, exhaustion characteristics. Safest Option: Waiting for a wedge " breakout and hold" for a short entry. However, best practice is to accumulate inventory above or close to FMV at least for your short entry Keynote: Strong support around 156.250 which could serve as the re-test support. I deeply appreciate you taking the time to study my analysis and point of view.
Short
by ANROC
Bullish bounce?USD/JPY is reacting off the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 155.70 1st Support: 154.70 1st resistance: 157.04 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
USD/JPY Possible bullish movement 1H AnalysisHi guys, we had some good news about the JPY , which made the USD /JPY correct it's price and upward steady movement. Today we have a few very big companies showcasing their earnings, and of course have quite a few important Fundamental events ahead of us, so this is why I am following on the re-stability of the USD/JPY pair. Entry: 156.825 Target: 157.825 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Long
by DG55Capital
BOJ to discuss rate hike, yen dips lowerThe yen remains calm and is lower on Tuesday. In the North American session, USD/JPY is trading at 157.98, up 0.34% on the day. There are no tier-1 events out of Japan this week and the yen is having a relatively quiet week. That could change with the release of US inflation on Wednesday. Headline CPI is expected to rise to 2.9% y/y in December from 2.7% in November, while core CPI is expected to remain at 3.3% y/y for a third straight month. Inflation reports have had significant impact on rate expectations but the December inflation rate might not be all that significant, as expectations of a rate cut have fallen in recent weeks. Since the December meeting, the Fed has tried to dampen rate-cut expectations and the market is not expecting a rate cut in the first quarter of 2025. The money markets have currently priced in a quarter-point cut at the Jan. 29 meeting at below 3%  and at the March meeting at around 20%. With inflation largely under control and a solid labor market, there is little reason for the Fed to cut rates in the near term. The Bank of Japan tends not to telegraph its rate plans, leaving investors in the dark and on the hunt for clues about the central bank's rate plans. The uncertainty adds to the drama ahead of BoJ meetings and means that each meeting should be treated as a market-mover. BoJ's Deputy Governor Ryozo Himino said on Tuesday that the BoJ would discuss a rate hike at the Jan. 24 meeting. Himino didn't say what decision he expected the BoJ to make but reiterated Governor's Ueda recent comments that wage growth was solid and that there was a lot of uncertainty surrounding Donald Trump's trade policies. USD/JPY tested resistance at 158.13 earlier. Above, there is resistance at 158.49 There is support at 157.78 and 157.42
by OANDA
U.S. Dollar / Japanese YenHello, dear trader friends The Japanese Yen chart is a highly profitable chart that attracts many traders. I update this chart with weekly, daily, and 1-hour time frames, and each time I post it in two phases to avoid cluttering the chart. Weekly Chart We are clearly in a bullish trend, and I have marked important POIs and critical Extreme Order Blocks. The chart is designed to be very simple and clear, making it easy for you to use. Why didn’t I wait for the BOS to happen before marking these areas? Because it is crucial for the Japanese Yen to meet all Order Flows on the weekly before returning to the main trend. In the weekly trend, the daily chart is completely irrelevant. We have a bearish CHOCH on the daily, but it continues to move and does not pay attention, providing a weekly BOS. Notes on the 4-Hour Time Frame: You may be looking to trade in this time frame, but this asset can completely mislead you as you constantly see CHOCH. This asset fundamentally behaves according to the weekly time frame, taking into account the Meeting Order Flows of daily and 1-hour Order Blocks. In lower time frames, the confirmations can be completely misleading. I am speaking based on Smart Money concepts. Some traders use the Ichimoku indicator, but I advise you to focus on these time frames based on Smart Money; you will achieve excellent results. Entry and Exit Analysis You can refine from the weekly Order Block to the daily, and you can refine the daily Order Blocks to the 1-hour. However, for entry, if there is a 1-hour Order Block, you need to go to the 5-minute time frame to get confirmation. Always set your stop from the 1-hour. For daily Order Blocks, it is better to get an upward confirmation from the 1-hour time frame and have an entry at the 1-hour level with a stop loss based on the daily and weekly candles, following the clearly explained approach. Conclusion These are my experiences with this incredibly profitable asset, shared with you for free, and you will see results in the upcoming weeks. Thank you, my friends! Fereydoon Bahrami "A retail trader in the Wall Street trading Center (Forex)."
by fereydoon1199