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USDJPY trade ideas

USD/JPY on the Rebound: Key Insights Ahead of November NFPThe USD/JPY currency pair is witnessing the US Dollar regaining some strength following its reversal on November 15. As market participants look ahead to the critical US Nonfarm Payrolls (NFP) report for November, they are eager for insights into the current labor market conditions. Economists predict that the US economy added around 200,000 jobs, a significant increase compared to October's modest gain of just 12,000. It's worth noting that the NFP estimates for various sectors were impacted by hurricanes that occurred last month. Additionally, the Unemployment Rate is projected to rise slightly to 4.2% from the previous figure of 4.1%. Attention will also be focused on the US Average Hourly Earnings data, which will provide clues about wage growth trends. An uptick in wages can drive consumer spending, potentially fueling inflation and reigniting concerns about sustained price pressures. Such developments may influence market expectations regarding the Federal Reserve's stance ahead of its December meeting. Currently, the USD is experiencing a rebound from a demand support zone. Although seasonal forecasts indicate a possible bearish trend, there is potential for the USD to strengthen further, possibly testing the 155 level again. ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
Lingrid | USDJPY Optimal ZONE to SHORT the MarketThe price perfectly fulfilled my previous idea. It hit the TP level. FX:USDJPY is currently pulling toward the resistance zone and appears to be forming an ABC pattern upward, indicating a complex pullback. Given that the overall trend is still bearish, I anticipate that the market may move down to retest the support level. The price previously consolidated above this zone before breaking through, highlighting its significance. Therefore, I expect the market to rebound from the resistance and then retest the middle of the range zone, where we might see further reactions as traders assess the potential for continuation or reversal. My goal is support zone around 150.235 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 Lingrid
4
Posible 600pips USDJPY for CPIPrice has moved as anticipated, completing the first 300 pips on the buy scenario. Now, our focus shifts to the sell setup, aiming for the downside target. As we prepare for this next move, remember to trade safe and prioritize your risk management—always keep it tight and controlled. Stay disciplined, stick to the plan, and remain confident all the way. I’ll keep this space updated with any new developments, so stay tuned. Let’s make it count! Patience is the way! IEIOS
Short
by Ieios
1-hr USD/JPY: The Dollar King is Going North Over the past 10 days, the USD/JPY pair has gained 320 pips, reaffirming its uptrend. This strong bullish momentum is supported by the appearance of two Golden Cross patterns, a classic signal to buy. Meanwhile, both the EUR and AUD are losing value, indirectly hinting at further Yen weakness. However, in the last few hours, a minor correction has emerged, primarily driven by profit-taking. If short-term selling intensifies, we plan to wait for a deeper pullback before entering a buy position. The 150.90 level has recently acted as a support zone, coinciding with the critical 38% Fibonacci retracement level. Entering at this lower level offers traders a more favorable risk-to-reward ratio while aligning with the broader uptrend. This strategic entry point could provide an opportunity to capitalize on the pair's strong momentum while mitigating downside risk.
Long
by Trendsharks
3
USDJPY H4 | Bullish Continuation?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 151.08, which is a pullback support. Our take profit will be at 152.15, an overlap resistance close to the 50% Fiob retracement and the 161.8% Fibo expansion, indicating a strong level of resistance. The stop loss will be placed at 150.03, which is a pullback support level. 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, previously FXCM EU 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
USDJPY : CAPITALIZING ON YEN STRENGTHThe Japanese yen (JPY) has recently been trading near a five-month low against the U.S. dollar (USD), influenced by the monetary policy stances of the Bank of Japan (BOJ) and the Federal Reserve. The BOJ's decision to maintain its ultra-loose monetary policy, without clear indications of future rate hikes, contrasts with the Federal Reserve's hawkish tone, which includes projections of a measured pace of rate cuts in 2025. This divergence has contributed to the yen's depreciation, with the currency experiencing a 4.7% decline this month, reaching levels that have prompted market participants to remain alert to potential intervention from Japanese authorities. Looking ahead, some analysts anticipate a potential strengthening of the yen later in the year. Factors such as expected rate cuts by the Federal Reserve and a shift in market focus towards U.S. elections could influence this trend. However, in the immediate term, the yen's performance is likely to remain under pressure due to the current monetary policy divergence between Japan and the United States. Market participants should closely monitor central bank communications and economic indicators, as these will play a crucial role in shaping currency movements in the near future. TRADE IDEA FOR THIS WEEK: SELL USDJPY
Short
by design77
USDJPY Wave Analysis 23 December 2024 - USDJPY reversed from key support level 156.35 - Likely to rise to resistance level 158.00 USDJPY currency pair recently reversed up from the key support level 156.35 (former resistance from November, acting as she support after it was broken last week). The upward reversal from the support level 156.35 continues the active minor impulse waves iii and 3 – both of which belong to the intermediate impulse wave (3) from the start of December. USDJPY currency pair can be expected to rise to the next resistance level 158.00, the breakout of which can lead to further gains toward 160.00.
Long
by FxProGlobal
USD/JPY continue with the UptrendOn USD/JPY , it's nice to see a strong buying reaction at the price of 155.340 and 154.640. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
by Trader_Dale
Fundamental Market Analysis for December 23, 2024 USDJPYDoubts about the Bank of Japan's rate hike plan and widening yield differential between the US and Japan put pressure on the yen. Traders are expecting a short-term boost from the US consumer confidence index, which will be released on Monday. The Japanese yen (JPY) starts the new week on a softer note and remains a short distance from the five-month low reached on Friday against its U.S. counterpart. Doubts over when the Bank of Japan (BoJ) will raise interest rates again have proven to be a key factor weighing on the JPY. In addition, the recent widening of the yield differential between the US and Japan, backed by the Federal Reserve's (BoJ) tightening stance, is undermining the low-yielding JPY. Added to this, the overall positive tone in equity markets is reducing demand for the safe-haven yen. Meanwhile, strong inflation data released in Japan on Friday left room for a potential BoJ rate hike in January or March. This, along with subdued US Dollar (USD) price action, did not help the USD/JPY pair to realize upside potential in the Asian session in the absence of any fundamental catalyst. Trade recommendation: Watch the level of 156.00, when fixing below consider Sell positions, when rebounding consider Buy positions.
by Fresh-Forexcast2004