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USD/JPY_SPT - USD/JPY

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USDJPY ANALYSIS IS READY TO FLY MUST READ THE CAPTION The chart for USD/JPY shows the following: 1. Timeframe: 1-hour chart. 2. Key Levels: Target Zone: Around 159.100, indicating a potential bullish target. Current Price: Approximately 157.933 (Sell) and 157.946 (Buy). Stop Loss: Positioned near 157.226 to manage downside risk. 3. Technical Analysis: Pattern: A potential rounding top or consolidation phase before a breakout. Scenarios: Two possible bullish outcomes are shown with arrows: A breakout above the resistance zone, aiming for the target zone (159.100). A retracement followed by a bullish move. Key Support Levels: 157.692 and below, which could act as critical zones to watch. 4. Moving Average: A moving average (possibly the 200 EMA) provides additional support near the stop-loss level. 5. Trading Idea: Buy opportunities are highlighted with strict risk management via the stop-loss placement. The chart suggests bullish momentum but emphasizes careful monitoring of price action near key levels.
Short
by Forex_Vip_Signals
Japan's Economic Outlook: Steady Progress Amid UncertaintiesHello, FX:USDJPY will see downside as Japanese economic data remain positive, with recovery ongoing. The BOJ's outlook appears accurate, as the economy continues to progress steadily. Although uncertainties persist, they are unlikely to prevent the BOJ from raising rates in the future. The current account surplus is now Y3.3525 trillion, with a Y2.6911 trillion surplus anticipated. December bank loans increased by 3.1% year-on-year, following rises of 2.9% in November and 2.6% in October. Robust bank loans indicate that Japan Inc is progressing smoothly. There are uncertainties regarding new US Trump administration policies in 2025. Nonetheless, the domestic economy is stable, with trade with the US being the only question. This will be a solid bearish opportunity that will unfold shortly! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
Short
by TradeWithTheTrend3344
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
USDJPY SHORTUSDJPY: Rising Wedge Consolidation with Bearish Momentum Building Market Overview: USDJPY has been moving within a large Rising Wedge pattern on the Daily timeframe, currently consolidating near the top. We are observing Daily RSI divergence, signaling potential exhaustion at these elevated levels. The 4H intermediate structure has broken below the 50 SMA, indicating early signs of bearish momentum. Key Observations: 1. Bearish Momentum Building: • The rejection at the top of the wedge coincides with increased volatility, as shown by the Bollinger Bands, suggesting that the anticipated downward move may have already begun. • Confirmation of bearish momentum on lower timeframes (LTF) is required for precise entry into this move, targeting the 153-154 region. 2. Weekly Perspective: • USDJPY has recently broken out of a long-term downward trendline on the Weekly chart, marking a shift in macro sentiment. • This pullback is setting up for a potential Higher Low (HL) on the Daily timeframe, creating a base for a continuation move beyond 158. 3. Fibonacci Confluence: • The anticipated downward move aligns with the 0.5-0.618 retracement of the larger upward move—a strong area for liquidity gathering and a potential bullish HL formation on the higher timeframes. 4. 4H Bullish Order Block: • The 4H bullish order block near the retracement zone adds further confluence as a key area to watch for reversal and liquidity accumulation. Trading Plan: • Current Focus: Await confirmation of bearish momentum on LTF for a high-probability entry into the pullback. • Target Zone: 153-154 region, aligning with the Rising Wedge breakdown and retracement levels. • Larger Trend: The pullback is viewed as part of a macro bullish structure, setting up for a significant continuation move beyond 158 in the coming weeks. Stay tuned for precise entry signals as we monitor bearish momentum and key levels for validation. Trade with discipline and proper risk management!
Short
by EliteMarketAnalysis
Potential Setup for JPY/USD: Double Top and Wedge Pattern AnalysThe JPY/USD pair is showing signs of a major trend reversal, with a potential double top pattern forming. While there was a bullish trend earlier, it officially ended with the penetration of the trendline in early August 2024, marking the shift to a potential bearish structure. Currently, the market appears to be in the second leg of the double top, signaling the possibility of a major reversal. This setup could take one of three forms: • A higher high double top, indicating a false breakout. • A lower high double top, confirming weaker buying momentum. • A double top with equal highs, aligning with a classical reversal pattern. Key Observations 1. Resistance Zone Around 160 Price is expected to test the resistance zone near 160, which aligns with the potential peak of the double top. Traders should look for a rejection signal to confirm the resistance level's strength. 2. Wedge Blow-Off Above the Upper Channel Line The first sign of a reversal may be a blow-off in the wedge pattern, as the price moves above the upper channel line. This would indicate exhaustion in the upward momentum and the beginning of a bearish reversal. 3. Retest or Pullback Scenarios o If the price breaks through the resistance zone, wait for a retest of the 160 level to confirm it as a false breakout. o If the price starts to decline without reaching the resistance zone, traders should watch for a pullback to the EMAs. A death cross—where the 20 EMA crosses below the 50 EMA—will provide further confirmation of bearish momentum. 4. Trading Range and Micro Double Top Formation The price may enter a trading range after rejection at the resistance zone or following a breakout. Within this range, we can expect the development of a micro double top pattern, which could serve as a precursor to further downside. This setup would reinforce bearish momentum and provide additional entry opportunities. Target Levels 1. First Target – 150 Zone The initial target lies near the 150 level, which aligns with a key Fibonacci retracement. At this zone, we can expect a pullback before further downside. o If the 150 zone is penetrated, traders should move their stop-loss to the pullback level for protection. o Additionally, traders may choose to add to their existing short positions during the pullback, depending on the structure of the retracement. 2. Second Target – Beginning of the Wedge The final target for the double top setup is the beginning of the wedge pattern, representing a major support level and the structural low before the second leg formed. Strategy Recommendations • Entry Points: Monitor price action closely around the 160 resistance zone. Rejection at this level would strongly support the double top scenario. • Pullback Entry: If a wedge blow-off or initial decline occurs, consider entering short positions during pullbacks to the EMAs, especially as the 20 EMA crosses below the 50 EMA. • Stop-Loss Management: Use a trailing stop to protect profits as the price moves toward target levels. Adjust stop-loss levels after pullbacks, particularly after penetration of the 150 zone. • Second Entry Opportunity: Look for a second short entry after pullbacks to the EMAs to strengthen your position. The JPY/USD pair offers a compelling setup for a major trend reversal, supported by clear technical signals. The current price action suggests a second leg of the double top is forming, and traders should remain vigilant around the 160 resistance zone. With the 150 zone as the initial target and the wedge’s starting point as the final target, traders can capitalize on multiple opportunities by combining pullback entries, stop-loss adjustments, and trailing stops to effectively manage risk and maximize potential gains.
Short
by OWLINGOLD
4-hr USD/JPY: Another 200 Pip Rise Not Impossible The Dollar King continues to assert its dominance, with the EUR, GBP, and AUD seeing significant declines over the past weeks. This robust performance is fueled by the Fed’s hawkish comments on fewer rate cuts in 2025, bolstered by last week’s strong NFP and Unemployment data. The USD is poised for further gains in the near term, although a deeper correction may follow. Technically, after amassing hundreds of pips, a conservative pullback seems imminent. USD/JPY recently broke below its 60-period MA, a support level it previously respected, opening the door for a dip. The 23% Fibonacci retracement now serves as the next key support level, where a rebound could align with the pair’s strong upward momentum. A move toward 156.50, or slightly lower, may invite fresh speculative buying. Such activity is expected to drive USD/JPY another 200 pips upward, potentially retesting its highs above 158.60 and reinforcing the pair’s bullish trajectory.
Long
by Trendsharks
USD/JPY: Signs of Exhaustion Amid Yield and RSI DivergenceWhile USD/JPY remains strongly correlated with yields in the belly of the US Treasury curve, that’s not translated to explosive upside recently, a noticeable departure from the trend seen in previous months where rising yields saw dollar-yen rip higher. With the pair unable to hold gains despite the blowout nonfarm payrolls report last Friday, the price action hints of fatigue following the substantial bullish run from the September lows. The inability to follow US Treasury yields higher may also be a sign carry trade flows may be slowing or even stalling. RSI (14) has diverged from price over the past month, and with MACD generating a fresh bearish signal, it points to waning bullish momentum, potentially increasing the risk we may see some form of bearish reversal. With dips below 157 bought over the calendar turn, the risk-reward of going short around current levels does not screen as compelling, suggesting those considering bearish trades may want to wait for a potential retest of Friday’s high of 158.88 before initiating trades. If the price were to be rejected again at this level, it would generate a decent setup, allowing for shorts to be established beneath the level with a tight stop above for protection. 155.89 would be a potential trade target.
Short
by FOREXcom
GBPUSD WANT DROPING SIDE at 157.70Here's a more detailed descr **GBPUSD Trade Setup: SELLING ZONE AT 1.5770** Currently, the GBPUSD pair is setting up for a potential selling opportunity at the 1.5770 level. This area is marked as a key resistance zone, where the price may encounter downward pressure. ### **Technical Target: 1.5500** Our primary technical target for this trade is the 1.5500 level. This target is based on recent price action, indicating a likely retracement to this support zone, given the prevailing bearish sentiment in the market. ### **Support Level: 1.5640** The first level of support to watch is 1.5640. A break below this could signal further downside momentum towards the 1.5500 target. ### **Resistance Level: 1.5859** On the upside, 1.5859 is a key resistance level that needs to hold for the bearish bias to remain intact. A breakout above this level could invalidate the selling scenario. ### **Trade Plan:** 1. **Entry:** Sell at 1.5770 (near the resistance zone) 2. **Stop Loss:** Place a stop above 1.5859 (above resistance) 3. **Take Profit:** Set take profit at 1.5500 (technical target)
Short
by EMMAPROFESSIONALTRADER
Fundamental Market Analysis for January 15, 2025 USDJPYThe Japanese Yen (JPY) is struggling to gain significant strength and is languishing near multi-month lows against its US counterpart amid doubts over the Bank of Japan's (BoJ) rate hike plans. Signs of intensifying inflationary pressures in Japan leave the door open for a BoJ rate hike in January or March. In addition, BoJ Deputy Governor Ryozo Himino signaled on Tuesday that a rate hike remains a real possibility at the upcoming meeting. However, there was no direct indication in Himino's comments about the possibility of a rate hike in January. Moreover, some investors believe that the BOJ may wait until the spring talks before pulling the trigger. Meanwhile, the Federal Reserve's (Fed) hawkishness in December was a key factor behind the recent rise in U.S. Treasury yields. This has widened the yield differential between the US and Japan, which in turn is seen as another factor undermining the low-yielding Japanese yen. In addition, risk-on sentiment is deterring traders from placing bullish bets on the safe-haven yen. At the same time, weak US Dollar (USD) price action acts as a headwind for the USD/JPY pair ahead of the release of the latest US consumer inflation data. The crucial Consumer Price Index (CPI) report may influence the Fed's policy course and stimulate demand for the USD. Trading recommendation: Trade mainly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
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
USD/JPY: Technical Analysis and Market SentimentThe Japanese Yen (JPY) remains neutral against the US Dollar (USD), with the USD/JPY pair holding steady above the 157.00 level in early European trading on Tuesday. Comments from Bank of Japan (BoJ) Deputy Governor Ryozo Himino have increased uncertainty about the timing of future rate hikes by the BoJ. Additionally, the widening US-Japan interest rate differential, supported by the Federal Reserve's hawkish shift, continues to weaken the low-yielding JPY. Reports that top economic advisers to US President-elect Donald Trump are considering delaying tax hikes have boosted investor sentiment, reducing demand for traditional safe-haven assets like JPY. However, US Treasury yields have been falling, mainly due to easing concerns over Trump's trade tariffs, which has limited the JPY's losses. Meanwhile, traders are awaiting the US Producer Price Index (PPI) data to identify short-term trading opportunities. On the technical charts, the USD/JPY pair is in an uptrend, with support at 157.109. If the pair maintains stability above this level, it could continue its upward momentum, targeting the 158.00 level or higher in the near term. However, a break below the 157.00 level could lead the pair to test the next support zone around 156.50.
by Alisa_Rokosz
USDJPY-bias long Pair is in bullish trend and making higher highs and higher lows , making a bullish flag in day time frame with the support respected at 156.85 Inverted hammer candle in 4 hr time frame indicates bullish continuation. Pair is making inverted head and shoulder in 1 hr time frame. Ma 21 respected in 30 min indicates bullish momentum,. MA200 respected in 2 hr time frame Day time frame shows bearish divergence which is on the bearish side point and the MA 21 respected in 2 hr My bias is bullish based on most of the confluences Trade plan bias long @ 157.33 SL:156.865 TP1:158.07 TP2:158.66
Long
by gouthamkulal1
Consolidation Midweek Rally #9 (Friday Nonfarm Payrolls)On Monday, I observed the price reaching an old high, but I decided to wait until Wednesday to act. My reasoning was based on a daily fractal pattern, along with liquidity formed on Tuesday. I was targeting the Wednesday London session after 2:30 PM NY time, aiming for a return to the 15-minute order block (OB). The liquidity was taken, but the price only moved just under 50% of the Average Daily Range (ADR). Considering that Wednesday marked the third consecutive bullish green candle, I anticipated Thursday would turn bearish, providing a better opportunity on Friday to secure a good number of pips. However, the same strategy I used on Wednesday didn’t yield the expected results. This experience highlighted an important realization: Friday’s move was likely a liquidity run, signaling a strong possibility that the price might turn bearish. With the Commitment of Traders (COT) data showing the USD in a neutral position, this week’s developments will be critical in understanding their stance. There’s now a significant chance we could see a bearish month ahead, with Friday potentially marking the high of the week.
by Bufalodorato
USD/JPY: Upside potential remains intactThe Japanese Yen (JPY) has stabilized against the US Dollar (USD) as it entered the European trading session, although it remains close to its lowest level in several months. The weakness in JPY is largely due to uncertainties about when the Bank of Japan (BoJ) will raise interest rates, coupled with the widening interest rate differential between the US and Japan. Current technical charts show key support levels at 157.68 and 157.41, which, if maintained, could allow the Yen to recover. If the USD/JPY breaks through the resistance level at 158.21, the upward momentum could extend, targeting the 159.00 range and potentially reaching the recent multi-month high around 160.00. Stop Loss could be placed around the 157.00 level to mitigate risk in case of a reversal. Meanwhile, Take Profit (TP) can be set at 159.00, with the potential to extend to 160.00 if the upward trend is sustained.
by Alisa_Rokosz
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 yesfish