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USD/JPY_SPT - USD/JPY

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USD/JPY: Awaiting Fed and BoJ Interest Rate DecisionsHello everyone, today we will take a look at the movement of the USD/JPY pair. The pair is experiencing a slight decline as investors await important decisions from the Federal Reserve (Fed) and the Bank of Japan (BoJ). Both central banks are expected to make interest rate adjustments in 2025, with the Fed potentially lowering rates and the BoJ starting to increase them. BoJ Governor Kazuo Ueda has reaffirmed the commitment to maintaining a neutral interest rate, while the widening interest rate gap between Japan and other countries is creating a significant turning point for the Japanese Yen. From a technical perspective, the resistance level at 158.301 is a major obstacle for the USD/JPY pair. It is likely to face difficulty breaking through and may reverse towards the support level of 157.080, with a possibility of dropping further to the 156.269 support level. In conclusion, the movement of the USD/JPY pair remains difficult to predict and will be strongly influenced by future interest rate decisions. Investors should closely monitor central bank actions and data to devise appropriate strategies.
by Alisa_Rokosz
#USDJPY 2HUSDJPY (2H Timeframe) Analysis Market Structure: The price is trading within a channel pattern, respecting both support and resistance levels. Currently, it is near the upper boundary of the channel, indicating possible resistance. Forecast: Wait for a retest of the channel resistance before considering a sell position, as confirmation is required to validate a potential move downward. Key Levels to Watch: Entry Zone: After a retest and rejection from the upper boundary of the channel. Risk Management: Stop Loss: Placed above the channel resistance or recent swing high. Take Profit: Target the midline or lower boundary of the channel for potential downside movement. Market Sentiment: The setup suggests a cautious bearish bias, but confirmation signals are needed before executing a trade.
Short
by PIPSFIGHTER
USDJPYYen continues to weaken as the BOJ is shifting to cut rates. They dont have the inflation or wage growth to promote more rate cuts. Their Debt burden is still to great to ever see any major growth out of the economy. HTF USDJPY is bullish. FOREX retail sentiment is heavily bearish indicating further upside. BOJ is unlikely to intervene at this time. Look for pullbacks into key demand and inline with HTF trend, then buys back to 160. Until the dollar tuns bearish or the debt markets see massive buying. Dollar pairs should continue to be strong in the near term.
Short
by SoapstoneCapital
5
USD/JPY Analysis: Bullish Momentum Awaits Key ConfirmationUSD/JPY Analysis The overall trend remains bullish, but confirmation of the bullish scenario requires a 4-hour candle close above 157.980. If this occurs, the price is likely to target 159.820 and 161.820. On the other hand, if a 4-hour candle closes below 156.580, it signals a potential drop toward 153.980. A further break below this level could see the price decline to 151.780. Stability above 157.980 will reinforce the bullish momentum, with targets at 159.820 and 161.820. Key Levels: Pivot Line: 156.590 Resistance Levels: 159.40, 161.82, 163.20 Support Levels: 154.64, 153.43, 151.790 Trend Outlook Bullish: Above 157.980 Bearish: Below 156.580 Consolidation: Between 156.45 and 157.98 previous idea:
Long
by SroshMayi
1
USD/JPY SELL SET UP!USD/JPY Sell Set-Up I have identified good levels for a short-term sell on USD/JPY with a favorable risk/reward ratio. The current market structure suggests a potential move downward, making this setup ideal for traders looking for short opportunities. 🔑 Key points to keep in mind: Always use a stop loss to manage risk effectively. Ensure your position size aligns with your trading plan and risk management strategy. Wishing everyone good luck and successful trades!
Short
by MoneyMavenFX
USD/JPY WANT SELLING AT 157.20USD/JPY Analysis and Forecast The USD/JPY pair has shown a clear rejection at its resistance area of 158.00, signaling potential bearish momentum. This level now positions itself as a strong selling zone for traders looking to capitalize on the downtrend. Technical Outlook Resistance: 158.00 Support Levels: 156.00 (key support), with further potential downside targets at 153.50 and 152.00. If the pair continues to hold below the 158.00 resistance, sellers may gain further control, pushing prices towards these technical targets. However, traders should keep an eye on the 156.00 support line, as a break below this level could confirm stronger bearish sentiment.
Short
by ALBERTGOLDHUNTER
2
The Yen's Resilience Against the Dollar: What’s Happening?Hey there, traders! I’ve been keeping a close eye on the options market lately, and I can’t help but notice a growing trend: traders are actively betting against the further strengthening of the U.S. dollar against the Japanese yen. In other words, forecasting a potential strengthening of the Yen. Over the past 2-3 weeks, we’ve seen a significant buildup of volume in vertical spreads, primarily targeting this currency pair. But let’s take a moment to look at the bigger picture here. Since December 20, 2024, the dollar index has climbed by 1.6%, and in the first few days of the new year, the dollar’s momentum has even picked up speed. However, if you take a closer look at the Dollar/Yen pair, you’ll see something interesting: there’s no sign of growth. In fact, the quotes are just “chopping” around in a tight range, resisting any further weakening of the yen. Right now, the quotes are still above the average long position of retail traders (open source data), and the bulls seem to be feeling pretty good. But beneath the surface, there are processes at play that are starting to show signs. Conclusion/ The current situation in the options market and the graphical behavior of the dollar/yen pair suggest that changes in trend may be on the horizon. Traders should stay alert to these signals and be prepared for potential volatility/decline in the near future. But please don't rush! Happy trading!
Short
by ClashChartsTeam
3
Analysis of USD/JPY (Hourly Chart)The USD/JPY pair is currently trading near a critical zone, indicating potential for a strong movement. The price has been consolidating near the 157.00 level, which serves as a key psychological zone. Based on the recent price action and support/resistance levels, there are two plausible scenarios: continuation of the uptrend or a reversal toward lower levels. Key Levels to Watch: Resistance Levels: First resistance: 157.50 Second resistance: 158.00 Major resistance: 158.50 Support Levels: First support: 156.50 Second support: 155.50 Major support: 154.50 Potential Scenarios: 1. Bullish Scenario (Buy): If the price breaks above 157.50 and consolidates, it may indicate the continuation of the uptrend. Entry: Wait for a clear breakout above 157.50. Targets: Target 1: 158.00 Target 2: 158.50 Stop-Loss: Place the stop-loss below 156.70 to protect against unexpected reversals. 2. Bearish Scenario (Sell): If the price falls below 156.50 and closes under this level, a downward correction or trend reversal may be in play. Entry: Enter short positions if the price breaks and consolidates below 156.50. Targets: Target 1: 155.50 Target 2: 154.50 Stop-Loss: Place the stop-loss above 157.00 to limit potential losses. Technical Indicators to Monitor: RSI (Relative Strength Index): RSI hovering around the 50-60 range may indicate potential bullish momentum if it moves higher. Conversely, a drop below 50 could signal bearish pressure. Moving Averages (MA): Watch for the 50-period MA crossing above or below the 200-period MA for trend confirmation. Summary: At the moment, the market sentiment appears bullish, but the lack of strong movement suggests caution. Traders should monitor the 157.50 resistance level closely for confirmation of a breakout, while also keeping an eye on the 156.50 support level for potential bearish setups.
by MD-Priceaction
USD/JPY Drops Below 157.50 During Japan's Holiday SeasonThe USD/JPY pair has slightly decreased to near 157.30, with verbal intervention from Japanese authorities providing some support to the Japanese Yen (JPY). However, uncertainty surrounding the Bank of Japan's (BoJ) policy outlook may limit the Yen's recovery. The Japanese market will be closed for the rest of the week. Traders are awaiting the release of the U.S. ISM Manufacturing PMI for December, which is scheduled for late Friday. Last week, Japan’s Finance Minister Katsunobu Kato reiterated concerns about the weakening Yen and emphasized the need for appropriate measures to address excessive exchange rate volatility. The BoJ will release its quarterly economic report next week, which may provide insights into the central bank's next policy move. Meanwhile, expectations that the Federal Reserve (Fed) will be less aggressive in cutting interest rates in 2025, coupled with positive economic outlooks for the U.S., could provide support for the U.S. Dollar (USD). Technical charts show that the USD/JPY pair is approaching support at 156.196, and if this level is broken, the bearish trend could continue towards the next support level. On the other hand, the 157.779 resistance level remains a key barrier to watch for any potential reversal. However, given the current uncertainty surrounding BoJ policy and global factors in play, the USD/JPY pair may continue its downward trend in the short term.
by Alisa_Rokosz
Elliott Wave View: USDJPY Looking to End Wave 5Short Term Elliott Wave view in USDJPY suggests rally from 9.16.2024 low is in progress as a 5 waves diagonal. Up from 9.16.2024 low, wave (1) ended at 156.74 and pullback in wave (2) ended at 148.64 as 1 hour chart below shows. Pair resumed rally higher in wave (3) with internal subdivision as an impulse. Up from wave (2), wave 1 ended at 152.86 and dips in wave 2 ended at 151.79. Pair resumed higher in wave 3 towards 157.92 and pullback in wave 4 ended at 155.94. Final leg wave 5 ended at 158.04 which completed wave (3) in higher degree. Pullback in wave (4) unfolded as a flat structure. Down from wave (3), wave A ended at 157.34 and wave B ended at 158.07. Wave C lower ended at 156 which completed wave (4) in higher degree. Pair has resumed higher in wave (5). Up from wave (4), wave 1 ended at 157.78 and dips in wave 2 ended at 156.23. Near term, as far as pullback stays above wave (4) low at 156, and more importantly above 148.6 low, expect pullback to find support in 3, 7, or 11 swing for further upside.
by Elliottwave-Forecast
USDJPY 4hWe got an aggresive pullback during the trading hours probably due to news, I'm still long for this pair we are 4.99% up on the monthly period and I don't sell on retracements. If the price will broke the supply zone I'll probably rebuy on the second orderblock level. If that one fails too I'm gonna look for sells thinking we are on a ranging or reversal market. My final target for this trade remains the daily key level on 161.800. My strategy is mostly based on how the price is reacting on my key levels; not on win rates but R:R setups; I think we got a good setup for this one.
Long
by WBEclipse
Market Analysis: USD/JPY Eyes More GainsMarket Analysis: USD/JPY Eyes More Gains USD/JPY is rising and might gain pace above the 158.00 resistance. Important Takeaways for USD/JPY Analysis Today - USD/JPY climbed higher above the 156.50 and 157.30 levels. - There is a major bearish trend line forming with resistance at 157.75 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a fresh upward move from the 156.00 zone. The US Dollar gained bullish momentum above 156.85 against the Japanese Yen. It even cleared the 50-hour simple moving average and 157.30. The pair climbed above 157.50 and traded as high as 157.77. It is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 156.87 swing low to the 157.77 high. The current price action above the 157.30 level is positive. Immediate resistance on the USD/JPY chart is near 157.75. There is also a major bearish trend line forming with resistance at 157.75. The first major resistance is near 158.05. If there is a close above the 158.05 level and the RSI moves above 70, the pair could rise toward 158.80. The next major resistance is near 159.20, above which the pair could test 160.00 in the coming days. On the downside, the first major support is 157.30 or the 50% Fib retracement level of the upward move from the 156.87 swing low to the 157.77 high, below which the bears could gain strength. The next major support is visible near the 156.85 level. If there is a close below 156.85, the pair could decline steadily. In the stated case, the pair might drop toward the 156.00 support zone. The next stop for the bears may perhaps be near the 155.45 region. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
USDJPY H1 | Bullish Bounce Off?Based on the H1 chart analysis, we can see that the price is falling to our buy entry at 157.39, which is a pullback support close to a 50% Fibo retracement. Our take profit will be at 157.84, a swing high resistance. The stop loss will be placed at 156.87, which is a swing low 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
USD/JPY Long-Term Sell IdeaThe chart indicates a rising wedge formation nearing the 161.518 resistance level, a strong bearish reversal signal. Fundamentally, the U.S. Federal Reserve may pivot toward rate cuts by late 2025 due to slowing inflation and economic growth, weakening the dollar. Meanwhile, the Bank of Japan could tighten its monetary policy further as inflation gains momentum, supporting the yen. Key levels to watch: Resistance: 161.518 Support: 142.284 (short-term), 100.000 (long-term target) A break below the wedge could trigger a sell-off, aligning with the fundamental outlook. Consider scaling into short positions around resistance zones.
Short
by DreamsForx
USD JPY signal USD/JPY extends its losses for the third consecutive session on New Year’s Eve, trading around 156.20 during early European hours on Tuesday. However, the Japanese Yen (JPY) is headed for a decline of over 10% in 2024, marking its fourth straight year of weakening against the US Dollar (USD) On the upside, the USD/JPY pair may retest its monthly high of 158.08, reached on December 26. A decisive break above this level could pave the way for further gains, with the pair potentially targeting the ascending channel’s upper boundary near 160.60. Confirm signal USD JPY signal Follow my chart The immediate support lies at the nine-day Exponential Moving Average (EMA) around 156.79, closely aligned with the ascending channel's lower boundary near 156.50.
Long
by JohnHarry_7