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USD/JPY_SPT - USD/JPY

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USDJPY_SPT trade ideas

USDJPY - Longterm viewHere is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels . Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame . USDJPY is currently trading at around 149.000s . We are still extremely bearish on FX:USDJPY since our last longterm analysis was completed: Scenario 1: SELLS from 148.200 -We broke below the downtrend channel. With the break of the downtrend channel we can expect more sells to come and we should continue the bearish trend on USDJPY slowly digging into lower levels potentially reaching our target of 145.000. Scenario 2: SELLS from 151.250 -We above the downtrend channel - 149.900. If we above our downtrend channel we can expect some short-term buys up to our main Key Level or PBA (Pullback Area) from where we can look to enter into the long-term sells. IMPORTANT KEY LEVELS: - 151.250; possible pullback area - 148.200; breaks below confirming lower levels - 145.000; longterm target (prices from Aug-Sep 2024) Personal opinion: We are currently trading in a downtrend channel and we are expecting more sells to come throughout the next weeks. We do have to be careful as TVC:DXY and TVC:JXY might experience some volatility tomorrow due to the following news: JXY: Tokyo Core CPI y/y DXY: Core PCE Price Index m/m KEY NOTES - USDJPY breaking above 149.900 would result in higher pullbacks. - USDJPY breaking below 148.200 (below the downtrend channel) would confirm sells. - USDJPY is overall extremely bearish. Happy trading! FxPocket
Short
by FxPocket
1
USD/JPY Grasping By a ThreadI think the operative question to ask right now is who wants to get bullish on USD/JPY? With expectations for the Fed to cut rates later this year and Japanese inflation remaining high, to the point that the Bank of Japan may need to hike rates again, the fundamental backdrop seems ill-suited to the long side of the pair. Nonetheless, USD/JPY has held on quite well as it's currently grasping at the four-month-low from the support established in December. If the U.S. Core PCE report on Friday comes in below expectation and that data point finally gets below a 2.8% figure, there could be motive on the short side of USD/JPY as US rate cut bets would come further into view. Japanese CPI printed at 4% last week (for January) and that's well above the 3.6% print for December and the 2.9% data point for November. September and October were important for USD/JPY as that's when the carry unwind scenario from last year started to settle, but that was helped along by CPI prints at 2.5% and 2.3%. With inflation heading back up in Japan, there could be a growing argument for Yen-strength and if we see U.S. inflation finally starting to come down, especially if its from the 'Fed's preferred inflation gauge,' there could be motive for sellers to finally leave support behind in USD/JPY. - js
by FOREXcom
USDJPY. The price is at a key level – shorts might be relevant!Hey traders and investors! An interesting situation in the currency pair. The price has returned below the upper boundary of the range at 149.4. Is all the traded volume above this level fueling further price decline? There is a lot of volume up there... We are watching how the price interacts with 148.644. A breakout of this level by sellers and its defense would be a strong signal to look for selling opportunities. Potential target: 142-139. I wish you profitable trades!
by AlexeyWolf
USDJPY AnalysisPotential Pullback Before Bearish Continuation USDJPY is currently in a downtrend, respecting the descending trendline. Price is approaching a key supply zone (151.00 - 151.50), where a potential reversal may occur. A short-term bullish correction could push price into this resistance area before continuing the overall bearish trend. If price rejects this level, we could see a drop towards 148.00 - 147.00. Bias: Bearish Key Levels: 📉 Resistance: 151.00 - 151.50 (Supply Zone) 📉 Target : 148.00 - 147.00 (Potential Downside) Watch for rejection patterns in the supply zone before entering shorts. What’s your outlook? Drop your thoughts below!
Short
by HAAADY
USDJPY H4 I Bearish Reversal Based on the H4 chart, we can see that price is rising toward our sell entry at 151.15, a pullback resistance that aligns close to the 38.2% Fibo retracement. Our take profit will be at 150.04, a pullback support level. The stop loss will be placed at 1152.66, above the 61.8% Fibo retracement. 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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.
Short
by FXCM
1
USD/JPY Correction Could Offer Shelling OpportunityIn my USD/JPY analysis last week, I mentioned a high probability of the pair breaking support and continuing its decline. That scenario has played out, with USD/JPY dropping below the key 151 support zone and now trading around 149.50. An upside correction may be next, potentially providing traders with an opportunity to enter short and ride the downtrend. Conclusion: Rallies around 150.50 should be seen as selling opportunities, and as previously stated, I expect a further drop to 146. 📉 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Short
by Mihai_Iacob
Japanese yen declines as Tokyo Core CPI easesThe Japanese yen has extended its losses on Friday.  In the European session, USD/JPY is trading at 150.39, up 0.40% on the day. After a string of releases that pointed to an upswing in inflation, Tokyo core CPI for February reversed the trend on Friday.  Japan's CPI, PPI and the Bank of Japan Core CPI all accelerated in the most recent releases but Tokyo Core CPI surprised to the downside, with a gain of 2.2% y/y.  This was down from 2.5% in January and below the market estimate of 2.3%. The soft Tokyo Core CPI reading is unlikely to raise many eyebrows at the Bank of Japan. The index remained above the BoJ's 2% target for a fourth consecutive month and Bank policymakers are expected to remain hawkish about monetary policy.  The BoJ raised rates in January and also revised its inflation forecasts upwards, a signal that further rate hikes are on the table. The markets are expecting the BoJ to continue tightening and this has been resulted in higher yields for Japanese government bonds, which hit a 15-year high earlier this month. Governor Kazuo Ueda responded to the sharp rise in bond yields with a warning that the central bank stood ready to intervene in the bond markets. Ueda's threat appears to have worked as bond yields have retreated slightly. The US wraps up the week with core PCE inflation, the Fed's peferred inflation gauge. The market estimates for January stand at 2.6% y/y (vs. 2.8% in December) and 0.2% m/m (vs. 0.3% in December). This would still be above the Federal Reserve's target of 2%. The Fed is not expected to lower rates before May, barring an unexpected surprise from inflation or employment data. USD/JPY tested resistance at 150.39 earlier.  Above, there is resistance at 150.98 There is support at 149.57 and 148.98
by OANDA
USDJPY POSSIBLE BUY?The market is currently testing the current Weekly and Daily area. Based on Daily and 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible reversal. We could see BUYERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor
Long
by WiLLProsperForex
1