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USD/JPY_SPT - USD/JPY

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USDJPY_SPT trade ideas

USDJPY ahead of Japan inflation and retail sales figures The Japanese Yen (JPY) continues to appreciate against the US Dollar (USD) as market expectations for additional Bank of Japan (BoJ) rate hikes gain momentum. This has reinforced a bearish sentiment in the USDJPY currency pair, which remains aligned with the prevailing longer-term downtrend. From a technical perspective, 152.50 serves as a key resistance level, marking the recent swing high. A potential oversold rally towards this level, followed by rejection, could reinforce the bearish outlook, with downside targets at 149.30, followed by 147.80 and 147.20 over a longer timeframe. Conversely, a confirmed breakout above 152.50, coupled with a sustained daily close above this level, would invalidate the bearish bias. This could shift momentum toward the upside, opening the possibility for further rallies, with resistance levels at 154.30 and 155.70 acting as potential upside targets. The price action around the 152.50 level remains pivotal in determining the next directional move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
USD/JPY 4-Hour Time Frame AnalysisUSD/JPY 4-Hour Time Frame Analysis On the 1-hour timeframe, USD/JPY is in a downtrend, consistently forming lower highs (LH) and lower lows (LL). Recently, price retested the minor resistance at 150.500 before breaking below the key support level at 149.450, signaling increased bearish momentum. Following the breakout, price retraced upwards, likely targeting sellers' stop-losses placed above 149.450. This retracement indicates a liquidity grab, as market makers aim to trap retail traders anticipating a trend reversal. Currently, the price is positioned within a liquidity zone. If further bearish pressure emerges, we expect the downtrend to continue. Our strategy is to wait for a 4-hour candle to close below the 149.450 level for confirmation. Upon this confirmation, we will place a sell limit order at 149.380, aligning with our risk parameters. Sell Limit Entry: 149.380 (below key level) Stop Loss (SL): 150.290 (above liquidity) Take Profit (TP): 147.360 (next minor key support) Key Levels: Minor Resistance: 150.500 Minor Support: 149.450 (previously broken) This plan aims to capitalize on the continuation of the bearish structure while maintaining disciplined risk management. Fundamental Analysis: Recent statements from billionaire investor Steve Cohen suggest a bearish outlook on the US economy. Speaking at the Future Investment Initiative Institute's summit in Miami Beach (source: Bloomberg), Cohen highlighted several macroeconomic headwinds that could negatively impact the USD: Slowing US Economic Growth: Cohen predicts US GDP growth will decline to 1.5% in the second half of the year, down from 2.5%. Impact of Tariffs and Immigration Laws: New tariffs and tighter immigration policies under President Trump's administration are expected to weigh heavily on economic growth. Tariffs cannot be positive. It’s a tax, Cohen stated, warning that a potential tit-for-tat tariff war could further drag the economy down. Government Cost-Cutting: Elon Musk's leadership of the Department of Government Efficiency is pushing austerity measures, which Cohen described as a further headwind for growth. Cohen also indicated a bearish market outlook, expressing concerns about a significant market correction in the near term. Political Unrest and Its Impact on USD: In addition to economic concerns, there is widespread political unrest across the United States. Throughout February, protests erupted nationwide, particularly in opposition to mass deportations and other administration policies. On February 5, a coordinated movement called "50 protests, 50 states, one day" saw large demonstrations outside state capitol buildings (source: Bloomberg). Such social and political instability could further erode investor confidence in the USD. Conclusion: Given the combination of technical patterns and fundamental pressures, the USD/JPY pair is likely to experience further downward movement: Technical Confirmation: If the price breaks and closes below 149.450 on the 4-hour chart, it will provide a strong bearish signal. Fundamental Factors: Slowing economic growth, Tariff-induced trade friction, and Political unrest under President Trump's administration contribute to a weaker USD outlook. Based on these factors, our sell bias is supported by both market structure and economic fundamentals. We aim to execute our sell order at 149.380, targeting a downward move toward 147.360, while managing risk with a stop loss at 150.290. 📌 Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves risk, and you should conduct your own research before making any investment decisions. Past performance does not guarantee future results.
Short
by RebornFXTrader
US PCE could be the catalyst for USDJPY to make a stronger moveMARKETSCOM:USDJPY is currently flirting with the area around the 149.00 hurdle. In order to shift our attention to some lower areas, a drop below the lowest point of December 2024 is needed. But what about the US PCEs? Let's dig in... FX_IDC:USDJPY What are your thoughts on this? 74.2% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
BoJ Core CPI climbs to 2.2%, yen declinesThe Japanese yen is slightly lower on Wednesday.  In the North American session, USD/JPY is trading at 149.25, up 0.16% on the day. What is the best performing G-10 currency against the US dollar this year?  Surprisingly, the Japanese yen is the winner, with gains of about 5% against the greenback.  This is a remarkable turnaround from 2024, when the yen plunged 11.4% against the US dollar and sank to its lowest level in 38 years. The yen's newfound strength is largely due to expectations that the Bank of Japan will continue to raise interest rates this year, unlike the other major central banks that have been lowering rates.  The BoJ has been raising rates slowly but with inflation indicators moving upwards, even the cagey BOJ has signaled that it will continue to raise rates. Japan's CPI hit 3.2% in January, a 19-month high, and this week's January inflation numbers are also pointing upward.  The producer price index jumped to 3.1%, up from 2.9% in December.  BoJ Core CPI climbed to 2.2% in January, up from 1.9% in December and its third consecutive acceleration.  Next up is Tokyo Core CPI on Friday. In the US, consumer confidence shocked with an unexpectedly weak report.  The Conference Board consumer confidence index slipped to 98.3 in January, well below the revised December reading of 105.3 and shy of the market estimate of 102.5.  The seven-point drop was the sharpest month-to-month decline since August 2021.  The report found that more consumers are expecting a recession.  Retail sales fell 0.9% m/m in December, the biggest decline in a year.  If consumer data continues to deteriorate, the Federal Reserve will have to consider accelerating the pace of rate cuts. USD/JPY is testing resistance at 149.30.  Above, there is resistance at 150.03 There is support at 148.30 and 147.57
by OANDA
USDJPY - JPY strength continues below 152.20 The Japanese Yen (JPY) continues to appreciate against the US Dollar (USD) as market expectations for additional Bank of Japan (BoJ) rate hikes gain momentum. This has reinforced a bearish sentiment in the USDJPY currency pair, which remains aligned with the prevailing longer-term downtrend. From a technical perspective, 152.50 serves as a key resistance level, marking the recent swing high. A potential oversold rally towards this level, followed by a rejection, could reinforce the bearish outlook, with downside targets at 149.30, followed by 147.80 and 147.20 over a longer timeframe. Conversely, a confirmed breakout above 152.50, coupled with a sustained daily close above this level, would invalidate the bearish bias. This could shift momentum toward the upside, opening the possibility for further rallies, with resistance levels at 154.30 and 155.70 acting as potential upside targets. The price action around the 152.50 level remains pivotal in determining the next directional move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
USDJPY M15 | Bullish BounceBased on the M15 chart analysis, the price is approaching our buy entry level at 149.09, a pullback support. Our take profit is set at 149.79, a pullback resistance that lines up with the 161.8% Fibo extension. The stop loss is placed at 148.74, below the 127.2% Fibonacci extension. 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.
Long
by FXCM
USD/JPY: Liquidity Grab Below Weekly LowThe chart shows that the price has grabbed liquidity below the weekly low, potentially triggering a bullish reaction. Analyzing the current USD/JPY situation, recent economic data highlights bearish pressure on the dollar due to declining consumer confidence in the U.S. and expectations of Federal Reserve rate cuts, while the yen is strengthening on the back of more solid economic indicators. Technically, the price has rejected a key demand zone and remains below the psychological threshold of 150.00, which acts as a crucial resistance. If the price confirms a bullish structure on lower timeframes, we could see an upward move towards the 152.00-152.50 area, aligning with a supply zone and moving average confluence. However, a close below recent lows could invalidate this outlook, paving the way for a further drop toward the next support at 146.00.
Long
by Forex48_TradingAcademy
1
USD/JPY Market Analysis – 1H Timeframe📉 USD/JPY Market Analysis – 1H Timeframe 📊 Current Price: 149.563 🔍 Market Structure: Bullish Bias 📌 Key Levels: 🟢 Demand Zones (Support): 148.715-149.603 📈 Entry Plan – Long Setup 🔹 Buy Zone: 148.715-149.603 (Fib 0.618 - 0.786) 🎯 Target: 150.727 ⚠️ Key Observations: • BOS confirms bullish momentum. • Fair Value Gaps (FVG) align with support zones. • Break below 148.715 may lead to a liquidity grab before reversal. #FXFOREVER #USDJPY #SmartMoney #SMC #Liquidity #OrderBlock #Forex #Trading
by FXFOREVER_87