USDJPY OUTLOOK Current technical outlook on USDJPY. In alignment with the bearish dollar (earlier post) and expected rate cut towards the end of the year. I expect some sell to the down side on the USDJPY pair. "May fortune attend thee, and thy trade prosper." .......L2Earned Shortby L2EarnedUpdated 12
USDJPY"The USD/JPY has formed a positive pattern, activated by the breakout, with an upward trajectory targeting the 163.4 level."Longby ALSEIF_GROUB113
USD/JPY looks ready to soar, but will it wake up Bo(J)zilla?Last week, USD/JPY spiked higher after a disappointing Bank of Japan (BoJ) rate meeting and today, the price has again broken above resistance. The chart reveals a smaller ascending triangle pattern with a target of 159.80, which remains valid as long as the price trades above 157.14. Will a push higher wake up Bo(J)zilla? Why is the USD/JPY Rising? The BoJ's decision to leave rates unchanged last week, despite inflation being reported at 2.5% and potentially reaching 3% soon, was met with disappointment in the market. The central bank's vagueness about its plans to reduce asset purchases further adds to the uncertainty. This scenario supports the carry trade, a strategy where investors can increase their returns by borrowing cheaply in JPY at nearly 0.1% and investing in the USD at 5.5% or the MXN at an eye-watering 11%. With leverage, returns could increase to 22% annually, excluding costs. Will the BoJ Intervene? It is unlikely that the BoJ will intervene significantly in the short term. However, given the current fundamentals and chart patterns, the USD/JPY appears poised for further gains. The central bank might attempt to intervene during low liquidity periods, such as when the US markets are offline and before the Asian markets open. Caution is warranted for anyone going long USD/JPY, as they could face off with Bo(J)Zilla.Longby Alex_thinkmarkets4
bearish USDJPY this is what i see bearish USDJPY this is what i see The market is going for a sell you can scalp some pips GoodluckShortby Forexnelson4
USDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)Longby ShahedZare2
USDJPY: Important Key Levels For Next Week 🇺🇸🇯🇵 Here is my latest structure analysis and important support and resistance levels for trading USDJPY next week. Consider these structures for pullback/breakout level. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader113
USDJPY ( BEARISH PRESSURE )USDJPY HELLO TRADERS Tendency the price is under short pressure 156.953 Turning level : The turning level 156.953 , so as long as the price below this level, there will be a bearish trend resistance level : Breaking the turning level 156.953 , the price will rise to158.289 as long as the price stabilize this level , there will be reach 159.523 support level : The trading stabilizing below 156.953, the price will reach the support level of 155.732 and 154.648 , and under this level it will be reach 153.359 corrective level : price will attempt 156.953 , correct itself before falling I HOPE YOU A PROFITABLE DAYShortby ArinaKarayi3
USDJPY Short from ResistanceHello Traders In This Chart USDJPY HOURLY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts Longby ForexMasters20002
Short Idea on USDJPYUSDJPY made an attempt to breakout from symmetrical triangle pattern on 12/6/2024 before US CPI Data released. After US CPI Data released on 12/6/2024, the USDJPY dropped tremendously from 157.37 to 155.75 level. Today 13/6/2024, USDJPY climbed to sensitive rejection level 157.35 again. On 4-Hours Timeframe Chart, you can see a potential Head & Shoulder Formation. The USDJPY Price is currently forming a possible right shoulder, which potential peak will be at between 157.30 to 157.40 area. If a Solid Bear candlestick formed break the support of 156.90 Level, you will see a waterfall happening to 154.90 level. My Entry Price: 157.26 Profit Target: 154.90 Stop Loss: 158.15 Risk : Reward: 1 : 2.61 Shortby PeterGHL2
USD/JPY longsentiment analysis-The market is not in out favor but i believe it is oversold. 23% short 77% long Technical analysis drew a support but waiting for that third touch to validate it. Once i see a bounce off this level i will go long. RSI is also oversold and the higher timeframes are going in that direction as well. Also the market clears 157 level so good for bulls. Fundemental analysis No news today will effect it at all but tomorrow we will have the FOMC speak witch will effect the usd heavily so trade with caution with this. Conclusion I'm looking for that to bounce off and validate that support and i will go long at that entry if keeps playing this way. Longby tourvilledamian2
USDJPY Potential Downturn: Key Levels and FOMC Insights todayHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 155.900 zone, USDJPY is trading in an uptrend and currently seems to be attempting to break it out. If we get decent dips below the support area we will be looking for a potential retrace of the trend towards more lows. Fundamentally the last CPI data came below expectations, indicating that inflationary pressures might be easing. This could reduce the need for aggressive interest rate hikes by the Federal Reserve, potentially leading to USD weakness. Additionally, we have the FOMC meeting later today, where any dovish signals or a cautious approach towards future rate hikes could further weaken the USD, making the bearish scenario for USDJPY more likely. Therefore, it's crucial to monitor the price action around the 155.900 zone and be prepared for potential volatility following the FOMC announcements. Shortby JoeChampion3
USDJPY Downtrend Line Rejection At 157.291. 13.06.2024USDJPY downtrendline rejection at 157.291. If rejection holds: Potential downside to 156.952. Break below 156.952 targets 156.725. If rejection fails: Potential upside to 157.723. Break above 157.723 targets 158.272. Apply Risk Management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby BDSwiss_Academy2
USDJPY Expected move This is the expected move today on USDJPY and let's hope it moves before CPI or CPI respect the setupShortby GoldenB552
market respected the previous T_L session zone.The price respected the previous tokyo-london session zone and dropped as expected, by MHFX_G3
USDJPY Uptrend Line Rejection At 157.626. 18.06.2024USDJPY Uptrend line rejection at 157.626. If rejection holds, target 158.147; next target 158.810 if 158.147 is breached. If rejection fails, expect a drop to 157.216; next target 156.894 if 157.216 is breached. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerLongby BDSwiss_Academy1
usdjpy downtrend it is happening ..... due to my previous analysis i realized usdjpy just bounces back on that resistance lineShortby Forexnelson113
USD/JPY BEARS ARE STRONG HERE|SHORT Hello,Friends! USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 154.142 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals113
Trade Signal: USDJPY - Direction: SellWe have identified a promising trade opportunity in the USDJPY currency pair. Here are the details of the setup: Direction: Sell Enter Price: 157.355 Take Profit: 156.69166667 Stop Loss: 158.13666667 This recommendation is driven by our analysis using the EASY Quantum Ai strategy, which incorporates a variety of technical indicators and market sentiment tools. Here are the key factors that influenced our decision: 1. Technical Analysis: The price action indicates a potential bearish trend reversal at the Enter Price. Confirmation is supported by key resistance levels and candlestick patterns suggesting a decline. 2. Momentum Indicators: RSI and MACD indicators are showing signs of bearish momentum, suggesting that the currency pair is overbought at the current levels and may experience selling pressure. 3. Support and Resistance Levels: The Enter Price of 157.355 has been identified as a significant resistance level. A break below this level could trigger further downward movement towards the Take Profit target of 156.69166667. 4. Market Sentiment: Sentiment analysis indicates that there is increased selling interest in USDJPY among institutional traders, which aligns with our bearish outlook. Remember to adhere to your risk management rules by setting the Stop Loss at 158.13666667 to protect against unfavorable market movements. Trade responsibly and stay informed. Happy trading!Shortby ForexRobotEasyUpdated 2
USDJPY Pair : USDJPY ( U.S Dollar / Japanese Yen ) Description : Rising Wedge as an Corrective Pattern in Long Time Frame RSI - Divergence Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame Resistance Level by ForexDetective3
The yen continues to weaken as BoJ keeps rates unchangedThe BoJ came out this morning saying they will keep the rates unchanged. The market took that as a negative and we are seeing weakness in the yen across the board against all its major counterparts. Also, the weakness of the Japanese currency might continue, as long as indices are rising. #usdjpy EASYMARKETS:USDJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.03:44by easyMarkets3
Japan rate decision Friday: A deeper look Japan's wholesale inflation surged in May at the fastest annual rate in nine months, data revealed yesterday, indicating that a weak yen may be exerting upward pressure on prices by increasing the cost of raw material imports. Producer prices in Japan rose 2.4% year-on-year in May 2024, up from 1.1% in April, surpassing market expectations of a 2% rise. This data is likely to be a key factor for the Bank of Japan (BOJ) board as it convenes for a two-day policy meeting ending on Friday. The central bank is widely anticipated to maintain its short-term interest rate target within the 0% to 0.1% range. However, the data adds complexity to the BOJ's decision-making on the timing of interest rate hikes. BOJ Governor Kazuo Ueda has stated that the central bank will consider raising rates further if it becomes more confident that underlying inflation will remain around the 2% target. Looking at the 4-hour chart today, the USD/JPY has rebounded following the FOMC decision, erasing much of the post-CPI drop, and passing through the 20-, 50-, 100-, and 200-hour Exponential Moving Averages. by BlackBull_Markets3
Euro falls to six-week highThe euro has extended its losses on Friday. EUR/USD is trading at 1.0675 in the European session, down 0.59% on the day. The euro is down 1.17% this week and has dropped to its lowest level since May 1st. France’s inflation level fell to zero in May, confirming the preliminary estimate and down from the 0.5% gain in April. France is the eurozone’s second-largest economy and the downtrend in inflation will be welcome news to the European Central Bank. The central bank delivered a rate cut last week, the first since its rate-tightening cycle began two years ago. ECB policymakers will be closely monitoring inflation data and could consider another cut in the fall if inflation continues to decline towards the 2% target. Eurozone inflation rose 2.4% in April, unchanged from March. ECB President Lagarde speaks at an event in Croatia later on Friday and investors will be looking for hints as to the ECB’s planned rate path. Another cut in July is unlikely but a signal from Lagarde that additional rate cuts are one the table could boost the euro. In the US, the producer price index rose 0.2%, below the April reading of 0.5% and lower than the market estimate of 0.1%. Yearly, PPI ticked lower to 2.2%, down from a revised 2.3% in March and below the market estimate of 2.5%. The soft PPI data follows the May CPI report which also showed that inflation on the decline. The downtrend in these two inflation reports have raised expectations of a September rate cut, with a 61% of a quarter-point cut currently, compared to 46% just a week ago, according to CME’s FedWatch. EUR/USD pushed below support at 1.0709 and is testing support at 1.0679. Below, there is support at 1.0629 1.0763 and 1.0793 are the next resistance linesby OANDA2