The price violated 150.85 like the knife in the butter. All this movement was related to the FOMC that is still expected to share any hawkish signals through the Interst rate projection. However the most important part of this movement was related to the fact that BOJ Increased rates after a long period of time but according to the market it was a rate hike followed by a dovish press conference. All the movement created was on the wrong direction taking in consideration that BOJ took this decision after so many years and it is obvious that they will make more changes in the future.
Another problem that we have to be careful is that the USDJPY bull run may stop soon near to the current zone. It was a zone where BOJ reacted several times on the past by intervening in the market. Probably BOJ may intervene today or tomorrow if the FED will push the price up during the FOMC meeting.
You may find more details on the chart. Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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USDJPY - video analysis
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USDJPY +100 pips so far:)
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USDJPY didn't move from the top of the zone. it is still waiting there and the situation is critical. However, it could be close to the beginning of the bearish wave. It should be only a matter of time
🚨Breaking: 👉Japan’s CPI inflation data rose to 2.8% YoY in February from 2.2% in January, which remains above the BoJ’s target.
👉Japan’s Suzuki will watch foreign exchange moves with a high sense of urgency
✅We may see BOJ Intervening in the market as they are sending messages again considering the USDJPY exchange rate and the inflation that is rising. SO they have double problems
Wow, you've put a lot of thought into this USD/JPY analysis!
I'm intrigued by the way you’ve incorporated fundamental events like the FOMC and BOJ's actions into your chart analysis—that adds a rich layer of insight. But just a heads up, the label "Second intervention (fake news)" could be a bit clearer. Is it indicating a potential market reaction point based on historical interventions?
Regarding the expected interventions, it's a solid point that previous zones of BOJ activity are critical to watch. However, have you considered adding some more recent support/resistance levels that might also play into the currency's response to the interventions?
You mentioned the BOJ rate hike and subsequent dovish press conference, which is definitely a key event. But how do you think this contrasts with the longer-term trend we’re seeing? Does the trend line drawn from the earlier peaks and troughs still hold as a relevant indicator for future movement?
It's a complex scenario, especially with major central bank meetings in play. Monitoring these events closely could give even more depth to your strategy, don’t you think?
bonganifx28
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NICE 👏
Behnam_Hosein_Nezhad
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NEWS: On Friday, Bostic said that he now expects only one rate cut this year, compared with two previously, due to a later start to rate reductions this year.
What are the consequences of reducing the rate from three steps to only one step? Please advise?