Since the Bank of Japan shocked global markets in December ‘22 by widening the Yield Curve Control trading band on 10Y JGB yields from 0.25% → 0.5%, TOPIX Banks have been on a one-way surge upward. TSE:T17B index rallied +7% on the day of the policy meeting, and +25% within days thereafter. The three Japanese mega banks Mitsubishi UFG (TSE:8306, NYSE:MUFG),...
USDJPY has been on a bearish trend in the last 2 months following the BoJ’s policy intervention sometime in November. In recent weeks, the central bank held its monetary policy meeting and still left its policy approach unchanged, leaving the yen again exposed to market forces to determine its direction. A technical view on the pair shows price is subdued by a...
📌 @ridethepig G10 FX Market Commentary - JPY for the Yearly Close Of course, the breakout here can be bought after so much consolidation but it takes time. Buyers have no worries, since with a solid centre a loose Japanese fiscal and monetary policy is easy enough to map. Even more than that Kuroda and Suga are well seasoned, the logical link here is for USDJPY...
TRADE TYPE: INSTANT ENTRY TRADE DIRECTION:LONG TIMEFRAME: 4H ENTRY PRICE: 129.000 STOP LOSS: 127.670 TAKE PROFIT: 131.650 RISK TO REWARD: >1:1 ANALYSIS: Price broke the supply zone comfortably and now shall look to aim towards the upcoming supply zone . stop loss ideally placed below swing low. Follow this thread for any future updates regarding this specific...
Trade Idea: Selling GBPJPY Reasoning: GBPJPY rallied to a 78.6% Fibonacci level and the 20Day Volume point of control. Entry Level: 160.01 Take Profit Level: 156.78 Stop Loss: 156.78 Risk/Reward: 2.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...
The chart below shows when we started to switch sides in yen at 149.3x on October 18th. Three days later, we had FED 'slip of the tongue' admitting being passed the mid-point in rate cycle, and finally the dollar began to cool. BOJ have no option but to move rates higher. The clock is ticking for a move under $125, unlocking $110 and $100 with the full swing. ...
As detailed in the BoJ meeting preview yesterday, the market is on edge for significant movement – case in point, USDJPY 1-day implied volatility (vol) currently sits at 49% - for context, this equates to a 279-pip move (higher or lower) on the day (with a 68% level of confidence), where the market feels fairly confident the upside should be contained into...
Overnight implied volatility has risen sharply higher for yen pairs ahead of tomorrow’s Bank of Japan (BOJ) meeting. In fact, they now sit at their highest level since Brexit, which saw some yen pairs produce double-digit percentages moves (to the favour of the yen) following the infamous vote. Why are traders on edge ahead of tomorrow’s BOJ meeting? The BOJ...
In this update we review the recent price action in the USDJPY and identify the next high probability trading opportunities and price objectives to target
USD/JPY is in positive territory on Monday. In the North American session, USD/JPY is trading at 128.50, up 0.52%. The yen had an excellent week, climbing over 3% and trading at levels not seen since May 2022. The Bank of Japan holds a two-day policy meeting on Tuesday and Wednesday in what could be one of the highlights of the week. BOJ meetings were...
It’s been many years since Bank of Japan (BoJ) meetings posed significant risks for traders, but this Wednesday’s BoJ meeting holds the potential for significant volatility in USDJPY, as well as the JPY crosses, and JPN225. The risk manager The job of the trader is to manage risk, as well as achieving correct position sizing for every trade. So, when I look at...
Hi people we welcome to Team Decrypters we are Expecting reversal on USD JPY this week we have meeting of BOJ but technical already showing where price will head we will place our Bet on long from here , We are Expecting Atleast 400-600 Move to the Upside
Hello guys! Here is a quick summary of what happened in the market today, especially in the Japanese one, after the Bank of Japan surprised everyone. On Tuesday, the Bank of Japan made its first move towards a shift away from ultra-loose monetary policy after weeks of speculation. As part of an adjustment to its yield curve control policy, the BoJ decided to...
The Japanese yen continues to have a quiet week. USD/JPY has edged up 0.20% and is trading at 132.50. There is optimism in the air ahead of the US inflation report for December. The forecast is for inflation to fall, which is exactly what investors want to hear. The consensus for headline inflation stands at 6.5%, following the November gain of 7.1%. The core...
The truth is that I don't know if it's over or not. It certainly feels like the USDJPY pair is going a lot lower, given that the Fed is very close to pausing and cutting rates in 2023. Deflation has always benefited the Yen, which might be the case again. The BoJ took the best stance of all central banks, as they held rates low and provided liquidity when the...
The Japanese yen continues to lose ground this week and is in negative territory on Wednesday. In the European session, USD/JPY is trading at 134.11, up 0.49%. Post-Christmas holiday trading remains thin, but USD/JPY has made steady gains and climbed 1% this week. The US dollar has recovered somewhat after last Tuesday's slide when it fell a staggering 3.8% after...
Price has been holding inside this channel after big drop from BOJ rates/bonds announcement. If price breaks out of channel to the downside I believe we can see price @ 86.000. Goodluck to all, HAPPY 2023 !
With most financial markets closed on Monday, trading will be thin. Japanese markets are open and USD/JPY has edged higher, trading at 132.82, up 0.34%. The Bank of Japan announced a policy change last week, and the ramifications were massive for the Japanese yen, as USD/JPY jumped as much as 4.8% following the move. The BoJ widened the yield curve on long-term...