The Japanese yen has edged lower on Friday, after posting huge gains a day earlier. USD/JPY is trading at 159.16 in the European session, up 0.26% on the day at the time of writing.
The US dollar was down against most of the major currencies on Thursday, after a softer--than-expected US CPI report raised expectations for a rate cut in September. The yen was the...
The Japanese yen tumbled beyond 160 per USD, marking its weakest level since 1986. This is a critical threshold that previously prompted intervention by Japanese authorities. In May, Japan depleted a record ¥9.8 trillion to bolster the yen.
Masato Kanda, Tokyo's top currency diplomat, attempted to mitigate the surge above 160.00 with strong verbal interventions,...
Hello TradingView Family / Fellow Traders,
EUJPY is currently approaching a massive supply zone marked in red.
For the bears to take over again and start the next bearish impulse movement, a break below the last major low in gray is needed.
Meanwhile, EURJPY would be bullish short-term and can still trade higher.
📚 Always follow your trading plan regarding...
Pair: FX:USDJPY
Timeframe: H4 - Medium Term (MT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Price action may face some resistance from a previous support line
- Price is close to 61.8% Fib Extension Level
- Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1...
Pair: FX:CHFJPY
Timeframe: H4 - Medium Term (MT)
Direction: Short
Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames
- Price action may face some resistance from a previous support line
- Price has retraced to 61.8% Fib Retracement Level
- Aiming for the lower Support trendline from the mid of...
Since January 2023, the USDJPY has been on an astronomic rise, driven by the significant divergence between FOMC and BoJ monetary policies.
The initial market expectation was for the BoJ to intervene when the USDJPY approaches the 155 price level.
Today the Yen has come under fresh selling pressure, as the BoJ kept rates on hold, taking the USDJPY above...
The Japanese yen showed some promise earlier, gaining as much as 0.48% against the US dollar as it rose to 153.59. However, it has pared those gains and is trading in Europe at 154.58, down 0.04%.
Japan’s nationwide CPI, which excludes fresh food, rose 2.6% y/y in March, down from 2.8% in February but higher than the market estimate of 2.7%. Core CPI has now...
Recent remarks made by Masato Kanda, Japan's vice-finance minister for international affairs, have led to heightened cautiousness regarding potential actions by authorities to support the yen through intervention.
The USD/JPY has comfortably surpassed the 150.000 threshold, which historically has prompting interventions by the Bank of Japan to limit the weakness...
The Japanese Yen is one of the worst performing currencies in 2024. It has weakened 5.4% against the USD.
Forces have been stacked against Yen ever since the US Federal Reserve started raising interest rates at a record pace. In sharp contrast, ultra loose monetary stance from the Bank of Japan (BoJ) resulted in wide policy rate differential of 5% between...
In Karate, offense is the best form of defence. The BoJ knows it. Japan faces a raft of economic headwinds which shows up in Yen’s performance.
The BoJ intervened strongly last year to support the currency when it skirted around current levels. Yen is hovering at those levels again. BoJ is anticipated to act. Such interventions typically mark the bottom.
This...
Summary
The Yen continues to weaken. The USDJPY is now at a 25-year high.
The Details
The Bank of Japan (BOJ) intervention could happen any week, meaning some big moves on JPY pairs. I am expecting at least a 500 pip bearish move on USDJPY 💥
If there is no intervention, USDJPY may reach as high as 155-160 before the BOJ changes interest rates to strengthen...
What an insane session for USDJPY! We know the ExMo is low due to the compression we've seen, but even compared to more normalised figure, what we've seen today has broken all expectations.
There are two questions going forward. The most immediate is the Dollar news we have scheduled for Nov 1st. Those being ADP at 12:15pm London (due to daylight savings)...
Today's focus: USDJPY
Pattern – Ascending Triangle Break (BoJ Intervention?)
Support – 149.28 - 148.43
Resistance – 149.90 - 150.16
Hi, and thanks for checking out today's update. Today, we are looking at the USDJPY on the daily chart.
Speculation continues as to whether we will see intervention from the BoJ as the USDJPY continues to trade above 150....
Overview
USDJPY is nearing the 150 handle again. The Bank of Japan (BOJ) may intervene, creating lucrative JPY buying opportunities.
The Details
The Yen is weakening. The JPY Currency Index ( TVC:JXY ) has the Yen at all-time lows. The last time the Yen was this weak was in September and October 2022; the BOJ intervened in the FX markets to strengthen the...
The USDJPY crept over the 150 price level before crashing down almost 300 pips to retest the 22nd September swing low and 61.8% Fibonacci retracement level at the 147.40 price level.
Eventually, the price settled along the 149 price level and back within the bullish channel.
The 150 price level is significant as it was likely the BoJ's price level for an...
Bearish GBPJPY as Japan's key economic ministers warn of currency intervention
Japan's key economic ministers have warned of currency market intervention, keeping investors wary of a further sell-off in the yen and weighing on the GBPJPY exchange rate.
The yen has weakened sharply against the dollar in recent months, hitting its weakest level in nearly a year...
JPY continues to be sold. USDJPY is nearing the previous intervention area of 148-151. The BOJ needs to do something. They are starting to feel the squeeze.
Today, the bomb started to tick. The BOJ has suggested they will do all possible to strengthen the Yen. They have two significant weapons: intervention and interest rates.
Intervention - This will bring an...
