Hello everyone. i want share my idea about Nikkei index. First i want introduce what is that index. Nikkei (Nikkei 225 stock average) is a price-weighted index which composed of Japan top 225 companies which traded on the Tokyo stock exchange. This index was long time almost 2 years in bullish trend but Japan government decide to take care for yen and they are...
The Japanese Yen gains support from anticipated BoJ policy shifts, fostering a safer environment and limiting USD/JPY within lower USD demand. Investor focus on US economic data before FOMC minutes remains crucial. Technically, breaching the 200-day SMA signals a USD/JPY downtrend. Daily chart indicators suggest potential further losses. Any upward movement could...
According 4H JPY start going to sell with 789 - 785 levels. Support level 748.0 and pay more attention when running with 762 - 776
The Japanese Yen continues to exhibit relative strength amid hawkish expectations from the Bank of Japan (BoJ). Bets on a series of Fed interest rate cuts in 2024 are dampening the USD and weighing on USD/JPY. Bearish speculators are becoming cautious, eagerly awaiting the release of the US Personal Consumption Expenditures (PCE) Index data later this Thursday for...
The USD/JPY pair remains under selling pressure for the fourth consecutive day, reaching its lowest point since October 4 during the Asian trading session on Tuesday. However, the spot price has slightly rebounded in the past few hours and is trading around the 148.00 level. USD/JPY continues to trade near its lowest level in six weeks, extending losses to around...
The USD/JPY pair continues to trade positively for the sixth consecutive day during the early Asian trading hours on Monday. The upward movement is supported by higher US Treasury bond yields and hawkish comments from Federal Reserve Chair Jerome Powell. The pair is currently hovering around the 151.70 mark, marking a 0.10% increase for the day. USD/JPY has...
As you may already know, the Japanese Yen has been experiencing a significant drop against the US Dollar due to the Bank of Japan's (BOJ) strategic move of buying bonds to curb the rising yield. This development has created a highly favorable environment for traders looking to long USDJPY and capitalize on this exciting trend. The BOJ's proactive measures to...
Recent developments surrounding the Bank of Japan (BoJ) are under increasing pressure to intervene in the ongoing weakness of the yen. As we stay vigilant in our trading strategies, it is crucial that we pause and carefully consider the potential implications of such intervention. Therefore, I strongly recommend that each one of us exercise caution and reevaluate...
JPYX has been in a descending wedge holding pattern since July of this year and has yet to successfully break out toward the upside. This analysis predicts a pullback from the bear trend up to the Daily 200EMA around 792.0 and if penetrated, to the 807.0 area. Key Points: 1. JPXY is in a descending wedge pattern which is a bullish signal 2. Several bull candles...
JPY showed a quick bout of bull strength on Monday and Tuesday of last week only to fall back down to the bottom of the wedge. That Tuesday bull bar could be the first sign of a reversal. This week, we should be looking for another bounce off of the wedge to confirm a move to the upside. The first target is the 9EMA of the Monthly chart between 784.0 and 785.0,...
looking bullish trend in weekly timeframe bec follow falling wedge
Analysis: Bearish Confluences In a downwards trend Retest of a key level Fakeout of downwards trendline 1K long position increase for the JPY 12K short position decrease for the JPY Bullish Confluences NZD is the 5th strongest major currency whereas the JPY is the 8th strongest major currency 3K short position decrease for the NZD Stay Safe -...
Analysis: Bearish Confluence Factors In a downwards trend Break and retest of a previous area of support for resistance Downwards trendline touch Increase of 2K short positions for the AUD Decrease of 12K short positions for the JPY Bullish Confluence Factors AUD is the 7th strongest major currency where as the JPY is the 8th strongest major...
The BoJ, if anything, made it's "guidance" even murkier (as if that were anyway possible) with it's most recent policy announcements. E.g., let's just say that the Yen, currently residing just below the miner-frog's hind quarters, has a better chance to start working it's way higher than otherwise. Simultaneously, the Mexican Peso, having just completed a couple...
Industry nation Japan vs Argentina! Indact the Football Gods like Messi and Maradonna coming from Argentina,but even they cant help to stabilize the economic structures of this country:42% inflation vs 2%inflationary Japan. Yen is the safe haven currency and it seems it is more trustworthy to the investors. STRATEGY Vullish trailing stop position sizing Trend...
Hello Traders !!! Today, we will delve into the topic of JPY buying, exploring it from both fundamental and technical perspectives. It has come to our attention that many traders, excluding large investors and major players in the Forex market, are perplexed by the significant selling pressure on JPY. The answer to this question is rather straightforward: the Bank...
Fundamentals and technicals pointing towards a strong Long on the JPY pairs Currecny correlations between AUD/JPY, GBP/JPY, EUR/JPY & USD/JPY are all pointing to a reversal soon which further increases the probability of JPY strength and the short to medium term. Let me know your thoughts.
so we can see that JPY has hit the major support area at 835 and starting to bounce before CPI. we should be cautious here for taking longs but over fundamental situation dictates that JPY is starting its rise. SL below -828 tp - 856 entry 835-832 it is continuation of over all flight to safety .... gold then USD and then JPY as risk off safe heavens ....