ECONOMICS:JPIRYY (March/2024)
The annual inflation rate in Japan ticked lower to 2.7% in March 2024 from February's 3-month peak of 2.8%, matching market consensus.
There were slowdowns in prices of transport (2.9% vs 3.0% in February), clothes (2.0% vs 2.6%), furniture & household utensils (3.2% vs 5.1%), healthcare (1.5% vs 1.8%), communication (0.2% vs 1.4%),...
as we can see in chart of JPYUSD a good symmetrical triangle is been formed and have broke... have broken on the upper side of the triangle so we can been on buy side with stoploss of 146.50 and tgts of 157.50 & 165.75
also we have some of the data incoming so volatility would be at peek
Jerome Powell lied to say he raised rates due to "Inflation", this was a great cover however he clearly saw the USDJPY crisis coming like I saw from last year.
(Inverted Charts)
The DXY Rising + the USDJPY rising will unwind the carry trade that will sell off the majority of people holding US bonds via Japan. This will force the FED to initiate YCC...
The targets set for the Yen on February 19th have almost been reached.
The uptrend still has a small potential to reach target number 2, but after that the Yen's downtrend will most likely continue.
This is supported by COT reports and activity in option portfolios, which were formed on February 29 (at the local minimum) on the CME exchange.
The prices of...
hello guys i hope you are having a good week ,
today i am looking at USDJPY
this weekly candle on usdjpy closes as a hammer looking like candle indicating buy.
for the daily tf the price started consolidating for a while now (accumulation) , since friday candle closed as inverted hammer am guessing monday we are going to see a red candle possible the candlle...
Simple trading - 2 NEW BULLISH PATTERNS
The buy is active! The long wait may be over. I am looking to gain a 200+pip Long on GBPJPY.
BULLISH CONFIRMATIONS
1. Daily Cup and Handle (see previous charts)
2. 1hr Heads and shoulder
3. Fibb 3.82 rejection
4. Triangle break out
*I would usually wait for a solid break and retest. However with a simple setup like...
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...
Gbps do you take the trait on GB USD is a huge huge CPI trade it's a nice treat reviews on its pic nicely movie I search this type of and I get multiple times but when I put a too much lots price rewards to stops I did not like that
Hey Traders!
Got a bit of a challenging one for us today. The market's been on a steep downtrend, but recently, it showed signs of upward movement after the release of somewhat positive PMI news for the dollar.
Despite these dynamics, I'm sensing a potential drop of 60-100 pips. The currency is hovering around a monthly pivot line, and the 200-day moving average...
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...
USD/JPY continues its downward trend for the second consecutive session, trading below the 141.30 level during the Asian hours on Thursday. Improved trade data from Japan in November has exerted pressure on the currency pair. However, less optimistic remarks from Bank of Japan Governor Kazuo Ueda may weigh on the Japanese Yen.
From a technical standpoint, the...
Spring backtest of local level.
We have gone long to the two targets, the stop loss can be a little looser, but price action below the level would be bearish.
This set up would be stronger if the backtest happened at a key historical level, however it is still strong enough for this move. 4h convergence on both oscillators and the daily MaCD is also about to...
The Japanese Yen (JPY) faced a decline after softer domestic consumer inflation data, raising uncertainties about the Bank of Japan's (BoJ) potential policy tightening. BoJ's October meeting minutes revealed a consensus to maintain the accommodative policy, contributing to JPY weakness. The USD/JPY pair saw a modest recovery from weekly lows, supported by the...
From a technical standpoint, spot prices indicate a potential rebound below the 142.00 level, seemingly breaking the two-day downtrend. This suggests that the overnight break back below the 200-day Simple Moving Average (SMA) is crucial support for bearish traders. Furthermore, oscillators on the daily chart remain firmly in negative territory, indicating minimal...
Financial Analysis: Bitcoin ( BITSTAMP:BTCUSD ) - December 19, 2023
Disclaimer: This analysis is based on publicly available information as of the provided date and is subject to change. It should not be considered as financial advice. Readers are encouraged to conduct their own research before making investment decisions.
Market Overview
In our latest...
The Japanese Yen regained positive momentum in the Asian trading session on Tuesday. USD/JPY partially eroded some of the strong recovery seen in the past two days. Investors are awaiting the US Consumer Price Index (CPI) for fresh impetus ahead of the FOMC meeting on Wednesday.
From a technical standpoint, USD/JPY showed a certain degree of recovery last week at...
