Hello fellow traders! USDJPY has retested and respected a possible key level Checklist: ✔FORMED STCUCTURE AT KEY LEVEL ✔RSI AT 51 ✔SUPERTREND IS BUILDING BUYING POWER ✔FIB RETRACEMENT HAS SO FAR RESPECTED 38.20% TARGET 1 - 300 PIP ANALYSIS TARGET 2 - 250 PIP ANALYSIS GOOD LUCK 🍀🍀🍀!!!
EURJPY get rejected by the resistance zone at the 158.500 level and closed red for the day. ----- I have a feeling it is going to break out the upcoming week and make new highs. ----- We might see some kind of small pullback before EURJPY blasts trough this zone. ----- Will be looking for long positions when this happens. ----- Let me know what you think!
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
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...
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...
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...
The Japanese Yen has surrendered recent gains against the US Dollar amidst speculation of a Fed rate cut in March and a shift in the Bank of Japan's (BoJ) policies. Despite a day-end recovery, USD/JPY experiences one of its worst trading days in over a year, dropping below 142.00 and closing just above 144.00. Despite the intraday recovery, USD/JPY had one of its...
The Japanese Yen extended its robust upward momentum against the US Dollar on Friday and kicked off the new week with a positive sign, pulling the USD/JPY pair to a nearly three-week low around the 146.25-146.20 range during the Asian trading session. The US Dollar is attempting to recover from its lowest point in two and a half months at 146.65, supported by a...
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 regains positive momentum, partially reversing significant losses from the previous day, returning to the 150.15 zone, the week's lowest level. Intraday buying activity intensified after Japan's GDP print fell below expectations, pushing the spot price to new daily highs. The USD/JPY exchange rate fluctuates around 151.70 during the Asian trading...
USD/JPY rebounds from recent losses observed in the previous session following weaker-than-expected US inflation data. However, the pair trades slightly higher around 150.60 in Asian trading on Wednesday. The USD/JPY exchange rate fluctuates around 151.70 in Tuesday's Asian session. The pair holds near yearly highs and has the potential to surpass these levels if...
Not cuz Aud is nice, JPY just gettin dusted Just like how CHF dusted it last year Buys w/lvrg.
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...
The Japanese yen faced rapid depreciation today, approaching levels not seen in 33 years, following signals from Federal Reserve Chairman Jerome Powell that interest rate hikes may continue amid concerns about persistent inflation. The yen traded at 151.44 against the US dollar, showing a slight 0.06% increase from the previous session. On Thursday, Powell...
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...