The USD/JPY pair has still some room to fall, though a very lucrative entry level for Dollar bulls is just around the corner. Around 152.00, not only a pivotal level and the 55-day Simple Moving Average (SMA) is nearby, but also there is a long-term ascending trend line just beneath to provide support. This makes it the perfect entry level for any US Dollar buyers...
The Japanese yen USDJPY rose 0.6% on Monday, although trading volumes in the currency were limited due to a market holiday in Japan. The rate is inversely linked to the strength of the yen, which has fallen sharply from a 34-year high of more than 160 yen last week amid signs of repeated government intervention in currency markets. But given that the...
The Japanese yen experienced a notable rise on Monday, which analysts interpreted as a potential sign of intervention by Japanese authorities in the foreign exchange market. The move comes after a significant depreciation of the yen, which has fallen nearly 11% against the dollar this year and 35% over the past three decades, recently hitting a 34-year...
Dear Traders, Hope you are doing great, right here we have an excellent opportunity of buying USDJPY, JPY plummeted few days ago as BOJ kept the interest rate as the same and decided not to change. Leading a heavy sell off on YEN. However, price did make strong correction right after the sell off, though we think it was temporary correction. Right now price is at...
USD/JPY broke ascending triangle pattern at the 152.00 Resistance level per my last analysis. Since then, we have seen the completion of the measured move to 154.500 followed by a third leg up to 158.350! Is this the moment to long? Or are we in for a hard sell-off? Previous Analysis: How do we trade this? 🤔 I would not long the market open. After a strong...
Instrument: USD/JPY Pattern Formation: Cup and Handle Current Situation: Near Key Resistance Level Analysis: The USD/JPY currency pair has been exhibiting a compelling technical setup, characterized by the formation of a Cup and Handle pattern near a crucial resistance level. This pattern suggests a potential bullish continuation in the prevailing...
As i shared many times, i expect a drop in the long term for USDJPY. I drawed a clean main trendline that is obviously bullish, but i think we are going to change the trend soon. I expect some fast moves as soon as we start to approach the main trendline
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and...
Due to yen bearish dominance and usd strong bullish momentum USDJPY has reached a record high where it is harder to pin point the bearish reversal. Though we can identify the next swing buying opportunity and that what we did, we have identified possible bullish rebound point. Good luck and trade safe.
The USD/JPY pair attracts some sellers around 154.15 on Friday during the early Asian trading hours. The risk-off mood and rising tension between Israel and Iran boost the safe-haven flows, benefiting the Japanese Yen (JPY). However, the robust US economic data and any hawkish comments from the Federal Reserve (Fed) officials might cap the pair upside in the near...
USD/JPY has been bullish since January 2021 and is currently in an ascending triangle pattern, indicating a potential push through the 152.000 resistance level. Is this the moment to long? How do we trade this? 🤔 We need to wait for a confirmed breakout of 152.000. The probability of a breakout is high, but we need the confirmation of support at 152.000 to...
USD/JPY is sitting at multi-decade highs shy of 154.00 in the European session on Monday. The Japanese Yen continues to be undermined by the BoJ’s uncertain outlook about future rate hikes. Intervention fears and persistent geopolitical tensions could help limit losses for the safe-haven JPY. From a technical perspective, the post-US CPI breakout through a...
The Japanese yen weakened barely on Tuesday, with USDJPY now lower back toward 152 - its maximum stage in view that 1990. The yen`s weak spot comes whilst Japanese officers time and again warn that they'll reply correctly to hypothesis in opposition to the yen. However, promoting momentum piled at the yen, specially withinside the face of better longer-dated US...
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Minutes of the Bank of Japan's financial coverage assembly on January 22 and 23, 2024, complete textual content here: Members agreed that they have got now no longer but reached the level in which the inflation goal may be done sustainably Members proportion the view that the probabilities of attaining 2% inflation are increasing, so if we are able to affirm a...
Multi-Timeframe Technical Analysis for USD/JPY 1. Monthly Time Frame: - Key Observation: Noticeable rejection of the USD/JPY price at a significant support level, indicating potential bullish sentiment or a reversal point. - Additional Note: High liquidity observed at price highs, marked by two equal highs, which could signify resistance zones. 2. Weekly...
The Japanese yen changed into mildly risky on Monday after a risky week amid hypothesis approximately an cease to the BOJ`s yield curve manage and terrible hobby quotes policies. The BOJ started a two-day assembly on Monday, with a choice to be introduced on Tuesday. The USD/JPY change fee has fallen to 146 in line with dollar, specifically after reviews that...
Pair : USDJPY ( U.S Dollar / Japanese Yen ) Description : Completed " 123 " Impulsive Waves RSI - Divergence Break of Structure Fibonacci Level - 261.8% Bullish Channel as an Corrective Pattern in Short Time Frame