The USD/JPY pair is showing signs of a cautious market sentiment, with its recovery from the previous day's decline fading around 144.60. This could be attributed to concerns about Japan intervening in the market to protect its currency, as it hovers near its highest levels in eight months. Additionally, fears of a recession signaled by the inversion of US...
USDJPY – What's the intervention threshold? In September of last year, the Bank of Japan (BOJ) made a move in the market to strengthen its currency when it reached 145 against the USD, marking the first such intervention since 1998. This action was taken following the BOJ's decision to maintain an extremely accommodative policy (a policy that is yet to change...
🔘Broke the structure on the 4H timeframe 🔘Broke the structure on the 1H timeframe (confirmation) If we break the market structure up on the hourly timeframe, we we'll go a little higher before drop, but if we break the red level on the 4H timeframe, the analysis becomes invalid🙅♂️
The USDJPY has experienced a depreciation of over 9% against the yen in the current year. Last Friday, the Japanese currency hit a low of 145.07 per dollar in early Asia trade, the lowest it had been in over seven months. However, it stabilized at 144.30 later on Friday following statements from Finance Minister Shunichi Suzuki. Suzuki emphasized that Japan would...
FX:USDJPY daily time price is currently consolidating which means we will have an ' price expansion'. This is strong size that buyers presence is still there in the market even after the 'CPI DATA' came out to be negative. Let's not miss out on this great buying zone. Please Like and Share
USDJPY | H1 | Outlook Looking at the USDJPY we can see that price broke our diagonal support at 144.5xx after successfully closing bellow our diagonal support we saw it push up to our horizontal resistance around 144.720 - 144.890. Now looking to the right we can expect USDJPY to push down to 142.8xx after successfully closing bellow 144.600.
Do not think that the pair is overbought and it will now, look at Japan economy and their policy. Japan will strong but not now. They are doing great work but their currency is weak against the all pairs.
The USD/JPY forex pair is currently on fire, and the low volatility in this trading duo presents us with an incredible opportunity to maximize our profits. This is the perfect time to jump into the action and ride the wave of success! Why should you be thrilled about this news? Well, let me break it down for you: 1. Yen at a 7-Month Low: The Yen has reached...
In this video, we delve into a comprehensive technical analysis of USDJPY, focusing on its bullish and bearish sentiments through price action analysis. Join us as we uncover potential trading opportunities for the upcoming week by identifying key support and resistance levels within the 4-hour timeframe. On Friday, the Japanese Yen experienced a decline after a...
S&P500 futures have recorded slight losses before the market opens as investors are being cautious about the upcoming speech by Federal Reserve (Fed) chair Jerome Powell at the European Central Bank (ECB) forum of Central Banking. Investor sentiment has become more risk-averse as they hope that Powell will continue to express a cautious stance. The US Dollar...
Here is my analysis for USDJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
if you look at the price movement in the past week it looks very slow but the price is still moving bullish, this looks like price compression. usually when something like this happens, in the near future there will be a fairly high price jump. the initial target is still the same, namely in the fibo extension area of 1,618 and it could be that the price jumped...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The Japanese yen experienced a slight decline as the Bank of Japan maintained its ultra-loose policy. However, it managed to recover some of its early losses following the BOJ decision, though it remained close to seven-month lows against the dollar. The BOJ opted to keep interest rates unchanged at record lows and expressed its intention to continue the yield...
During the Asian session on Wednesday, the USD/JPY pair faced selling pressure, causing a partial erosion of the previous day's gains that had exceeded the 144.00 level, reaching a new high since November 2022. The spot price is currently trading around 143.80, down nearly 0.20% for the day, although any significant downward adjustments still seem...
Here is my analysis for USDJPY on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Even if sellers break the immediate support level at 143.20, a two-week uptrend around 142.40 acts as an additional downside filter. Notably, the upward sloping trendline from early May and the 200-SMA, near 140.80 and 139.40 respectively, serve as additional support levels for the bearish USD/JPY before taking control. On the other hand, an eight-week-old...
The USDJPY closed at 143.70. Speaking of its resistance, the area around 144.06 will act as a resistance area. If a candle rejects from this level, you can open a sell position with a stop loss of 40 pips and target the support level at 142.20. I hope we can make a good profit from this trade. Disclaimer: The information provided is for educational and...