USDJPY: 150 INTERVENTION ZONE BATTLE! BoJ vs Bulls 🚀 USDJPY: 150 INTERVENTION ZONE BATTLE! BoJ vs Bulls 📊
Current Price: 149.521 | Date: Sept 27, 2025 ⏰
📈 INTRADAY TRADING SETUPS (Next 5 Days)
🎯 BULLISH SCENARIO
Entry Zone: 149.20 - 149.60 📍
Stop Loss: 148.80 🛑
Target 1: 150.20 🎯
Target 2: 150.80 🚀
🎯 BEARISH SCENARIO
Entry Zone: 149.80 - 150.20 📍
Stop Loss: 150.50 🛑
Target 1: 148.50 🎯
Target 2: 147.80 📉
🔍 TECHNICAL ANALYSIS BREAKDOWN
📊 KEY INDICATORS STATUS:
RSI (14): 68.7 ⚡ Overbought Territory
Bollinger Bands: Upper Band Rejection 🔥
VWAP: 149.30 - Critical Support 💪
EMA 20: 148.90 ✅ Bullish Trend Intact
Volume: Intervention Fears Rising 📊
🌊 WAVE ANALYSIS:
Elliott Wave: Wave 5 Extension Risk 🌊
Fibonacci Target: 150.50 Danger Zone 🎯
🔄 HARMONIC PATTERNS:
Bearish Bat Forming at 150.00 ✨
ABCD Completion Warning 🔄
⚖️ SWING TRADING OUTLOOK (1-4 Weeks)
🚀 BULLISH TARGETS:
Intervention Zone: 150.00-150.50 🏆
Extended Target: 151.00 🌙
Gann Resistance: 150.25 ⭐
📉 BEARISH INVALIDATION:
Weekly Support: 148.00 ⚠️
Critical Break: 147.00 🚨
🎭 MARKET STRUCTURE:
Trend: Parabolic Extension 💪
Momentum: Intervention Risk 🔥
Wyckoff Phase: Distribution Risk 📈
Ichimoku: Overbought Signals 🟡
🏛️ CENTRAL BANK DYNAMICS:
BoJ Intervention: 150 Trigger Level 🚨
Verbal Warnings: Intensifying 📢
USD Strength: Fed Policy Support 💵
Rate Differential: Widening 📊
⚡ RISK MANAGEMENT:
Max Risk per Trade: 40 pips 🛡️
R:R Ratio: Conservative 1:1.5 ⚖️
Intervention Alert: Above 149.80 📏
🌍 FUNDAMENTAL CATALYSTS:
Fed Hawkishness vs BoJ Dovish 🏦
US Yields Supporting USD 📈
Japan CPI Remaining Low 📊
Tokyo Session High Volatility 🗾
🔥 INTERVENTION WATCH:
BoJ Trigger: 150.00 Level 💥
Historical Pattern: Verbal → Action 📉
Risk/Reward: Deteriorating 📉
⚠️ DANGER ZONE LEVELS:
Intervention Risk: 149.80+ 🚨
Support: 149.00 | 148.50 | 148.00 🛡️
Resistance: 150.00 | 150.50 | 151.00 🚧
🎯 FINAL VERDICT:
USDJPY at CRITICAL 150 BATTLE! 🚀
BoJ intervention risk MAXIMUM! ⚠️
Bulls vs Central Bank showdown! ⚔️
Trade Management: Reduce size near 150! 💰
Alert Level: 149.80 intervention warning! 🚨
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⚠️ Disclaimer: High intervention risk. Use tight stops. Educational analysis only.
For individuals seeking to enhance their trading abilities based on the analyses provided, I recommend exploring the mentoring program offered by Shunya Trade. (Website: shunya dot trade)
I would appreciate your feedback on this analysis, as it will serve as a valuable resource for future endeavors.
Sincerely,
Shunya.Trade
Website: shunya dot trade
🔔 Follow BoJ Intervention Alerts | 💬 Share Your 150 Strategy
Yen
GBP/JPY Outlook and Elliott Wave AnalysisThe GBP/JPY currency pair is currently trading near critical levels. The Bank of England (BoE) keeps its policy rate steady at 4.00%, providing limited near-term support for the Pound. In contrast, the Bank of Japan (BoJ) maintains rates at 0.50%, but signals of potential future tightening could strengthen the Japanese Yen. This divergence creates downside pressure on GBP/JPY.
From a technical standpoint, according to the Elliott Wave Theory, the GBP/JPY pair has likely completed the final wave C of an ABC corrective structure in a diagonal pattern. This pattern suggests the Japanese Yen could gain short-term strength against the Pound, with the pair potentially pulling back towards 198.00 by 1 October.
In the short term, GBP/JPY may continue to show choppy but downward-biased moves. However, the upcoming 1 October data releases and the BoJ’s policy stance will be crucial. If the Bank of Japan refrains from action, the Pound could regain momentum and drive GBP/JPY higher towards the 201.00 resistance area.
EUR/JPY Bulls Eye breakoutThe euro was the second strongest FX major on Tuesday thanks to a stronger-than-expected ZEW report. it took second place to the Swiss franc, where USD/CHF fell to a 10-year low. Though the weaker yen environment also saw EUR/JPY outperform, and it now appears to be on the cusp of a bullish breakout.
It has a well-established bullish trend on the daily chart, and unless we see a surprise surge of bearish volatility arrive soon, dips could remain favourable for bulls.
The bias is for a move to the 2024 high (4) while prices remain above the handle.
Matt Simpson, Market Analyst at City Index and Forex.com (part of StoneX)
Breakout with a Catch: The Yen May Dip Before Lifting Off AgainThe Japanese Yen Futures (6J) have just pierced above a critical neckline at 0.0068220, completing an Inverted Head and Shoulders formation. This classical reversal pattern often signals a potential shift in momentum from bearish to bullish. Based on technical projections, the measured move points toward a target near 0.0070430, which lies significantly higher from current price levels.
Yet, there’s a catch. The Stochastic Oscillator has entered overbought territory, hinting that before the next upward leg develops, a retracement could occur. This makes the current setup particularly interesting, as the neckline breakout is bullish, but timing entries becomes crucial to avoid getting caught in a short-term dip.
Understanding the Inverted Head & Shoulders
The Inverted Head and Shoulders is one of the most recognized reversal patterns in technical analysis. It typically forms after a prolonged decline and suggests that bearish momentum is losing steam.
The structure consists of three parts:
Left Shoulder: the first swing low, followed by a rebound
Head: a deeper low, which marks the exhaustion of sellers
Right Shoulder: a higher low, indicating buyers are stepping in earlier
Neckline: the resistance level connecting the highs of the shoulders, acting as the trigger point
Once price pierces above the neckline, the pattern is considered complete. Traders often project the distance from the head to the neckline and extend it upward to identify a potential price objective. In this case, the neckline break projects a target near 0.0070430.
The reliability of this formation lies in its ability to signal a shift in trend sentiment. While no pattern is flawless, the inverted H&S is widely respected for its potential consistency.
The Role of Stochastic in This Setup
While the breakout above the neckline looks promising, momentum indicators suggest caution. The Stochastic Oscillator, a tool designed to measure overbought and oversold conditions, is currently flashing an overbought reading.
This does not necessarily mean that prices must reverse, but it does imply that the bullish move could pause or correct before resuming. In practical terms, traders might expect a short-term retracement as buying pressure temporarily exhausts itself.
Such pullbacks can be constructive within a broader bullish setup, especially if they occur near significant areas of support. By aligning the breakout pattern with Stochastic signals, traders can time their entries with more precision instead of chasing the market at stretched levels.
Support Zone & Safety Net
One of the strongest features of this setup is the presence of a relevant support area just below the neckline breakout level. This zone, also reinforced by a previously identified UFO support, could serve as a launching pad if prices retrace lower in the short term.
If 6J dips back toward the neckline, traders will be watching whether this level holds. A bounce from here would not only validate the breakout but also offer an attractive risk-to-reward setup. To manage downside exposure, a protective stop can be placed at 0.0067350, positioned below this key support zone.
This structure creates a layered safety net: first the neckline, then the underlying support, and finally the stop loss—offering multiple defenses against unfavorable moves before the bullish scenario invalidates.
Contract Specs & Margins (6J & MJY)
CME offers both the standard Japanese Yen Futures (6J) and the smaller-sized Micro JPY/USD Futures (MJY), giving traders flexibility depending on capital requirements and position sizing needs.
🟢 6J – Japanese Yen Futures
Contract size: ¥12,500,000
Minimum tick: 0.0000005 = $6.25
Initial margin: ≈ $3,100 (subject to CME updates)
🟢 MJY – Micro JPY/USD Futures
Contract size: ¥1,250,000 (1/10th of standard)
Minimum tick: 0.000001 = $1.25
Initial margin: ≈ $310 (subject to CME updates)
The Micro contracts replicate the price behavior of the standard Yen futures at a fraction of the size. This makes them attractive for traders who want to fine-tune risk exposure, scale in or out more precisely, or manage positions with smaller capital outlays.
Trade Plan Example
A structured trade idea can help frame the opportunity while managing risk effectively:
Direction: Long
Entry: Near 0.0068220 (neckline breakout level), or after a retracement toward support
Stop: 0.0067350 (below the support zone)
Target: 0.0070430 (measured objective from the inverted H&S)
Reward-to-Risk Calculation:
Potential reward = 0.0070430 – 0.0068220 = 0.0002210
Potential risk = 0.0068220 – 0.0067350 = 0.0000870
Approximate ratio = 2.5 : 1
This ratio is favorable, suggesting that the upside potential outweighs the defined downside exposure. Traders considering this setup may prefer to wait for a retracement toward support, which could enhance entry quality and improve the reward-to-risk profile even further.
The Importance of Risk Management
Even the most compelling technical setups require disciplined risk management. Using stop-loss orders is essential to protect capital against unexpected market swings, particularly in leveraged products like futures.
Position sizing is another key element—adjusting contract size to account size ensures that a single trade does not overexpose the portfolio. Micro contracts, such as MJY, are especially useful for traders looking to scale positions with precision.
Equally important is the principle of avoiding undefined risk. Every trade should have a clearly defined exit strategy, both for profits and losses. By knowing where to enter, where to exit, and where to cut losses, traders reduce emotional decision-making and maintain consistency.
Finally, patience plays a role. Waiting for a retracement into support rather than chasing a stretched market often improves entry quality, lowers risk, and increases the probability of success.
Conclusion
Japanese Yen Futures are showing signs of a potential trend shift as the inverted head and shoulders formation breaks above its neckline. The measured move points toward higher ground, but the overbought Stochastic warns that the path may not be in a straight line. A temporary dip into support could provide a second chance for bulls to position themselves with a favorable risk-to-reward profile.
By combining pattern recognition, momentum analysis, and precise trade planning, this setup highlights how technical structure and disciplined execution can align to create opportunity. Whether trading the standard 6J contract or the smaller MJY, the key remains the same: respect risk, trust the setup, and let the market confirm the move.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
Fundamental Market Analysis for September 10, 2025 USDJPYThe Japanese yen (JPY) is fluctuating within a narrow trading range against the US dollar during Wednesday's Asian session amid mixed fundamental signals. Expectations that domestic political uncertainty could give the Bank of Japan (BoJ) more reason to slow down interest rate hikes, coupled with optimistic market sentiment, are undermining the yen's position as a safe-haven currency. In addition, the overnight recovery of the US dollar (USD) on Tuesday helped the USD/JPY pair recover from its daily decline and return closer to its August low.
However, yen bears seem reluctant to make aggressive bets amid a growing understanding that the Bank of Japan will stick to its policy normalization course. On the contrary, the US Federal Reserve (Fed) is expected to resume its cycle of rate cuts next week, which could hinder the growth of the US dollar. In addition, diverging expectations regarding the policies of the Bank of Japan and the Fed could play into the hands of the lower-yielding Japanese yen and help limit the upside for the USD/JPY pair. Traders may also prefer to refrain from action ahead of Wednesday's US producer price index (PPI) release.
Trade recommendation: SELL 147.20, SL 147.65, TP 146.00
Yen Pairs Falter at Technical Junctures Several yen pairs have stalled around resistance levels, despite solid rallies into them. But whether this could indicate the beginning of a deep pullback or eventual bullish breakout likely hinges on whether incoming data points towards a hard or soft landing in the US. Today I look out EUR/JPY, GBP/JPY, CHF/JPY and CAD/JPY crosses, and update analysis on USD/JPY.
Matt Simpson, market Analyst at City Index
GBP/JPY, EUR/JPY Bulls Eye Breakout, USD/JPY RangingLooking at market positioning, I outline why I think futures traders are anticipating a stronger Japanese yen in the coming weeks. Though as you'll see on the daily charts, momentum is currently against yen bulls with USD/JPY lifting from its range lows and both EUR/JPY and GBP/JPY eyeing bullish breakouts.
Matt Simpson, Market Analyst at City Index and Forex.com
Short on GBPJPY - Signals for U-turnLong-term target based on the latest BoJ interest rate hike and signs of a positive outlook for Japan's economy. Technically the pair is scraping around .618 FIBO level which is 195ish - there's still some room to hit the level.
1st target = 170 (0.382 FIB)
2nd target = 160 (156-157 - resistance/support of the past price action).
Can Yen Futures Push Higher? Inverted H&S Breakout in Focus1. Introduction
Japanese Yen Futures (6J) and Micro Yen Futures (MJY) are showing a promising technical setup that traders are watching closely. On the daily chart, an inverted Head and Shoulders pattern has formed, suggesting a potential reversal from recent weakness. The neckline lies around 0.006850, and if prices sustain a breakout above this level, the upside projection aligns neatly with a UFO resistance zone near 0.007100.
Adding weight to this bullish case, the MACD histogram is diverging positively, with higher lows forming while price action recorded lower lows. This bullish divergence suggests underlying momentum could support the completion of the pattern and drive Yen Futures higher in the sessions ahead.
2. Understanding the Inverted Head & Shoulders Pattern
The inverted Head & Shoulders (H&S) is a widely recognized reversal formation that often signals the end of a bearish trend. It is composed of three troughs: the left shoulder, the head (the deepest low), and the right shoulder, which is typically shallower. The neckline acts as the key breakout level, and once broken, the projected price target is measured from the head to the neckline, then projected upward.
In the case of Japanese Yen Futures, the neckline sits around 0.006850. A confirmed break above this price would validate the pattern, projecting a target toward 0.007100.
3. The Role of MACD Divergence
Momentum indicators could provide early clues about the strength of a potential breakout. In this case, the MACD histogram is showing bullish divergence—price made lower lows, while the histogram made higher lows. This divergence signals that selling pressure may be weakening, even as price was still falling.
Such conditions could potentially precede significant reversals, and when they align with a clear price pattern like the inverted Head & Shoulders, the probability of follow-through may increase. Traders monitoring this confluence will be looking at the neckline breakout above 0.006850 as the technical trigger that confirms it.
4. Contract Specs: Yen Futures vs. Micro Yen Futures
Understanding contract specifications helps traders size positions correctly and manage risk efficiently.
o Japanese Yen Futures (6J)
Contract Unit: ¥12,500,000
Minimum Tick: 0.0000005 per JPY = $6.25 per contract
Initial Margin (approximate, subject to change): ~$3,100
Popular with institutional traders due to larger notional exposure.
o Micro JPY/USD Futures (MJY)
Contract Unit: ¥1,250,000 (1/10th of standard 6J contract)
Minimum Tick: 0.000001 per JPY = $1.25 per contract
Initial Margin (approximate, subject to change): ~$310
Provides accessibility for retail traders and allows more granular risk management.
Both contracts track the same underlying, but the Micro contract offers flexibility for traders with smaller accounts or those looking to fine-tune position sizes.
5. Trade Plan & Stop Loss Options
With the inverted Head & Shoulders pattern taking shape, the trade bias turns long above the neckline breakout at 0.006850. The upside objective aligns with the resistance around 0.007100, providing a clearly defined target.
Two possible stop-loss placements can be considered:
o Below the Right Shoulder
Provides a valid protection but may offer a weaker Reward-to-Risk (R:R) ratio depending on the right shoulder height.
Useful for conservative traders looking to minimize drawdowns.
o Mathematically Below the Neckline
Positioned far enough to allow for retests of the neckline while aiming for a 3:1 R:R ratio.
Provides a balance between protection and potential profitability.
This approach ensures flexibility, letting traders choose between tighter risk control or a more favorable reward profile.
6. Risk Management Considerations
No pattern or indicator guarantees success, making risk management the cornerstone of any futures strategy. A few key principles stand out:
Always use a stop loss: Prevents small losses from escalating into significant drawdowns.
Avoid undefined risk exposure: Futures are leveraged products; unprotected trades can lead to large, rapid losses.
Precision in entries and exits: Reduces emotional decision-making and improves consistency.
Position sizing matters: Adjusting the number of contracts ensures risk stays proportional to account size.
Diversification and hedging: Yen futures can be used as a hedge against equity or bond market volatility, but should not necessarily replace broader risk controls.
In this context, choosing the stop-loss level carefully and sticking to the pre-defined trade plan is more important than the pattern itself.
7. Conclusion & Forward View
Japanese Yen Futures (6J) and Micro JPY/USD Futures (MJY) are at a critical juncture. The inverted Head & Shoulders on the daily chart, supported by a bullish MACD divergence, highlights a potential reversal in progress. A breakout above the neckline at 0.006850 opens the door for an advance toward the 0.007100 UFO resistance zone.
While the setup looks constructive, it is crucial to recognize that even strong patterns can fail. This is why risk management—through proper stop-loss placement and careful position sizing—remains the most important aspect of any trading plan.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
Market Analysis: USD/JPY Aims Fresh SurgeMarket Analysis: USD/JPY Aims Fresh Surge
USD/JPY is rising and might gain pace above 148.20.
Important Takeaways for USD/JPY Analysis Today
- USD/JPY climbed higher above the 147.00 and 147.40 levels.
- There is a major bearish trend line forming with resistance at 147.70 on the hourly chart.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started a fresh upward move from 146.20. The US Dollar gained bullish momentum above 146.50 against the Japanese Yen.
It even cleared the 50-hour simple moving average and 147.50. The pair climbed above 148.00 and traded as high as 148.10. It’s now consolidating gains above the 50% Fib retracement level of the upward move from the 146.73 swing low to the 148.10 high.
The current price action above 147.40 is positive. Immediate resistance on the USD/JPY chart is near a bearish trend line at 147.70 and the 50-hour simple moving average.
The first key hurdle is near 147.95. If there is a close above 147.95 and the RSI moves above 50, the pair could rise toward 148.10. The next major stop for the bulls could be 148.50, above which the pair could test 150.00 in the coming days.
On the downside, the first major support is 147.40. The next area of interest for buyers could be near the 76.4% Fib retracement at 147.05.
If there is a close below 147.05, the pair could decline steadily. In the stated case, the pair might drop toward 146.20. Any more losses might open the doors for a drop to 145.00.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Fundamental Market Analysis for August 20, 2025 USDJPYThe Japanese yen (JPY) recovered from a slight decline during the Asian session caused by mixed domestic data and on Wednesday showed positive dynamics for the second day in a row against the strengthening US dollar (USD). A government report showed that core orders for machinery and equipment in Japan unexpectedly rose in June. However, this was offset by a decline in Japanese exports in July for the third consecutive month, raising concerns about the outlook for the export-dependent economy. This added to uncertainty about the likely timing of the next interest rate hike by the Bank of Japan (BoJ) and triggered some intraday selling of the Japanese yen.
On the other hand, the US dollar is attracting some follow-up buying for the third day in a row amid a decline in the likelihood of more aggressive easing by the Federal Reserve (Fed). This is proving to be another factor providing some support for the USD/JPY pair. Nevertheless, traders still consider it more likely that the Fed will resume its cycle of rate cuts in September. In contrast, the Bank of Japan is expected to stick to its policy normalization course and raise interest rates before the end of the year. This, in turn, could limit the US dollar's gains and help contain deeper losses for the lower-yielding Japanese yen ahead of the FOMC minutes release.
Trade recommendation: SELL 147.10, SL 148.00, TP 146.20
Nikkei 225 & USD/JPY AnalysisThe Nikkei 225 has reached new all-time highs (almost reaching 44,000), driven by strong domestic economic indicators and robust corporate earnings.
The yen has strengthened against the US dollar, influenced by
1) speculation over the timing of a rate cut from the FOMC, and
2) the Bank of Japan's hawkish stance and expectations of interest rate hikes.
(narrowing of monetary policy between the two countries)
Historically, a weaker yen (rising USD/JPY - thin blue line) has been beneficial for Japanese exporters, leading to increased corporate earnings and, consequently, a rising Nikkei 225.
But, at times, this inverse relationship has shown signs of divergence.
The current divergence between the USDJPY and the Nikkei 225 suggests that the Nikkei 225 is increasingly driven by domestic economic factors rather than the traditional USD/JPY correlation.
In the short term, the Nikkei 225 may continue its upward momentum, supported by strong economic fundamentals and investor confidence.
With the price breaking out and staying above the upward channel, climbing toward the 45,000 price level.
Medium-Term Risks: Potential geopolitical tensions and shifts in global economic conditions could introduce volatility in the medium term. This could lead to a retracement down to 42,000 before trading higher again.
While the traditional correlation has weakened, ongoing monitoring of USD/JPY movements remains essential, as significant fluctuations could still impact investor sentiment.
The NIKKEI 225 reached a new high on strong Japanese Q2 GDP
Japanese equities extended their rally last week, supported by strong economic data and expectations of Fed rate cuts. Notably, Japan’s Q2 GDP exceeded consensus, helping propel the market to fresh highs. GDP grew 1.0% YoY (prev. 0.6%, cons. 0.4%), easing recession fears despite lingering uncertainty over Japan-US tariff negotiations throughout the quarter. The achievement drew particular market attention, given the challenging trade backdrop.
Meanwhile, US Treasury Secretary Bessent sparked controversy by openly pressuring the BoJ to tighten policy, citing Japan’s inflation as a severe problem. Markets cautioned that if such remarks were to influence actual policy action, investors could view a BoJ rate hike as politically driven, complicating its execution.
NIKKEI 225 breached above the ascending channel’s upper bound and set a new high. The widening gap between both EMAs suggests the potential extension of bullish momentum. If NIKKEI 225 holds above the channel’s upper bound, the index may test the resistance at 44000. Conversely, if NIKKEI 225 reenters the channel and breaks below the support at 42115, the index could retreat toward the next support at 40800.
Expectation of Fed rate cut and BoJ rate hike dampen the USDJPYDue to the recent softer US CPI print and weakening labor market data since the start of the month, market expectations for a Fed rate cut have increased. According to the CME FedWatch Tool, markets are pricing in three rate cuts for this year, with the earliest likely to occur in September.
Meanwhile, in Japan, inflation has also eased, while concerns about US demand have diminished. Japan's 2Q GDP is expected to rebound to 0.4%, avoiding a technical recession. As a result, markets anticipate the BoJ may hike rates further, which would lend additional support to the yen against the US dollar.
Technically, USDJPY has formed a downtrend, characterized by lower swing low and a bearish extension of its EMAs. If USDJPY falls below the 146 support level, the currency pair could test the next support at 145. Conversely, if USD/JPY recovers above both the 21 and 78 EMAs, the price may surge toward the resistance at 149.00.
By Van Ha Trinh - Financial Market Analyst at Exness.
AUDJPY Strategy That Outsmarts the Noise: Entry & Target Ready!Hey friends 👋
I’ve prepared an analysis for the AUDJPY pair. If the price reaches the 96.201 - 96.169 zone, I’ll be looking to open a buy position from that level.
My target will be set at 96.524.
Every single like you send is a huge source of motivation for me to keep sharing these analyses. Big thanks to everyone who supports with a like 🙏
USD/JPY, CAD/JPY, CAD/JPY Technical OutlookSome interesting setups are forming on the daily charts of USD/JPY, CAD/JPY and CHF/JPY. Keep in mind that USD/JPY will be more sensitive to the incoming US inflation report, which leaves the potential for some divergences to form among the Japanese yen pairs. Overall, my bias is for them to move lower in due course.
Matt Simpson, Market Analyst and City Index and Forex.com
Volatile Times for GBPJPY: What’s Going On Behind the Moves?Good morning, Guys,
I’m anticipating a new short opportunity on GBPJPY once the pair reaches my sell zone level. From there, my target is set at 197.934.
Every like from you is what truly motivates me to keep sharing these insights.
Massive thanks to everyone who shows love and support!
ujThe dollar index (DXY00) on Monday added to last Friday’s losses and fell by -0.38%. The dollar moved lower Monday on negative carryover from last Friday’s weaker-than-expected US payroll and ISM manufacturing reports, which sent T-note yields lower and bolstered speculation that the Fed may cut interest rates as soon as next month.