After huge bearish move in the last weeks, USDJPY had big bull run and made a reversal pattern in the bottom.
Now, bull has chance to make money again.
Trade safe.
Good luck.
Following the pullback last week after a massive bearish momentum, I anticipate that the momentum will continue, as the price rebounded to the 0.236 fib level at . My target will be to retest the 0.382 fib level at 90.6, so as to also cover the liquidity grab / gap that was left earlier on.
Entry will be at 96.00, TP at 90.5 and SL at 97.5.
Shinichi Uchida, Deputy Governor of the Bank of Japan (BOJ), says the bank won’t hike interest rates when markets are unstable, delivering a clear message on what traders need to do to prevent them doing so again: create volatility.
It’s an amazing statement, signalling the BOJ can and will be bullied by markets to avoid doing what is right for the Japanese...
The Japanese Yen (JPY) has been a story of woe in 2024, weakening considerably against the US Dollar (USD) due to a widening interest rate gap between the two countries. However, a recent shift in sentiment is brewing, with hedge funds reducing their bearish bets on the Yen in a significant move.
Hedge Funds Cut Short Bets on Yen in Historic Move
According to...
The recent dramatic rise of the Japanese yen has sent ripples through the financial world. Three sharp surges – on July 11th, 12th, and 17th – have fueled speculation that the Bank of Japan (BoJ) is once again intervening in currency markets. These interventions have resulted in a 4% appreciation of the yen against the US dollar, bringing it to ¥156 per dollar....
I am writing to bring to your immediate attention a critical development in the forex market that could present a significant trading opportunity.
As many of you are aware, the recent slide in the Japanese yen has been a point of concern. This depreciation has heightened the probability of Japan intervening in the market once more to stabilize its currency....
👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in EURJPY for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your...
Trade of trades, I opened a position on Friday, but you're still on time. I'm warning you, you need to be very patient for this and have a unique personality. I'll try to handle it, I already put in my mind that it could take weeks until the break out and no matter what happens I'm holding. I recommend to open a small position and add at every drop or whenever you...
Simple design with projected potential support/resistance level which can be traded in both reversal setups of breakouts after consolidation if relevant price action, patterns, signals, setups, occur at them.
For example: if a correction occurs towards the red where the price signals a potential turnaround, and after a climb towards the green and a descent...
👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPJPY for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your...
For years now Yen has been weak and USDJPY Rose 11% in the last 5 months meaning the trend is bullish . FX:USDJPY Peaked at 160 area last month then we saw some selling pressure which drove the rate to 152 zone {Last year high}
Price rejection since this month open from 158 means we have some selling pressure, Today after US GDP QoQ2 release USDJPY Dropped 900...
The Japanese Yen has been on a rollercoaster ride recently, weakening against the US dollar. This has sparked concerns in Japan, but the government has remained tight-lipped on whether they've intervened to prop up the currency. This silence, some argue, is a strategic necessity in the face of a more dominant player: the US Federal Reserve.
Traditionally,...
The Bank of Japan (BOJ) finds itself caught in a precarious situation as it grapples with defending the weakening Japanese Yen (JPY). With global inflation on the rise and other central banks tightening monetary policy, the BOJ faces a difficult choice: intervene in the currency market or stick to its ultra-accommodative stance.
The Yen's depreciation stems from...
OANDA:CADJPY
The pair is immensely overbought, and amidst significant divergence, a new HIGH is being formed and the support is about to give way. This is the point from which the pair will begin its demise (in my opinion, of course), which will be largely fueled by the Yen. The trade is moderately risky as we have no means of knowing when and how the BoJ will...
Hedge funds are betting big against the Japanese yen, driving short positions to their highest level since April 2022. This aggressive stance comes despite warnings from the Bank of Japan (BOJ) that it will intervene in the currency market again to defend the yen if necessary.
The data, compiled by the Commodity Futures Trading Commission (CFTC), shows a surge in...
Anxiety hangs heavy over the yen market. With the Japanese currency hovering near a 34-year low against the U.S. dollar, traders are wary of potential intervention from Japanese authorities. This comes as Finance Minister Shunichi Suzuki reiterated the government's concerns about the rapid depreciation of the yen.
The Yen's Slide: A Perfect Storm
The yen's...
The Japanese Yen finds itself in a precarious position, facing the strongest selling pressure in 17 years. Net yen shorts, a measure of bearish bets, have skyrocketed to their highest level since January 2007 . This relentless shorting comes as the Yen precariously approaches a key psychological barrier: 152 Yen per US Dollar.
A Perfect Storm for the Yen...
The yen has appreciated recently after the Bank of Japan intervened in the currency market. This is a significant development with potential implications for the foreign exchange market.
Considering Going Long on JPY?
A stronger yen could be an attractive opportunity for traders looking to go long on the currency. However, it's important to conduct thorough...
