WEEKLY FOREX FORECAST: ALL FX MAJORS... Part 1This is Part 1 of the Weekly Forex Forecast.
Part 2 will follow! Look for it!
In this video, we will cover:
USD Index
EUR
GBP
AUD
CAD
NZD
CHF
JPY
Enjoy!
May profits be upon you.
volume spread analysis on JPY indexCME 6J Japanese Yen index is down very significantly for long time
Bank of Japan tell public to day that BOJ already do intervention to protect JPY not to make it drop more than this
Now based on VSA trading analysis
there are 1H candle stick show extremely high volume with small candle body
Extreme volume only indicator in this trade set up is volume
please check 6J weekly volume
this is the highest volume since 2013!
and that is meaningful in technical analysis
confluent with fundamental news that Japan government try to protect JPY currency
also you can backtest on weekly chart that
every
JPY - Futures - 6/5/20241. JPY - Japanese Yen
COT Report: 179,144 net positions as of 04/23/24 - Yearly High
Fundamentals:
Japanese Central Bank Rates: <0.10%
Tokyo CPI (Forecast 2.2%, Actual 1.6%)
Steady Yen strengthening despite negative JPY fundamentals.
Summary:
BOJ's interest rate maintenance and USD Non-Farm Payroll
Intervention risks in JPYThe 6J is the Chicago Mercantile Exchange contract for the JPY futures. We have been in a bearish wedge and probing pretty key support. Our listeners of our daily show have asked our team how close we would be to intervention from the Ministry of Finance (MOF), or intervention rhetoric from the Bank
Daily EUR/USD Updates 3/20/24Hello Traders!
Price is still selling off as we can see. Long retail traders are mad.
YEN ICI Price IS retesting Zone Between .382% and .500%. I'm Expecting a stop hunt. Waiting for Break Above trendline of corrective wave (0.0067885) Entry on Retest.
Entry:0.0067875
SL:0.0067510
TP:0.0068595
Not trading Advice Just My Plan for the day.
Good Luck
Yen Futures: Resale of Call options 0.006850 Bearish SentimentThe targets set for the Yen on February 19th have almost been reached.
The uptrend still has a small potential to reach target number 2, but after that the Yen's downtrend will most likely continue.
This is supported by COT reports and activity in option portfolios, which were formed on February
Japanese Yen May Face A RecoveryJapanese Yen has been very weak since start of the year, but we can see a three-wave A-B-C corrective decline on Japanese Yen Futures chart, which can be now completed by current sharp reversal up above important trendline. So, we believe that Japanese yen may now face a recovery in the upcoming day
Trend Reversal Trade On Japanese Yen4 hour downtrend is extended and reaching the 8th wave.
1 hour chart is still showing a downtrend but price is trying to break above the 50 SMA.
We saw a full trend reversal on the 15 and 5 minute trend with a clear break of structure.
I took an aggressive entry and have a target set at 2:1
See all ideas
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
6JM2024
Japanese Yen Futures (Jun 2024)6JN2024
Japanese Yen Futures (Jul 2024)6JQ2024
Japanese Yen Futures (Aug 2024)6JU2024
Japanese Yen Futures (Sep 2024)6JV2024
Japanese Yen Futures (Oct 2024)6JZ2024
Japanese Yen Futures (Dec 2024)6JH2025
Japanese Yen Futures (Mar 2025)6JM2025
Japanese Yen Futures (Jun 2025)6JU2025
Japanese Yen Futures (Sep 2025)6JZ2025
Japanese Yen Futures (Dec 2025)6JH2026
Japanese Yen Futures (Mar 2026)Explore more contracts
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Frequently Asked Questions
The current price of Japanese Yen Futures is 0.0064475 USD — it has risen 1.11% in the past 24 hours. Watch Japanese Yen Futures price in more detail on the chart.
The volume of Japanese Yen Futures is 281.75 K. Track more important stats on the Japanese Yen Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Japanese Yen Futures this number is 144.94 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Japanese Yen Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Japanese Yen Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Japanese Yen Futures technicals for a more comprehensive analysis.