USDJPY LONGUSDJPY has decided to be generous, even though it is not a big RR, we appreciate the generosity none the less.Longby Phiwayinkosi26Updated 0
Fundamental Market Analysis for May 30, 2024 USDJPYEvents to pay attention to today: 15:30 GMT+3. USD - GDP q/q 17:00 GMT+3. USD - Pending Home Sales m/m 18:00 GMT+3. USD - EIA Crude Oil Stocks Change USDJPY: The Japanese yen eased on Thursday, boosted by comments from Bank of Japan (BoJ) board member Seiji Adachi on Wednesday. Adachi emphasised that bond purchases should be gradually reduced so that long-term yields accurately reflect market signals. He also suggested that raising interest rates may be appropriate if a weaker Japanese yen leads to higher inflation, as reported by Reuters. Traders have increased their bets that the Bank of Japan (BoJ) will hold another interest rate hike. Investors are now turning their attention to Tokyo's inflation data, scheduled for release on Friday, which is considered a key gauge of price trends in the country. Aggressive remarks from Minneapolis Fed President Neel Kashkari have further fuelled fears of a possible rate hike, supporting a significant yield gap between the US and Japan. This environment continues to facilitate ‘yen carry’ trades, where investors use the low-yielding Japanese yen to invest in higher-yielding USD assets. The US dollar (USD) strengthened amid rising US Treasury yields, partly driven by increased risk aversion ahead of the release of US gross domestic product annualised (Q1) data on Thursday. In addition, market participants will be monitoring the core personal consumption expenditure (PCE) price index data scheduled for Friday, which is expected to provide insight into the Federal Reserve's potential stance on interest rate adjustments. Trade recommendation: We follow the level of 157.200, if it bounces back, we take Sell positions. If we consolidate above it, we take Buy positions.by Fresh-Forexcast20040
Usdjpy sells.On the monthly timeframe it has reached the resistance. I speculate a huge retracement from here and i will be looking for a sell entry on the lower time frameShortby FxGitman1
Usdjpy sells.On the monthly timeframe it has reached the resistance. I speculate a huge retracement from here and i will be looking for a sell entry on the lower time frameShortby FxGitman1
USDJPY USDJPY is in the process of forming the head and shoulders, I still expect the price to reach 156.67 again!by Trader_BrianFX2
USDJPY Despite the broad weakening of the US dollar on Monday, the Yen struggled to find solid footing, causing the USD/JPY exchange rate to fluctuate below the 157.00 mark. However, the USD has been steadily appreciating against the beleaguered JPY. While the pair is currently moving within a descending wedge, the technical outlook suggests a potential rise to higher levels once it breaks out of the downward trendline, as indicated by our analysis! by Trader_BrianFXUpdated 2
USD/JPY "Intervention" Trade SetupThe yen is usually pretty stable, but it’s been sliding more. Last time it got to this level, the Bank of Japan had to step in and burn 30bn in USD to buy the yen back up. The news said roughly that they don’t look at the price, but the velocity, so I have alerts on rapid moves on the yen to be able to show up and get on the BoJ’s side of the trade. Last time I knew that they were thinking about moving into the markets, and I was watching it, but I missed the action by a couple days. A trade like that would make your career. It’s sure-fire, immediate. There isn’t any doubting what’s going on. That’s a “wake me up in the middle of the night” alert. Next time, got it set now. Wait for the price to break/shift with high velocity USD up/yen down. You could alert on NATR high, which is what I did. It’s smoothed so it has a delay, but it should be fast enough w/ EMA to get a signal early. I want this to wake me up. This is one of those setups that if it plays you can put every last drop of margin into the position.by decklyndubs0
USDJPY_Bullish_ShortScript is currently printing higher highs and higher lows. however now entering into critical resistance zone along with the active divergence appearing on the RSI make it a good setup to short on the levels pointed on the charts. DYOR (DO your onw research) Shortby Humza_Mehtab225
USDJPY BullishUSDJPY has started printing higher highs and higher lows indicating bullish trend. The parallel channel indicates its continuation.Longby ruba_hasan961
USDJPY BUY SETUPYen is still bearish and UJ in up trend making higher highs and higher lows. Looking for the next opportunity on the pull back or retest is ideal. Ride the wave up to 158 or higher!Longby TheForexWave1
USDJPY Analysis. Swing trade signal.Hello everyone i want share my idea about USDJPY Price action. After huge uptrend, we saw some strong sellers which active after strong downside movement of JPY index. Japan government said in 2024 they will change monetary policy which was signal for swing traders, JPY index had pretty bad 2 years, it was coming strong downside, after this statement of Japan government it was first strong buyers, who really show strong buyside interest. If we will look at Dollar index, it how us 2 thing price is still in uptrend at the moment, but after bad economical news of US government we can see sellers has control price, also if we look at us20 bond index we will see price came into downtrend which is i think additional signal of Dollar index bearish movement. About USDJPY index, at higher timeframe, we are still in uptrend, but at the chart sellers trying to take control at price, we saw rejection from 4h fair value gap, this zone has tested after huge downside movement. 4h fair value gap and Fibonacci high sell zone is in same place but lets see what price action we will have, how i mentioned about Dollar index and JPY index, i am bearish at the pair. I have some scenes which actually will approve i am right or not. Always make your own research!!!Shortby elmakachoUpdated 335
USDJPY LONG IDEAUSDJPY intraday long idea. Fundamentals are suggesting a rissk off market and technicals on USDJPY have shown consistent higher highs and lows.Longby Trader_LandryUpdated 6
Usdjpy buyUsdjpy buy near to hit our tp position... hold for more profits...you may add another layer buy its strong momentum of buyLongby DNA_Trader_Officials0
USDJPYMaking Bullish flag with no sign of divergence and Dollar index is also Bullish which is a good sign of bullish trendLongby mhamzasaeedm0
USDJPY Massive Long! BUY! My dear friends, My technical analysis for USDJPY is below: The market is trading on 156.67 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 156.78 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 113
USDJPY: Short Signal Explained USDJPY - Classic bearish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Short USDJPY Entry - 157.33 Sl - 158.20 Tp - 155.88 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals225
USDJPY idea LONG POSITION analysis 1hrPair : USDJPY Position : LONG ( BUY ) Entry 1 : 157.250 STOP LOSS @ 156.990 TP 1 @ 157.500 TP 2 @ 157.750 TP 3 @ open ( Trailing SL ) Longby hamidTrader210
USDJPYUSDJPY is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 38% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?by JustTradeSignals1
USDJPY WEEKLY OUTLOOK### Weekly Market Outlook Monday: The week begins quietly with a U.S. bank holiday in observance of Memorial Day, leading to subdued financial markets. Tuesday: Focus shifts to Japan for the release of the BoJ core CPI y/y. In the United States, the CB Consumer Confidence data will be closely monitored. Wednesday: Key inflation data from Australia will be released, offering insights into the RBA's upcoming monetary policy decisions. Thursday: A series of significant U.S. economic indicators will be published, including preliminary GDP q/q figures, unemployment claims, and pending home sales. These data points are crucial for understanding the U.S. economic trajectory. Friday: The week concludes with several important releases. Japan will report its Tokyo core CPI y/y and industrial production data. The eurozone will release its CPI figures, the final print before the next ECB meeting. In the United States, the core PCE price index m/m, personal income m/m, and personal spending m/m data will be released, providing a comprehensive view of recent consumer activity. Throughout the week, several FOMC members are scheduled to speak, potentially offering insights into future monetary policy. Additionally, Barclays suggests that month-end rebalancing might signal strong dollar selling, a factor to consider in trading decisions. In the U.S., CB Consumer Confidence is expected to decline from 97.0 to 96.1. Analysts at Wells Fargo highlight a discrepancy: consumer spending has recently increased, while consumer confidence has declined since the beginning of the year, reaching its lowest level since 2022. This decline in confidence may stem from persistent concerns about rising prices, despite a drop in inflation from its peak. Additionally, a slight rise in unemployment has contributed to a less optimistic economic outlook. Technical Analysis: The price continues to experience bullish pressure towards 157.970, with a potential further rise to 159.820 upon breaking this level. A correction to 156.590 is possible before resuming the bullish trend. The bearish scenario will be triggered if the support line at 156.590 is broken, potentially leading to a drop to 155.940 and 155.445 Pivot line: 156.590 Resistance line: 157.970, 159.82, 161.820 Support line: 155.950, 155.450, 154.700 The expected trading range is between support 155.450 and Resistance 157.970 previous weekly idea: Longby SroshMayiUpdated 5
DeGRAM | USDJPY pullback from resistanceUSDJPY is moving between the trend lines. The chart has broken down and continues to move under the ascending channel. The attempt to break through the resistance was unsuccessful and the price returned under the resistance level. We expect a pullback after the resistance retest. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAM4418
USDJPY ANALYSIS IDEAOn this Pair, we are anticipating for a SELL, cause the trend has shifted, breaking structures to the downside, but also we had a shift in trend structure on the DXY for a SELL.Shortby LOVEGODFX2Updated 222
USDJPY: Important Bullish Confirmation 🇺🇸🇯🇵 Update for USDJPY. The pair perfectly violated a resistance line of a horizontal range on a 4H time frame, after a retest of a key daily support. I think that the pair will keep growing today. Next goal - 157.5 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader3311