Bullish behavior I’ve waited for consolidation to break out and retest, then broke a higher high continuing to raise. I see plenty of bullish behavior. It had soem pull back and then continue to raise. Personally seems to me a massive buy zone. Trade responsibly. #SETANDFORGET Longby outletswan111
Trading Signal for USD/JPY: BuyDirection: Buy Enter Price: 158.075 Take Profit: 158.26833333 Stop Loss: 157.74233333 We recommend entering a buy position for the USD/JPY pair at 158.075. Reasons for the Signal: - Trend Analysis: Recent trends indicate a bullish momentum in the USD/JPY pair. - Economic Indicators: Positive US economic data is expected to support the USD. - Technical Indicators: A combination of RSI and Moving Averages suggests an upward trend. - Market Sentiment: Current sentiment in the market favors a stronger USD against JPY. Our forecast is backed by EASY Quantum Ai , a strategy that combines sophisticated algorithms and comprehensive data analysis. The recommended Take Profit level is set at 158.26833333, while the Stop Loss is recommended at 157.74233333 to manage any unexpected market reversals. Stay tuned for further updates and happy trading!Longby ForexRobotEasy1
A Traders’ Week Ahead Playbook – Managing political risk• Month and quarter-end flows to impact price action • The US Presidential elections kick up a gear • Managing risk around the French 1st round vote • US Core PCE is the marquee data point of the week • Australia's monthly CPI a potential kicker for the AUD • Central bank meetings due this week • Long MXN back in vogue For the week ahead there is a fair bit for traders to prepare for and to manage, with event risk spanning economic data, politics, and central bank meetings. We also gear up for month- and quarter-end, so the usual opaque portfolio rebalancing flows impacting price action, as well as the aftermath of a monster options expiry (OPEX) and ETF rebalance on Friday. I’ve never personally found any edge aligning trades to what I’m hearing for the needs of portfolio rebalancing flows. However, as the big portfolios rebalance (e.g. from pension funds) the flows can impact equity, FX and fixed income and produce moves that can’t readily be explained by the data and news flow – any factor that alters our trading environment needs to be considered. The US election kicks into gear On the political front, the US Presidential election kicks into gear with the first debate held between Biden and Trump (21:00 EST / 02:00 BST / 11:00 AEST) likely getting sizeable attention. Prediction markets currently have Trump ahead by 5ppt, which is partly a function of Trump’s superior polling in the six key battleground/swing states (Michigan, Wisconsin, Pennsylvania, Nevada, Arizona, and Georgia). While the debate may not stoke market volatility, it will be symbolic given it’s the earliest live debate since 1960, and Biden will be out to prove a point to the American voters. As the gloves come off it could get ugly on the podium, and we watch to see if the debate affects polling. Managing exposures into the French first-round vote For those trading the EUR, FRA40, and European equities more broadly, the first round of voting in the French election plays out on Sunday. This will have many assessing the risk of holding exposures into the weekend vote, with the very real prospect of gapping on the Monday open. We can take a stab at the outcome and base-case scenario the market is currently pricing based on the French-German 10y yield spread and current pricing in EU assets, and from that loosely devise a playbook for a potential market reaction upon learning who will go through to the second-round vote scheduled for 7 July. Given recent polling, I’d argue the broad consensus is currently seeing two outcomes – either Le Pen’s RN party gaining a working majority and cohabiting with Macron as President or a hung parliament with the RN party the largest contribution. I’m not sure we get a massive market response if this remains the base case after the first vote. The big reaction comes with a better outcome for the left-wing NFP coalition, where they seem to have momentum with recent polls have shown greater support for the coalition - the greater sway the left has on fiscal policy the more negative the reaction in the EUR, FRA40 and broad EU assets. EURUSD holds below 1.0700 but is finding some support below the figure. Should the France-German 10yr yield spread widen past 85 to 90bp this week (its currently at 80bp) then EURUSD could be headed towards the 16 April lows of 1.0601, with EURCHF rolling over and eyeing a move back down to 0.9500. ECB 1- & 3-year CPI expectations (due on Friday) could promote some EUR volatility, but it will be trumped by market participants positioning ahead of Sunday's vote. US core PCE inflation a risk event On the US data side, US core PCE inflation is on Friday and is the marquee event risk, with expectations the Fed’s inflation gauge prints +0.1% m/m, and +2.6% y/y. The last two US PCE inflation prints have come in above expectations, but historically the outcome of the data falls in line with consensus. That said, if we do get an upside surprise and a year-on-year pace at or above 2.8%, this outcome would likely impact be taken badly by equity markets and result in solid USD buying. We get relief in risky assets, USD selling, should we see the month-on-month pace come in at 0.00% m/m and certainly if we see a decline. We also get US consumer confidence where the consensus sees a lower read at 100 (vs 102 in the prior read), a Q1 GDP revision, personal income, and spending. We also get 9 Fed speakers through the week, although I don’t see these being too much of a risk, and we need to hear speeches post-PCE inflation data. USDJPY and USDCNH both get focus, where the upside moves in USDCNH seem to be spilling over into strength in other USD pairs – the PBoC should look to curb yuan weakness this week, but higher levels in the USDCNH cross-rate should see lend upside support for the USD. On the data side, we see Japan's Tokyo CPI (due Friday) and China PMIs (on Sunday), where the latter offers some degree of gapping risk in Chinese markets and the China proxies (AUD, NZD, CLP) on Monday. The client’s focus is on a potential break of ¥160 (in USDJPY) and whether we start to hear more from the MoF on JPY intervention – Japan rates now only price 4bp of hikes for the July BoJ meeting, and the market is happy to hold JPY shorts despite the likelihood the BoJ drastically reduce the pace of JGB buying. The rate of change and slope of the trend in USDJPY is the bigger issue though. Aussie CPI in play AUD and AUS200 traders will be watching the May monthly CPI read, with the consensus eyeing a lift in headline CPI to 3.8% (from 3.6%). The notable focus will be on services inflation, which keeps the threat of an August hike on the table, so this monthly print will set expectations for the all-important Aus Q2 CPI (due 31 July), which could go some way in influencing if the RBA do consider a hike in August. We also hear from RBA members Kent (Wed 09:35 AEST) and Hauser (Thursday 20:00 AEST). Prefer AUD upside vs currencies where the central bank is cutting or holds an easing bias (EUR, GBP & CHF). I also like AUDNZD from a central bank divergence play and would be adding to longs on a daily close above the 50-day MA (1.0883). On the central bank front, we see meetings in Sweden (expected to leave rates at 3.75%), Mexico (unchanged at 11%), Turkey (unchanged at 50%) and Columbia (50bp cut to 11.25%). The MXN is certainly looking perky, with a blend of short covering and aggressive longs emerging late last week – USDMXN eyes support at 18.0514 and should test this soon. Driving the MXN we’ve seen several more market-friendly appointments in the AMLO cabinet, but we’re also seeing carry trades working well as a strategy, and this week should refocus the market on MXNs compelling fundamental characteristics, with high real policy rates and improved forward rates offering excellent carry. Long MXNJPY is in beast mode at this point but comes with intervention risk. With the moves seen in US equity on Friday, we start the week with the ASX200, HK50, and NKY225 all looking like they open on the back foot, with our opening call 0.2% lower a piece. I remain biased to trade a range in the ASX200 (7850 to 7650) and NKY225 of 39,340 to 37,860, with a small bias that we see lower levels of these ranges tested. Good luck to all. by Pepperstone1
USDJPY IN BEARISH TREND Fundamental: DXY: Bearish JXY: Bullish Sentiment: Bearish Technical: Bearish Divergence Resistance Shortby rizwanahmed06031
USD/JPY continues to struggle ~158Over the past three days we have seen two false breaks above 158, both resulting with a daily shooting star reversal. The upper wicks also serve as a double top above 158, and with US economic data slowly souring, the case for a top on USD/JPY is building. Prices have found support around the May high, and another crack at 158 would not come as a surprise. Yet given that the daily RSI (2) is overbought and has formed a bearish divergence on the 4-hour chart, and the highest volume of yesterday coincided with a large bearish bar, the bias remains to fade into rallies around 158 or Friday's high in anticipation of its next leg lower. 157.30, 157 and 156.60 are the next downside targets for bears to consider. Shortby CityIndex1
USDJPY: bullish ascending triangleHello hello Looks like dollar is about to breakout and we can see the ascending triangle and also long term trend line above. Once it breaks 152 and stays above, it confirms the move towards 160. Happy investingLongby MarathonToMoonUpdated 222
USDJPY - TODAYThe IDEA is to ALWAY aim at 1:3RR for a minimum profit and then you can take partials and extend the trade.... 50% partials at 1:3RR and then you can possibly aim for 1:10RR on the remaining 50% of volume. Like and follow for more - we will go live in July 2024by InForMe_Analysts1
USDJPYUSDJPY analysis Daily and weekly time frame The trend of this currency is still upward in the weekly time frame, but it has decreased in the daily time frame. If the ceiling of the daily supply area is touched, the daily trend of this currency will be upward and we can still have higher goals for this currency pair. Support and resistance areas are marked on the chart.Shortby m0neyminer1
Long trade Sunday 12th May 24 21,15pm Toyko Session Structure Day TF Entry 15min TF Entry 155.792 Profit level 157.398 (1.03%) Stop level 155.476 (0.20%)Longby davidjulien369Updated 2
USDJPY: Maintain the daily purchase of the dayHello everyone. Today, we’re looking at the USD/JPY pair, which is trading around the 157.50 level. The US Dollar is currently gaining an advantage over the Japanese Yen following the Bank of Japan's decision to maintain its existing policy settings. Short-term chart analysis indicates a bullish trend as this currency pair consolidates within an ascending channel pattern, suggesting the potential for continued upward movement.by Trader_BrianFXUpdated 115
Bank of Japan Interest RatesBank of Japan is expected to Keep Interest Rates Steady The Bank of Japan is expected to keep interest rates steady this week and consider whether to offer clearer guidance on how it plans to reduce its huge balance sheet, in a slow but steady retreat from its massive monetary stimulus. At the end of its two-day meeting on Friday, the BOJ is expected to keep its short-term policy rate target in a range of 0-0.1%. The BOJ ended eight years of negative interest rates and other remnants of its radical stimulus program in March, on the view that prospects for inflation to durably stay around its 2% inflation target were heightening. In its latest projections, made in April, the central bank expects core consumer inflation to hit 2.8% in 2024, before slowing to 1.9% in fiscal 2025 and 2026. BOJ Governor Kazuo Ueda has said the central bank will hike rates further if it feels more convinced that underlying inflation will stay around 2% as it had projected in April. Nakamura, a sole dissenter to the BOJ’s decision to exit negative interest rates in March, also warned of recent weak signs in consumption and slowing global growth. “Real wages need to turn positive and households’ disposable income to rise more, for a cycle of rising income and expenditure to strengthen,” he said, adding it was appropriate to maintain current monetary policy for the time being. Ueda reaffirms intention to slow its bond-buying process The BOJ has said it will proceed gradually in tapering bond buying with a focus on avoiding any abrupt spike in yields. A Reuters poll showed nearly two-thirds of economists expect the BOJ to start tapering its monthly bond buying, now set around 6 trillion yen ($38 billion), on Friday. The BOJ's decision to end negative rates in March has failed to reverse the currency's downtrend, driven largely by the market's focus on the huge U.S.-Japan interest rate divergence. While speaking to parliament on Thursday, Bank of Japan (BoJ) Governor Kazuo Ueda stated that inflation expectations are gradually rising but have yet to reach 2%. Ueda said, "We are still scrutinizing market developments since the March decision. As we proceed in exiting our massive monetary stimulus, it's appropriate to reduce bond purchases." While the comments suggest the BOJ is laying the groundwork for further interest rate hikes, Ueda cautioned that after such a long period without major changes in rates in Japan, it was difficult to assess the impact on the economy and what a neutral interest rate might be. The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients. by CFI222
USD/JPY Bearish Move ?Price reached previous resistance zone and we can see bearish wedge formation. Price broke our wedge pattern and it is possible to see bearish move.Shortby SanShone101018
USD/JPY: Overbought or Just Taking a Breather?Following the Bank of Japan (BoJ) maintaining its overnight rate between 0.0% and 0.1% and announcing that a bond-taper plan will be delivered at next month’s policy-setting meeting, the Japanese yen (JPY) and yields traded southbound. Technical View Supports Buyers Technically, the USD/JPY is an interesting market. In the long term, the trend is unquestionably to the upside, visible on both monthly and daily charts. Having said that, upside momentum has slowed, as shown through the negative divergence on the monthly chart’s Relative Strength Index (RSI) and daily action testing the upper edge of the 50.00 centreline. Structurally, monthly support is seen from ¥150.80, and the channel resistance extended from the high of ¥125.85 was retested as support in recent months. ¥160.20 resistance (high from the 1990s) remains a logical barrier to note overhead, though, through the daily timeframe, active resistance entered the fray on Friday at ¥157.81: the last technical line of defence before opening the door to daily resistance at ¥159.88. Where does this leave price action in the short term (H1 chart)? Following a run on stops north of the big figure ¥158 and a subsequent retest of ¥157 (which held into the week’s close), resistance is now a concern at ¥157.37. Should offers be cleared at the aforementioned level, ¥158 could call for attention once more. In fact, given the lacklustre response at current resistance on Friday, this resistance echoes vulnerability and a breakout higher in early trading this week should not raise too many eyebrows. H1 and Daily Resistances Eyed for Bullish Cues Based on the above analysis, a breakout above H1 resistance at ¥157.37 could trigger short-term buying towards daily resistance from ¥157.81. Assuming a daily close above the noted daily resistance, this would place ¥158 in a vulnerable position and unshackle things for further breakout buying. Longby FPMarkets1
USDJPY: Important Key Levels For Next Week 🇺🇸🇯🇵 Here is my latest structure analysis and important support and resistance levels for trading USDJPY next week. Consider these structures for pullback/breakout level. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader113
USDJPY SELL | Idea Trading AnalysisUSDJPY is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝Shortby TheGrove3311
USDJPY in the middle zoneThis Friday's Asian open has started cold concerning the Fed's effect on Asia-Pacific crosses this time around. Sentiment especially from China on tariffs in the Eurozone has heightened concerns of a renewed trade war. For Chinese companies, it is not so much a hindrance as a temporary restraint that is likely to be solved by their strategic alliances along the Silk Road such as Morocco, their new strategic ally in trading Chinese goods in Europe. The Yuan (USDCNY) has reached a nearly seven-month high. The reign of Chinese cars has taken hold in countries such as Thailand or Brazil and Chinese competition from companies like BYD supported by the Chinese government, have no scruples in supporting the market, which has led Top companies like Tesla to cut their structures, have generated that the European and American governments feel the obligation to protect their respective local companies. In relation to the Australian dollar (AUDUSD) and Singapore dollar (USDSGD) currencies have shown opposite results being -0.1% for the former and +0.1% for the latter, the South Korean Won (USDKRW) rose +0.2% and the Indian rupee (USDINR) rose +0.2% having the latter at record highs. Meanwhile, the Japanese yen has weakened sharply after the Bank of Japan adopted a dovish tone. The BoJ has decided to keep its rates steady, seeking only to provide a clear signal of its action plans, trying to reduce bond purchases in July, while it will try to obtain more data to be able to take action. This has disappointed speculators and hence the hike. They have not offered much of a clue as to the governor's plans to raise rates after the last historic hike in March. As we said, regional currencies have been pressured by the dollar price rally, recovering much of the devaluation suffered during the week, as signals from the Federal Reserve have countered the sentiment of controlled inflation and at the same time, the Bank of Japan (BoJ) is showing restraint in trying to control inflation causing the Yen to weaken along the way. It has been the worst performer with the USDJPY up 0.87% at 158 yen to the dollar, and then in the early European session it has plunged -0.41% to approximately 157.45. Looking at the chart, at 7am this morning an overbought RSI signal was given at around 77% and is currently in the middle zone at 57.13%. The shape of the bell is mono bell, being its control point zone (POC) 157.191. It would not be unusual to see a move to this zone again since it is the most traded price zone since May 23rd. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. Shortby ActivTrades8
Could the USDJPY retest 160?When the BoJ increased interest rates in March, for the first time in 17 years, the Yen continued to weaken due to the perceived lack of commitment toward further rate hikes. In April the BoJ kept rates on hold at 0.10%, which saw the Yen react with further weakness. The BoJ is due to release its Policy Rate and Monetary Policy Statement tomorrow (Friday). With the USDJPY currently at the 157.25 price level, a resumption of strength on the DXY following the FOMC decision yesterday could see the USDJPY climb up to the resistance level of 158 before the BoJ decision. If the BoJ decides to keep rates on hold and not take any further action on reducing its bond purchases, the Yen could weaken further, pushing the USDJPY higher toward the all time high of 160. This is likely to make it very interesting as it would reignite the speculation of a possible currency intervention from the BoJ Longby JinDao_Tai2
USDJPY shortUSD/JPY One hour trading report overview Tickets (EP): 156.86 Reason: Select the 156.86 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend. Stop Loss (SL): 157.44 Rationale: Stop loss is set at 157.44, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses. Take Profit (TP): 155.77 Reason: Take profit level is set at 155.77 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back. Profit on this trade: 109pips (approximately 1,090usd/lot) Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly.Shortby Tracyanalyst6
Japan rate decision Friday: A deeper look Japan's wholesale inflation surged in May at the fastest annual rate in nine months, data revealed yesterday, indicating that a weak yen may be exerting upward pressure on prices by increasing the cost of raw material imports. Producer prices in Japan rose 2.4% year-on-year in May 2024, up from 1.1% in April, surpassing market expectations of a 2% rise. This data is likely to be a key factor for the Bank of Japan (BOJ) board as it convenes for a two-day policy meeting ending on Friday. The central bank is widely anticipated to maintain its short-term interest rate target within the 0% to 0.1% range. However, the data adds complexity to the BOJ's decision-making on the timing of interest rate hikes. BOJ Governor Kazuo Ueda has stated that the central bank will consider raising rates further if it becomes more confident that underlying inflation will remain around the 2% target. Looking at the 4-hour chart today, the USD/JPY has rebounded following the FOMC decision, erasing much of the post-CPI drop, and passing through the 20-, 50-, 100-, and 200-hour Exponential Moving Averages. by BlackBull_Markets3
USDJPY Bearish Bias!USDJPY went up sharply But the pair has hit a Horizontal resistance level Of 157.72 and we are Already seeing a bearish Reaction so we will be Expecting a local move down !Shortby kacim_elloitt11
Market Analysis: USD/JPY Continues To RiseMarket Analysis: USD/JPY Continues To Rise USD/JPY is rising and might take out the 157.40 resistance. Important Takeaways for USD/JPY Analysis Today - USD/JPY climbed higher above the 155.25 and 156.25 levels. - There is a connecting bullish trend line forming with support at 156.85 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a strong increase from the 155.25 zone. The US Dollar gained bullish momentum above 156.25 against the Japanese Yen. It even cleared the 50-hour simple moving average and 157.00. The current price action above the 157.00 level is positive. A high is formed at 157.40 and the pair might continue to rise. Immediate resistance on the USD/JPY chart is near 157.40. The first major resistance is near 157.80. If there is a close above the 157.80 level and the RSI moves above 60, the pair could rise toward 158.50. The next major resistance is near 159.20, above which the pair could test 160.00 in the coming days. On the downside, the first major support is near the 23.6% Fib retracement level of the upward move from the 155.11 swing low to the 157.40 high at 156.85. There is also a connecting bullish trend line forming with support at 156.85. The next major support is visible near the 50% Fib retracement level of the upward move from the 155.11 swing low to the 157.40 high at 156.25. If there is a close below 156.25, the pair could decline steadily. In the stated case, the pair might drop toward the 155.25 support zone. The next stop for the bears may perhaps be near the 154.60 region. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. 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.by FXOpen228
Bearish Deep Gartley Pattern w BOJ DecisionFor those who favor counter-trend trades or believe in a potential BOJ intervention, the Bearish Deep Gartley Pattern on the 1-hourly chart is worth your attention. 1-Hourly Chart: - Key Level: This pattern provides an excellent risk-reward ratio for shorting opportunities. Reminder: - Don’t overtrade. - Always conduct your own analysis and avoid blindly following others. What's your trade plan for USDJPY? Comment down below and share your insights! Happy trading!Shortby RaynLim666
Daily USD/JPY UpdatesHello Traders! We just got large range candle, no surprise that today was less dynamic and small so far.Long04:46by ForensicForex1