USD JPY PRICE - STILL HAS TO CLEAR LIQUIDITY AT RESISTANCE ZONE USD JPY PRICE - here we can see that price forming a up trend line, price will take a support at 0.5 fib level make a long entry to resistance zone as shown, follow for more live updates... Longby FOREX_TRADER_007Updated 2
USDJPY sideway waits NONFARM to break narrow marginThe Japanese yen was flat on Friday after the Japanese finance ministry announced Japan's foreign exchange reserves. Japan's Ministry of Finance announced that he will take action on excessive JPY exchange rate volatility when necessary and will evaluate the effectiveness of the intervention. He emphasized the importance of maintaining market confidence in the JPY while also mentioning that there is no limit to the resources for the foreign exchange intervention fund. The dollar is struggling after weak US employment data raises hopes that the FED will lower interest rates twice in 2024. Economists predict a rate cut in September in addition to the possibility of another cut. The possibility of the FED lowering interest rates in September. In the h4 time frame, there have been signs of a bearish reversal in the USDJPY pair. The 34 EMA has crossed down to the 89 EMA and the recently created highs are getting lower. Overall, the pair is still stuck in a narrowing price band and is waiting for Nonfarm today to break out of the band. Pay attention to important support and resistance zones: Support: 156,400-153,600 Resistance: 154,500-157,700by TVS-TraderUpdated 111
Im waitingI am waiting for the price to reach this area and take a sell position. Currently, the trend is completely upward and any position in the daily time is illogical because of buying.by elevenXWeeklytrader1
Potential bullish rise?USD/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance. Pivot: 156.38 1st Support: 155.33 1st Resistance: 157.95 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets5
USD/JPY as BOJ rate decision approaches The US federal Reserve is not the only major central bank making an interest rate decision this week. So too, will the nonconformist Bank of Japan (BOJ). In its April policy meeting, the BOJ highlighted upside risks to inflation and indicated readiness to adjust monetary policy, if necessary, although it expects to maintain its current policy for the time being. The BOJ stated that if the outlook for economic activity and price rises materializes, interest rate hikes could be warranted. Key economic reports from Japan prior to this week's interest rate decision include: Japan GDP Growth Rate (final) Japan Economy Watchers Survey Outlook Japan Producer Price Inflation For the exact date and time of these major economic events, import the BlackBull Markets Economic Calendar to receive alerts directly in your email inbox. From the daily chart, the USD/JPY perhaps appears slightly bullish. The pair has climbed above the Ichimoku Cloud, indicating strong buyer momentum. On Tuesday last week, BOJ Deputy Governor Ryozo Himino expressed concerns about the negative impact of a weak yen on the economy. His comments suggest that the BOJ might be preparing for another intervention in the forex markets to support the yen, which would be negative for the USD/JPY pair. The 14-day RSI has recently pulled back, avoiding overbought conditions. by BlackBull_Markets113
USDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)Longby ShahedZare1
USDJPY Weekly analysisThis is the Expected move on USDJPY this week and then we will find our selling opportunities once we are respectedShortby GoldenB554
USDJPY BUY OPPORTUNITY Price made a bullish move upto 0.7% increase as at Friday. This shows there could be a possible buy opportunity from the current market price. Target is 157.6Longby Cartela4
USDJPY TO 160+ 12H CHARTI have USDJPY going to 160 and beyond..... price may be a little choppy until then but I am Long on this pair and I've been using every dip (when price takes bearish dive) as a buying opportunity. I can see price testing the previous highs of 157.844 (yellow level) and eventually breaking and closing above it, once this level of previous resistance (157.844) is then used as support; that will act as yet another form of confirmation that price in en'route the 160 level.Longby DeniroFX224
USDJPY LowerTrying USDJPY lower here. We seem to have broken a rising wedge which is a nice technical setup. We have some big data for the US economy this week with ISM services, NFP and JOLTS. i think US data continues to weaken this week and so leads to lower US yields which should mean lower USDJPY. USDJPY is already quite high relative to rate differentials. sentiment and positioning is also extremely high. idea is for USDJPY to move lower this week on weaker data, if the data is much stronger than expected then the idea no longer makes sense. Also if USDJPY isn't much lower by the end of the week then it likely wouldn't make sense for next week but i will update then. Not trading/investment advice, feedback welcome!Shortby Spinning_Updated 2
USDJPY ( 4H ) UPWARD USDJPY Tendency the price is under bullish pressure between 156.773 Turning level : The turning level 156.773, so as long as the price above this level, there will be a bullish trend resistance level : stable the turning level 156.773, the price will rise to157.931 as long as the price stabilize this level , there will be reach 159.134 support level : The trading stabilizing below156.773 , the price will reach the support level of 155,854 and154.700 corrective level : price will attempt 156.773, correct itself before upward Longby ArinaKarayi2
USDJPY in Ascending Channel ! 200 Pips UP! Dear Traders, i expect price will move up to middle of channel, First Target : 158.800 Second Target: 160 dont Forget like&Comment please! regards, Alireza!Longby alirezakUpdated 4
billyforexsa whats good guys i hope yall enjoyed todays day course WOW .....going back i shared a signal to yall guys pairs which we selected were (xausd/usdjpy) which both went through strategy which confirmed it Longby vesimsezane2
USDJPY - TODAY After the move from this morning - here is an update…. Look at the entries and SL - now think if you had access to this today based on the trades we shared. Like and Follow for more - access coming in July 2024.Longby InForMe_Analysts0
USD/JPY ups and downs and analysis strategiesHello traders, as said , in the past chart price breaking 156,953 reach a 158,289 , aimed first target TODAY : the price stable 158,287 reach a resistance level but breaking this level it will attempt to touch a support level Tendency the price is under long pressure 158,287 Turning level : The turning level 158,287 , so as long as the price below this level, there will be a bearish trend resistance level : until trade the turning level at 158,287 , the price will rise to159.145 as long as by open 4h candle in this level , there will be reach 160,212 , then created a new historical peak support level : The trading stabilizing below 158,287 , the price will reach the support level of 157.660 and 156.835 corrective level : price will attempt 158,287 , correct itself before longby zAngus-FansUpdated 0
Teacup Buy USDJPYI can see a mini Teacup Formation has started we’re waiting for the price to retest and Break the old point of resistance, and once it breaks that price will go in for a buy. Good luck traders, practice risk management. I personally use a strat called. #SETANDFORGETLongby outletswan110
USDJPY DEMAND INCREASESPrice continues to surge higher! Price. Currently trades at ¥158.953. Buyers would likely push the market higher. I would position myself accordingly to take advantage of the buy opportunity that all emerge from this market.Longby Cartela0
Is USD/JPY Trade of Decade? US Dollar Nears 34-Year High Again.If you’re a ‘90s baby, the yen is the weakest you’ve ever seen it. Putting it back with the cool guys in forex town isn’t going to be easy. In this Idea, we discover why. Yen Languishes in 34-Year Lows The Japanese yen is trading at a 34-year low against the stronger US dollar. This means that the volatile USD/JPY pair is flying high. Very high. To many, this is the opportunity of a lifetime — pop a short, load up on the leverage and go for the jugular (to use Soros slang ). Only that it’s not as easy as it looks. So not-easy that there’s even a term for that. It’s called “widow maker trade” and it describes those unfortunate souls who dare to bet against the Bank of Japan in hopes of anticipating the right direction. It’s so difficult to predict the path of Japan’s interest rates that many have seen their fortunes wiped out in trying to do so. So why’s the yen so badly hurt? Until recently, Japan’s central bank was the only one in the world to flaunt negative interest rates. It was holding on to an easy-money regime to stimulate economic growth — low to negative rates encourage businesses and consumers to borrow cheap money and spend it on whatever they want. Biggest Loser on Forex Board But this loose money policy has a downside — it makes the local currency highly unattractive. The Japanese yen is the biggest loser among the major currencies on the forex board so far in 2024. It’s down more than 13% against the dollar this year. Against that backdrop, in March, the Bank of Japan abandoned its negative rate regime and hiked interest rates for the first time since 2007. The shift provided little relief to the yen. The USD/JPY this week blasted beyond ¥159 and extended its winning streak to seven days in a row. But bulls’ efforts to carry the exchange rate above the ¥160 milestone might meet an archnemesis. Japanese officials have been monitoring the speculative moves around the yen and have said many times they’re ready to intervene by buying boatloads of it. Traders, however, have already seen this play out. And they've seen the aftermath, too. A Failed InterYention In late April, the Japanese yen tumbled beyond the key ¥160 level to the dollar, hitting ¥160.20 — a low last seen in 1990. Japan then decided to lean against the skyrocketing dollar and sank as much as $60 billion going long the yen and shorting the dollar. Briefly, the yen rose about 5% before bargain-hungry traders were back for more. Moral of the story? The downturn of the yen is predictable and until the Bank of Japan introduces a more aggressive policy to buck the trend, it may remain vulnerable to attacks. More of the Same? Meanwhile, bullish traders are excited to try their hand at shooting the dollar-yen pair to a fresh 34-year high. It must be noted, however, that the exchange rate is overstretched and overbought. This skews the risk-reward ratio and makes the upside look fairly limited, at least in the short term. Or does it? Zoom out, and you’ll see the yen was trading at ¥300 to the dollar back in the ‘70s. And that’s not something Japan wants to see now. A cheap yen is generally good for exports but it makes imports a lot more expensive. And that’s where the Asian economy is getting its technology, energy, cars, and many foods from. Japanese officials, namely the Ministry of Finance, remain tight-lipped about any potential intervention. What’s more, the Bank of Japan joins the silence with no forward-looking guidance on future interest rate hikes. And all this means one thing — yen volatility is bound to continue as traders engage in some extra spicy speculation fundamental price discovery. Long or Short? If you’re in the trade, which side are you on? Are you long the dollar-yen or short it? Let us know in the comments below! Editors' picksby TradingView1117
USD/JPY stays cautious near 159.00USD/JPY has been trading close to the 159.00 mark early this Friday, sitting below its highest level since April. Japan's verbal intervention has provided a cushion for the yen amid the Bank of Japan's uncertainty regarding interest rate hikes and mixed national CPI data. Meanwhile, the U.S. dollar's recovery is pacing slowly ahead of crucial PMI data. From a purely technical perspective, the trend is bullish across all time frames, and adhering to the adage "the trend is your friend," it is likely that this upward trajectory will continue. Currently, USD/JPY is trading at 158.50, maintaining its climb within a gradually ascending channel.by Trader_BrianFX1
Long trade Monday 17th June 24 3.00am Tokyo Session 15min TF Entry 157.451 Profit level 158.548 (0.70%) 109.5 PIPS Stop level 157.126 (0.21%) 32.5 PIPSLongby davidjulien369Updated 0
USD/JPY ANALYSIS TODAY 1 HOURE TIME FRAME.MY PRICE ACTION STRATEGY. Follow the market trends . Follow risk management . Don,t trade without stoploss. Always follow your strategy.by ovibiswas0
Bullish continuationConfluence: Daily = Bullish ( recent expectation counter bearish pullback after the structure break ) 4hr = Bullish bullish cont. from the recent area of demand zone to take out the weak HH. until the LTF bias does not align with the daily bias following the 4-hour structure.Longby fxtrends280