The Japanese Yen took a dip against the dollar this Wednesday, thanks to the U.S. serving up some spicy inflation figures hotter than expected. This shift has pushed back the Fed’s rate cut chatter from June to September. Also, digging into the latest FOMC minutes, it looks like U.S. officials are wary about inflation dragging its feet, which could mean keeping...
Detailed Analysis on USD/JPY Recent Market Dynamics The Japanese Yen has recently attracted some buyers and recovered a portion of the losses incurred after Wednesday's US CPI release. Concerns about potential intervention by Japanese authorities, coupled with a weaker risk tone, have supported the JPY and exerted pressure on USD/JPY. Divergent Monetary Policy...
✅USD_JPY made a strong Confirmed breakout of the Key horizontal level of 152.000 Which was a resistance and An ATH level but is now a support Which, combined with the fact That the pair is trading in a Strong long-term uptrend Reinforces our bullish bias On the pair and makes us Expect a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Attention Traders, In today's trading session, we're closely observing USDJPY, pinpointing a potential buying opportunity around the 152.900 zone. USDJPY maintains its uptrend trajectory, currently navigating a correction phase as it approaches the critical 152.900 support and resistance area. Adding depth to our analysis, let's delve into the fundamental...
Hello traders! Today I want to share insights on USDJPY using one of my favorite tools on TradingView—the Adaptive Trend Finder (log). This tool excels in identifying both short-term and long-term trend strengths using an effective method based on Pearson correlation. In the chart, focus on the lower middle section highlighted in gray for the long-term trend...
Hello Everyone, The USD/JPY pair has surged to a peak and is expected to sustain its bullish trajectory. Nonetheless, a notable influx of sellers is emerging as the pair reaches this heightened level. It's crucial to note the resistance point at 154.607. TradeWithTheTrend3344
Japanese Yen sticks to modest gains against USD, not out of the woods yet The Japanese Yen attracts some buyers and recovers a part of the post-US CPI slump on Wednesday. Intervention fears, along with a weaker risk tone, underpin the JPY and exert pressure on USD/JPY. The divergent Fed-BoJ policy expectations should limit any meaningful corrective slide for the...
Now is a very good time to get into USDJPY long positions & target the $153 price point. Offering a good 600+ PIPS profit! Bare in mind this the 1D TF, so be generous with your SL & give market breathing space.
We could possibly see a minor dip down on USDJPY as a correction, but overall we are still bullish. The top of the market is not in yet🤙🏽
Despite the DXY aggressively correcting itself, USDJPY has managed to stay firm & correct itself through a consolidation phase, rather then dropping as well. We still remain in our USDJPY buy positions & holding towards $153.300🤙🏽
We saw USDJPY sharply move down yesterday as a correction, in turn trapping in new sellers. As soon as new sellers got trapped, markets used them as liquidity and pushed back up. Our buy position running 445 PIPS in profit🤙🏽
USDJPY holding up extremely well & running 450 PIPS in profit. This move has already been made risk free as SL is at breakeven🤙🏽 The 'before' analysis has also been posted on my TradingView, available for you all to go and see!
It has been some time since we checked the #Japanese #Yen vs US #Dollar. Updated the chart a bit since last time. Clear bottom forming inverse head & Shoulder pattern. Broke and retested the 2002 highs. Bounced off the Green Moving Avg, successful retest. Japanese are selling foreign investments as their #interestrates have increased. We've spoken on that a few times.
FX:USDJPY The USD/JPY presents a compelling opportunity for sellers, as per Elliott Wave analysis, indicating a potential downward movement towards the 121 level. Disclaimer: This is not financial advice
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Still holding a buy, moved SL in profit. With the current price movement we might get stopped out. DAILY 151.90, we finally broke and closed above. We are now either waiting for the further bullish push up or the retest so we can enter on the continuation. This is the highest price UJ has been peaked at, so we know the dollar is doing quite well. 4H 152.80 gave...
Long-term Analysis of USDJPY: This pair is navigating through the waves of Dow Theory, and for the past several weeks, it seems to be gearing up in an accumulation phase, setting the stage for a potent rally aimed at the Fibonacci extension target of 1.618 (equivalent to 176.500). However, this scenario hinges entirely on breaking through the 152.000 resistance...