USDJPYLooking for a sell opportunity in UJ Reasons to sell: 1. If price breaks and retest uptrend line which I drawn in chart. 2. if price break and retest the support line.Shortby joelkurienUpdated 3
Japan’s Q1 GDP Falls Faster Than Expected• Japan’s Q1 GDP falls faster than expected • Data raises questions about when the BOJ will lift interest rates. • Yen's weakness complicates picture for BoJ • Japan's real wages fell for a 24th consecutive month Japan's economy fell faster than expected in the first quarter. Preliminary gross domestic product data from the Cabinet Office on Thursday showed Japan's economy shrank -2% annualized in January to March from the prior quarter, faster than the 1.5% drop seen in a Reuters poll of economists. In the first quarter of this year, private consumption, which is the largest component of GDP, dropped by an annualized -2.7% from the previous three-month period. Corporate investment fell -3.2%. Exports fell 18.7%, while imports also fell -12.8%, resulting in a decline in net exports. Private residential investment dropped -9.8% from the previous quarter. Downwardly revised data showed GDP barely grew in the fourth quarter of 2023, due to downgrades to capital expenditure estimates. Japan’s GDP Growth. Source: Japan’s Cabinet Office Data raises questions about when the BoJ will lift interest rates The BoJ raised interest rates for the first time since 2007 in March, and persistently high inflation may pave the way for another move. There are signs of a division among ruling Liberal Democratic Party members over whether the central bank should hike again or keep rates low to smooth financing. The BoJ is paying close attention to whether demand-driven inflation, backed by strong wage growth, is taking root in Japan. Yen's weakness complicates picture for BoJ A weaker yen has created a two-speed economy in Japan, with the export and tourism sectors broadly benefiting from a more competitive exchange rate. However, households and small businesses are squeezed by inflated costs of imported goods. The yen's weakness complicates the question of whether the BoJ should maintain its monetary stimulus or continue to unwind it. • Japan's real wages fall for 24th consecutive month When real wage growth remains negative, it's hard to expect strong private consumption. The weakening of domestic demand coincides with inflation outpacing wage growth. This comes despite the annual wage negotiations in the spring between labor unions and management yielding the best outcome in three decades after major companies weighed the impact of the recent bout of cost-push inflation and agreed to hike pay. Real wage growth, seen as crucial for Japan to completely emerge from its long fight against deflation, has lagged behind price hikes, eroding households' purchasing power as prices for everyday goods have continued rising due to high raw material costs and a weak yen. 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 CFI3
USDJPY POSSIBLE BUY OPPORTUNITY Price is trading at $155.5 level and it could provide a potential buy opportunity from the current market price. A buy opportunity is envisaged. Target is 157.000Longby Cartela1
USDJPY Sell In ProgressAfter the pullback, USDJPY is ready for the big drop. Follow risk management Shortby PotentFXUpdated 227
USDJPY MAY RISE !!!!!www.tradingview.com USDJPY May Rise! On the H4 chart, the USDJPY has formed a symmetrical triangle pattern. The price has broken above the trend line and is currently testing a significant resistance zone. A short-term bullish trend could be anticipated if the price manages to break above this resistance level. 🔼 Trade: Consider buying USDJPY on a breakout above 156.500; 🎯 TP (Take Profit): Target at 158.000;Longby Goldxking2
USDJPY, growth from support. Bulls active.Hi friend. Lets look at USDJPY chart window. We have uppend channel with bulls accumulation area between support - 156.94 and transit level - 157.078. Also there is big volume of purchases from 156.51 (41 k). All of this in sum - strong bullish signal. Bulls target 157.46 (daily X-Lines level). Follow me. And dont forget support me by boost. Longby JinFlark1
USDJPYWe give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 50 pips and close half tradeby hindaljasser1
USJPY-bias long Bullish indications: HHHL inverted head and shoulder. resistance broken . inverted head and shoulder in higher time frame. Flag pattern broken upwards Resistance broken at 155.941 Bullish engulfer candle from the triangle break out. Trade plan bias long @ 156.158 SL:155.966 TP1:156.317 TP2:156.465 Longby gouthamkulal1Updated 1
The USD/JPY pair shows short-term bullish potential The USD/JPY currency pair is exhibiting short-term bullish potential, driven by a combination of macroeconomic factors and geopolitical events. Fundamental Analysis: Federal Reserve Policy: The Federal Reserve is expected to maintain its current interest rate levels for the foreseeable future, delaying any potential rate cuts. This stance supports the US dollar, as higher interest rates relative to other major currencies attract investors seeking better returns. Geopolitical Tensions: The escalating tensions in the Middle East have increased the demand for safe-haven assets. Historically, the US dollar benefits from such geopolitical uncertainties as investors flock to it for safety, further bolstering its strength against other currencies, including the Japanese yen. Technical Analysis: The USD/JPY pair has recently tested and respected a key support level, indicating strong buying interest around this price point. Momentum indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing bullish signals, suggesting that the pair is poised for an upward movement in the short term. Conclusion: Given the Fed's current stance on interest rates and the rising geopolitical risks, the USD/JPY pair is positioned for a bullish trend in the near term. Traders should consider this scenario and evaluate potential long positions to capitalize on the expected appreciation of the US dollar against the Japanese yen.Longby Metow1sw1
USD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT Hello,Friends! USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 155.555 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 112
USDJPY May 21, 2024 Where will this price increase end?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. Looking from H1, we see that black wave 3 is forming. in wave 3 black is forming a small wave structure - In the small wave structure, wave 4 is expected to have completed at 156.114 - Next, we will continue to complete wave 5 using the measuring method, we have the target of wave 5 at 156.887. - In our current trading plan, we can establish a Buy order with a short-term price target at 156,887. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment. Longby DEEKOP1
USDJPY Bullish - May 20📢 Signal: BUY USDJPY 📈 Entry Point: 155.728 🔍 TP1: 155.978 🎯 (25 pip TP) TP2: 156.228 🎯 (50 pip TP) SL: 155.478 ⛔️ (25 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_SignalLongby mr_bombastic_signal1
USDJPY TRADE IDEAAt these type of ideas i will try to show you were the charts have big possibilities to bounce back , depends on ICT point of view. Have in mind that those special zones are NOT trade signals , but areas where you have to applicate your specific strategy.Shortby DouramanisNikos1
UJ shortusdjpy has been having a great and unpredictable path past few days with major news events and BOJ interventions and it was great for those who caught the moves but now its getting stable. On my current chart im waiting on the short which i have a tight stoploss to becouse this is not my initial trade the market is currently about to break out so once it does that will show the swing trade to drive the market. The current sentiment bullish but change is possible Shortby gatsipaida2
USD JPY SELLThere is a potential trend reversal on the daily timeframe. Stop loss: 155.959 Take profit: 152Shortby Visionary_insights5
Short-Term Resistance Calling for Attention on USD/JPYSince topping at ¥156.77 on 14 May, short-term price action on the H1 chart for the USD/JPY has exhibited a downside bias. Of late, as you can see, recent flow chalked up a pullback from a low of ¥153.60 and has initiated the process of forming the D-leg of an ‘alternate’ AB=CD bearish formation at ¥154.95 (marked by a 1.618% Fibonacci projection ratio). The rationale behind selecting this alternate pattern, and not the 1.272% Fibonacci projection ratio (or the equidistant AB-CD), is simply down to the confluence that the 1.618% Fibonacci projection attracts: a 61.8% Fibonacci retracement ratio at ¥154.97 and a nearby 38.2% Fibonacci retracement ratio at ¥154.81.Shortby FPMarketsUpdated 3
USDJPYLooking for a sell opportunity, if it break the support line. Reason to sell, Making M pattern in 1H chart. Use proper risk management. Thank youShortby joelkurienUpdated 1
USDJPY A possible drop on this pair, Mornitor the zone on daily and see if there's a possible drop from that area Shortby Mntungwa873
Strifor || USDJPY-17/05/2024Preferred direction: SELL Comment: The Japanese yen , like the franc in the past, perfectly worked out all our previous trading ideas. Sell-priority for the American currency remains, and at the same time, for the USDJPY currency pair we also expect a fall to the level of 153.222 . Here we consider two scenarios. Scenario №1 involves shorting from the resistance of the downward channel, that is, selling at current prices. Scenario №2 is a preliminary growth before a fall to level 157 , where there is a liquidated zone and perhaps the market will want to test this area before the fall. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 116
USDJPY bullishUSDJPY still seems to show the signs of bullish movement. Watch it keep climbing until right before the closure of market on Friday.Longby The_Pine_CoderUpdated 337
usd /jpy Sell after 61.8 break down Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations Shortby Alexandros19729
USD/JPY Long SetupLock in your entry for USD/JPY at 155.12, perfectly poised at the 61.8% Fibonacci retracement and just steps away from the 100-period EMA at 155.16. This convergence offers a strong technical base for a bullish reversal, in line with the ongoing bullish sentiment in the market. The precise entry point boosts the risk/reward ratio, making it an excellent opportunity for traders aiming to leverage technical insights and shifts in market sentiment Longby EleazarahmathUpdated 442