Usdjpy longUsdjpy trend continues to buy side momentum 1:2 RR Overall trend buy breakout happened Strict SL Longby DNA_Trader_Officials114
Potential move up for next week on UJSetting up a new high on Friday , the trend might stay bullish for next week. Marking up 3 different levels on the 1H with potential formation of a "double bottoms" before continuation. I will be trading on the 5M but these levels might become significant areas of resistance/support therefore can change the trend and momentum. Trust The Hustle Views expressed are my own ;)Longby Blockchain_HustlerUpdated 223
Market Crash - The Death of the Japanese YenI've been doing some analysis on the Yen this year, because I think it's important. It's essentially my leading candidate for this "black swan" I'm predicting. It doesn't have to be the end of the world, but at some point there will be a catalyst for a new bear market and I think this may be it. There might not be another catalyst for another 5 years and we just keep ripping to new ATH year after year, or maybe there's one in 5 hours. Who knows. I think the Yen is most likely what will start things off, but we'll see. We have potential bank failures, Russia vs. NATO, Israel vs Iran, China vs Taiwan, and many other things that could happen. Anyway, I'll do more ideas on this, but here's a weekly chart going back to the major top in 1986/1987. In 2014, this downtrend was finally broken, which led to the run up we are still seeing today. It held on a retest in 2020 with a massive volume spike as well. Also remember that in the case of this chart, an upside breakout is bad for the Yen, it's the opposite of what you may think intuitively. The Yen had not hit 160 since 1990 and once it got there this year, Japan intervened twice to prevent it from going any further. That held it off for all of 2 months, it's already back to where it started. Which means, if treasury yields keep spiking, the Yen will get worse and worse until total collapse, BoJ can't save it forever. Treasury yields must fall or else equities are doomed.Shortby AdvancedPlays223
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
USD-JPY Long From Rising Support! Buy! Hello,Traders! USD-JPY is trading along The rising support line And we are already seeing A bullish rebound after the Retest of the support so we Are locally bullish biased And we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals115
usdjpy downtrend it is happening ..... due to my previous analysis i realized usdjpy just bounces back on that resistance lineShortby Forexnelson224
The Japanese yen continues to weakenThe Japanese Yen remains weak as the BoJ is expected to maintain current policy in June The Japanese Yen fell slightly as the BoJ is expected to maintain current interest rates on Friday. Japan's stable stock market has weakened the JPY. The US dollar held firm as the likelihood of two Fed rate cuts in 2024 decreased. USD/JPY traded around 157.20 on Tuesday. Daily chart analysis shows an uptrend as the pair consolidates in an ascending channel pattern. Additionally, the 14-day Relative Strength Index (RSI) is above the 50 level, indicating a bullish trend. Significant hurdles can be seen at the psychological level of 158.00. A break above this level could provide support, potentially guiding the USD/JPY pair towards the vicinity of the upper boundary near the 158.60 level. The next level of resistance is seen at 160.32, which marks the highest level in over thirty years. On the other hand, the lower boundary of the ascending channel, roughly at 154.90, stands out as key support, coinciding with the 34-day Exponential Moving Average at 154.86. A breach below this level could intensify bearish pressure on the USD/JPY pair, potentially steering it towards the pullback support area around 152.80.by TVS-TraderUpdated 114
Bullish USDJPYi am seeing resistance and a consolidated area, we’re looking for that pullback, once we get that confirmation we’re going in. REMEMBER risk management. I personally do a strat called #SETANDFORGET Longby outletswan112
USDJPY SHORT Position to 155.565I see price double top on the 30 Minute time frame at a resistance level. it looks like it made a lower high, signaling a reversal to the downside within that level that I have marked up. I marked the level on the h4 and scaled in the 30M to come up with this analysis. Comment below and let me your thoughts on this. by bsmoove2121113
UJ DAY TRADE IDEA 12/6/2024 4 hour chart: Uptrend toward supply zone 1 hour chart: uptrend toward Higher high Macd 1 hour show divergent which mean it might have a CHOCH soon happend in 1 hour timeframe. Order advice: 157.59 sell 157.79 SL 156.59 tp Risk with small lose , gain big profit PS: overall the trend is still valid strong bullish, but im waiting at lower entry for long, meanwhile i would risk to sell due to the reason of divergent signal! Shortby kenny6465223
USDJPY still bullishUSDJPY still bullish so far with higher targets as marked in the chart if JPY didn't do anything about it .Longby rekoo20111
Good idea! Good analysis! What do you thinkFollowing 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.by JellytianUpdated 111
Signals for USDJPYTrade 1: Internal range model 2 setup Trade 2: Range model 1 setup - sweep of the internal range high Trade 3 and 4: Same as trade 1 and 2 but for the external range Confirmation: 15m flip in market structure with follow through Follow for more by Trade-Journal111
Continue buying USDJPYDear traders! USD/JPY jumped more than half a percent within minutes after the release of US Nonfarm Payrolls (NFP) data on Friday and edged higher to 156.35 after the US Dollar (USD) ) was strong thanks to better-than-expected results, showing that investors' sentiment is very positive. By maintaining this high level, Conan optimistically assesses that in the coming time, the upward trend of this currency pair seems to open up certain opportunities. The break of the resistance area and confirmation of 156.35 as new support creates a medium to long-term buying scenario up to the 158.50 level.Longby ConanForexUpdated 171757
USDJPY Possible Bearish MoveLiquidity grabbed, Bearish move in play from the major high, price heading to a FVG, hopefully to continue the sell. Remember: Risk Management Very ImportantShortby habinelUpdated 1111
USDJPY Will Fall! Sell! Here is our detailed technical review for USDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 157.343. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 157.222 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 223
Market Crash - Bank of Japan Yen InterventionThe rising wedge and fakeout above aren't great for my thesis, but as I've shown before, a rising wedge is not 100% a bearish result. Odds are in favor of downside, but we also have to consider that this is a secondary trend. The longer term levels will overrules the shorter term ones. However, until it breaks above 160 and keeps going, there's potential that that was the top. The BOJ is trying desperately to save the Yen, spending tens of billions of dollars and they've stated they are ready to spend more, they want to set the tone that $160 is it. I think this is a futile effort. Even after two separate interventions with over $50 billion of spending, the Yen is still struggling and short interest continues to grow. They saved it in 2022, but I think this time is going to be different and that's what marks the start of the crash.Shortby AdvancedPlays221
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 CFI110
USD/JPY LongContext: • W and M showing (yet to be confirmed) rejections: Neutral with bullish touch • Respecting Daily FVGs • 2h big bullish FVG, 4h close above equal Highs Idea: • Entry in area between 156.600 - 156.15 with LTF reversal (e.q. 1h) Scenario: • Entry area should be approached without bearish FVGs • 4h close below 156.49 (Equal Highs): Caution! Scenario terminated: • 4h Retracement below 156.15: Trade is off Stop: • Determined by your entry setup Please feel free to comment with other ideas or questions. Longby MichaelBwUpdated 111
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
USD/JPY: Seeking Confirmation Below Daily Pivot PointHello Everyone, USD/JPY requires confirmation below the daily pivot point. Without this confirmation, it's likely to experience additional upward movement. The bearish outlook remains uncertain, but let's observe if there's potential for a downward push this time for USD/JPY! TradeWithTheTrend3344Shortby TradeWithTheTrend33448
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
USDJPY Expected move nowAs USDJPY shifted structure below I'm expecting selling opportunities on my -OB Shortby GoldenB556