Bearish Confirmation Needed Below 1W PP for USD/JPYHello Everyone, We're on track with USD/JPY. For bearish confirmation, we need to secure a position below the 1W PP. TradeWithTheTrend3344Shortby TradeWithTheTrend33443
USDJPY: Bullish short term. Attention at the top of the Channel.USDJPY is neutral on its 1D technical outlook (RSI = 53.858, MACD = 0.730, ADX = 52.633) and is rebounding after almost the second 1D MA50 test in 2 weeks. The pair is capitalizing on the bullish momentum of the 1 year Channel Up but this rebound could be the last before a correction, as the price is very close to the HH top trendline. Our goal is still that top (TP = 160.000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Longby InvestingScope6
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
USDJPY: Navigating Fundamental ControversiesAttention Traders, In today's trading session, our focus is on USDJPY, where we're eyeing a potential selling opportunity around the 155.700 zone. Currently, USDJPY is entrenched in a downtrend, undergoing a correction phase as it nears the critical support and resistance area at 155.700. From a fundamental perspective, there's notable contention in the market dynamics. The latest US CPI data came in softer than expected at 0.3, aligning precisely with the forecast. This tepid performance suggests that the US economy may not be surging ahead as anticipated, potentially dampening USD strength. Conversely, the JPY has seen elevated levels in recent periods, a factor that might prompt intervention from the Bank of Japan (BoJ) to stabilize its currency. Moreover, given its status as a safe-haven currency, the JPY tends to attract investors during times of uncertainty, further influencing its strength. As always, trade prudently and stay vigilant. Best regards, JoeShortby JoeChampion339
UsdjpyReject, time to correction for a long period This is not a financial advice dyorr Enjoyy🫡Shortby jupitertrade111
USD/JPY steady as Japanese economy contractsThe Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter. GDP declined by 2% y/y in the first quarter, following a revised 0% reading in Q4 2023. This was weaker than the market estimate of -15.%. On a quarterly basis, GDP declined by 0.5%, down from a revised 0% reading and just above the market estimate of -0.4%. The disappointing GDP release was a result of weak private consumption, which declined for a fourth consecutive quarter. Consumers and companies cut spending due to high inflation and sluggish wage growth. As well, exports decreased in the first quarter, as global demand remains weak. After several US inflation reports which pointed to higher inflation, April CPI reversed directions and dropped from 3.5% to 3.4%. The decline in inflation, especially in the core rate, raised expectations of a Fed rate cut and sent the yen surging 0.98% in the aftermath of the inflation report. The markets have priced in a September rate cut at 70% and a rate cut before the end of the year at 92%, according to the CME FedWatch tool. Overlooked by all the attention to the inflation report, US retail sales fell to 3% y/y in April, down sharply from a revised 3.8% in March. Monthly, retail sales were flat, compared to a revised 0.6% in March. This points to consumers cutting down on spending due to high interest rates and high inflation. USD/JPY pushed below support at 154.21 earlier and put pressure on support at 153.51 There is resistance at 155.38 and 156.08by OANDA111
USDJPYAs we analyzed on last chart, UJ hit our target. If anyone still hold it, careful about your TSL. Use proper risk management. Thank youLongby joelkurien0
USDJPYLooking for a buy opportunity. Reason to Buy: 1. waiting for a breakout and retest of downtrend line 2. making 'W' pattern in 5 and 15 minute chart. Use proper risk management. Thank youLongby joelkurienUpdated 5
Usdjpy sell 154.90USDjpy broke below support ma on 4hr chart and declined rapidly, now rebound to test yellow declining resistance SCD band. Let’s see if sellers can push price down to test bottom bolinger on 4 hr chart. Sell 154.90 If price moves higher in to resistance I will look to increase my position.Shortby Forexblade112
Orders after liquidity are goated Orders are going to be collected before our risk reduced entry by Godzillaviews0
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 CFI6
USDJPY Buy PotentialIf the price closes 156.547 and stabilizes, we can think about buying this currency. Of course, due to the slow movements of this currency pair, we can consider a slow and continuous movement for it in the coming hours of the market, of course, the news of the dollar and Japan will also affect it, and the fundamentals will also be involved.Longby EisaSafariUpdated 112
USDJPY Sell potentialIf the market breaks the zone we can expect. This is a great opportunity and not to be missed.Shortby EisaSafariUpdated 222
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
USDJPY SELL | Idea Trading AnalysisUSDJPY returned to the ascending channel and reached the dynamic support. 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 TheGroveUpdated 6626
USDJPY _ BUYHistory Repeats Well on the way now Jobless Claims comming out in 4 hrs Supposed to all be lower So should be weaker for the USD But Who the knows Trendis is your friend until the Moving average breaks Longby NZ_Shareman2
The US Dollar Is Weakening Following Inflation DataThe US Dollar Is Weakening Following Inflation Data Yesterday saw the release of key economic indicators for the US. According to ForexFactory: → Core Price Index (CPI) monthly: actual = 0.3%, expected = 0.4%, previous = 0.4%; → Core Price Index (CPI) annual: actual = 3.4%, expected = 3.4%, previous = 3.5%; → Retail Sales monthly: actual = 0.0%, expected = 0.4%, previous = 0.6%. Concerns about rising inflation did not materialise. Reuters reports that unchanged retail sales suggest conditions are forming for interest rate cuts. Financial markets reacted significantly, with the US dollar weakening: → As we reported yesterday, signs of slowing inflation increased market participants' belief in imminent rate cuts, leading to the S&P 500 stock index (US SPX 500 mini on FXOpen) reaching an all-time high; → Gold prices reached a high not seen since April 21; → Other currencies strengthened against the US dollar. An interesting situation is developing on the USD/JPY chart. Applying Fibonacci ratios, we note three instances where price recovery halted around the 0.382 level: → Recovery from B to C following the impulsive decline from A to B; → Recovery from D to E after the impulsive decline from C to D; → Recovery from F to G after the 3-wave decline from A to F. According to technical analysis of USD/JPY, these proportions indicate that demand is consistently fading with each attempt to restore the upward trend described by the blue channel. Moreover, the local peak at G provides information about the median line, acting as resistance. Therefore, there are grounds to assume that bears will continue to dominate, pushing prices downward. If this scenario unfolds, lower support levels (151.85, 150.88, psychological level 150.00), as well as the lower boundary of the channel, will test the seriousness of the bears' intentions. 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 FXOpen229
USDJPY- look like bounce from weekly supportHello, USDJPY bounce from week support and RSI Divergence giving me confirmation for enter long 1H TF. Longby kashifone1Updated 2
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
Japan's yen shows rise by usdjpyIn the near future, USDJPY will show us significant growth. Please follow this case!! Against GBP, the USD is showing signs of decline, the Japanese yen is the opposite by datinhboynewUpdated 221
USDJPY Sell In ProgressAfter the pullback, USDJPY is ready for the big drop. Follow risk management Shortby PotentFXUpdated 448
Minimal effect of intervention The USD/JPY has slip after touching the 160.00 region and it is suspected as an intervention during the trading holiday in Japan. However, the effect was quite minimal as the dollar/yen pair saw bullish strength at 151.972 support. Going forward, USDJPY may head higher to test the immediate resistance at 151.70 before another round of sell-off occurs. mid to long term wise, we believe USD/JPY may head higher towards 162.71-163.74 resistance zone. Longby William-tradingUpdated 222