JPYUSD - Time to go Long and RISK-OFFFX_IDC:JPYUSD FX:USDJPY Japanese Yen about to fly, fasten your seatbelts, and enjoy the ride. Risk-OFF trade is coming. Generational Wealth awaits.Longby TheHopinionist223
My Bet on USDJPY 155 Short. Comment Your Opinion Reason for entry : Weekly and Daily Supply area, I see potential for a minor retracement .DXY is showing signs of retracement too. Shortby farsi_fx337
Analyzing Market USD/JPY: Japanese Intervention Risks At the beginning of Wednesday, the USD/JPY pair continued to hover below 155.00, a clear signal of the strength of the Japanese Yen. This stability is primarily supported by underlying risks of impending intervention from Japan. A slight decline in the US Dollar and US Treasury bond yields is also weighing on this currency pair. However, chart analysis reveals that the price is still supported by an upward trend, bolstered by technical indicators such as the Relative Strength Index (RSI) and the Simple Moving Average (SMA). If the price breaks above the defensive level of 155.00, we could witness a strong upward momentum for this currency pair.by Stephen_Anders43
USDJPY - BULLISH MOMENTUMPrice seems to be maintaining a very bullish momentum. But this is a neutral setup for me, where as : - A decline on my current support level indicates a buy, - a breakout on my current support may indicate a sell move - And most definitely a breakout of our current resistance will be additional confirmation of a bullish move. by Mlando171
USD/JPY Analysis: Prospect of a Breakout of the Level of 155USD/JPY Analysis: Prospect of a Breakout of the Level of 155 Yen per Dollar The USD/JPY rate has consistently reached new highs since 1990, approaching the psychological level of 155 yen per US dollar. The Japanese currency has already fallen about 9% against the dollar this year. This is supported by Jerome Powell, who suggested yesterday that US interest rates are likely to remain high for longer. He refused to give any guidance on when interest rates might be cut, greatly dimming investors' hopes for significant easing this year. Market participants now expect a 40 basis point rate cut in 2024, significantly lower than the 160 basis point easing they were counting on at the start of the year, according to FedWatch. At the same time, traders are focused on whether Japanese monetary authorities will intervene to support the currency as it deteriorates rapidly. Officials have stepped up warnings of possible intervention, although analysts also say fighting the dollar's strong bullish trend will be difficult and costly. Japanese Finance Minister Shunichi Suzuki said on Tuesday he was closely monitoring the yen's exchange rate against the US dollar today and would take "strengthened response measures if necessary." “Today, intervention can only help slow or contain the pace of depreciation, but cannot reverse the trend,” Kenneth Broux, head of exchange rate research at Societe Generale, told Reuters. Japan last intervened in the foreign exchange market in 2022, spending an estimated USD 60 billion to defend the yen. Technical analysis of the USD/JPY chart shows that the market is moving in an uptrend, judging by the fact that the Awesome indicator is above the zero line. Wherein: → long lower shadows on the candles (shown by arrows) indicate the strength of demand; → if we take consolidation zones A and B as the basis for constructing the median of the ascending trend channel, and the March minimum as the basis for constructing its lower border, then the target of the unfolding growth may be the level of 156 yen per US dollar, where the upper border of the channel lies; → in case of a rollback, the USD/JPY price may be supported by the former resistance at 153.400. 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 FXOpen228
Market Analysis: USD/JPY Extend RallyMarket Analysis: USD/JPY Extend Rally USD/JPY surged and broke the 154.00 resistance zone. Important Takeaways for USD/JPY Analysis Today USD/JPY climbed higher above the 153.40 and 154.25 levels. There is a connecting bullish trend line forming with support at 154.25 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a strong increase from the 152.60 zone. The US Dollar gained bullish momentum above 153.40 against the Japanese Yen. It even cleared the 50-hour simple moving average and 154.00. The current price action above the 154.00 level is positive. A high is formed at 154.78 and the pair might continue to rise. Immediate resistance on the USD/JPY chartis near 154.80. The first major resistance is near 155.00. If there is a close above the 155.00 level and the RSI stays moves 50, the pair could rise toward 155.50. The next major resistance is near 156.20, above which the pair could test 158.00 in the coming days. On the downside, the first major support is near the 23.6% Fib retracement level of the upward move from the 152.58 swing low to the 154.78 high at 154.25. There is also a connecting bullish trend line forming with support at 154.25. The next major support is visible near the 50% Fib retracement level of the upward move from the 152.58 swing low to the 154.78 high at 153.70. If there is a close below 153.70, the pair could decline steadily. In the stated case, the pair might drop toward the 152.60 support zone. The next stop for the bears may perhaps be near the 150.00 region. 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 FXOpen6
USDJPY - No sign of CorrectionBoJ showed no rush to normalize policy, continuing to weaken the Yen. Chairman Powell also showed his opinion of not lowering interest rates early. This is boosting the USDJPY pair Longby EasyTradingOnline3
Long USD/JPYIn daily time frame, the price would try to touch the important resistant level which it has tried on Oct 24, 2022, Nov 14, 2023, this is the third time try to touch this resistant level. The interval between the previous two tries is almost one year, but the current third try just about 3 months after the second try. It looks the price has strong intention to break out this important resistant level and go North. The Guppy has completed the retraction, turned, and start multiple lines extending to North. Try to long USD/JPY and waiting for the important break out to North and the long term target is 177.1 on Aug 15, 2024Longby ChinaHelloWorldUpdated 3
USDJPY : Continue to receive support for price increases!USD/JPY continues to surge following its breakout above the 152.000 resistance level. The outlook for this pair remains bullish as the USD gains strength over the JPY, amidst Japan's current economic struggles and volatility. I maintain a bullish stance on this currency pair, as there are no signs of peaking yet, and prices remain stable above both the 34 and 89 EMA lines. This setup continues to favor buyers at this time, suggesting further upside potential.by Trader_BrianFXUpdated 112
Is BOJ's Intervention Hiding Behind Inflation Data? Is BOJ's Intervention Hiding Behind Inflation Data? Japanese inflation data is scheduled for release on Thursday, but its impact on the market might be subdued. Investors could prefer to pay attention to next week's quarterly growth and price forecasts from the Bank of Japan, which could be the real market movers. According to sources cited by Reuters, the Bank of Japan is transitioning towards a more flexible approach in its policy decisions, placing less emphasis on inflation targeting. The upcoming April 25-26 policy meeting will see the release of the Bank's quarterly growth and price projections. This shift in strategy suggests that the Bank of Japan may signal a willingness to raise interest rates irrespective of inflation forecasts, which are anticipated to remain around 2.8% or possibly dip slightly to 2.7%. On the technical side, the USDJPY pair could maintain an upward bias, with buyers potentially pushing it towards the 155.00 mark. Recent fluctuations in the USDJPY pair have prompted speculation about possible intervention by the Bank of Japan. After hitting a new high dating back to 1990 at 154.705, the pair experienced a swift and unusual downturn. Market watchers are closely monitoring the 155.00 level, considered another more likely potential intervention threshold by the Bank of Japan. Following a dip to 153.890, the pair rebounded towards 154.775, supported by neutral to hawkish remarks from US Federal Reserve officials. Fed Chair Powell, speaking at a panel discussion in Washington, highlighted the strength of the labor market and progress on inflation, suggesting the Bank was comfortable with allowing “restrictive policy further time to work”. by BlackBull_Markets445
USD/JPY Short FX:USDJPY Currently in a strong weekly supply zone currently looking for a short back down to 153.230 or even 152.800 then looking to see how it reacts down there for a possible retest of 155$ bring a big psychological levelShortby ScottyWhite222
USDJPYThis is my favorite asset, the uptrend is so solid for my trade and this impulsive could be the 3 of 3 wave The pair create a Leading Diagonal, usually works at the start of impulsive wave. Internal structure are 5-3-5-3-5, then a corrective ABC finished at the 0.38. My small experience give me the target zone of 2.61 of fib retracement (158.5) This analysis match with the probability of the C wave of the DXY at my previous post. The invalidation zone are 145ish.... Just in case the price could go far away the big zone is 164 (0.618 of the retracement since '85)Longby ManzanexUpdated 2
The content on this analysis is subject to change at any time wiThe 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.Longby iminigham11Updated 4
Technical Analysis: Adjustment in USD/JPYUSD/JPY is still maintaining a strong upward trend, reflecting the strength of the USD against the Japanese Yen. However, when looking at the chart, the Relative Strength Index (RSI) indicates signs that the market is trading in overbought territory. This suggests that there is a possibility for USD/JPY to experience a correction or a price decrease before continuing its upward trajectory. Therefore, investors may need to wait for a pullback or adjustment before making new investment decisions. by Daisy_Anna1
USDJPY - Expect retracement ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. For now I expect a retracement price to fill the imbalance lower and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!Longby Snick3rSD11
USD/JPY Maintains Strong Upward Trend Overal, USD/JPY is still maintaining a strong upward trend, reflecting the robustness of the US dollar against the Japanese yen. However, upon looking at the chart, it shows that the price has declined and touched the Simple Moving Average SMA 50 below the 154.00 level. Touching this area may require some modest pullbacks before any further increases occur.by Stephen_Anders38