Japanese authorities may have intervened twice in recent weeks to support the yen as it hit its lowest level in decades against the dollar, and they may have used reserves cash to do it. BofA said a drop in demand for U.S. Treasury bonds could push up interest rates slightly and narrow spreads on the secured overnight lending rate (SOFR), a reference rate tied...
Despite the dollar's general weakness against most of its counterparts, it continues to rise against the Japanese yen. The dollar rose 0.12% to 156.245 yen today, after previously reaching 156.80 yen. Japan's long-term yield remains low at 0.955%, even as the Bank of Japan's stance becomes more hawkish and the likelihood of a rate hike in June increases. The...
Looking to take a long at 156.784 (Daily resistance) Confirmations 1. Closed into new range on the daily charts 2. Strong uptrend 3. Price has rejected off entry in the past 4. Monthly looks like it's trying to flip and drive 5. Price is slowing down near entry signalling a possible reversal Stops are placed below the nearest 4 hour higher low
USD/JPY is the abbreviation for the U.S. dollar and Japanese yen cross. Trading this currency pair is known as the "gopher". The USD/JPY tends to have a positive correlation with the USD/CHF and USD/CAD, they all use the U.S. dollar as the base currency. The Yen is sensitive to factors related to Asian stock exchanges and due to the interest rate differential with...
USDJPY increased yesterday, and bar D1 yesterday closed beyond the previous Inside bar pattern, creating a breakout to establish a new high, continuing the push to the bottom. This breakout could add further upside momentum to USDJPY D1. Structurally, USDJPY D1 is still moving sideways in the main price increase in D1. USDJPY H1 broke out of the accumulation...
According to Head & shoulders on Weekly Time frame Convergence On CCI So Crazy Opportunity !!! we wil see it
USDJPY is on the way to perform a massive drop on the long term, but actually i am looking to scalp it on this boring friday. I am waiting a possible long setup, that could start with a little drop till the support zone 154.75, and here i expect a bounce. Only if the price will start to bounce there, i will look for a long tomorrow, at the beginning of the NY session
The USD/JPY pair has still some room to fall, though a very lucrative entry level for Dollar bulls is just around the corner. Around 152.00, not only a pivotal level and the 55-day Simple Moving Average (SMA) is nearby, but also there is a long-term ascending trend line just beneath to provide support. This makes it the perfect entry level for any US Dollar buyers...
We have seen 2 interventions from the BOJ over the past 2 weeks. The first came when the USDJPY hit between 158.000 and 160.000 and the second when it hit almost 158.000. With the BOJ warning that it is ready and willing to step in again, how smart is it to try to catch the ride down if or when the BOJ steps in again? Finance Minister Shunich Suzuki...
USD/JPY formed a bullish peanut pattern, indicating potential upward movement. A breakout from this pattern suggests a bullish trend continuation, with traders likely eyeing further gains in the pair.
USDJPY is still continuing to adjust upward as expected, currently the important conversion resistance level around 156 is being approached, this is the price area where we are looking to sell, please pay attention to the signals here as the price approaches, Consider reopening short positions if reliable bearish signals appear, especially on the daily...
The Japanese yen USDJPY rose 0.6% on Monday, although trading volumes in the currency were limited due to a market holiday in Japan. The rate is inversely linked to the strength of the yen, which has fallen sharply from a 34-year high of more than 160 yen last week amid signs of repeated government intervention in currency markets. But given that the...
My old friend finally decided to listen to me and make a good drop. More is coming of course, and i expect a reclaim of the 146.000 level sooner or later (probably before june). I placed another sell limit at 154.500, in case will see a spike to liquidate some shorts. Holding all for the long term
Taking a buy position at 154.759. I haven't seen too many signs showing any weakening in this pair. We are about to break through a previous old high, I'll be holding this trade up until the 164 area or until I see serious signs of weakness on this pair, for now I'm long and will continue to trade with the trend. Let me know your thoughts or if you see something...
The Japanese yen experienced a notable rise on Monday, which analysts interpreted as a potential sign of intervention by Japanese authorities in the foreign exchange market. The move comes after a significant depreciation of the yen, which has fallen nearly 11% against the dollar this year and 35% over the past three decades, recently hitting a 34-year...
TP: 160.000 SL: 157.011 In this trading strategy, we present a compelling opportunity for a long position on the USDJPY currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
Dear Traders, Hope you are doing great, right here we have an excellent opportunity of buying USDJPY, JPY plummeted few days ago as BOJ kept the interest rate as the same and decided not to change. Leading a heavy sell off on YEN. However, price did make strong correction right after the sell off, though we think it was temporary correction. Right now price is at...
The Japanese Yen has been on a rollercoaster ride recently, weakening against the US dollar. This has sparked concerns in Japan, but the government has remained tight-lipped on whether they've intervened to prop up the currency. This silence, some argue, is a strategic necessity in the face of a more dominant player: the US Federal Reserve. Traditionally,...