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Watch out for BoJ tomorrowThe BoJ will be coming out with its interest rate decision tomorrow. Be careful with your yen positions, if you have any. #nzdjpy FX_IDC:NZDJPY EASYMARKETS:NZDJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Pressure Builds Ahead of Major Central Bank Marathon It's a huge week for central banks with the Bank of Japan (BOJ), Federal Reserve (Fed), and Bank of England (BOE) set to deliver their decisions within a 32-hour window. Market activity remains largely subdued in anticipation. The BOJ’s decision is the most unpredictable. Current market sentiment suggests a ~60% likelihood of a 10-basis point hike and a ~40% chance of no change. A lack of action could undermine the yen's recent gains with a potential resistance at 155.30 (100 MA). The Fed's announcement is scheduled for Wednesday. Market expectations for a rate cut are just 5%. Investors are keenly awaiting any signals regarding a potential move in September. Finally, the Bank of England has the market guessing with an almost 50 –50 chance for a cut. GBP traders are also digesting a key speech from the new finance minister Rachel Reeves in which she unveiled plans for some spending cuts/ or tax increases to fill a £22bn spending shortfall that was 'covered up' by the Conservative government. Traders now also have 30th October to look forward to as the date of the autumn budget.
by BlackBull_Markets
USD/JPY 151.95Sometimes all that a trader needs is a single line in the sand. And last week, just as in early-May, that was the case in USD/JPY. The same 151.95 level that marked the high in 2022 and 2023 has come in for support a second time so far in 2024 trade, and that was the level where the bleeding had stopped on Thursday. Interestingly this also shows as RSI pushes down to the 30-level on the daily chart and that's something that hasn't happened since last-December, right around when the pair had set its recent low. Next week brings both the Bank of Japan and the Federal Reserve for rate decisions so this can certainly change: But there could be wide-ranging consequences if it does. The Nikkei sold off hard last week as Yen-strength re-appeared, and tech stocks in the US took a nasty turn, as well. So, as always, there's no free trade here. But there is support. And if bears can force a deeper move there's another level lurking below, around the 150.00 psychological level, that comes in as a point of interest. -js
by FOREXcom
Will the Yen Surge? When the FED and BOJ Diverge?With the potential of the Federal Reserve lower rates and the possibility that the BOJ will increase interest rates, this could be a great trade. The BOJ has kept interest rates in the negatives for quite some time and after years and years, inflation was able to manifest itself and push the BOJ to be one of the last Central Banks of the G7 nations to increase rates. I am thinking with a divergence between the FED and BOJ, price could move lower to the 130 lvl. If the 150 lvl is breached and price is able to hold above it for a significant time (after the BOJ and FED meetings in a few days) , then traders and investors will likely push price above the 152 lvl. The BOJ may attempt to conduct Forex operations, but with the amount it has done so far, it would likely have minimal effects and will likely be forced to raise rates and/or adjust its YCC further. Either way, I think the over trend is going to be to the downside. Do your own due diligence when placing a trade trade. Manage your risk. You could lose more than you put in. Y'all have some great trading out there.
Short
by DollarSaenz
2
Buy EUR/JPY Head & Shoulder PatternThe EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to formation Head & Shoulder pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 167.12. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 169.38 2nd Support – 171.10 Stop-Loss: To manage risk, place a stop-loss order below 164.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
4
Heading into 50% Fibonacci resistance?USD/JPY is rising towards the pivot which is a pullback resistance and could reverse to the 1st support level which is also a pullback support. Pivot: 154.76 1st Support: 152.21 1st Resistance: 157.64 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
GBPJPY Correction technically over. Buy opportunity.The GBPJPY pair is currently on a 3-week correction, the strongest and longest since the one that ended on the week of December 11 2023. That was also the last time the pair closed a 1W candle below the 1D MA50 (red trend-line). As the long-term pattern is a 22-month Channel Up, every 1W candle closing below the 1D MA50 is a buy opportunity. The last Higher High was priced on the 1.5 Fibonacci extension from the first 1W closing below the 1D MA50. As a result we treat this as a new long-term buy opportunity with our Target at 210.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Bullish bounce4 off 161.8% Fibonacci extension?USD/JPY is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 153.63 1st Support: 152.21 1st Resistance: 155.736 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Carry Trade Unwind Boosts Yen R2 159.45 – 12 July high – Medium R1 158.86 – 16 July high – Medium S1 155.37 – 18 July low – Medium S2 154.55 – 4 June low – Strong USDJPY – fundamental overview A large carry trade unwind via Aussie and Mexican Peso sales against the Yen, along with increased odds for a BOJ rate hike at the end of the month were behind the latest run of Yen demand. Key standouts on Wednesday’s calendar come from German consumer confidence, German and Eurozone PMIs, UK PMIs, Canada housing data, Canada manufacturing sales, the Bank of Canada policy decision, US PMIs and new home sales, and Fed speak. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
Potential bullish bounce?AUD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which is also a pullback resistance. Pivot: 102.64 1st Support: 101.59 1st Resistance: 103.88 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Falling towards pullback support?NZD/JPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit. Entry: 93.53 Why we like it: There is a pullback support level. Stop loss: 92.44 Why we like it: There is a pullback support level which aligns with the 78.6% Fibonacci retracement. Take profit: 95.10 Why we like it: There is an overlap resistance level which lines up with the 23.6% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
1
USDJPY But signal when the 1D MA50 breaks.Last time we looked at the USDJPY pair (May 22, see chart below), it gave us a solid buy signal at the bottom of its Channel Up: Since then the price got rejected on Resistance 1 (161.950), forming a Diverging Higher Highs trend-line and pulled back below the 1D MA50 (blue trend-line) and at the bottom of the (blue) 7-month Channel Up. Once the price breaks above the 1D MA50 and better yet the 1D RSI breaks above its MA period (yellow), we will have a new buy opportunity at our hands as in the past 4 occasions that has taken place, it was the absolute bullish break-out confirmation. If it does again, we will buy and target 163.000 (contact with Diverging Higher Highs trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Heading into 38.2% Fibonacci resistance?CAD/JPY is rising towards the pivot and could potentially reverse from this level to the 1st support. Pivot: 115.50 1st Support: 113.82 1st Resistance: 116.23 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Strong JPY, Weak Nikkei. Trading Plans Post FallAs the JPY has gained value, on propping up rumours via Japan Authorities, we have seen a drop in the Nikkei. The pro growth rates set by the BOJ have allowed the Japanese Nikkei to grow to higher highs continually, inline with the positive market sentiment spurred on by a better global economic outlook and a soft landing. A retracement, however, would reflect some of the economic woes induced by low rates. Anything that turns this around will likely take us back to highs. Conversely, a continuation of current sentiment will bring us lower. Any longs, therefore, must be tiny, if any. Save them till later.
SPREADEX:NIKKEI
by WillSebastian
2
$JPIRYY -Japan Inflation Rate YoYECONOMICS:JPIRYY (March/2024) The annual inflation rate in Japan ticked lower to 2.7% in March 2024 from February's 3-month peak of 2.8%, matching market consensus. There were slowdowns in prices of transport (2.9% vs 3.0% in February), clothes (2.0% vs 2.6%), furniture & household utensils (3.2% vs 5.1%), healthcare (1.5% vs 1.8%), communication (0.2% vs 1.4%), and culture & recreation (7.2% vs 7.3%). At the same time, inflation was stable for food (at 4.8%), housing (at 0.6%), education (at 1.3%), and miscellaneous (at 1.1%). Meanwhile, prices of fuel, and light dropped the least in a year (-1.7% vs -3.0%), with electricity (-1.0% and -2.5%) and gas (-7.1% vs -9.4%) falling at softer paces as energy subsidies from the government would fully end in May. The core inflation rate fell to 2.6% from a four-month top of 2.8%, slightly below forecasts of 2.7%. Monthly, consumer prices rose by 0.2% in March, the most since last October, after being flat in the prior two months. source: Ministry of Internal Affairs & Communications
ECONOMICS:JPIRYY
by Mr_J__fx
Heading into 38.2% Fibonacci resistance?CAD/JPY is rising towards the resistance level which is an overlap resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 115.51 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 116.29 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Take profit: 113.80 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Bearish drop?GBP/JPY is rising towards the pivot which is an overlap resistance and could reverse to the support level which acts as a pullback support. Pivot: 204.73 1st Support: 202.54 1st Resistance: 205.98 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
Bearish drop?USD/JPY is rising towards the pivot and could potentially reverse to the pullback support level. Pivot: 157.66 1st Support: 155.73 1st Resistance: 158.72 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets