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Usdjpyanalysis

USDJPY: Fibonacci!During the Asian session on Tuesday, USD/JPY is struggling to rebound from its losses in the previous day. The pair is treading water around 146.60 as market participants await the release of the US Consumer Price Index (CPI). The downward pressure on the pair can be attributed to both bullish comments made by the Bank of Japan (BoJ) and a lackluster performance by the US Dollar (USD). Governor Kazuo Ueda's recent remarks indicate that there is a possibility that the Japanese central bank may consider reversing its negative interest rate policy. This development has added further uncertainty to USD/JPY movement in recent days.
Short
by Sphyn-Trader
1
USD/JPY overreacts to rate hike signal from BoJ? A huge gap in USD/JPY has appeared to start the week after comments from Bank of Japan Governor Kazuo Ueda about a possible end to its negative interest rate policy (NIRP). In a Saturday Yomiuri newspaper interview, Governor Ueda mentioned that by the end of the year, the BOJ could accumulate enough data to assess whether the conditions are present to raise interest rates. Ueda comments follow a series of hawkish comments by BOJ officials in recent weeks amid inflationary pressures within Japan. On Monday morning, USD/JPY retreated from its 10-month peak of 147.87. It traded down to 145.89, found resistance just below 147.00, before finding a home around 146.56. Is the market overreacting to Ueda’s comments though? His talk of an exit doesn’t suggest any big changes to monetary policy this year at least, and moving from –0.10% to non-negative rate is symbolically important, but the BoJ (Bank of Japan) rate is still 5 percentage points behind the Fed’s. Knowing this, would you be surprised if the USD/JPY begins its assent again? US CPI (Consumer Price Index) data out this Wednesday could be a catalyst for the pair to target 147.00 again, depending on whether price pressures rise more than expected (currently the consensus is for a rise from the current 3.2% to 3.5%)
by BlackBull_Markets
CHFJPY I Short-term buy and potential move lowerWelcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
2
DeGRAM | USDJPY short opportunityUSDJPY has reached major structural resistance and the upper border of the ascending channel. Then it dropped from there. Price action created a gap. Usually, the market fills the gap. Currently, it is pulling back to fill the gap. A false break is going to be an ideal short entry signal. We can see the price droped from this level before. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5
USDJPY I Weekly forecast and opportunity aheadWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
8
USDJPY | Perspective for the new week | Follow-upIn a fresh turn of events, USDJPY surged to new intraday highs on Friday, but the question remains: Can it sustain its four-week uptrend? Meanwhile, Japan's economic output hit levels above full capacity in April-June for the first time in nearly four years, raising questions about the possibility of a shift in ultra-low interest rate policy. Adding to the intrigue, Japan’s Finance Minister, Shunichi Suzuki, weighed in on Friday, emphasizing the undesirability of sudden FX movements and asserting that Forex rates should be influenced by market conditions and fundamental factors. On the flip side, wage growth in the U.S. is showing signs of slowing down, adding a layer of complexity to the job market. These mixed signals are fueling uncertainty about the Federal Reserve's forthcoming interest-rate decision, scheduled for September 20th. Fed Chair Jerome Powell's recent remarks at the Jackson Hole Symposium underscored the importance of incoming data, particularly in the context of the evolving relationship between inflation and employment. So, as we look ahead, what does the coming week hold in store for USDJPY? USDJPY Technical Analysis: In this video, we conducted an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is still within the key zone of 144. 600 and 146.600 zone, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that has led to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come. Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together. Wishing you the best of luck as you chart your course in the USDJPY market this week. #USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
1
BluetonaFX - USDJPY Market UpdateHi Traders! USDJPY is looking as strong as ever and does not seem to be slowing down anytime soon. Our long-term bullish outlook on this pair has worked perfectly. Since we broke the 145.073 range zone resistance, the market has continued with bullish momentum. We also had a bull flag opportunity on the 1D chart that was executed very well. The market is on its way to the psychological 150 level, which was always our long-term target. We are still on track to reaching that level as long as we remain above 145.073 and our 20 EMA. We will be looking for opportunities to buy any further dips, which we have not had on the longer time frames since the break of 145.073, so to do this, we will look at shorter time frames for more buy entries. Please do not forget to like, comment, and follow, as your support greatly helps. Thank you for your support. BluetonaFX
by BluetonaFX
2
USDJPY Carry Trade PressureThis summer, quiet markets favored the carry trade. Popular funding currencies here are still the JPY and the CNY. The carry trade involves borrowing low-interest currency and investing in high-interest currency to profit from interest rate differential and exchange rate movements. Traders often use JPY and CNY as funding currencies due to their low-interest rates and stable exchange rates, with USD being a popular target currency due to its higher interest rates and a strong economy. A higher USD/JPY means that the USD appreciates against the JPY, which is good for the carry trade. A lower USD/JPY means that the JPY is appreciating against the USD, which is bad for the carry trade. Short-covering rallies in the JPY may happen during risk-off periods, such as the bond sell-off in early August. However, the carry trade can only be disrupted by a consistent increase in volatility. July's adjustment to the Bank of Japan's Yield Curve Control, which involved raising the cap on 10-year JGB yields to 1.00% from 0.5%, did not result in a stronger yen. No additional changes by the Bank of Japan are expected until late October. It seems that the BoJ may have to intervene once more if the USD/JPY goes above 145/146 in order to limit its topside. If we see a weaker dollar in 4Q as well as some additional BoJ adjustments will may see it push back down to 130. Just a small note, I did not enter the trade yet. For now it remains an idea
Short
by RomanoRnr
UsdJpy- Will it test 150 again?Two weeks ago I drew attention to the 145 level that should provide support for UsdJpy. Indeed, the pair reversed twice from this level with a very strong reversal last Friday. As we clearly see from the chart, the trend is strongly bullish, and the only thing that brings some buying power for JPY is BoJ. I expect continuation to the upside and a new test of 150. However, as I just said, KEEP IN MIND A BOJ INTERVENTION AND USE STOP LOSS!!!
Long
by Mihai_Iacob
22