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Usdjpysignal

USD/JPY Weekly Analysis: At last Japanese PM comments on JPYThose who have been doing forex for a long time know very well that the Bank of Japan occasionally intervenes in the forex market on JPY. The most interesting thing is that last week, the Japanese Prime Minister Kisida indirectly intervened in JPY. This is why the Japanese yen has strengthened quite a bit against the dollar. Although USD / JPy did not drop much like that, but in the days to come USD / JPy has created a chance to drop. Although it is very difficult to say with certainty, because in the last few years, inflation in Japan is now skyrocketing. According to this month's report, Japan's national CPI has risen from 1.2% to 2.5%. This is the highest in the last 8 years. Last week, Japanese Prime Minister Kisida said prices of raw materials had risen on the one other hand, and the weakening yen had made life and trade difficult. Such comments from a Prime Minister are a kind of indirect intervention. Japanese Yen Safe Haven Currency We all know this. But we haven't seen it in the Japanese yen movement in the last few months though. The main mastermind behind the weak yen though is the Bank of Japan itself. The Bank of Japan has used various tricks to weaken the Japanese yen in order to stabilize Japan's bond market and keep inflation targets in check. The Japanese yen has had a negative correlation with the US bond market due to safe haven. In other words, as the US bond rate rises, the Japanese yen, as a safe haven, weakens, just like gold. Just as gold has strengthened somewhat since the US bond market dropped last week, so has the Japanese yen. Falling of the US 10 years bond and the Japanese prime minister’s comments on the weak Japanese Yen helped USD / JPY to drop. Technically, however, USD / JPY may drop more in the next week, as USD / JPY has broken below of the trend line support. However, if 127.00 / 126.85 is not broken out, maybe USD / JPY will not drop much. And for this we need a big catalyst. And it could be next week's FOMC. After FOMC we will know if USD / JPY will be stable below 126.85 or not. If USD / JPY stabilizes below 126.85, then technically there is a hope that USD / JPY might test up to 125.00 and 121.00 again. Major support from current rate is 127 / 126.85 price zone. If the market is stable below 126.75 then the next target is 125.00 and if the breakout is 125.00 then the final target is 121.50. Although I do not yet think that USD / JPY will drop below 125.00 very easily. Because in the coming days, the Fed will raise the benchmark. Bank of Japan’s bank rates on the other hand is still -0.10% and there is no sign that they are going to hike rates very soon. So, as a carry-on trade, it may still be profitable for investors to have USD/JPY in buy mode. Since the Japanese yen is safe haven, and the Japanese prime minister sees the weak Japanese yen as a problem, So, USD / JPY has created an opportunity to go down further. On the other hand, if USD / JPY stabilizes above 129.80 again, the market may test 131 / 131.50 area again. And if it breaks above 131.50 this time, our last target is 135.00 area. 135.00 Area Very Critical Resistance Level. Correction can easily drop from 135.00 market.
Short
by Gold_Trading_Expert
USDJPY | Perspective for the new weekGoing into the new week, the upside potential of the Greenback against the Japanese yen appears to be becoming more limited as falling Treasury yields is undermining the pair’s most potent logic. Technically, the appearance of a double top structure right above the 131 area followed by the breakdown of the neckline is a signal that there is a risk of further decline probably in a short term. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDJPY: Dollar remains King!!USDJPY Intraday - We look to Buy at 128.34 (stop at 127.42) Buying pressure from 128.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Preferred trade is to buy on dips. Our profit targets will be 130.47 and 130.75 Resistance: 129.50 / 129.75 / 130.00 Support: 129.25 / 129.00 / 128.75 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
USDJPY | follow-up detailsThis is a follow-up detail to my previous speculation about this pair (see link below for reference purposes). So in this video, I explained how I plan to take advantage of a buying opportunity. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1
USDJPY | Perspective for the new weekUSDJPY traded up and down as participants anticipate Fed speak during the course of last week's trading session after which we witnessed a spike down into the buy opportunity area around 128.5 that we identified at the beginning of last week's trading session ( see link below for reference purposes - Following the test 128.5 was the appearance of a reversal pattern which might be the basis for a bullish bias going into the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
USDJPY | follow-up detailsThis is a follow-up detail on the USDJPY that was published 2 days ago (see link below for reference purposes) where we were expecting the price to retrace to a minimum of 129.1 but It appears the price is finding it difficult to break the support level at 129.500 which shall become our new demand zone if this level continues to hold price action. In this regard, we should be looking for a breakout of a new key level for a bullish signal in the nearest future. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
USDJPY | Perspective for the new week | follow-up detailsA follow-up detail on the USDJPY that was published sometime last week (see link below for reference purposes) where we locked in about 300pisp from our second entry. Despite a considerable pullback from two-decade highs (which kicked us out of our first entry)during last trading week's trading session hereby edging lower some 0.52%, amid broad US dollar weakness; the bullish momentum that began at the later part of last week's trading session appears to submit a signal that participants still have confidence in the Greenback. So, the key level identified $129 area shall be our yardstick for either a bullish (which I think is very likely) or bearish (retracement of the long-term uptrend) momentum going into the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
USDJPY | New perspectiveConsidering the long-term bullish momentum on the USDJPY where we continue to see the Greenback grow immensely against the Yen in the last 4 months; I am looking forward to a buying opportunity above the key level identified at the 128 area. However, should a breakdown/retest of the bullish trendline on the 4H timeframe... we might be looking forward to a retracement. I shall keep an update on this trade in the comment section on my Tradingview account. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1