Get started

Usdjpyanalysis

USDJPY 4H :Still support further rise USDJPY New forecast The USD/JPY pair is showing quiet positive trading, gradually approaching our first awaited target at 150.00, and the 50 moving average continues to support the price from below, waiting to cross the aforementioned level to achieve additional gains up to 151.00. Therefore, we will continue to favor the upward trend for the coming period, keeping in mind that breaking 149.24 will stop the expected rise and put pressure on the price to turn lower. The expect range trading for today it will between resistance line 151.00 and support line 149.24 . Additionally ,Today News will affect the market . support line : 149.24 , 148.89 resistance line : 150.00 , 151.00 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
USDJPY 1H : Support further rise upUSDJPY New forecast The dollar pair against the yen has fluctuated within a narrow path in the past sessions, and stabilized above the moving average 50, which continues to support the price from below, waiting for the resumption of the upward wave targeting levels of 150.00 and then 151.00 as the next main stations. On the other hand, you should be aware that breaking 148.89 will stop the expected rise and force the price to turn lower. The expect range trading for today it will between resistance line 150.00 and support line 149.24 . Additionally ,Today News will affect the market . support line : 149.24 , 148.89 resistance line : 150.00 , 151.00 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
2
USD/JPY Breaks Records with Over 60 Trillion Traded Between Jan The USD/JPY has been making waves in the market, soaring to unprecedented heights, with over 60 trillion dollar traded between January and September. Can you believe it? This is a monumental achievement! As a seasoned trader, you understand the significance of such a phenomenal trading volume. The yen's remarkable performance is a testament to its strength and stability in these uncertain times. I can't help but feel a sense of optimism and enthusiasm, once again reminding me why I love being a part of this dynamic trading community. Given the yen's incredible performance, I encourage you to consider taking advantage of this exciting opportunity and going long on the yen. With a robust trading volume supporting it, the yen proves to be a promising investment choice for both experienced traders and newcomers alike. Ride the wave of success and embrace the potential it brings! Remember, success favors the brave, and with the yen's impressive trading volume, now is the perfect time to dive into the market and long USD/JPY. Embrace the joy of trading, make your moves wisely, and harness the power of this extraordinary market development. www.asia.nikkei.com
Long
by bryandowningqln
USDJPY 1D AnalysisUSDJPY is currently experiencing rejection at a significant resistance level, which also aligns with a supply zone. On the 4-hour time frame (TF), the price is forming a double top pattern, suggesting the potential for a bearish price decline towards the marked support level, which may coincide with the bullish trendline. However, it's also possible that the price is currently consolidating at its current level before eventually breaking out of the resistance level, leading to a continuation of the uptrend. In such a scenario, I would be on the lookout for a buying opportunity. What are your thoughts on this analysis? Please share your comments below
by Popeson
BluetonaFX - USDJPY Post-NFP Market ReportHi Traders! The NFP announcement was released earlier today, and it came as a shock to the market. The number came in at a staggering 336K, which is almost double the expected number of 171K. With the payrolls number coming out so strongly, this is a sign that the US economy is still strong, and the high demand for the US dollar is expected to continue in the near future. This now puts huge pressure back on the JPY, and the Bank of Japan will surely have to intervene to avoid further Yen weakness. On a technical level, the level to look out for on the USDJPY is 150.000; the market has already reached it this week, and traders will be looking for another test at this level to see if the market can break above it. A break and a close of 150.000, and the only key level above it is the apex level at 151.946, and a break of that, and we will be in record-breaking territory. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
USDJPY 4H : Support further declineUSDJPY New forecast The USD/JPY pair was able to break the 148.89 level and hold below it, reinforcing expectations that the downward trend will continue effectively during the coming sessions, paving the way for achieving our main awaited target at 147.87 and 147.45. By closely looking at the chart, we find that the price is forming a double top pattern whose confirmation level is at 148.35, which means that exceeding this level will motivate the price to achieve additional negative goals that exceed the level mentioned above. so to confirm the bearish trend should stable below 148.35 . Therefore, we will continue to favor the bearish trend for the coming period unless the 149.24 level is breached and holds above it. The expect range trading for today it will between resistance line 149.24 and support line 148.35 . support line : 148.35 , 147.87 resistance line : 148.89 , 149.24 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
18
USD/JPY 15m Chart Analysis - Long to Retest the 150.175 HighUSD/JPY has been ranging between 148.300 and 149.300 since last week and has failed to break down to the 30EMA on the Daily chart. DXY has failed to break below its Daily 30EMA as well. The USD/JPY price action is currently in the top 1/3rd of the range with the RSI just mid-level leaving room for a move up and out of the range. There is a gap to fill up to the previous high of 150.175. At the very least, I believe we'll see a retest of this level. For this to happen, the Dollar needs a good bounce at the 105.600 level and the Yen remain stagnant or fall. My current analysis of the Yen is it's ready for a pullback to the upside, but that doesn't mean it won't take a quick dip to the downside first before reversing. I think we can find a good entry in this range below the midpoint and look for a breakout at the top of the range. Trade wisely and let us know what you think in the comment section below!
Long
by TraderEngineering
USDJPY 4H : Still support decline USDJPY New forecast The price perfectly fulfills my last idea and we get about + 60 pip . The USD/JPY pair made an attempt to break the 148.35 level, but was unable to stabilize below it, fluctuating around 148.70, waiting for the price to be stimulated to complete the formation of the double top pattern and then resume the expected downward trend in the intraday term, whose next main target is located at 147.87 and 147.59. From here, our expectations for the downward trend will remain valid and effective, recalling the importance of stability below 149.24 for the expected decline to continue. The expect range trading for today it will between resistance line 149.24 and support line 148.35 . Additionally ,Today News will affect the market . support line : 148.35 , 147.87 resistance line : 148.89 , 149.24 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
82% of retail investors hold short positions.Resistance Level 2: 150.00 Resistance level 1: 149.00 Spot price: 148.46 Support bit 1: 147.80 Support bit 2: 147.00 On Monday (October 9), the U.S. dollar fell 0.57% against the Japanese yen to 148.49. As the situation in the Middle East panics the market, the Japanese yen, a traditional safe-haven currency, has been favored in cross trading, which has also indirectly increased its direct quotation against the US dollar. In addition, although the U.S. non-farm payrolls data is strong, it is not enough to change expectations that the Federal Reserve will keep interest rates unchanged in November. Therefore, investors seem to be starting to find excuses to ease the pressure on the yen. USD/JPY is likely to see an adjustment downward trend under profit-making selling pressure. On the daily chart, the signs of top divergence seem to be gradually confirmed, the price line has also begun to fall below the middle track of the Bollinger Bands channel, and the technical indicators are trending downward. Pay close attention to the support of 147.50 below. If it falls below, be careful that the adjustment downward momentum may drag USD/JPY to a lower level.
Long
by Zenobia-Harte
1
USD/JPY - At Risk of Falling to Bull Channel SupportUSD/JPY showed a strong sign of bear pressure on Tuesday last week when the JPY ripped to the downside for a brief moment. At this stage of a bull run, this is likely a sign of weakness and a reversal to the downside lurks. My recent DXY analysis shows the potential for a fall below its 106.000 support, and the JPY analysis shows signs of a reversal to the upside. The Weekly candles still hover above the the 9EMA at a price of 147.300. If the price makes contact with and bounces off of the 9EMA, then we have confirmed more bullish action which will set my sights for the previous high resistance at 152.000. The RSI is touching the overbought line, but there is still room for more action to the upside. A Weekly candle closing below the 9EMA is a strong bear signal and may indicate a minor pullback is in order. Price targets in this scenario put us at 145.000 where the price last touched the top of the bull channel and puts us back at the bottom of the bull channel. With the RSI touching the overbought line, there is plenty of room for a move to the downside. Longs at this stage on this timeframe are risky. I would focus on lower timeframes such as the 4HR and look for a bounce off of the 200EMA to the upside. Trade wisely and let us know what you think in the comment section below!
by TraderEngineering
3
❗ USDJPY: Unimaginable Highs ⚡Crazy right?!😲 Who would have thought we would be back trading at the 1998 highs? Well, here we are. Sooooo what is the game plan now? Ideally, we need to figure out a zone to sell from! 👇 So let's figure that out together: Where is everyone trying to sell from currently? ⚡ The supply zone we are currently trading in. Where will everyone's stop losses be if they are selling now in this supply zone? ⚡ Above the high. So where can we expect liquidity and stop loss hunting? ⚡ Above the high. Great! Now wait for the liquidity grab and begin your search for possible sells once that is complete. Happy trading folks!! 😀😁😆
Short
by AlkalineFX
15
USD/JPY Rebounds to 149.50 on Stellar US Jobs ReportUSD/JPY Rebounds to 149.50 on Stellar US Jobs Report The USD/JPY currency pair has made a remarkable recovery, ascending to 149.50 after experiencing a dip. This bullish movement was driven by a US jobs report that exceeded market expectations. Despite a slight retracement to around 149.20, the pair remains strong, particularly in the context of US 10-year Treasury note yields standing firm at 4.780%. Japanese officials have expressed concerns over the volatility of the Yen (JPY), while the rise in the 10-year Japanese Government Bond (JGB) coupon suggests potential intervention by the Bank of Japan (BoJ). US Jobs Data Spurs USD/JPY Rebound: During the North American trading session, the USD/JPY made a notable climb, primarily propelled by robust US jobs data. This upward movement followed a brief dip that saw the pair hit lows of 148.26 over the previous two days. As buyers stepped in, the 149.00 mark was reclaimed, and the pair reached a three-day high of 149.50, all of which was bolstered by the significant rise in US bond yields. Strong US Jobs Market Data: The latest employment data from the US Bureau of Labor Statistics (BLS) exceeded expectations, revealing the creation of over 336,000 jobs in the economy. This figure far surpassed estimates, which had anticipated 170,000 jobs, and it was even 100,000 more than the upwardly revised August data of 227,000. The report underscores the strength of the US labor market, although it should be noted that seasonality adjustments may influence these figures. Wage Growth and Unemployment: In addition to job creation, the report provided insights into wage growth and the unemployment rate. Average Hourly Earnings rose by 4.2%, slightly below the consensus and August's 4.3%. The Unemployment Rate remained unchanged at 3.8%, which was slightly higher than the consensus of 3.7%. While wage growth may have softened marginally, the overall labor market picture remained robust. USD/JPY Pauses at 149.20: After reaching a high of 149.53, the USD/JPY experienced a modest retracement, settling around 149.20. This movement was in conjunction with the US 10-year benchmark note, which retreated from its 2007 highs of 4.887% but remained six basis points higher at 4.780%. The sustained strength of US bond yields continued to provide support for the USD/JPY pair. Japanese Concerns Over Yen Volatility: Japanese authorities have voiced concerns over the volatility of the Japanese Yen (JPY) in the foreign exchange (FX) markets. Masato Kanda, a representative of Japanese authorities, highlighted their stance, stating that excessive currency movements, whether within a single day or over a week, are considered "excess volatility." Even one-sided moves accumulating into significant shifts over a specific period are regarded as such. Potential BoJ Intervention: Despite the absence of an official statement regarding the recent 200-plus pip drop in the USD/JPY from around 150.00, the exchange rate has remained below that level. Notably, the 10-year Japanese Government Bond (JGB) coupon has risen to 0.80%. This increase opens the possibility of intervention by the Bank of Japan (BoJ) to curb the recent uptick in yields, a move that could stabilize the market. Conclusion: The USD/JPY's rebound to 149.50, driven by stellar US jobs data, underscores the resilience of the pair in the face of Yen (JPY) volatility and the rise in US bond yields. Japanese authorities remain watchful of FX market movements, and the potential for Bank of Japan (BoJ) intervention adds an element of caution to the market's dynamics. The strong labor market data has provided renewed support for the USD/JPY, which remains an interesting pair to watch amid evolving economic conditions. Our preference Long positions above 143.75 with targets at 152.00 & 155.00 in extension.
Long
by FOREXN1
24