USDJPY Technical Analysis and Trade Idea
👀👉 The USDJPY pair has been experiencing downward pressure recently. While there may be a potential selling opportunity, it would be prudent to wait for the FOMC meeting and Federal Reserve rate cut announcement later today before making any trading decisions.
If the data release outcome suggests a weakening US dollar, it could present a favorable opportunity to sell the USD/JPY pair. Conversely, if the data supports USD strength, it might be wise to abandon the trade idea altogether, as taking a counter-trend position could be risky.
Disclaimer: This analysis is based on current market conditions and available information. Forex trading carries significant risk, and market conditions can change rapidly. Always conduct your own research, consider your risk tolerance, and consult with a licensed financial advisor before making any trading decisions. Past performance does not guarantee future results. 📉✅
Usdjpysell
USDJPY - no sign of turning around at the moment💵USDJPY ANALYSIS 💸
- The Yen is still recovering very strongly since the USD/JPY pair fell to its lowest level in nearly 40 years at 141.95.
- The recovery is mainly supported by many interventions of the Japanese Government. Especially the support from the narrowing of the interest rate gap between Japan and the United States.
- The market is expecting the Fed to cut interest rates on Wednesday, while the BOJ will likely keep the current interest rate unchanged.
📌 TECHNICAL
- On the daily candlestick chart of USDJPY (D1), the downtrend from the price channel (a) continues and the pressure from Ema21 acts as the main resistance.
- USD/JPY has shown little reaction to the 0.382% Fibonacci extension level for now, which could be considered as the nearest technical support.
- Once USD/JPY is sold below 139.420, it will have a more bearish outlook towards 137.046 in the short term, which is the price point of the 0.50% Fibonacci extension level.
- As long as USD/JPY remains within the price channel (a) and below the 21-day EMA, the bearish bias will remain dominant, and the notable technical points for the bearish trend are listed below.
✔️ Support: 139.420 – 137.046
✔️ Resistance: 141.531 – 142.380
USDJPY Bearish 4H TF(DOW, HARMONIC AB=CD, Falling Trendline)USDJPY is showing continuous bearish pattern based on DOW with harmonic AB=CD pattern showing price forecast to TP level 2. Price actions also respecting the falling trendline. Entry is taken CMP with three TP levels up to 1:3.
What do you think, will it work?
GBPJPY and USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY "The Gopher" Bearish Robbery Plan on Short sideMy Dear Robbers / Traders,
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Stop Loss : Recent Swing High using 4h timeframe
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USDJPY DOWN USD/JPY holds recovery near 146.50 after BoJ Summary of Opinions
USD/JPY holds the recovery near 146.50 in Asian trading on Thursday. The Japanese Yen defends bids after the BoJ Summary of Opinions and amid a risk-off market mood, acting as a drag on the pair. The focus shifts to US employment data. USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysisAlthough Tuesday’s rebound was short-lived, comments by BoJ officials spurred a U-turn on the USD/JPY, which posted a close below 144.20 on Tuesday, but it’s registering its largest gains since March 2023.
If USD/JPY extends its gains past the 148.00 figure, this could exacerbate a test of the Tenkan-Sen at 148.45. Further gains lie overhead at 149.00 before buyers can push the exchange rate toward the 200-day moving average (DMA) at 151.50.
Conversely, if sellers push the exchange rate below the August 6 high of 146.37, that will pave the way for a pullback. The next support will be the 146.00 mark, followed by the 145.00 figure. Further losses lie underneath at the August 6 low of 143.61.
AUDJPY IndecisionThis price has been having a bearish momentum and for the last day, there was a doji candle, which indicates an indecision.
I anticipate that the momentum will continue, provided that the candlestick that follows next does not close above the doji candle.
An analysis using a smaller timeframe will follow.
USDJPY → Trade Analysis | SELL SetupThe price has fallen under the dynamic support, which now acts as resistance.
We expect the decline to continue after testing the lower boundary of the channel.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
The yen exchange rate jumped because speculators feared interven
An ascending flag pattern appears, showing the recovery of USDJPY when news about the stock market or the recent presidential appointment continues to be good for the US market.
The USD fell to its lowest stage in approximately 2 months, a improvement amplified via way of means of the pointy boom withinside the fee of the yen that triggered turmoil in worldwide foreign money markets withinside the buying and selling consultation on Wednesday and this morning (18 /7).
Bloomberg Dollar Spot Index, an index of Bloomberg information organization that measures the USD alternate charge instantaneous marketplace, fell via way of means of 0.4% on Wednesday, to its lowest stage when you consider that past due May. This morning, the index persevered persevered to fall further, whilst the yen/USD alternate charge from time to time accelerated to 155.7 yen for 1 USD.
In addition to the downward strain at the USD from the opportunity that americaA Federal Reserve (Fed) can also additionally decrease hobby costs in September, the yen additionally accelerated sharply because of hypothesis withinside the marketplace that Japanese government can preserve to interfere withinside the forex marketplace to assist the home foreign exchange charge.
The yen has accelerated in fee via way of means of approximately 4% when you consider that closing Thursday - the time while Japanese government are stated to have intervened via way of means of promoting overseas foreign money into the marketplace. Japan`s Ministry of Finance and the Bank of Japan (BOJ) can also additionally have persevered to interfere on Friday.
In addition, the yen additionally accelerated in fee due to the fact an influential Japanese flesh presser referred to as at the BOJ to elevate hobby costs to assist the yen alternate charge, and previous US President Donald Trump issued a caution approximately the devaluation fashion of the yen. yen - a component that allows Japan advantage a higher aggressive role in exports.
Before this recovery, the yen closing week fell to almost 162 yen in line with USD, its lowest stage in 38 years.
Fluctuations withinside the USD/Japanese yen alternate charge appear to have had a robust effect on different USD foreign money pairs - in step with leader strategist Valentin Marinov of Credit Agricole bank.
USDJPY Bank Bearish Robbery PlanMy Dear Robbers / Traders,
This is our master plan to Heist USDJPY Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
USDJPY! PPI not as friendly The Dow Industrial Average average can't close at a record but closes just above 40,000
The 2-10 year yield rises to -27.3 basis points. A close here will be highest since Jan 29
Crude oil futures settle at $82.21
Stock earnings for the quarter were kicked off. What's on tap for next week?
What happens after the first rate cut. Recession? Stocks move lower?
A number of currency pairs stretched to key target levels including the NZDUSD. What next?
Keep an eye on China's Third Plenum meeting next week
Japan's Kanda: Won't say whether intervention was conducted or not
House Democratic leader Jeffries met with Biden yesterday. The read-out isn't glowing
UMich July consumer sentiment 66.0 vs 68.5 expected
Kickstart the FX trading day for July 12 w/a technical look at the EURUSD, USDJPY & GBPUSD
USDJPY → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
USDJPY moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Japanese Yen dropped to its lowest level in nearly 4 decadesAll data supports LONG usdjpy
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According to Nikkei, till now, Japanese institutional traders have now no longer poured capital into overseas markets on any such big scale. Banks offered simplest a internet 220.7 billion yen of overseas property withinside the first 1/2 of of this 12 months. Meanwhile, pension price range bought a internet of 9.forty three trillion yen withinside the identical period.
The using pressure using the float of cash into foreign places property is the organization of retail traders who're changing their financial savings into investments to deal with inflation. Core CPI in Japan has always multiplied extra than 2% every month given that fall 2022. May CPI multiplied 2.1%, better than the BOJ`s goal of 2%.
Currently, only a few monetary merchandise in Japan generate returns better than 2%. One-12 months deposits of as a minimum three million yen had hobby costs of simply beneathneath 0.1% in June. Japanese authorities bonds bought to retail traders had hobby costs of much less than 1% this month. The predicted dividend yield of Japanese shares in keeping with the Nikkei Stock Average is simplest 1.75%, nevertheless decrease than inflation.
“Investment cash has a tendency to float to Western nations and elsewhere, in which monetary and company boom expectancies are high,” stated Soichiro Tateishi, an economist on the Japan Research Institute.
When Japanese traders purchase shares or bonds denominated in USD via mutual price range with out a foreign money hedging strategy, they'll ought to promote yen to shop for USD. Accordingly, multiplied funding sports via NISA positioned even extra strain at the yen. Investors chickening out capital will assist the yen appreciate. However, NISA is a software primarily based totally on lengthy-time period investments, so the yen will now no longer be capable of get hold of momentum from here.
Meanwhile, Japan's change deficit has lengthy been taken into consideration a structural issue inflicting the yen to fall. As an electricity importer, Japan has visible a change deficit for the reason that 2011 earthquake and tsunami, which pressured the u . s . to import extra electricity because of the closure of nuclear strength plants.
From January to May 2024, Japan's change deficit stood at three.forty five trillion yen. This discern will boom to three.eighty three trillion yen while facts via mid-June are included.
Some professionals have warned approximately the capital flight of retail traders. Meanwhile, the yen is buying and selling at a hundred and sixty for 1 USD, whilst at the start of the 12 months it became 140. One manner to show the scenario round is to boom the splendor of the Japanese inventory marketplace and different monetary merchandise.
According to Shingo Ide, leader monetary engineer at NLI Research Institute, Japanese businesses “are beginning to make efforts to enhance profitability and capital efficiency.”
However, Nikkei stated, any essential exalternate to the contemporary fashion will take a protracted time.
Japan's efforts to protect the yen exchange rate fell into vain"ALL THE PROBLEM IS WITH THE FED"
On Wednesday`s buying and selling consultation, the yen fell to 160.88 yen for 1 USD, the bottom degree due to the fact that 1986. Early this morning (June 27) withinside the Asian marketplace, the yen rebounded slightly. 160.sixty three yen to at least one USD.
The yen has depreciated approximately 2% this June and fallen 12% due to the fact that the start of the yr as compared to the USD, withinside the context of a regular growth withinside the USD alternate price due to the fact expectancies approximately whilst the Fed will begin decreasing hobby prices are constantly driven back. .
The Dollar Index, which measures the power of the USD in opposition to a basket of six different predominant currencies, has accelerated 1.25% this month and is up 4.sixty three% due to the fact that the start of the yr - consistent with facts from MarketWatch. On Wednesday consultation, Dollar Index handed 106 points, the very best in 2 months.
The predominant motive of the yen devaluation as compared to the USD is the hobby price distinction among americaA and Japan. The Fed's short-time period hobby price is five.25-five.five% and the Bank of Japan (BOJ) is 0-0.1%, making the yen an appealing investment foreign money. in hobby price differential transactions (bring trade).
According to Bloomberg, international traders recognize that the yen will face downward stress so long as USD hobby prices stay high. In the worldwide foreign money marketplace with a transaction fee of 7.five trillion USD according to day, the non-stop devaluation of the yen is a clearer proof of US affect withinside the economic sector.
“The hassle is all with the Fed. Higher and longer hobby prices withinside the US are attracting cash to americaA and making the USD robust," stated leader bond funding strategist of NatAlliance Securities LLC, Mr. Andrew Brenner. Mr. Brenner stated that for Japan, that is a challenge.
Wednesday's buying and selling consultation completely contemplated America's dominant function in international economic markets. The Dollar Index's 0.4% growth this consultation positioned downward stress on nearly all different currencies withinside the world. The US inventory marketplace is on course to finish some other area of robust gains, whilst the Ministry of Finance without difficulty bought all 70 billion USD of Treasury bonds withinside the public sale at the equal day.
For the yen, the tale is absolutely different. At an alternate price of almost 161 yen to at least one USD, the foreign money has depreciated past the factor in which Japanese government intervened withinside the forex marketplace in past due April and early May. This manner efforts Spending greater than 60 billion USD to defend Tokyo's yen alternate price has "failed", however happily it handiest bogged down the price of devaluation of the yen.
Usd Jpy Intervention shortAnalysis of USD/JPY Short Signal Based on Potential Bank of Japan Intervention
The BOJ has a history of intervening in the currency market to stabilize the yen, especially when rapid depreciation threatens economic stability.
Previous interventions have led to sharp, albeit sometimes short-lived, reversals in the USD/JPY pair.
Current Economic Conditions:
Japan:
Inflation remains low, and economic growth is sluggish.
The BOJ continues with its ultra-loose monetary policy, but any signs of overheating in the exchange rate might prompt intervention.
United States:
The Federal Reserve has been relatively hawkish, focusing on controlling inflation through interest rate hikes.
This policy divergence has contributed to the USD strength against the JPY.
Market Sentiment:
Recent movements have seen the USD/JPY testing higher levels, potentially triggering concerns for the BOJ about excessive yen weakness.
Speculation of intervention can often lead to preemptive market adjustments.
Technical Analysis
Resistance Levels:
The pair may face resistance around historically significant highs, which could act as a trigger point for BOJ intervention.
Support Levels:
Key support levels will be watched to assess potential downside targets if intervention occurs.
Sustainability of BOJ Actions:
The effectiveness of BOJ interventions in reversing long-term trends is historically mixed.
Given the potential for BOJ intervention to correct an overextended yen depreciation, a short position in USD/JPY could be strategic. However, traders should closely monitor key economic indicators, BOJ communications, and technical resistance levels. Proper risk management, including stop-loss orders, is essential to navigate the inherent uncertainties and volatility associated with such interventions.
USDJPY Sell | Trade SetupUSDJPY is moving in an ascending channel between the trend lines.
The price has reached the resistance level, which has already acted as a reversal point.
We expect a decline.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
USDJPY - Look for a long !!Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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USDJPY SELL | Idea Trading AnalysisUSDJPY is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
USDJPY - Expect retracement !!Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. For now I expect price to make a retracement to fill that huge imbalance lower and then to reject from bullish order block
Fundamental news: Tomorrow (GMT+3) we have important news in USA, we will see results of CPI and Interest Rate. As well on Friday we will have news regarding Interest Rate in Japan. Pay attention to the result in order to validate the analysis.
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