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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

Fundamental Market Analysis for December 13, 2024 USDJPYFading hopes of a Bank of Japan rate hike in December are putting the JPY bulls on the defensive. Higher U.S. bond yields are supporting the dollar and putting pressure on the low-yielding yen. The Japanese yen (JPY) continues to defend against its U.S. counterpart, lifting the USD/JPY pair closer to 153.000 or a new monthly peak during the Asian session on Friday. Recent media reports suggest that the Bank of Japan (BoJ) will not raise interest rates at its upcoming meeting next week, which in turn continues to undermine the Yen. In addition, expectations that the Federal Reserve (Fed) will be less dovish continue to support rising US Treasury yields and put further pressure on the low-yielding yen. Meanwhile, the Bank of Japan's quarterly Tankan survey released today showed that business confidence of Japan's major manufacturers improved slightly in the fourth quarter of 2024. This fits well with the central bank's plans to gradually raise interest rates and could deter yen bears from aggressive bets. In addition, lingering geopolitical risks and concerns over US President-elect Donald Trump's tariff plans should help limit losses for the safe-haven yen ahead of next week's key central bank events - the Fed and Bank of Japan meetings. Trading recommendation: Watch the level of 153.000, trading mainly with Buy orders.
Long
by Fresh-Forexcast2004
USDJPY (10W) High Timeframe AnalysisPosition Trader's Opportunity The USDJPY pair is currently trending upwards in the long-term. However, in the short-term, we're seeing potential for a downward correction towards the significant support level of 134.51. Key Levels to Watch: PIVOT HIGH @ 204.75 SLO2 @ 198.36 ⏳Resistance, major SLO1 @ 185.44 ⏳ TP4 @ 178.91 TP3 @ 155.40 TP2 @ 140.15 Support, major @ 134.51 TP1 @ 118.20 Pivot Low @ 75.565 Trading Strategy: A cautious approach is recommended. While the long-term trend remains bullish, it's crucial to be aware of the potential for a short-term pullback. 📈Holding a long position above 185.44 is HIGH-RISK (the Supply Zone). 📉If the price breaks and closes below 152.16, it could signal a stronger downward trend. 📉 During the downtrend expect the possibility of Price Action reaching Support @ 1.3451
Long
by ProfessorCEWard
ANOTHER UPDATE ON USD/JPY TRADEUSD/JPY 1H - Well well well, would you look at how price has played out during the London session today, as you can see price has played out perfectly. Giving us the opportunity to profit on the long positions. We have seen price continue to trade us in a bullish way and provide us with some incredible profits offered to us from the analysis given in this weeks Sunday Sessions video. This trade is currently running + 295 pips. (+ 14%) 14RR A huge well done to anyone who took advantage of this analysis, the Sunday Sessions are there to offer you with trading opportunities for the start of the week, and the VIP chat as you know is for any opportunities mid week. If you are involved, be sure to take partials and apply safety measures with your positions, its important you manage these trades just as well as you place them, any questions drop me a message or comment below.
Long
by Lukegforex
USD/JPY 4H Timeframe AnalysisUSD/JPY 4H Timeframe Analysis Trend: USD/JPY is in an uptrend but has lost buying momentum. The price recently broke below two minor support levels (previously resistance) and continued falling towards the minor key support zone at 151.500. After a slight retracement, sellers pushed the price lower, hitting the major support zone at 149.000. The market is now forming lower lows and lower highs, with the trendline also broken. Price Action Expectation: The trendline and key support have been broken, signaling a shift. We expect the price to retest and break the minor support again, potentially triggering buyers' stop-loss liquidations. Once the price rises and breaks the previous minor resistance, we’ll place a buy stop order at 151.600, with a stop loss just below the liquidity zone at 150.860. Our take profit target is the next minor key resistance at 153.230. Trade Setup: Buy Stop Entry: 151.600 Stop Loss: 150.860 (below the liquidity zone) Take Profit: 153.230 (next minor key resistance) Risk: 1% Fundamental Outlook: Upcoming CPI Data: The upcoming U.S. Consumer Price Index (CPI) report is expected to impact USD/JPY. If inflation remains high, it could strengthen the U.S. dollar, leading to upward pressure on USD/JPY. Conversely, lower-than-expected inflation could weaken the dollar, creating bearish pressure on the pair.
Long
by RebornFXTrader
USD/JPYSS - 30 mins Sell Key Observations: 1. Chart Patterns: Head and Shoulders Formation: On the left side of the chart, the head and shoulders pattern signifies a bearish reversal, providing a precursor to the downtrend. Falling Wedge: Following the bearish move, the falling wedge pattern acted as a potential pullback and consolidation phase before continuing the trend. Rectangle Formation: The consolidation within the rectangle pattern highlights the indecision phase before price continuation. 2. Resistance Zone: Critical Resistance Zone: The trade setup shows the price approaching a well-defined resistance zone around 151.800. This area is marked with multiple rejections, signaling strong selling pressure. Price Rejection Candlesticks: Recent candlestick patterns, such as long wicks, further indicate seller dominance near this level. 3. Moving Averages and Trendlines: Dynamic Resistance: The chart includes moving averages that align with the resistance zone, creating an additional barrier for price continuation. Downtrend Continuation: Price movement follows a descending trendline, reinforcing bearish sentiment. 4. Confluence Levels: Fibonacci Retracement Levels: If Fibonacci levels were applied, the price is likely rejecting a key retracement zone (e.g., 0.618), adding confluence to the sell bias. ADR (Average Daily Range): The ADR levels suggest price is nearing its expected daily range, reducing the likelihood of further upside. Technical Factors Supporting the Sell Position: Resistance Rejection: Price action indicates multiple failed attempts to break above the resistance level, validating the bearish setup. Bearish Momentum: Indicators such as RSI might be showing overbought conditions or bearish divergence, signaling a potential trend reversal. Range Expansion and Compression: The price is nearing the top of a range, with high probability for reversion to the mean or a move toward the lower bound. Risks and Considerations: Breakout Potential: If the price closes decisively above 151.800, it could invalidate the bearish setup and trigger a bullish continuation.
Short
by tamrobert20
Fundamental Market Analysis for December 10, 2024 USDJPYDoubts about the Bank of Japan's ability to keep raising rates proved to be a key factor undermining the yen. The Japanese yen (JPY) lost ground against its U.S. counterpart for the second straight day on Tuesday and lifted the USD/JPY pair to a one-week high, above the mid 151.000s during Tuesday's Asian session. Uncertainty over how soon the Bank of Japan (BoJ) may raise interest rates again has JPY bulls on the defensive. In addition, the overnight rebound in US Treasury yields from October lows undermines the low-yielding Yen. Furthermore, the US Dollar's post-NFP rebound from near one-month lows, backed by expectations of a less accommodative stance from the Federal Reserve (Fed), acts as a tailwind for the currency pair. That said, the softer tone of risk sentiment, concerns that US President-elect Donald Trump's tariff plans could trigger a second wave of global trade wars, and geopolitical tensions help limit deeper losses for the safe-haven yen. Traders may also refrain from aggressive bullish bets on the USD/JPY pair and prefer to wait for the release of the latest US consumer inflation data due on Wednesday. The all-important Consumer Price Index (CPI) report will be seen as a fresh signal that the Fed is going to cut rates. This, in turn, will stimulate demand for the dollar and provide meaningful momentum to the currency pair ahead of the central bank's key events next week. Trading recommendation: Trade mainly with Buy orders from the current price level.
by Fresh-Forexcast2004
#001 New DCA USDJPY Short RangeShorting USDJPY. I am restarting my count. I think I have to trade less and be specific if I am trading ranging or trending market. Also be willing to accept the fact that price might not be working in my intended idea and to close the trade out for a loss instead of dca-ing even more. But also, to not multiply my positions as much as I can and to keep my multipliers reasonable. DCA less and at more prominent areas of value, focus on Hourly Time Frame and above because it provides a higher pip TP than 15 minutes time frame where I take on average 40cents as compared to now I am taking 1$ or so per position while risking 0.01cents SGD. 1345SGT 10122024 21 DAYS TO 2025. Also, stochastic 20,1,1 and swings is a very good tool to tell if price is trending or ranging.
Short
by ProfessionalDuckHunter