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Japanese Yen / U.S. Dollar

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USD/JPY looks set for some mean reversionWhile the USD and yen have been the strongest currencies so far this week, I suspect the decline on the USD/JPY daily chart is overdone on the daily chart and due a bounce. A Doji formed on Monday at the October VPOC (volume point of control) to suggest demand just above 149. Given the bullish divergence on the daily and 4-hour RSI (2), the bias is to seek dips within the support zone in anticipation of a bounce to the weekly pivot point around 151.
Long
by CityIndex
USDJPY InsightHello, subscribers! It’s great to connect with all of you. Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - Donald Trump, the U.S. President-elect, recently warned that if BRICS nations challenge the dollar's dominance, they will face 100% tariffs and potentially lose access to the U.S. market as an export destination. - In France, Prime Minister Michel Barnier invoked a constitutional clause to bypass a parliamentary vote and directly legislate the Social Security Finance Bill, a cornerstone of next year’s budget. In response, the Left Alliance and the far-right bloc, key factions in the National Assembly, initiated a no-confidence motion against the government. - Kazuo Ueda, Governor of the Bank of Japan, remarked that the central bank is approaching a rate hike, assuming the data evolves as expected. Major Economic Indicators - December 3: U.S. Department of Labor JOLTS Report - December 5: Speech by Federal Reserve Chair Jerome Powell - December 6: U.S. November Unemployment Rate & Nonfarm Payrolls USDJPY Chart Analysis After encountering resistance at the 157 level, USD/JPY has been in a steady downtrend and is currently hovering around the 149 level. This zone has established a support line, making it difficult to determine a clear direction. If the 149 level holds, a rebound toward 154 is anticipated. Conversely, if it breaks below 149, further declines toward 140 could follow.
by shawntime_academy
USD/JPY - H1 - Bearish Flag The USD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 150.80, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 149.20 2nd Support – 148.50 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
19
USDJPY breakdown deepens ahead of Dec BoJ meetingUSDJPY finished lower overnight at 149.56 (-0.11%) its lowest daily close in over six weeks. The rebound in the JPY is being supported by increased expectations of a 25bp rate hike at the BoJ’s Dec meeting following a strong rise last week in the Tokyo core rate of inflation (2.2% in November, up from 1.8% in October) and after BoJ Governor Ueda said over the weekend “we are closer to the next hike”. Providing USD/JPY remains below the 151/152 resistance zone, the risks are for a deeper decline towards 145.00, which may prove too conservative if the BOJ hikes rates and the Fed cut rates on December 19th.
Short
by IG_com
USDJPY Daily Analysis: Slight Bearish Bias Amid Dollar Weakness USDJPY Daily Analysis: Slight Bearish Bias Amid Dollar Weakness and Yen Resilience 02/12/2024 Introduction The USDJPY pair is projected to lean slightly bearish today, driven by continued U.S. dollar (USD) weakness and the Japanese yen’s (JPY) resilience as a safe-haven asset. With risk sentiment in flux and U.S. Treasury yields declining, the pair faces downward pressure. This article provides an in-depth analysis of the fundamental and technical factors shaping USDJPY’s outlook for the day. --- Key Drivers Influencing USDJPY 1. Weak U.S. Dollar Sentiment The USD remains under pressure following last week’s dovish remarks from Federal Reserve officials, which signaled a pause in interest rate hikes. With market expectations of monetary easing in 2025 growing, the dollar’s attractiveness continues to decline, weighing on USDJPY. 2. Japanese Yen's Safe-Haven Demand The JPY is benefiting from its status as a safe-haven currency amid lingering global uncertainties. Concerns about geopolitical tensions and slower global growth are keeping investors cautious, favoring the yen over the dollar. 3. Declining U.S. Treasury Yields Lower U.S. Treasury yields are eroding the yield advantage of the USD against the JPY. The 10-year Treasury yield has fallen below key levels, diminishing the carry trade appeal that often supports USDJPY. 4. Economic Divergence While Japan’s economic recovery remains modest, the stability in inflation and a cautious Bank of Japan (BoJ) monetary policy provide support for the yen. In contrast, slowing U.S. economic data, including weaker consumer spending and manufacturing activity, adds to bearish sentiment for USDJPY. --- Technical Analysis Moving Averages and RSI USDJPY is trading below its 50-day moving average, reinforcing bearish momentum. The Relative Strength Index (RSI) is hovering near oversold territory, suggesting limited downside but no immediate reversal signals. MACD and Key Levels The MACD indicator shows a continuation of bearish momentum. Immediate support lies at 147.80, and a break below could target 147.00. Resistance is capped at 148.50, which may limit any corrective movements. --- Conclusion USDJPY is likely to exhibit a slight bearish bias today as fundamental factors such as dollar weakness, safe-haven demand for the yen, and declining U.S. Treasury yields align against the pair. Traders should remain cautious of intraday volatility driven by economic data releases or sudden risk sentiment shifts. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #JapaneseYenOutlook - #USDWeakness - #USDJPYtoday - #ForexMarketAnalysis - #USDJPYprediction
Short
by PERFECT_MFG
Yen Carry Trade & Rate Hike (BoJ)The USD/JPY pair is likely to fall toward the 140 level as two key factors weigh on the market: the unwinding of the yen carry trade and growing fears of a rate hike by the Bank of Japan (BoJ). For years, Japan’s ultra-low interest rates made the yen a favorite currency for carry trades, where investors borrow yen cheaply to invest in higher-yielding assets elsewhere. However, as global markets face increased volatility and central banks tighten monetary policy, these trades are becoming less attractive. Investors are now unwinding these positions, which involves selling off foreign assets and buying back yen, strengthening the currency and putting downward pressure on USD/JPY. At the same time, the BoJ has hinted it may soon raise interest rates as inflation in Japan shows signs of persistence. Even the expectation of a rate hike reduces the appeal of the dollar against the yen, as higher Japanese rates would narrow the interest rate differential. This makes the yen more appealing and further accelerates the unwinding of carry trades. With these factors aligning, the USD/JPY pair potentially faces significant downward momentum, making a move toward the 140 level increasingly likely.
Short
by GER-Quality-Trades
1
BOJ’s Ueda hints at rate hike, yen dipsThe Japanese yen is lower on Monday. In the European session, USD/JPY is trading at 150.03, up 0.26% on the day. Bank of Japan Governor Ueda has been hinting about a rate hike and gave what was perhaps his strongest hint on Friday. In a newspaper interview, Ueda said that interest rate hikes are “nearing in the sense that economic data are on track”. Ueda also added that the BoJ has a “big question mark” over the outlook for US economic policy, with Donald Trump taking office next month. Ueda reiterated that the central bank wants to see a sustainable rise by inflation to the 2% target and expressed concern about the weak yen, warning the BoJ could respond with “countermeasures”. The BoJ makes its next rate announcement on Dec.19. Will it raise rates at that meeting or wait until January? The BoJ has done a poor job of communicating its intentions and after the surprise BoJ rate hike in August triggered turmoil in the financial markets. Ueda’s comments may have been an attempt to show greater transparency, although he failed to mention a timeline for the next rate hike. The markets have fully priced in a rate hike by January, with the probability of a December hike at around 60%. In the US, it’s a busy data calendar, highlighted by nonfarm payrolls on Friday. The ISM Manufacturing PMI will be released later today, with a market estimate of 47.5 for November, compared to 46.5 in October. Manufacturing has been in a prolonged recession, with only one month of growth over the past two years. USD/JPY tested resistance at 150.30 earlier. Above, there is resistance at 151.13 There is support at 148.89 and 148.06
by OANDA
YOUR GUIDE TO CANDLESTICK ANALYSIS! What's up guys it's been a while! I know it's the holiday seasons, and that's the best time of year for me. Here is a wonderful present for you all, as a token of my appreciation. Thankful for the supportive and hateful people, not equally of course! 🤣 Anyways.... the things you must keep in mind when utilizing candlestick analysis in your trading are the following, Gs: 1) Understanding the anatomy of a candlestick - images.ctfassets.net 2) Candlestick color - The color of the candles individually matter in structure but also together they tell a story.... three inside down candle stick pattern at a lower high point in market structure for example. 3) Size of the candle - size of candle does matter as it indicates how volatile and wide reaching the market can be that day based on this data. 4) Volume - This one is obvious, Gs. 5) Timeframe of candlesticks being observed - understand candlesticks on higher timeframe hold more weight so they're more valid. (1h+) in consolidated structure on higher timeframe, lower timeframe candlestick structure is what you need to identify breakouts that'll be big on HTF. 6) Candlestick patterns - content.stockstotrade.com 7) Length of wicks on the candles - This is huge because wicks are a direct indication of exhaustion, which BASICALLY is buyer or seller weakness which directly aids me in basically every trade when finding that sniper entry i'm known for! Do not sleep on this step (or any, for that matter, I don't make these for FUN.) 8) Support/Resistance levels - I recommend going to lower time frames in these areas and using steps 2, 3, 6 mixed with timeframe correlation to make a sniper entry. GOODLUCK Gs!
Education
by PipSniperJ
6
USDJPY Massive Long! BUY! My dear friends, My technical analysis for USDJPY is below: The market is trading on 149.75 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 151.34 Recommended Stop Loss - 148.92 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
#015 DCA USDJPY SellJPY is in a buying mode currently as seen on the 1H and 4H, so now that I have freed up some margin**. I am selling USDJPY because I feel that it is the strongest among all the JPY pairs in my watchlist. It is also trending with the 60SMA on the 4H, 1H and 15 Minutes Time Frame. As I entered on an impulse wave aka Push. I am expecting that price might turn back on a pullback aka Pull. And it would be visible on the chart when the Stochastic 20,1,1 shows overbought. And there I would have my limit sells in place to catch the "falling knife". I might also place market orders in when I feel that it warrants an additional sell position. That's all for now I am going to do some food deliveries so that Anthony Tan could pay off his mortgage on that GCB, or else he would have to sleep on the streets of Orchard Road (crying emoji). **(most of my margin is untouched even though I have 8 or so positions opened.) 1212SGT 29112024 Add : 25.85$ SGD used for margin for 5 open positions. And margin available is currently at 188.04$ SGD. I began the week with 213.5$ SGD and currently am sitting on 213.83$ SGD, all while risking 1cent SGD per pip. 1215SGT 29112024
Short
by ProfessionalDuckHunter
3
Fundamental Market Analysis for December 02, 2024 USDJPYThe Japanese yen (JPY) is declining against its U.S. counterpart at the start of a critical week and is pulling back from part of Friday's strong upward move to the highest level since Oct. 21. US Treasury yields are recovering amid US President-elect Donald Trump's reaction to the threat of 100 percent tariffs on BRICS countries. This, in turn, is helping to revitalize demand for the US dollar (USD) and is proving to be a key factor directing flows away from the lower-yielding yen. In addition, the bullish tone in equity markets further undermines demand for the safe-haven yen. Nevertheless, lingering geopolitical tensions and rising forecasts of another interest rate cut by the Bank of Japan (BoJ) in December should limit larger yen losses. Traders are also advised to refrain from aggressive directional bets and wait for important U.S. macroeconomic data this week, starting with the ISM Manufacturing PMI from this Monday. Consumer inflation data from Tokyo, the capital of Japan, released on Friday showed that core inflation is picking up and bolstered the case for another rate hike by the Bank of Japan in December. Also Bank of Japan Governor Kazuo Ueda said on Saturday that the next interest rate hike is near as economic data is on track, although he would like to see what kind of momentum the fiscal 2025 Shunto program will create. Trade recommendation: Trading mainly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004
UsdJpy could drop 1000 pipsIn my previous post about USD/JPY, I highlighted the potential for JPY strengthening due to repatriation, referencing similar trends observed last year and usually in December After reaching a high near 157, USD/JPY began to decline and is now testing the critical 150 level. At this point, a technical rebound is possible, but I view it as a selling opportunity. My belief is that repatriation is still in its early stages, and JPY has significant potential for further appreciation. The 153-154 zone appears to be an ideal area to look for selling opportunities. With a stop placed above the recent high and a target near the 141 support level, a 1:4 risk-to-reward ratio could potentially be achieved.
Short
by Mihai_Iacob
6