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Japanese Yen Currency IndexJapanese Yen Currency IndexJapanese Yen Currency Index

Japanese Yen Currency Index

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JXY trade ideas

Going Short in JXY Japanies Yen Index.Bullish Indication. Bulliish trend intact. Price value in between 1hour resistance zone Bullish parallel channel intact JXY seasonaly moderately bullish Trade plan to Buy / Long position Entry point above the support / resistance zone @ 75.75 Stop Loss below the support / resistance zone @ 75.15 Take profit below the support / resistance level @ 77.25 Bearish Indication. Bearish candles formed Price value within the support channel Price under the 4 hour trend line Trade Plan to Sell / Short Entry price below the support / resistance zone @ 75.15 with bullish candle Stop loss @ above upper limit of support / resistance channel @ 75.80 Take profit on the middle support line @ 74.41
TVC:JXYShort
by dilsnqamz
MACRO-ECONOMIC ARBITRAGE- Buy the Yen short the dollarBoth the Nikkei and the S&P have moved in the same direction along w the yen and the dollar. However recently the Dollar has appreciated dramatically while the Yen has depreciated dramatically. It therefore presents an arbitrage opportunity. The US dollar will eventually come back down and stabilize along w the yen rebounding. The problem i'm running into is how long this could take for the market to correct . Anyone have any inputs or comments?
NASDAQ:XDNLong
by brett0923
1
Early reactions on supports for Yen - What's next?JPX still has to retake 72 for it to be showing signs of the big butterfly reversal being in play. Here's a few shorter-term signals that help to define the area in which to bet most aggressively on the low and place tight stops. Once there's a pullback a low should stop before the 220 fib. As we got close to this 220 fib was where I scaled up my long Yen positions. An early bounce on this level often indicates we'll go up at least a bit more. The question at this point is most often will we see a 2 leg correction in the downtrend or will we see an explosive 5 wave climb breaking the downtrend? I very much doubt the breaking of the Yen downtrend would come without news. Might be BoJ news. Could be world markets/risk-off news. And sadly the theme of news during the bear moves of 2020 and 2022 has often been news related to real world suffering and death. But usually "Something" has to happen for a big turn like this to come into effect. Most often something I could not predict (And guessing the headline does not matter).
TVC:JXYLong
by holeyprofit
JPY is in a monthly downtrend.JPY is in a monthly downtrend. In order for the downtrend to continue, a new monthly correction trend line must be drawn for it to continue. If a correction occurs, the monthly correction is more likely, and the blue support line is more likely to be tested. If it settles above the blue line, the monthly downtrend will stop and the chance that the uptrend will resume is very high. The reason is that the low is the starting line of the yearly correction trend of the upward wave.
TVC:JXY
by TimeWaveTrading
Japanese Yen Bullish Divergence on DailyTrade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
TVC:JXYLong
by Michael_Harding
3
YEN CROSSES ON THE RISE | USDJPY CADJPY GBPJPY JXY, Yen has technically taken out the support and price slides further downside. All the crosses looks like to make all time high specially USDJPY BoJ Stance: BoJ would adhere to its ultra-loose policy until the Bank achieved its inflation target of 2%. With Kuroda doubling down on the Bank’s accommodative policy, the risk for the yen is clearly tilted to the downside, barring a decline in US Treasury yields. ----- How you do see the direction of Yen in future.
TVC:JXY
by JustTradeSignals
1
USDJPY SHORT! Yen near Reversal to satisfy Shorts! Overview: Yen has failed remarkably at 87.34 - 89.17 Buy-zone where Buyers previously shored Support. 87.34 - 82.37 is a Major Buy-zone layered with numerous Buy-levels which, so far, all have failed to attract Buyers. So what are the chances USDJPY will experience the unprecedented and anticipated Selloff? First the Yen has to find Buyers. Technically, The Buy-zone has now drastically narrowed to 81.89 through 79.56 zone or lower to 77.54 --Or through tests at the Trend-line. It is not clear how long Buyers will take to raise the Yen index-- But it is Clear where they have the Best chance to reverse the Index. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
TVC:JXYShort
by legacyliked
JXY has found a floorJapanese Finance Minister Shunichi Suzuki said on Tuesday the damage to the economy from a weakening yen at present is greater than the benefits accruing to it, making the most explicit warning yet against the currency's recent slump versus the dollar. His remarks came before his trip to Washington to attend a gathering of financial leaders from the Group of 20 (G20) major economies this week. Among the many discussions, the minister is also scheduled to a hold a meeting with U.S. Treasury Secretary Janet Yellen. Suzuki vowed to stick to Group of Seven (G7) advanced economies' agreement on currencies and closely communicate with U.S. and other countries' currency authorities to "respond appropriately" to currency movements. An April 1-11 poll of 5,400 Japanese firms conducted by private credit research firm Tokyo Shoko Research showed roughly 40% suffered a negative impact from a weak yen, with assumed dollar/yen rates being as low as 110 yen among listed manufacturers. The previous poll in December, when the dollar was moving around 113 yen, found only about 30% of Japanese firms saw a weak yen as negative, underscoring how the rapid depreciation since the start of this year is hitting companies. www.reuters.com
TVC:JXYLong
by UnknownUnicorn6395641
JXY SHORT IDEA After the Open, the price gaped lower trapping net long positions at 81.68. Price is delivered lower and broke a swing low at 81.33. This market structure break illustrates the willingness of the market to go lower potentially reaching a target of 80.70. With entries in the PM Session during the London Close, I expect institutional Selling of JXY at 81.50 as price is delivered lower for smart money entries and failing to give any net long trader long any redemptive exit at break even. Any trader on the wrong side will have to liquidate positions at a loss. Inversely, I expect the weakness in JXY to give strength to GBP for the GBPJPY pair which may seek liquidity higher towards/after New York Close. Asia Session should provide more volatility to squeeze higher and anticipate an impulsive sweep on the highs. Institutional buying seems to be happening as the price is being delivered lower and more long positions are getting added. Observe future J61! next idea
TVC:JXYShort
by Quantum_Labs