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Eurjpytrade

EURJPY: Entry for seller!Fundamental Overview The market is increasingly betting on a weaker USD/JPY. This prediction is based on two main factors - the likelihood of a significant reduction in Fed interest rates and concerns regarding the stability of the US financial system. Additionally, there is the unpredictability of a potential change in BoJ policy, which could significantly impact the value of the yen. We anticipate that at the upcoming BoJ meeting on June 16th, the yield curve target may be shortened from 10-year to 5-year JGB yields, resulting in a significant increase in 10-year JGB yields and a corresponding strengthening of the yen.
Short
by Sphyn-Trader
2
EUR/JPY Price Analysis:155-165STRATEGY STRONG BUY EUR/JPY climbs sharply to 2023 past 149.00 The underlying strong upside momentum in the cross appears unchallenged for the time being. Against that, the continuation of the upward bias should challenge the key 150.00 barrier in the relatively short term. So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.43. Japan Housing Starts Fall Less than Estimated Japanese Shares Jump After BOJ Decision Japanese Yen Weakens After BOJ Decision Bank of Japan Holds Rates, Tweaks Forward Guidance Tokyo Core Inflation Accelerates in April Japan Retail Sales Grow More than Expected Japan Industrial Output Growth Tops Estimates Japan Jobless Rate Rises to 14-Month High Japan Leading Economic Index Revised Upward Japan Coincident Index Revised Downward BIG PICTURE BEARISH BoJ not changing policy, intensified interest rate differential game Japan is still a basket case Japan inflation at multi-year highs, while BoJ stuck in denial BoJ still unlikely to change course BoJ keeps to the dovish script FX intervention unlikely to prevent yen weakness The BoJ cannot defend the yen and is unlikely to want to Increasing divergence between a dovish BoJ and tighter Fed monetary policy BoJ intervention unlikely to halt yen’s slide Only intervention from Japanese officials can relieve the yen BIG PICTURE BULLISH The Bank of Japan can add to the yen’s appeal The likelihood of a BoJ policy shift should accelerate Yen gains Yen to outperform as tightening cycles eventually come to an end and central banks turn to easing Further policy adjustments from the BoJ BoJ will review the side effects of its ultra-loose monetary policy BoJ's policy tweak consistent with and supportive of Yen outperformance A change at the helm of the BoJ puts JPY in pole position for 2023 Japan's economy and monetary policy to remain reasonably steady going forward Yen seen as particularly sensitive to any swings in growth and monetary policy trends BoJ reluctance to ease may put the yen on top
Long
by DaveBrascoFX
1
EURJPY Trade.Hello Traders around the world. My name is Alexandre Karim & today we will be talking about the positions that I took on EURJPY. As you can see in the picture, the price reached a mass psychological level then started to form an ascending correction by moving slightly sideways. I was waiting for a reversal pattern to happen for a short position first entry & took it + I was waiting for a second position as a continuation pattern since the price already reversed. Took the second position as a bearish flag. The third position was a bearish flag as well and took me out BE. Patience is key. #THEPRIMES
Short
by alex_k_95
EURJPY Trade.Hello Traders around the world. My name is Alexandre Karim & today we will be talking about the positions that I took on EURJPY. As you can see in the picture, the price reached a mass psychological level then started to form an ascending correction by moving slightly sideways. I was waiting for a reversal pattern to happen for a short position first entry & took it + I was waiting for a second position as a continuation pattern since the price already reversed. Took the second position as a bearish flag. The third position was a bearish flag as well and took me out BE. Patience is key. #THEPRIMES
Short
by alex_k_95
EURJPY - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance lower and then to reject from 4H bullish order block + institutional big figure 148.000 Fundamental analysis: Next week we have news on EUR, will be released Interest Rate which is expected to increase, followed by ECB Press Conference. Increased interest rate means strength in currency which could support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
10
EURJPY Trading Plan - 27/April/2023Hello Traders, Hope you all are doing good!! I expect EURJPY to go Down after finishing the correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
1