Get started

USDJPY

USDJPY moves sideways on positive conditionsAs the US presidential election is approaching, uncertainties will become the main focus of the market. Signs that former President Donald Trump's chances of winning the November election are increasing could contribute to the dollar's overall performance. can keep US interest rates high, thus increasing the appeal of the USD. In the short term, the Bank of Japan's policy statement on October 31 is a notable factor in the near term for USD/JPY and the Bank of Japan's clear attitude towards the adjustment should be observed. On the daily chart, OANDA:USDJPY continues to move sideways but in terms of the overall picture, the possibility of price increases still prevails. The main uptrend is noted by the price channel with key support at EMA21, and as long as USD/JPY remains above EMA21 and within the price channel, it still has a technical upside prospect in the near term. On the other hand, once USD/JPY breaks the confluence of the upper channel edge along with the 0.50% Fibonacci retracement level it will have room to continue rising with a target then around 151.866 in the short term, more than Fibonacci level 0.618%. The relative strength index is flat above 50 but has not yet reached the overbought area, showing that there is still room for price growth ahead. The general assessment, trend and outlook of USD/JPY is technically bullish and notable levels will be listed as follows. Support: 149.364 – 148.823 – 148.113 Resistance: 150,739 – 151,866
by Xayah_trading
USD/JPY idea short 1hHey i have a little idea for a short position it goes like this. A rising wedge pattern is made but does not rise and falls below the pattern so a reversal is coming i think. Plus he also hit my support on the week time frame so i think my reversal is confirmed now wait and see. If he should still return and turn above the pattern, then take a long position it's also the weekend this is just a calculation but it seemed like a possible solution when the market opens again. Enjoy your weekend everyone! #RisingWedge #Bearish
Short
by MrViewPips
Usdjpy still seems upside but having zig zag moveHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Price actions still whips in a wedge, but general direction still up unless the structure fails. Let's watch this coming week for clearer picture! Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
USD/JPY Market Update: Key Levels and Long-Term ProjectionsUSD/JPY Market Update: Key Levels and Projections The USD/JPY pair is nearing significant resistance levels, with potential for a correction if price action encounters selling pressure. Here’s a concise analysis of the current market structure: Sell Zone: 152.713 - 151.934 - 150.814 This sell zone marks crucial resistance levels. If the pair closes above 152.713 on the daily time frame, the market could turn extremely bullish. However, within this zone, price could face significant resistance, triggering a pullback. Buy Zone: Below 139, 136.000, and 128.000 The buy zones are below 139, with key support levels around 136.000 and 128.000. These zones are expected to hold strong buying interest if a correction occurs, providing opportunities for a reversal back to the upside. Current Price Action At 149.540, USD/JPY is approaching the lower boundary of the sell zone. While momentum remains bullish, watch for potential reversals near resistance. COG: 144.438 The center of gravity (COG) at 144.438 is an important mid-level to watch. It could act as a pivot point in case of a price retracement, offering insight into the strength of the pullback. Key Levels: Resistance: 152.713 - 151.934 - 150.814 (Sell Zone). Support: Below 139, 136.000, 128.000 (Buy Zones). COG: 144.438. Outlook A breakout above 152.713 may drive further gains, while a correction toward 136.000 or below offers potential buying opportunities. Share your thoughts in the comments, and don’t forget to boost this post if you agree with my analysis.
by Gravity-Traders-Academy
$JPIRYY -Japan's CPI (September/2024)ECONOMICS:JPIRYY 2.5% (September/2024) source: Ministry of Internal Affairs & Communications - The annual inflation rate in Japan fell to 2.5% in September 2024 from 3.0% in the prior month, marking the lowest reading since April. Electricity prices increased the least in three months as the impact of energy subsidy removal in May waned (15.2% vs. 26.2% in August), and the cost of gas rose much more slowly (7.7% vs. 11.1%). Moreover, costs moderated for food (3.4% vs. 3.6%), furniture & household utensils (4.8% vs. 5.2%), transport (0.1% vs. 0.2%), and culture (4.3% vs. 4.8%). Additionally, prices fell further for communication (-2.6% vs. -2.4%) and education (-1.0% vs. -1.0%). On the other hand, inflation remained unchanged for housing (0.7%) and healthcare (1.5%), while edging higher for clothes (2.4% vs. 2.3%) and miscellaneous (0.9% vs. 0.8%). Meanwhile, the core inflation rate hit a five-month low of 2.4%, down from August's 2.8%, compared with the consensus of 2.3%. On a monthly basis, the CPI declined by 0.3%, pointing to the first drop since February 2023.
ECONOMICS:JPIRYY
by Mr_J__fx
USDJPY /BETWEEN FVG AREA / 4HUSDJPY / 4H TIME FRAME HELLO TRADERS The price is attempting to reach a Fair Value Gap (FVG) between 150.961 and 152.784. This suggests the price is in a critical area that could lead to potential buying or selling opportunities. There’s a possibility of the price retesting 148.340 before starting to rise. This indicates that the author believes the price might dip before moving upwards. The statement notes that the overall price is under bearish pressure, meaning there is a downward trend. The reference to remaining below the FVG indicates a struggle for the price to rise past this zone. If the price does not break above the FVG, the analysis suggests it may decline further, targeting the FVG between 148.340 and 146.430. This is interpreted as a confirmation of a downtrend. To confirm a downtrend, the price must break below the current FVG, aiming for a secondary FVG between 145.291 and 144.379. This indicates a bearish outlook if these levels are breached. UPWARD FVG : 150.961 and 152.784. DOWNWARD FVG : 148.340 and 146.430 , 145.291 and 144.379.
Short
by ArinaKarayi
USDJPY ready to fly! FA: USDJPY 🏛 Pressure on the yen is exerted by data on inflation in Japan. Thus, the national consumer price index in September decreased from 3% to 2.5%, while the index excluding food and energy prices slightly increased from 2% to 2.1%. The current inflation dynamics is unlikely to contribute to the realization of the Bank of Japan's plans for further tightening of monetary policy. At the same time, the regulator has repeatedly noted that it will not change monetary parameters during the period of high volatility in the market. 📊 In turn, the dollar received additional support after the release of data on consumer activity in the United States. Thus, retail sales in September rose from 0.1% to 0.4%. TA: 1. Uptrend on 1h time frame 2. Test ob on news in deep discount and nice bounce from it 4. Insane pin bar ( hammer ) on 1h time frame 3. liquidity sweep of Asian low 5. PDH as main target
Long
by Almenio
2
USD/JPY Price Analysis: (READ DESCRIPTION)USD/JPY Price Analysis: Potential Short-Term Downside Pivot Point: 150.30 This level acts as a critical resistance, influencing potential bearish movements. Market Outlook Our Preference: Bearish Scenario: Short positions are recommended below 150.30, with downside targets likely. Target Levels: Target 1: 149.50 Target 2: 149.20 These are the immediate downside objectives for traders holding short positions, should the price remain under the pivot. Alternative Scenario If USD/JPY breaks above 150.30: Bullish Outlook: Further upside could be expected. Target Levels: Target 1: 150.50 Target 2: 150.75 This suggests potential for upward momentum if the price surpasses the pivot. Technical Indicators RSI (Relative Strength Index): Indicates caution, as failure to surpass 150.30 could accelerate selling pressure.
by CharivapaAlgo
USD/JPY Towards 160 if the Fed doesn’t cut!USD/JPY is currently trading near the 150.00 level, under pressure due to verbal intervention from Japanese authorities and a pullback in the US Dollar. The pair is navigating a cautious environment, as mild risk aversion strengthens the safe-haven Japanese Yen. However, despite this pressure, the pair maintains its broader upward trend after breaking a key resistance level. Fundamentally, USD/JPY continues to find support from strong US retail sales data and a resilient labor market, along with rising US Treasury yields. This has led investors to reduce the likelihood of a 25-basis-point rate cut by the Federal Reserve at the November meeting, keeping the dollar supported and the pair on a bullish trajectory.
Long
by Forex48_TradingAcademy
1