USDJPY OUTLOOK Current technical outlook on USDJPY. In alignment with the bearish dollar (earlier post) and expected rate cut towards the end of the year. I expect some sell to the down side on the USDJPY pair. "May fortune attend thee, and thy trade prosper." .......L2Earned Shortby L2EarnedUpdated 9
USDJPY ( TURNING PLACE )USDJPY Tendency the price is under bearish pressure between 156.189 and 156.773 Turning level : The turning level between 156.189and 156.773, so as long as the price below this level, there will be a bearish trend resistance level : Breaking the turning level 156.773, the price will rise to157.360 as long as the price stabilize this level , there will be reach 157.931 support level : The trading stabilizing below1 56.189and 156.773, the price will reach the support level of 154.700 and153.883 , and under this level it will be reach 152.927 corrective level : price will attempt between 156.189and 156.773, correct itself before falling * Know the price attempt to touch the turning level , correct it is self before falling Shortby ArinaKarayi5
USDJPY BUY OPPORTUNITY Price made a bullish move upto 0.7% increase as at Friday. This shows there could be a possible buy opportunity from the current market price. Target is 157.6Longby Cartela4
An important week ahead for USDJPYThe USDJPY has experienced bearish pressure due to recent interventions by the Bank of Japan (BoJ), which has been purchasing Yen to stabilise its currency. According to Bloomberg, the BoJ has spent over $62 billion in the past month on these interventions. Despite significant USD strength over the JPY driven by the interest rate differential, the chart shows prices dipping below the 155 level. This suggests that the BoJ's efforts have had a noticeable impact on the exchange rate. It's crucial to consider that the BoJ may continue its intervention strategy, potentially leading to further corrections in USDJPY. Therefore, effective risk management is essential, including taking partial profits to safeguard against volatility. My entry on USDJPY: I am in a buy trade from 155.700. I plan on monitoring Monday and Tuesdays price action to potentially add to my positions ahead of Wednesdays numbers. The following is news and data we need to keep an eye out for over the coming week: Core CPI m/m, CPI m/m, CPI y/y Federal Funds Rate FOMC Economic Projections FOMC Statement FOMC Press Conference Core PPI m/m PPI m/m Unemployment Claims Prelim UoM Consumer Sentiment Good luck guys!Longby TheForexMessiah4
USDJPY in Ascending Channel ! 200 Pips UP! Dear Traders, i expect price will move up to middle of channel, First Target : 158.800 Second Target: 160 dont Forget like&Comment please! regards, Alireza!Longby alirezakUpdated 4
DeGRAM | USDJPY pullback from the channel boundaryUSDJPY is moving between the trend lines in a descending channel near the upper boundary. The price has been rising for a long period of time without pullbacks and is now approaching the resistance level, which coincides with the 62% retracement level of the last bearish impulse. We expect a pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 114
USDJPY shortingUSDJPY shorting Price went down broke the structure and shifted for down trend. Currently I'm seeing price retracing back up and move down. Shortby Badi_GunnarsUpdated 2
USDJPY ( SHORT PRESSURE )USDJPY Tendency the price is under short pressure 157.655 Turning level : The turning level 157.655 , so as long as the price below this level, there will be a bearish trend resistance level : Breaking the turning level 157.655 , the price will rise to158.289 as long as the price stabilize this level , there will be reach 159.523 support level : The trading stabilizing below 157.655 , the price will reach the support level of 155.658 and 154.497 , and under this level it will be reach 153.656 corrective level : price will attempt 157.655 , correct itself before falling Shortby ArinaKarayi4
Daily USD/JPY UpdatesHello Traders! As we can see yesterday was a down day and I like to buy after those days. Overall NFP has pushed price towards the HTF trend. Let's see if it keeps up. Long07:20by ForensicForex3
USDJPY Its Barrish Setup USDJPY Update⚠️ Alert 🔍It seems like USDJPY is the move dancing with in channel recently busting out of a download trend! 🚀📈 As it nears the resistance zone the anticipation is palpable for a correction ⭐ but there the interesting part once this correction happens there a chance it might hit the midline of the channel 🎯⭐ That's like the rebound zone to the channel Trendline.📈 And whi knows? This Rebound could just sky - rocket up to touch the ceiling of the the channel So fellow treads what do think? Dont forget give it it a thumbs up drop a comment and spread the worldLongby MrCharlie153
USDJPY ( 4H )USDJPY Tendency the price is under bearish pressure between 155.682 and 156.196 Turning level : The turning level between 155.682 and 156.196 so as long as the price below this level, there will be a bearish trend resistance level : Breaking the turning level 156.196 , the price will rise to157.051 as long as the price stabilize this level , there will be reach 157.693 support level : The trading stabilizing below 155.682 the price will reach the support level of 154.700 and153.883 , and under this level it will be reach 152.927 corrective level : price will attempt between between 155.682 and 156.196, correct itself before falling Shortby ArinaKarayi3
USDJPY POSSIBLY BUY OPPORTUNITY Price currently trade at $156.236 level. A buy opportunity is envisaged from the current market price . First target will be at 157.000 second target at 158.4Longby Cartela2
USD/JPY Bears Seek to Regain ControlUSD/JPY is back on the defensive this week with a two-day sell-off of nearly 2% once again approaching multi-month uptrend support. The focus is on a reaction into confluent support near 154.09 IF reached with a close below 152.55 ultimately needed to suggest a larger reversal is underway here. Initial resistance eyed at the yearly high-day close (HDC) at 156.30 - with a breach / close above the upper parallel (blue) needed to shift the focus back towards the the yearly high-close (HC) at 158.28 . Bottom line: look for a reaction on stretch into 154 for guidance with the risk lower sub-157. NFPs on tap Friday. . . Michael Boutros @MBForex by FOREXcom1
USDJPYBuying for short period before reversal. So let's wait for the reversal while we see what the market does. Note: this is not a financial advice, make your own analysisLongby The258ChartsSMC3
I think every Day Trader should see this. USDJPYHey guys I have something that I think it is valuable if you see it...by MPfx_trader2
The Japanese yen continues to weakenThe Japanese Yen remains weak as the BoJ is expected to maintain current policy in June The Japanese Yen fell slightly as the BoJ is expected to maintain current interest rates on Friday. Japan's stable stock market has weakened the JPY. The US dollar held firm as the likelihood of two Fed rate cuts in 2024 decreased. USD/JPY traded around 157.20 on Tuesday. Daily chart analysis shows an uptrend as the pair consolidates in an ascending channel pattern. Additionally, the 14-day Relative Strength Index (RSI) is above the 50 level, indicating a bullish trend. Significant hurdles can be seen at the psychological level of 158.00. A break above this level could provide support, potentially guiding the USD/JPY pair towards the vicinity of the upper boundary near the 158.60 level. The next level of resistance is seen at 160.32, which marks the highest level in over thirty years. On the other hand, the lower boundary of the ascending channel, roughly at 154.90, stands out as key support, coinciding with the 34-day Exponential Moving Average at 154.86. A breach below this level could intensify bearish pressure on the USD/JPY pair, potentially steering it towards the pullback support area around 152.80.by TVS-TraderUpdated 3
USD.JPYWe have not observed any notable movement from this currency pair since the market opened. The price is currently within a specific range based on the parameters we indicated in the chart. If the 158.20 region is disrupted, the price may rise somewhat, perhaps to 160.00. Conversely, we may anticipate a decline in the dollar's value relative to the yen due to the sellers' pressure, which initially will be limited to a price range of 155.00 dollars. You might think about entering the sell trade within the region of 158.20; if this range of prices is not broken, there will be a significant selling opportunity.Shortby JBKONLINETRADING2
USDJPY LowerTrying USDJPY lower here. We seem to have broken a rising wedge which is a nice technical setup. We have some big data for the US economy this week with ISM services, NFP and JOLTS. i think US data continues to weaken this week and so leads to lower US yields which should mean lower USDJPY. USDJPY is already quite high relative to rate differentials. sentiment and positioning is also extremely high. idea is for USDJPY to move lower this week on weaker data, if the data is much stronger than expected then the idea no longer makes sense. Also if USDJPY isn't much lower by the end of the week then it likely wouldn't make sense for next week but i will update then. Not trading/investment advice, feedback welcome!Shortby Spinning_Updated 2
USD/JPY steady despite soft household spendingThe Japanese yen is calm on Friday. In the European session, USD/JPY is trading at 155.50, down 0.06% on the day at the time of writing. Japan’s economic activity has been sluggish and household spending, a key driver of economic growth, declined by 1.2% m/m in April. This followed a 1.2% gain in March and was well short of the market estimate of 0.2%. On a yearly basis, household spending rose 0.5%, up from -1.2% but short of the market estimate of 0.6%. Japanese households have been curbing spending as inflation is high and economic conditions remain gloomy. On Monday, we’ll get a look at Japan’s GDP for the first quarter and the forecast is not looking good. The economy is expected to have contracted by 0.5% q/q in Q1 after no growth in the fourth quarter of 2023. This would point to the economy barely avoiding a recession. On an annualized basis, the economy is expected to have declined by 2% after a gain of 0.4% in the fourth quarter. The Bank of Japan meets on June 14th and a weak GDP report could complicate plans to tighten policy. The BoJ has hinted that it will continue on the path to normalization but if the central bank doesn’t make any moves at the June meeting, the weak Japanese yen could lose more ground. In the US, the week wraps up with the nonfarm payrolls report for May. This release is one of the most important events on the data calendar but has found itself overshadowed by inflation releases. Still, nonfarm payrolls is a market-mover that can have a significant impact on the US dollar. The market estimate stands at 185,000 for May, little changed from the 175,000 gain in April. USD/JPY tested resistance at 155.81 earlier. Above, there is resistance at 156.21 155.19 was tested in support earlier. The next support level is 154.74by OANDA2
USDJPY BEARThis is a bear set-up there is a higher start but looking for two targets. I will update laterShortby elitetechfx-dailyUpdated 2
USDJPY: We've seen the peak for nowYen's weakness has been one of the biggest stories of the last two years, but we are set for a reversal in the near term. Fundamentally, inflation and the economy are holding steady in Japan, and the carry trade looks very old. In late April, the big reversal shook many carry traders out and opened the door to a near-term reversal. This is a higher-risk trade for me than normal since the technical analysis is a mixed report. The trend indicates more potential upside, while the candlesticks and chart patterns point to a reversal. Momentum is neutral, encouraging an entry long, but the divergence demonstrates a sell. Any more weak U.S. economic news could move this pair along quickly. I think its current state is fragile. I'll update this chart as it evolves. OPEN SHORT Trend: Bullish Momentum: Neutral, Bearish Divergence Japanese Candlestick Pattern: An Evening Star Reversal could be forming this week. Chart Pattern: Possible Bearish Rising Wedge Support and Resistance: 151.50, 148.50 are in play near-term. U.S. ISM PMI and NFP could move the pair quickly this week. Shortby positionforexUpdated 224
USDJPY SELL U.S. Dollar / Japanese Yen chart to track latest price changes. Trade ideas, forecasts and market news are at your disposal as well.Shortby iqbalkhan062
USDJPY my point of view show that usdjpy is going in ascending trend to say it will fall or go down first it must break this trend so i strongly support buying trades. tell me if you agree or no and why no ?have fun with trading by kareemhamed3