Get started

USD/JPY_SPT - USD/JPY

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals Economic Calendar

USDJPY_SPT trade ideas

USDJPY: consolidates ahead of FOMC minutesUSD/JPY remains near multi-month highs as the market awaits the FOMC minutes. Uncertainty over Bank of Japan (BoJ) policy and the wide US-Japan yield spread continue to pressure the Japanese Yen. Recent statements by BoJ Governor Kazuo Ueda suggest that future rate hikes will depend on economic and financial developments, while in the US, strong economic data supports the USD. Non-manufacturing PMI and job openings beat expectations, boosting Treasury yields. From a technical point of view, USD/JPY maintains a bullish bias initiated last month as long as it trades above 158.00, with targets at 159.00 and 161.946 (its last high to beat). Its key support is located at 157.00, the loss of which could trigger a move to deeper correction zones. If we observe the price is currently located around the Check Point, supporting its price above the most common trading zones. If the movement continues in a bullish tone, it could look for the midpoint of the channel. At the moment it seems to be in a mixed movement after a compression zone between the month of October and part of December. The RSI is currently overbought at 67% and the average cross continues to widen its price, so it does not look like it will stay there and seek to test the price of the highs of July last year. The market will be watching the FOMC minutes, which could influence the direction of the dollar ahead of Friday's Non-Farm Payrolls report. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Long
by ActivTrades
USDJPY trade idea buy and sell levels 05/January 4 hour chartUSDJPY traded bullish all week you can see this as a conformation on the daily and weekly trend lines. My bias would be bullish if we can break through resistance at 158.059 Entry for a buy would be 158.160 expecting to reach 160.276 which is next resistance. For a sell I would enter at 156.724 , need to watch out for 156.233 but if broken would expect a retrace to next support at 154.923 level As always use proper risk ,amagement and secure some pips when in profit
by F0rexBorex
Fundamental Market Analysis for January 7, 2024 USDJPYThe USD/JPY pair is fluctuating near familiar levels, having started the new trading week almost unchanged. The pair is near recent highs as investors await decisions from the Federal Reserve (Fed) and the Bank of Japan (BoJ). Both central banks are expected to make new moves on interest rates in 2025, with the Fed targeting a rate cut and the BoJ beginning to raise rates. Bank of Japan Governor Kazuo Ueda recently reiterated the BOJ's commitment to achieving a neutral rate. What makes the Bank of Japan unique among the other major central banks in the developed world is its longstanding efforts to stimulate inflation rather than curb it. Because the Bank of Japan's discount rates are well below the global average, the Japanese yen has had a tough turnaround in 2024 as the rate differential has widened. Since the natural rate of interest is likely much higher than current BoJ discount rates, BoJ Governor Ueda and company will have to start adjusting rates upward at some point, or they risk sending the Japanese economy into another tailspin. Wednesday will bring the latest Fed meeting minutes down on traders, but the key document this week will be Friday's US Non-Farm Payrolls (NFP) report. As half of the Fed's mandate includes full employment, markets will be watching this week's US employment data with heightened interest. Trade recommendation: Watching the level of 156.00, trading mainly with Sell orders
Short
by Fresh-Forexcast2004
USDJPY InsightHello, subscribers! It's great to see you all. Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe! Key Points: - The Washington Post reported, citing anonymous sources, that Trump’s aides are reviewing a universal tariff plan targeting imports critical to U.S. national and economic security. However, Trump denied the report on Truth Social, criticizing the Washington Post. - Lisa Cook, a Federal Reserve Governor, stated that since September, the U.S. labor market has shown some resilience, but inflation remains stickier than expected. She suggested it would be reasonable to lower interest rates more gradually this year. - The market has begun speculating that Trump might abandon the universal tariff policy in favor of selective tariffs once in office. Key Economic Events This Week: + January 7: Eurozone December Consumer Price Index, U.S. December ISM Non-Manufacturing PMI, U.S. November JOLTS Job Openings + January 8: U.S. December ADP Nonfarm Employment Change, FOMC Meeting Minutes + January 10: U.S. December Nonfarm Payrolls, Unemployment Rate USD/JPY Chart Analysis: The 158 level, which had been acting as a strong resistance zone, has recently been breached. This significantly increases the likelihood of further upward movement for USD/JPY. Based on the current chart, the pair is expected to form a peak in the 161-162 range. If there are no major variables, it is anticipated to retreat to around the 157 level after reaching the peak. If the trend unexpectedly reverses to the downside, we will quickly revise our strategy.
Long
by shawntime_academy
USD_JPY (125 Pips)The USD/JPY pair has been exhibiting significant strength recently, hitting a 6-month high last week and continuing to trade near elevated levels. Based on yesterday's range (Open 157.151, High 157.955, Low 156.235, Close 157.640), the pair remains in a bullish trend. Following is my analysis of the fundamental and technical factors that may influence its movement over the next three days. Fundamental Analysis The USD/JPY pair's recent strength can be attributed to several key factors: Divergent Monetary Policies: The Bank of Japan (BoJ) has maintained its accommodative monetary policy, while the Federal Reserve has been more hawkish. Despite expectations for the BoJ to normalize its policy in 2024, this didn't materialize as anticipated. The persistent policy divergence continues to support the USD/JPY pair. Yield Differentials: The significant gap between US and Japanese bond yields remains a crucial driver for USD/JPY. As of late 2024, the 10-year US bond yield stood at 4.5%, substantially higher than Japan's. This yield differential attracts carry trades, supporting the pair's upward momentum. Economic Data: Upcoming US labor market data, scheduled for release on Friday, January 10, could significantly impact the pair's movement. Strong US economic data could further strengthen the USD. Potential Intervention: With USD/JPY approaching the 157.00-160.00 range, there's increased speculation about potential intervention by Japanese authorities to support the yen. This factor could introduce volatility in the coming days. Technical Analysis From a technical perspective, the USD/JPY pair shows a strong bullish trend, but there are signs of potential consolidation or correction: Resistance Levels: The pair is currently facing significant resistance in the 157.72-158.32 range. A break above 158.32 could lead to further gains, potentially targeting the multi-decade high of 161.95. Support Levels: Key support levels to watch include 156.00 and 155.00, which are currently the most important short-term support levels. Momentum Indicators: The Marlin oscillator is pointing downward on the daily timeframe, suggesting that any price rise above 158.32 could be a false breakout. However, on the H4 timeframe, the Marlin oscillator has entered positive territory, indicating potential for further growth. Trend Analysis: The pair remains in a bullish trend, as evidenced by a rising trend line and key moving averages below the price. However, a decisive break below the bullish trend line that has been in place since September could signal the start of a deeper correction. Outlook for the Next Three Days Given the current technical and fundamental factors, the USD/JPY pair is likely to continue its consolidation near current levels in the short term. The 157.72-158.32 range appears to be a crucial battleground. A break above this range could see the pair testing higher levels, potentially towards 159.45 and even 161.95. However, traders should be cautious of potential intervention by Japanese authorities if the pair approaches the 160.00 level. Additionally, the upcoming US labor market data could introduce volatility. In conclusion, while the overall trend remains bullish, the risk of a correction or consolidation is increasing. Traders should closely monitor key technical levels and upcoming economic data for potential trade opportunities in the coming days.
Long
by NYHTSTAR
The Macroeconomic Impact of the Latest Inflation Report on USDIntroduction: Inflation data has always been a crucial driver of currency movements, and the upcoming inflation report is no exception. With USD/JPY currently at a pivotal point, traders are closely watching how the figures will influence the Federal Reserve's monetary policy trajectory and market sentiment. Current Market Dynamics: The USD/JPY pair has been consolidating within a tight range between and , reflecting traders' caution ahead of the release. Expectations of could push the pair out of its current range. Scenarios and Key Levels: Higher-than-expected inflation: 1.Potential breakout above . Target level: . 2.Lower-than-expected inflation: Retest of and potential slide toward . 3.Neutral inflation figures: Likely continuation of range-bound trading between and . Conclusion and Community Call-to-Action: What are your thoughts on the upcoming inflation report? Will it trigger a significant move in USD/JPY, or will the pair remain range-bound? Share your analyses and charts in the comments below! 👇
by Safaric
USDJPY - looking to multi buys and hold until daily resistantHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
by QQGuo-Shane
USD/JPY Short using a GANN Fixed Square & Andrews PitchforksWe have an interesting short setup on the Daily. The highest candle printed was on the 26th Dec 2024 (UTC+2). Although it wasn't a nice 'Signal' candle it has traded sideways ever since. From a technical/geometric lens we can see heavy resistance against the angles and arcs of this perfectly scaled Gann Fixed Square including 2 median line touches and a "sliding parallel" exhaustion gap. Note: The 26th Dec from an Astro perspective has very interesting planetary alignments including a Price and Time Square Out, however, the details of this is beyond the scope of this idea. Inevitably the market will decide.
Short
by inflectionpointtrader
USD/JPY Poised for Breakout: Key Levels to WatchFX:USDJPY USD/JPY Poised for Breakout: Key Levels to Watch Analysis: The chart shows the USD/JPY pair on a 4-hour timeframe with multiple indicators and annotations. The price is currently at 157.266, with recent highs and lows marked. The chart includes horizontal support and resistance levels, volume profile, RSI, and a momentum indicator. Price Action Analysis: The price has been in an uptrend since mid-October, forming higher highs and higher lows. Key resistance levels are at 157.406, 158.082, and 158.246. Key support levels are at 156.744, 154.120, and 153.877. Smart Money Concepts (SMC): Break of Structure (BOS) annotations indicate significant price movements. The price is currently consolidating near the upper resistance levels, suggesting potential accumulation or distribution. ICT Elliott Wave Analysis: The price appears to be in the fifth wave of an Elliott Wave cycle, indicating a potential end to the current trend. A correction might be expected before a new trend begins. Indicators: RSI is at 51.93, indicating neutral momentum. The momentum indicator shows mixed signals with recent green bars suggesting bullish momentum. Buy Strategy: Entry: 157.300 (above current resistance) TP1: 158.082 (next resistance level) TP2: 158.246 (upper resistance level) SL: 156.744 (below recent support) Sell Strategy: Entry: 156.700 (below current support) TP1: 154.120 (next support level) TP2: 153.877 (lower support level) SL: 157.406 (above recent resistance) Follow @Alexgoldhunter for more strategic ideas and minds VIP Signal: Buy: 157.300 158.082 158.246 156.744 Sell: 156.700 154.120 153.877 157.406 This detailed analysis incorporates multiple trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to generate comprehensive buy and sell strategies. The indicators displayed on the chart, such as Fibonacci retracement levels, RSI, and volume profile, support the analysis and identify key levels for entry, take profit, and stop loss.
by Alexgoldhunter
USDJPY- KEY AREAS FOR MAXIMISING OPPORTUNITIESI’ve only marked a couple of key daily levels and kept the chart as easy to read as possible.. very important to sometimes just clear the chart and look at the overall directionally movement of the pair that your trading. Long term weekly and daily price has continued to push to the upside creating many opportunities for holding long term buys and for short term in and out buy trades off the pull backs on the 1-4hr. At the moment price is in a bit of a standstill because of holidays but every time prices makes a quick sell off it is counteracted by an influx of buyers, giving us a clear indication of where price is heading (160.000) I do believe we may see price push straight through this area but will also be looking for price to make a pull back from around here! I’m only interested in buy opportunities at the moment with this pair, I don’t like to ever go against the price overall direction.. rather then trying to pick the tops or bottoms of potential reversals I feel its a lot easier and smarter to just ride the waves of the over direction (if price is overall bullish look for buys off the pullbacks and if price is bearish look for sells on the pullbacks) Happy New Year to all! Hope everyone smashes their goals in 2025, ill be posting again only on TradingView
Long
by jamison_fx