Mufg — Trading Ideas on TradingView

Why Morgan Stanley and MUFG back JPY? Morgan Stanley and MUFG both see the Japanese yen as the strongest G10 currency in 2025. They expect it to gain value as U.S. interest rates fall and Japan’s central bank raises its own. On the daily chart, USD/JPY oscillators are still away from being in the oversold zone, suggesting that the path of least resistance could to the downside. MUFG predicts further yen gains, especially against the euro, and has set a target of 150 for EUR/JPY, down from 157. Morgan Stanley also favors the Australian dollar. Meanwhile they believe the New Zealand dollar will appreciate but underperform the Australian dollar due to a weaker domestic outlook.

Mitsubishi UFJ Financial Group, Inc.MUFG's price has been following a complex corrective pattern (WXY). This correction was confined within a corrective channel. An attempt to break out of this channel to the upside previously failed, indicating ongoing correction. Recently, there has been a breakout above the upper channel line. This breakout suggests that the WXY correction may have completed. However, to confirm the end of the correction and avoid premature conclusions, a level of invalidation is being monitored. If a new correction starts, it could invalidate the previous breakout. It's important to note that Elliott Wave Theory is a complex and subjective method of technical analysis, and different analysts may have varying interpretations of price patterns. Additionally, real-world financial markets are influenced by a multitude of factors, and no analysis method can guarantee future price movements. Traders and investors should use multiple tools and analyses to make informed decisions.

MUFG SELL ++++MUFG is way overbought, approaching a triple top and due for a correction

THE RISING TIDE. The bank's tsunami is coming.A lot of altcoin pumpers who think they run this show say this ride is over. They think they are whales, but they are about to understand they are mere little fishies compared to the super whales entering the water. The unfortunate reality is big banks still run this show. Altcoin trading is about to get a big ass pounding and disruption. Late last week, news broke that Japan's biggest Bank of Tokyo-Mitsubishi UFJ (BTMU), the 3rd biggest bank in the world has formed an agreement to work on standards with Ripple. The rest is history. Price went up. Price went down. Standard shit. But this isn't standard kids. Most altcoin news is followed by a dump because really it's just some hype to lift values. Japanese are all about honour. If they make a commitment, it's huge in their culture to protect their face - their image. If a leader makes a decision, the honourable follow. XRP's ATH a few days ago was just the first ripple that will build into a tsunami. Where do you stand in the wave? I expect in the coming days or weeks to follow, we're going to see news release after news release of new partnerships. This could escalate very quickly. It could also play out much longer. Depends what your game strategy is. My strategy is long and slow. I make more holding for extended periods than I do sitting in front of a chart all day. So choose wisely. I see a fractal there. Altcoin traders with a few btc's behind them think their opinion of this pump being over matter when MUFG has something like $80-90b at stake. It's laughable. If you want to get rich tomorrow, there's no guarantees XRP will moon. But I see anywhere at this point as a good entry. Expect it to go down however, and for how long? Who can say. The last rush, I started accumulating around 1000, and had to wait it out while it descended to 600. If you ask the charters during this period while I was recommending this as a buy, a lot of them would have said you were crazy. The SWIFT problem is a mega billion dollar headache nobody else is solving. The banks have chosen their chosen one for the coming era. Don't say I didn't warn you to buy some XRP and rise with the tide. ~ Hanz E. Holdinworth Because my hands are holding worth.