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Usdjpybreakout

USDJPYCurrent Price: 142.868 Recent Trend: Bearish correction from highs above 146.000 📊 Technical Analysis: 🔻 Bearish Structure USD/JPY has been in a clear downtrend over the past few sessions, pulling back from the 146.000 level. Price is currently below the pivot zone (~143.700–144.100) which previously acted as support but now flipped to resistance. 📌 Key Levels: Type Price Level Notes Resistance 143.700–144.100 Pivot zone & breakdown area Support 141.300 Minor horizontal support Support 140.000 Strong psychological and historical level 🔀 Possible Scenarios: Bearish Continuation: If the price fails to reclaim the pivot zone, sellers may gain control again. Breakdown below 141.300 opens the door to 140.000 next. Bullish Reversal: If price holds above current support and climbs back above 143.000, we may see a test of the pivot area. A breakout above the pivot could push USD/JPY toward 144.500–145.000. 📰 Fundamental Factors to Watch 🟢 1. US Economic Data Yesterday’s CPI (Inflation) showed slightly hotter-than-expected numbers ➝ Fed may lean hawkish ➝ bullish for USD PPI data today will add clarity: If PPI > expected: Fed tightening bias increases ➝ USD stronger ➝ USD/JPY up If PPI < expected: Dovish shift ➝ USD weakens ➝ USD/JPY down 🔴 2. BOJ (Bank of Japan) Policy Outlook BoJ remains ultra-dovish, but recent comments hinted at long-term inflation pressures. If any signal of tightening or less dovish talk comes out, it could strengthen the Yen and pull USD/JPY lower. 📉 3. Bond Yield Watch US-Japan 10-year yield spread is a major driver: If US yields rise faster → USD/JPY goes up If US yields fall or Japan yields rise → USD/JPY goes down 🔍 Sentiment: “The market is in wait-and-see mode, hovering just above minor support. If PPI surprises higher, USD/JPY could bounce hard. But if sentiment sours, we may retest the 141.300 or even the psychological 140.000 support. Eyes on yields and the Fed narrative.”
Short
by xxChartWhizxx
USDJPY | Perspective for the new week | follow-up detailsMany are still expecting a Fed pause next month but the jobs market isn't cooperating as it record a 13th straight month of non-farm payrolls beating the consensus estimate. A crisis of confidence among regional and mid-sized U.S. banks, which first broke out in March, has also resurfaced, and adding to these concerns is the potential U.S. debt default, the first-ever if Republican lawmakers in Congress continue their political wrangling with the Biden administration instead of having the debt ceiling raised. In this video, we have taken the time to dissect the current USDJPy chart from a technical standpoint to decipher the likely potential of price movement in the coming week. Technically, a bullish momentum is foreseen but when and how it will happen is the bone of contention. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
USDJPY potential break of weekly/monthly Support/DemandHere we have some very simple USDJPY analysis. I have a bearish bias on this pair however due to price sitting at around support currently I have provided a long scenario target. As we can see from the analysis USDJPY has successfully broken below what was a Major Monthly Ascending Trendline. The short term trend is also bearish on this pair. Taking all this into consideration my bias is to the short side in the medium to long term, with targets sat at around the 110.00 level. Price has not sat at 110.00 for nearly 15 months. The 110.00 Level also lines up perfectly with a monthly Fib extension which adds additional confluence. In an ideal world I would like to see a clean break and close at or below 115.50 and for price to then retrace back into 116.00 to 116.30 level before looking for bearish confirmation and initiating a short order. Remember I take an Instituional Swing Investment approach so this scenario might take a few weeks to play out and may not be a suitable for day trading or scalping for that matter. But if it does play out as derscribed above then we could well see price drop a significant amount. These are the kind of trades that interest me. If it plays out as described it also means that this type of trade is based on sound money and risk management because the Risk Reward ratio will be excellent. My only concern with this pair is that we have not had a retest of the monthly ascending trendline. However, as you all know well... Forex isn't quite so simple and the charts dont always give us what we want and can sometimes just continue dropping or rising at their own leisure. In all scenarios, I recommend remembering that the markets can continue to remain irrational longer than our accounts can stay afloat. So trade wisely and I wish you all a happy trading week ahead. If anyone would like to comment or post their own view then please feel free to do so. Many thanks and Best regards! Barry The Forex Trader #BTFXT
Short
by barry_fxtrader