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Usdjpychart

USDJPY SELLUSD/JPY rises further and approaches 148.00 as the US Dollar firms up The US Dollar rallies for the second consecutive day against the Yen, and approaches 148.00. Strong US data support the Fed's "wait and see" stance and underpin demand for the US Dollar. In Japan, the uncertain political context is likely to deter the BoJ from hiking interest rates further. Previous market optimism is turning into caution as the market shifts its focus to the monetary policy reports by the Bank of Japan and the US Federal Reserve due next week. The Fed is widely expected to leave interest rates unchanged next week, more so after the strong US business activity and Jobless Claims figures released on Thursday. These data confirmed that the US economy remains resilient with a healthy labour market, which gives further leeway for the Fed to await further insight into the impact of tariffs before resuming rate cuts. The US Dollar has been trading higher following Thursday’s releases. Also on Thursday, US President Trump paid an unusual visit to the Federal Reserve, only a few days ahead of their monetary policy meeting. Trump complained about the overcosts of the headquarters’ renovation and pressed for a less restrictive monetary policy, but his unusually soft comments after the visit eased investors’ concerns about the previous attacks on the central bank's independence. In Japan, the somewhat softer Tokyo inflation figures seen on Friday and the trade deal would help the BoJ to continue hiking interest rates, but the bank is likely to stand pat next week and probably delay further monetary tightening until the political situation clarifies. This is likely to keep the Yen upside attempts subdued in the near-term. SUPPORT 147.642 SUPPORT 147.311 SUPPORT 146.854 RESISTANCE 148.206 RESISTANCE 147.972
Short
by Mark804
USDJPY SELL USD/JPY Editorial Tools Latest USD/JPY Forecast and News share Join NEW Japanese Yen hangs near multi-month low against USD ahead of Japan election on Sunday The Japanese Yen drifts lower against its American counterpart for the second straight day on Friday and remains within striking distance of an over three-month low touched earlier this week. Investors now seem convinced that the Bank of Japan (BoJ) would forgo raising interest rates this year amid worries about the economic fallout from higher US tariffs From a technical perspective, the USD/JPY pair showed some resilience below the 100-hour Simple Moving Average (SMA) earlier this week, and the subsequent move up favors bullish traders. Moreover, oscillators are holding comfortably in positive territory and are still away from being in the overbought zone. However, the overnight failure to build on the momentum beyond the 149.00 mark warrants some caution. Hence, it will be prudent to wait for some follow-through buying beyond the 149.15-149.20 region, or a multi-month peak, before positioning for a move towards reclaiming the 150.00 psychological mark. On the flip side, the 148.20-148.25 region, or the 100-hour SMA, could offer immediate support ahead of the 148.00 mark. Some follow-through selling, leading to a slide below the 147.70 area, could make the USD/JPY pair vulnerable to accelerate the fall towards testing sub-147.00 levels. Acceptance below the latter might shift the bias in favor of bearish trades and drag spot prices to the 146.60 intermediate support en route to the 146.20 area, the 146.00 mark, and the 100-day SMA, currently pegged near the 145.80 region 1 SUPPORT147.642 2 SUPPORT 147.311 3 SUPPORT 146917 1 RESISTANCE 148.206 2 RESISTANCE 147.972
Short
by Mark804
USDJPY SELLJapanese Yen adds to intraday losses; USD/JPY climbs to 148.80 amid broad-based USD strength The Japanese Yen selling remains unabated through the early European session on Thursday, which along with a goodish pickup in the US Dollar demand, lifts the USD/JPY pair to the 148.80 region in the last hour. Data released earlier today showed that Japan clocked a smaller-than-expected trade surplus in June. From a technical perspective, the USD/JPY pair showed some resilience below the 100-hour Simple Moving Average (SMA) on Wednesday, and the subsequent move up favors bullish traders. Moreover, oscillators are holding comfortably in positive territory and are still away from being in the overbought zone, suggesting that the path of least resistance for spot prices is to the upside. Hence, some follow-through strength back towards the 149.00 mark, en route to the overnight swing high near the 149.15-149.20 region, looks like a distinct possibility. The upward trajectory could extend further towards reclaiming the 150.00 psychological mark for the first time since late March. On the flip side, the 148.00 round figure now seems to protect the immediate downside ahead of the Asian session low, around the 147.70 region. The latter nears the 100-hour SMA, below which the USD/JPY pair could retest sub-147.00 levels. Some follow-through selling might shift the bias in favor of bearish trades and drag spot prices to the 146.60 intermediate support en route to the 146.20 area, the 146.00 mark, and the 100-day SMA support, currently pegged near the 145.80 region\ TP 1 147.931 TP 2 147.342 TP 3 146716 RESISTANCE 149.233
Short
by Mark804
usdjpy chartUSD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis. USD/JPY rebounds after the heavy sell-off on Monday. US Dollar traders are buying the dip after possible intervention by the authorities pulled USD/JPY down. The interest rate differential between Japan and the US is likely to maintain a bullish pressure on the pair
Short
by Mark804
USDJPY → Caught in a Bear Trend! About to Reverse? Let's look.USDJPY has been falling in a bear trend since it's double top at last years high of 152.000. We saw a great bull response candle on December 7th and the close of a slightly lower low on December 13th. We may have had the first leg up in a bull reversal, but do we have the data to support it? How do we trade this? 🤔 Short answer, no. We need confirmation that we've hit a strong support zone and we do have *some* data to support that. December 7th, good wick on the underside of a buy candle followed by a run up, end of the second leg down. December 13th, slightly lower low but a strong bull run to the upside late in the week, end of the third leg down. This means we need to be looking for strong support since we're starting to get strong support signals. What we need is a double bottom in the 141.000-141.200 area. A strong buy signal bar and confirmation to provide us with enough probability to enter a long trade. It's reasonable to scalp at a 1:1 Risk/Reward Ratio with hesitancy that this is truly a reversal or even a trading range. We can scalp for now and wait for a third test of support to give us even more probability for a swing trade at a 1:2 or 1:3 Risk/Reward. Stop loss should be below the double bottom and take profit should be near the previous support, now resistance. Until then, it's wise to wait for that support to reveal itself or the alternative, we break down for another 4th leg. At this time, we assess the chart and look for entries again. 💡 Trade Ideas 💡 Long Entry: 142.600 🟥 Stop Loss: 140.500 ✅ Take Profit: 144.700 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Strong Bull Response Candle followed by slightly lower low, third leg down. 2. Strong Bull candles at the end of the last run up, first leg up in Bull reversal? 3. Pulling back to previous low, look for Double Bottom or Breakdown to new Low. 4. If Double Bottom, look to Long 1:1 scalp half position size, may swing other half. 5. RSI at 45.00 and above Moving Average. Reversal Trade Opportunity, Wait for Confirmation. 💰 Trading Tip 💰 Trends typically have three legs in either direction. Signals of a reversal include strong buy or sell bars with large wicks, higher highs and lower lows get weaker, and responses to the reverse direction get stronger. Confirmation lies with double and triple bottoms with a strong candle closing on or near its low/high. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
$USDJPY - Time for correction?Hi guys! 👋🏻 🔔 USDJPY looks extremely bullish, however a retest of 112.1 - 112.3 levels is most likely as the pair hit an important resistance on a 4H and a daily chart. 🔔 MACD and RSI are showing signs of an upcoming correction ahead, which might generate another uptrend potential of the pair. Probably up to 116. See daily and weekly charts below. 🔔 USDJPY daily chart. the important resistance. 🔔 USDJPY weekly chart, possible correction and a jump to 116. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Short
by azizelliott
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