JPY Currency Index forum
Sell Signal: Entry 780.6 JPY
TP1 765.05 JPY (15.55 JPY)
TP2 754.15 JPY (26.45 JPY)
SL 785.00 JPY (4.40 JPY)
Buy Signal: Entry 754.15 JPY
TP1 765.05 JPY (10.90 JPY)
TP2 780.6 JPY (26.45 JPY)
SL 740.00 JPY (14.15 JPY)
📍 Key Insights:
Selling near 780.6 JPY aligns with Elliott Wave correction and liquidity exhaustion.
Buying near 754.15 JPY follows Fibonacci retracement and wave-based continuation.
Compression > Expansion
GJ tumbled to a seven-month low against the yen, hitting 185.48. This sharp decline was part of a broader move where investors fled to safe-haven currencies amid a global sell-off in U.S. assets. The catalyst? The U.S. implemented new tariffs affecting global economies, shaking up markets worldwide.
The introduction of U.S. tariffs sparked fears of a global economic slowdown. In such "risk-off" environments, investors typically seek refuge in safer assets like the Japanese yen. This shift led to a surge in yen strength, causing pairs like GBP/JPY to drop significantly.
That Consumer Confidence drop from 34.8 to 34.1 was a stealth bomb . It may not look like much on the surface, but in the current global macro environment, every hint of weakness in Japan adds fuel to GBPJPY’s upside volatility!
FOMC > real gasoline to the fire 🔥
> The Fed confirmed it would cut rates if inflation keeps cooling down.
> Members noted that progress on inflation is continuing, albeit not fast enough for immediate action, but rate cuts are firmly on the table for 2025.
> The US dollar dropped immediately after the release and pulled up.
Weak Japan Consumer Confidence (JPY weakness) & FOMC confirming rate cuts ahead (USD weakness + risk-on)
USD weakened > JPY got crushed harder. When risk is on > GJ (BEAST) is safe heaven! with a little along GBP pairs like
Right after we hit +600 PIPS on the Short, Timing is the key. Let's discuss!
For

For the once wondering why we had a bullish move to the upside yesterday!
GJ is a beast! 🔥 It’s known as the "Dragon" for a reason, wild swings, massive liquidity grabs, and crazy volatility. Money flows in and out rapidly based on market conditions as JPY is a safe heaven for investors.
Upside move yesterday influenced by pre-announcement market positioning due to Trump’s tariff plans. Investors steeped in Buying due to risk factors and pulled out after announcement.
How to Trade Smart? Stick to clear structure & levels.
> Use a wider stop-loss (tight SLs will get hit fast).
> Fakeouts happen often.
> Don't let profits vanish in sudden reversals. Take partials when you see it positive.



Price arrived on weekly resistance, it can either break through the zone or be rejected
