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Usdjpybuy

Asian currencies hit bottom: Pressure from the FedUSD Rises on U.S. Economic Strength and Trump’s Tax Policies, Dragging Asian Currencies to a 20-Year Low Asian currencies fell to their lowest levels in 20 years as the USD maintained its strong position, fueled by the U.S.'s superior economic growth and President-elect Donald Trump's commitment to raising import taxes. The Bloomberg Asia Dollar Index dropped to 89.0409 on Monday, the lowest since data began in 2006. The USD rally has been supported by the Federal Reserve's cautious stance on interest rate trajectories and expectations that Trump’s tax policies will exert inflationary pressures. “USD will continue to appreciate against Asian currencies, but the degree will vary across countries,” said Alvin T. Tan, Head of FX Strategy at the Royal Bank of Canada. He noted that if U.S. trade protectionism materializes, it could be a "game-changer." Asian central banks might respond by allowing their currencies to depreciate in a controlled manner. The Bank of Japan (BoJ) is drawing global investors’ attention as one of the few major central banks maintaining a tight monetary policy amidst a trend of easing. With plans to hike interest rates at least once in 2025, BoJ’s move is expected to have positive effects on the banking sector. Notably, while BoJ intends to raise rates, the interest rate gap between Japan and major economies, especially the U.S., is expected to remain significant. This could put downward pressure on the yen, while simultaneously providing a competitive advantage to Japanese exporters. However, a potential risk lies in increased selling pressure on Japanese government bonds if BoJ opts for quantitative tightening. Trading Strategy The main trend for USDJPY remains strongly bullish in the long term, so it’s recommended to focus on buying at lower support levels to optimize profits and align with the dominant trend. Strategy Buy Zone: 157.200 Stop Loss (SL): 156.600 Take Profit (TP): 157.900 Sell Zone: 158.800 Stop Loss (SL): 159.300 Take Profit (TP): 158.000 Pay attention to full TP SL to protect your trading account
Long
by KevinNguyen-SimpleTrade
USDJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDUSDJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
usdjpy touching its major supportUsdjpy All jpy pair touching their lows during last fundamental jpy broke its zone of 130 which was acting as a support for one month.Now for this week we can see price movement within a descending channel and very soon price will test again a solid support zone of 126. Where we will see a little bullish move upside but remember for good and healthy trend move price should break this either on both side.. Around 126 zone all support acts like horizontal and and vertical if price hold this support zone after retest we can take entry within a following channel
Long
by forexomni
USDJPY: Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach)
Long
by TradingSutra
7
USDJPY waits necline breakout of inverted H&SUSDJPY has formed a classic inverted head and shoulder pattern on a daily basis. The prices are trading very close to the neckline and we might see a breakout soon. furthermore, the weekly chart has formed a bullish engulfing pattern as well that supports the bullish argument. Like always, the price can take two paths, the first one is highlighted by the blue arrows - neckline breach (sustains on a daily basis) to reach the first target of 110.472. If the prices sustain above this level, it will go for the next 112.00 hurdle. If this happens, we will have 107.00 as the stop loss. The second path is shown by orange arrows with prices first testing the tip of the second shoulder and then taking a breakout from the neckline. Either way, prices are headed for the 112.00 and in both cases, we will enter only when the neckline is breached and sustained.
Long
by forexnoobmaster007
1