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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 trading strategy in the last days of the yearJapan's Finance Minister: Appropriate Actions to Be Taken for Excessive Exchange Rate Volatility The Minister declined to comment on the likelihood of achieving the basic budget surplus target in the next fiscal year. Recently, he expressed concerns about strong and unilateral exchange rate fluctuations. Stability in exchange rates is crucial, reflecting the actual economic conditions. He highlighted particular concern over exchange rate fluctuations driven by speculative activities. Japan will take appropriate actions if exchange rates exhibit excessive or abnormal volatility. These remarks indicate a stronger verbal intervention. The USD/JPY rate has retraced to lower levels during trading sessions. The Bank of Japan (BoJ) decided to maintain its policy rate at 0.25% during the meeting held on December 18–19. However, the possibility of a rate hike cannot be ruled out if the yen weakens significantly, with the USD/JPY currently hovering below 154. The meeting also announced a comprehensive review of the BoJ's past monetary policies, aiming to assess both the strengths and weaknesses of its ultra-loose monetary policy. Additionally, the BoJ may outline plans to gradually reduce its ETF holdings starting in 2026. Asian Market Update: USD/JPY Drops to 157.50 The USD/JPY pair touched 158.09 earlier today, marking its highest level since mid-July 2024. However, it has since dropped to 157.50 following Tokyo's December inflation data, which accelerated for the second consecutive month. At the same time, the Japanese government announced cuts in utility subsidies. In China, industrial profits continued to decline for the fourth consecutive month, with a 7.3% drop in November—less severe than the 10% drop in October. On a year-to-date basis through November, profits fell 4.7%, reflecting persistent challenges in the country's industrial sector. Trade Recommendations Buy: 157.300 - 157.100 Stop Loss (SL): 154.800 Sell: 159.100 - 159.300 Stop Loss (SL): 159.600 For now, USD/JPY is expected to complete a minor corrective downward structure before resuming its strong upward trend. Traders should take note of quick profit-taking on sell positions and look for buy opportunities near support levels. The USD (DXY) remains robust and is anticipated to continue its strong upward trajectory into next year.
Long
by KevinNguyen-SimpleTrade
USDJPY May 27, 2024 Has the price started to rise?Looking at the H1 chart we see that the price is in wave 4 - Wave 4 target at price range 156.55 - Then the price continues wave 5 with wave targets at 157.4 and 157.83 We watch to buy at 156.55 after the candlestick reversal signal appears Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Long
by DEEKOP
USDJPY week 3, May 2024 Can the uptrend last long?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. With the BOJ's intervention becoming increasingly clear, people are expecting the BOJ to increase interest rates 3 times this year and will begin the first increase in June. We use the Elliot principle to analyze the USDJPY chart We see both the big wave level in purple and the small wave level in blue, meaning the price is completing wave 5. Deekop measured the expected goal of completing wave 5 in two price ranges, the price range 159.2 and the price range 164.3. At these price zones, there may be a reversal zone, then the USDJPY price will enter the ABC correction wave. This is my plan for next week, the order entry area will be updated daily based on market fluctuations next week. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
by DEEKOP
USD JPY Pullback expected !!!The price has cleared 151 lvl and halting near the resistance 151.950 or 152 as rd fig this resistance is monthly high expected the price to go sideways and make a build up before making the breakout also as decided in the post of DXY, similarly here some fair value area are let behind after strong one side up move 149.700 to 149.550 there is good fvg to trade on thereafter 148.300 148.900 which is little less probable to see upto next week (only there is no breakout above 152 level)
by Jimmy_Rebello
USD/JPY the two ways to trade (long and short) logic1. for pullback trader or people on short side will trade based on lower low and lower high formation but price movement on down side is bit slow and steady if price reacts on 2nd poi but, does not break the recent (internal lower low) of 141.500 and makes higher low this make the short trade very choppy mind exhaustion 2. for long side trader price might defend the low of 141.500 well and breaks above the both POI wait for the retracement or let the price complete the chart pattern of CUP AND HANDLE (well the chart pattern is just a assumption do not trade before the completion) My Today's Learning candle CLOSE & pattern COMPELETION is the key
by Jimmy_Rebello
USD/JPY Trade Setup1. Trade pullback ? >>> let price get back to POI for entry with sl above POI (offers good R:R) >>> follow the lower high lower lows pattern >>> exit on price switching to higher low 2. Conservative Trade ? >>> wait for the price to get a DISCOUNTED ZONE (fib 0.5 from recent swing low to high) >>> long on swing making higher low and higher high (avoid entering direct on 0.5 without confluence) (previous trade got out with small SL, then we saw a parabolic upside this is why sl is important)
by Jimmy_Rebello
USDJPY TRADING SETUPUSDJPY is trading at supply zone at all important time frames which is High Resistance Level. At 4hr and 1D Double top pattern has been formed which is extremely bearish in nature. A range has been formed in 1HR time frame. Looking for breakdown of that range that I have marked in Rectangle. As range breaks, with confirmation of volume and candle, I will enter the trade with stop loss at Resistance i.e high of Rectangle. With breaks upside then wait for price action to form. No buy trade in USDJPY. ENTRY=138.33 TARGET=136.34 SL=138.90 COMMENT BELOW YOUR IDEA GIVE A LIKE IF YOU AGREE WITH MY SETUP
Short
by SardarGMarkerTrader