Daily Pivots: (S1) 152.09; (P) 152.66; (R1) 153.73; More… Intraday bias in USD/JPY remains on the upside at this point. 61.8% projection of 140.25 to 150.87 from 146.47 at 153.03 is already met but there is not sign of topping yet. Sustained break there will target 156.20 projection level next.
USD/JPY rose to 154.50 during the Asian session on Thursday, from a previous low of 154.00, as the US dollar rebounded from a recent decline and concerns about Japan will likely intervene in the foreign exchange market. The return to growth in risk appetite is supporting the recovery of this currency pair.
The USD/JPY pair recovered intraday losses and rebounds to 154.40 in Thursday’s European session. The asset finds buying interest as investors digest fears of potential Japan’s intervention in the FX domain to support the Japanese Yen from further declining.
USDJPY edges higher past 154.00 while making rounds to the 34-year top marked the previous day, mildly bid within a four-month-old rising trend channel early Tuesday. In doing so, Yen pair buyers take a breather at the multi-year high as the overbought RSI (14) line joins sluggish market conditions. It’s worth noting, however, that the bullish MACD signals and the...
The USD/JPY has surged to its highest level in decades, reaching 154.00 during European trading on Monday. The Japanese Yen continues to weaken amid uncertainty about future interest rate hikes by the Bank of Japan (BoJ). However, concerns about potential interventions and geopolitical tensions could impact the Yen, a traditional safe haven asset. On the...
The Japanese Yen has depreciated against the US Dollar this Wednesday, as the US released inflation data that was higher than expected. This development has pushed back the Fed's interest rate cut talks from June to September. Furthermore, upon reviewing the latest FOMC minutes, it appears that US officials are wary of the inflationary pressures that are looming,...
What are people's thoughts on the USDJPY breaking through the 152.00 resistance level? This currency pair has been hovering just below this resistance level for quite some time now, seemingly trapped in an endless sideways movement. But just because it hasn't broken out yet doesn't mean it won't. We may just need a little more time for the market to make a...
USD is fundamentally bullish given strong NFP (<250k), JPY is bearish given the recent IR Hike. No fundamental divergence to be seen. Possible MTR observed on the 4H. Entry on a pullback to the Daily Key Price Area, SL before the lowest swing of the pullback.
The Japanese Yen (JPY) is currently struggling to capitalize on any gains against the US Dollar, remaining near multi-decade lows. The Bank of Japan (BoJ) is not in a hurry to normalize monetary policy, while the US Federal Reserve (Fed) is forecast to keep interest rates higher for a long time due to persistent inflation. This reduces the appeal of the Japanese...
USD/JPY is experiencing a slight decline, trading around 154.65 in the early hours of Wednesday's Asian trading session. The strong US economy and inflationary challenges have sparked speculation that the Federal Reserve may postpone the start of its tapering cycle to September instead of June, providing support for the US dollar. From a technical perspective,...
Reason For SELL 1.Trible Top Formed Side Wise Markert 2.Three White Soliders Formed Sell 3. Entry @151.900 to 151.800 4. Sl @152.200 5.Tp1 @151.500 6.Tp2 @151.200 7.Tp3 @ 150.500
USDJPY picks up bids within a fortnight-old trading range while defending the previous day’s rebound from a 150.80-90 support confluence, comprising the 21-day Exponential Moving Average (EMA) and multiple levels marked in the last two months. The Yen pair’s recovery also justifies the upbeat RSI (14) line and inspires buyers to poke an upward-sloping resistance...
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Hello dear friends, let's explore USDJPY together! Regarding the impact of news: The US dollar (USD), up until now, is struggling to gain any meaningful traction amid speculations that the Federal Reserve (Fed) will begin an interest rate cut cycle in June, supported by US Personal Consumption Expenditures (PCE). The index on Friday. This may contribute to...
Hello dear friends! Today, USDJPY continued a series of lackluster trading days, with prices stagnant compared to last week, fluctuating around the 151,300 mark due to lack of momentum and dependence on market news. Short-term expectations suggest stable volatility within a range, with little intraday volatility expected as EMA indicators remain inconclusive....
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...
USDJPY registered the first weekly loss in three amid mixed concerns about the Bank of Japan’s (BoJ) next move, especially when the policymakers hesitated to stick to the hawkish plan after the first rate hike in 17 years. However, the broad US Dollar strength and an upbeat performance of the yields put a floor under the prices. Apart from the mixed fundamentals,...