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USD/JPY_TODTOM - SWAP USD/JPY

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USD/JPY Braces for a Major Turnaround from the FedUSD/JPY is in a tense phase as it trades at 142.48, close to the key descending resistance line. After failing to break through the 143.569 resistance level, the pair is sliding down, like a car rolling downhill, aiming for 141.269. But is this the final stop? If USD/JPY cannot hold at 141.269, we might witness a further drop, potentially sliding down to the deeper support level at 139.786. With the market heating up ahead of the Fed meeting, uncertainty is on the rise. Traders are holding their breath — will the upcoming Fed meeting provide a push to lift this pair, or will it intensify the downward trend? Get ready for some potential market "shocks"!
Short
by Romio_pro
BOJ keeps rates unchanged, will USD/JPY rise or fall? Hello everyone, I’m Alisa. Today, I will share some insights about USD/JPY. After a two-day policy meeting concluded today, the Bank of Japan (BOJ) maintained its key interest rate at 0.25%, leading to little movement in USD/JPY prices. Looking at the chart, the EMA line remains stable with no signs of reversal. Therefore, USD/JPY is expected to maintain its trend. If resistance at 143.820 holds, the pair may drop to 141.818 or potentially 139.323. If my prediction holds, sellers will benefit. What do you think? Do you agree with Alisa?
by Alisa_Rokosz
USD YEN (A Key Factor Now Globally)Date 20.09.2024 Carry trade is a trading strategy that involves borrowing money at a low-interest cost and investing the same in other assets that provide higher returns. Carry trade is popular among forex trades wherein an investor borrows from a country with low interest rates and a weaker currency, and reinvests the money in another country for higher returns. The Japanese Yen appreciation against the US dollar, investors will have to rush and unwind their carry trade in order to cut losses. This could be one of the reasons for the fall in the US equity market going ahead. According to NSDL, Japanese foreign portfolio investors hold equities worth Rs 2.05 trillion. A stronger Yen would prompt some selling by these sets of investors. USD YEN below 140 is red signal indeed ! Regards, Ankur
by AnkurSingh
USDJPY: Sellers remain in driver’s seat despite BoJ’s status quoEarly Friday, USDJPY reverses the previous day’s run-up to the highest level in a fortnight as the Bank of Japan (BoJ) leaves monetary policy unchanged, as expected. Oscillators, technical hurdles push back buyers within falling wedge USDJPY recently reversed from a six-week resistance level, and the RSI is pulling back while the MACD shows signs of a bearish crossover, which keeps sellers optimistic. Additionally, the price remains below the 200-Exponential Moving Average, making it harder for Yen buyers. However, a bullish falling wedge pattern that has formed since early August could encourage buyers. Technical levels to watch The USDJPY pair's drop from a key resistance level, along with weak indicators, suggests sellers will target below 142.00. Key levels to watch are the psychological mark at 140.00 and the monthly low around 139.55. If buyers can’t hold above the falling wedge's bottom near 139.30, the price could drop to the mid-2023 low around 137.20. On the flip side, the 1.5-month-old horizontal resistance area near 143.70-144.00 appears a tough nut to crack for the USDJPY bulls. Following that, the quote’s quick jump toward the stated bullish wedge’s top line around 145.00 can’t be ruled out. If the price stays above 145.00, it could aim for 156.00, but breaking the 200-EMA at 145.30 is essential for that rally. What next? Given the monetary policy divergence between the US Federal Reserve (Fed) and the Bank of Japan (BoJ), as well as the quote’s sustained trading below the key resistances, the USDJPY sellers are likely to have some more days to cheer.
by MTradingGlobal
USD/JPY Inverse Head and Shoulders Pattern: A Bullish Reversal The inverse head and shoulders (also known as the “head and shoulders bottom” or “reverse head and shoulders”) is a powerful chart pattern used in technical analysis. Here’s what you need to know: Formation: The inverse head and shoulders pattern forms at the end of a downtrend. It consists of three successive troughs: The first trough (the left shoulder) occurs after a downtrend, followed by a rally to a higher point. The second trough (the head) is deeper than the left shoulder, signaling increased selling pressure. The third trough (the right shoulder) occurs but doesn’t drop as low as the head. These troughs create a pattern that resembles an inverted human head with shoulders. Neckline: A trendline connects the high points (or “peaks”) formed after the right shoulder and the head. This trendline serves as a level of resistance that the price must break through to confirm the pattern. Psychology Behind the Pattern: The inverse head and shoulders pattern reflects changing sentiment among traders and investors: Left Shoulder: Pessimism dominates as the price makes a low and then rallies slightly. Head: Selling pressure intensifies, resulting in a
Long
by Faizgazi
USD/JPY Under Pressure, Facing Risk of CorrectionUSD/JPY is facing strong downward pressure, hovering around 141.56, with a downward trendline and key resistance at 142.541. The EMA 34 (141.56) and EMA 89 (142.97) are reinforcing the short-term bearish trend. If the price fails to break through this resistance, USD/JPY is likely to correct towards the support area and potentially drop further to 138.37. In terms of news, USD/JPY earlier dropped to 141.00 during the Asian session as the BoJ forecasted a rate hike, contrasting with the Fed's expected easing. This policy divergence places the pair at risk ahead of the Fed event.
Short
by Romio_pro
USD/JPY Under Bearish Pressure, Awaiting Fed DataDuring Tuesday's Asian session, USD/JPY is hovering near the 140.50 level, with key support at 139.570. If the price holds above this level, it could see a recovery towards the resistance at 141.007. EMA 34 and EMA 89 indicators are reinforcing the bearish pressure, positioned at 141.592 and 143.189, respectively. If USD/JPY breaks above the resistance at 141.007, the next target could be 142.896. The RSI is currently at 39.74, indicating that selling pressure remains dominant.
Long
by Romio_pro
USDJPY Support and resistance Current Price: Around 114.50-115.50 (subject to market fluctuations) Resistance Levels: 116.00, 117.50, 119.00 Support Levels: 113.00, 112.00, 110.50 Trend Lines: The pair has been trending downwards since the peak in October 2021, with a short-term trend line around 117.00 Fibonacci Levels: 23.6% retracement of the 2021-2022 decline is around 112.50, while the 38.2% level is around 114.80 Pivot Points: Daily pivot points: S1-114.10, R1-115.80, R2-117.20
Long
by EmpireCrown
USD/JPY Falls Below 141.00 Due to Fed-BoJ Policy DivergenceUSDJPY is in a downtrend, trading around 140.908 after breaking the support level at 140.500. The EMA 34 and 89 lines indicate that selling pressure remains dominant. If the price rebounds from this support, the short-term target will be 142.307. Otherwise, if the support breaks, the price may drop to 139.175. Regarding news: USD/JPY continued to weaken below 141.00 in Friday's Asian session, driven by the policy divergence between the Fed and BoJ, which supported the Yen. Attention now shifts to U.S. sentiment data.
Short
by Romio_pro
USDJPY Faces a Downtrend with Target at 135.492The USDJPY chart is showing a strong downtrend after reaching a peak in July. Currently, the price is trading around 142.67 with a clear descending wedge pattern forming. Strong resistance lies at 147.537, while the projected downside target is 135.492. The EMA 34 and EMA 89 both indicate a downward trend, confirming selling pressure. In terms of news, U.S. economic factors, especially the CPI report, are having a significant impact on the USD. If inflation decreases, the USD may weaken, allowing USDJPY to continue its downtrend toward lower levels.
Short
by Romio_pro
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USDJPY Ranging 142-144 Ahead of U.S. CPIOn the 3-hour timeframe of the USDJPY pair, the price is moving within a range between the support level of 142 and the resistance level near 144. Closest support: 142. This is a key support level, and if it breaks, a sharp decline to lower levels could follow. Key resistance: 144. If the price surpasses this level, a short-term bullish trend may be triggered. Traders can sell when the price touches the 143 resistance or breaks the 142 support, targeting the lower support levels of 142.500 and 141.800. Investors are awaiting tomorrow's U.S. CPI report. A higher-than-expected CPI could boost the USD, aiding USDJPY recovery, while a lower CPI would pressure the USD, causing further declines in USDJPY.
Short
by Romio_pro
USDJPY Tests 143 USD Resistance, Sell Opportunity AheadThe market is influenced by the monetary policies of the Bank of Japan and the Fed, along with U.S. interest rate updates and global economic conditions, continuing to cause volatility for this currency pair. On the 4-hour USDJPY chart, the price is trending downwards, moving below both the EMA and SMA 20, signaling strong selling pressure. The resistance near 143 USD has been tested several times but remains unbroken, indicating strong selling forces at this level. If the price fails to break the 143 USD resistance, USDJPY is likely to continue its downward movement, heading toward the 140 USD level. This could present a potential selling opportunity if the downtrend persists.
Short
by Romio_pro
USDJPY: "Death Cross" makes sellers optimisticUSDJPY ends a four-day decline and rebounds from its lowest point in a month as traders start the US inflation week with mixed feelings, especially after a disappointing employment report on Friday. Sellers are in control Despite the brief pause to recover from an ascending support line from late December 2023, the "Death Cross" on the moving averages and a possible bearish cross on the MACD suggest that sellers remain dominant. Technical levels to watch Given that the RSI is nearly oversold and the market is adjusting its previous movements, USDJPY might continue its recent recovery towards a resistance zone from a month ago, around 143.45-60. After that, a downward-sloping resistance line from early August, near 146.60, will challenge buyers before they can take full control. If they succeed, the 50% Fibonacci retracement level from July 2023 to 2024, around 149.60, and the 200-SMA level at 151.05 could attract more buying interest. On the other hand, sellers might look for a daily close below a long-term rising support line, around 141.90. They should also watch for the late 2023 low around 140.25 and the 140.00 level, which could provide additional support before aiming for the mid-2023 low of 137.25. What next? The USDJPY pair might see a rebound as the market consolidates before the important US inflation data is released on Thursday. However, the bearish trend will continue unless the price stays below the 200-SMA.
by MTradingGlobal
USDJPY Deepens Decline: Support at 144.500, Target 143.000On the 3-hour chart, USDJPY is declining, approaching a key support level at 144.500, a level that has been tested and may react in the short term. If the price tests this support and doesn't recover strongly, it is likely to continue its downtrend with the next target at 143.000. The 89 and 34 EMAs act as resistance levels at 145.776 and 145.718, reinforcing the downward trend. RSI at 42.88, near the oversold zone, indicates the price may drop further before a slight upward correction. Investors may consider selling if the price breaks the 144.500 support, with a short-term target at 143.000. Regarding news: Inflation data from Japan and the U.S. will impact USDJPY. If Japan's inflation remains low, the Yen could weaken further.
Short
by Romio_pro
USD/JPY Rises Strongly with EMA Support and BoJ PolicyThe USD/JPY pair is currently trading around 146.716, with an upward trend supported by the trendline. The chart shows that the EMA 34 is supporting the price, while the EMA 89 provides a support zone around 146. The EMA 34 crossing above the EMA 89 signals a short-term uptrend. The RSI is at 68.04, indicating that USD/JPY is nearing overbought territory. This could lead to a short-term correction as the price approaches the resistance zone. If the price breaks through the 147.300 resistance level, the upward trend could continue strongly, with the next target possibly at 148.286 or higher. As for news: The Bank of Japan (BoJ) continues to maintain its loose monetary policy, creating a significant interest rate differential between the USD and JPY, driving this currency pair higher.
Long
by Romio_pro
USDJPY: Bears flex muscles within five-week-old triangleThe USDJPY currency pair has fallen for the first time in five days after hitting a resistance level on a one-month-old chart pattern. This drop reflects a shift to safer investments as traders await important economic data and deal with the return of full trading activity after a long weekend in the US and Canada. Buyers losing ground Along with the change in market sentiment, a few technical indicators suggest the USDJPY might keep falling. The Relative Strength Index (RSI) is moving out of the overbought zone, and the MACD is showing less bullish momentum. However, sellers need to see the price drop below 144.20 to gain control. Technical levels to watch The important support level is 144.20. If the price falls below this, it might continue to drop. The 100-day simple moving average (SMA) at 146.10 is another key level that limits immediate losses. Additional support levels are 144.00 and the August low of around 143.40. If the price drops further, it could target the seven-month low of 141.70 and the psychological level of 140.00. On the contrary, an upside break of the stated triangle’s top line, currently around 147.30, isn’t an open invitation to the USDJPY buyers as the 200-SMA hurdle of 148.80 acts as an extra upside filter. Also challenging the Yen pair buyers is mid-August swing high near 149.40 and the 150.00 round figure. What next? The USDJPY is likely to continue falling and might hit new lows for the year. However, the sellers need confirmation from upcoming US economic data and a break below the key support level of 144.20.
by MTradingGlobal
USD/JPY: Bearish Pressure Below 147.000 USD ResistanceThe H4 chart of USD/JPY shows the pair trading under a descending trendline with consecutively lower highs. The 34-day EMA currently sits at 145.707 USD, near the lower support level, serving as strong support if the price continues to decline. The MACD indicator shows divergence between the MACD line and the signal line, indicating weakening bullish momentum, reinforcing the likelihood of a price correction. Traders might consider selling if the price tests the resistance around 147.000 USD but fails to break through. A take-profit could be set near the 145.000 USD support with a stop-loss slightly above the previous high to minimize risk. On the news front: U.S. economic data, especially the upcoming Nonfarm Payrolls report, will significantly impact USD/JPY. Positive data could strengthen the USD, supporting the pair's bullish trend.
Short
by Romio_pro