Hi traders, This USDJPY 4 hr Order block. According to smc concept we can see Buying from this level. if you see 15 min CHoCH is best for entry. Note - Only for education purpose If you like my anaylsis then you should like and follow me.
USD/JPY is trading around the 155.50 level at the start of the European trading session on Thursday, marking the fourth consecutive day of gains. The US dollar is strengthening due to the Federal Reserve's potential interest rate hikes. Furthermore, hawkish comments from the Fed Chair have bolstered the greenback, thereby reinforcing the USD/JPY pair.
Symbol - USDJPY USDJPY is currently trading at 157.700 I'm seeing a trading opportunity on sell side. Shorting USDJPY pair at CMP 157.700 I will be adding more if 158.200 comes & will hold with SL of 158.500 Targets I'm expecting are 154.800 - 151.900 & beyond. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my...
A mixed bag of Japan statistics triggered the USDJPY pair’s fresh run-up early Tuesday. In doing so, the Yen pair justifies mostly downbeat employment and activity data from the Asian major while reversing the previous day’s retreat from the highest level since 1990. Also favoring the upside bias are the bullish MACD signals and the quote’s U-turn from a...
Hello everyone, what are your thoughts on the recent developments in USDJPY? Currently, the USD/JPY pair is showing a significant upward trend due to a substantial interest rate differential between the United States and Japan. With the Federal Reserve setting the Federal Fund Rate at 5.25%-5.50% and the Bank of Japan maintaining near-zero interest rates at...
USDJPY prints a three-day winning streak while rising to a fresh high since 1990 as it justifies the Bank of Japan’s (BoJ) dovish halt. That said, the BoJ kept its benchmark rates unchanged, as expected, but omitted the mention of bond buying operations which were anticipated to suggest the Japanese central bank’s hawkish turn. With this, the Yen pair pokes an...
USDJPY bounces off a one-month low to snap a three-day winning streak early Monday. In doing so, the Yen pair takes a U-turn from the 61.8% Fibonacci ratio of its March-April upside amid a nearly oversold RSI. Given the receding bearish strength of the MACD signals and the quote’s rebound from the key Fibonacci ratio, as well as the RSI (14) line’s recovery from...
The USDJPY currency pair continued its impressive upward streak, breaking the 152,100 resistance and climbing to a new high of 154,900. This upward momentum is reinforced by strong technical indicators, forecasting an optimistic future. Careful analysis using the Fibonacci tool shows that this trend is not just random but can continue to 163,450, our first take...
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...
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.
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.
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,...
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...