The Japanese Yen finds itself in a precarious position, facing the strongest selling pressure in 17 years. Net yen shorts, a measure of bearish bets, have skyrocketed to their highest level since January 2007 . This relentless shorting comes as the Yen precariously approaches a key psychological barrier: 152 Yen per US Dollar. A Perfect Storm for the Yen...
The hedge fund industry's short weakness on the yen is creating a fantastic opportunity for us to long USDJPY! As the Bank of Japan prepares to raise rates, now is the perfect time to capitalize on this trend and potentially make some significant profits. The recent weakness in hedge fund shorts on the yen has created a favorable environment for us to take...
Hello guys! its your girl Forex potatoe, i have been following up on this pair judiciously for months now. Entry just got confirmed, a bearish engulfing candle close on 4H will confirm my sell and i'll enter. Stop loss above the structure and TP and the support(Spot my short position tool). Kindly leave a follow and a boost if you like my ideas, and let me...
The Japanese Yen gains support from anticipated BoJ policy shifts, fostering a safer environment and limiting USD/JPY within lower USD demand. Investor focus on US economic data before FOMC minutes remains crucial. Technically, breaching the 200-day SMA signals a USD/JPY downtrend. Daily chart indicators suggest potential further losses. Any upward movement could...
The Japanese Yen continues to exhibit relative strength amid hawkish expectations from the Bank of Japan (BoJ). Bets on a series of Fed interest rate cuts in 2024 are dampening the USD and weighing on USD/JPY. Bearish speculators are becoming cautious, eagerly awaiting the release of the US Personal Consumption Expenditures (PCE) Index data later this Thursday for...
The USD/JPY pair remains under selling pressure for the fourth consecutive day, reaching its lowest point since October 4 during the Asian trading session on Tuesday. However, the spot price has slightly rebounded in the past few hours and is trading around the 148.00 level. USD/JPY continues to trade near its lowest level in six weeks, extending losses to around...
The USD/JPY pair continues to trade positively for the sixth consecutive day during the early Asian trading hours on Monday. The upward movement is supported by higher US Treasury bond yields and hawkish comments from Federal Reserve Chair Jerome Powell. The pair is currently hovering around the 151.70 mark, marking a 0.10% increase for the day. USD/JPY has...
Analysis: Strong upwards trend (bullish confluence factor) Break and retest of previous area of resistance for support (bullish confluence factor) 50% fib retracement touch (bullish confluence factor) Upwards trendline touch (bullish confluence factor) CHF is the 7th strongest major currency whereas the JPY is the 8th strongest major currency (bullish...
Analysis: Strong upwards trend (bullish confluence factor) 50% fib retracement touch (bullish confluence factor) Upwards trendline touch (bullish confluence factor) EUR strongest major currency (bullish confluence factor) JPY weakest major currency (bullish confluence factor) 40K long position increase for the EUR (bullish confluence factor) 27K short...
Industry nation Japan vs Argentina! Indact the Football Gods like Messi and Maradonna coming from Argentina,but even they cant help to stabilize the economic structures of this country:42% inflation vs 2%inflationary Japan. Yen is the safe haven currency and it seems it is more trustworthy to the investors. STRATEGY Vullish trailing stop position sizing Trend...
Analysis: Recently price has just been heading higher and higher on this pair, and we've been looking to catch this move for a while now but we needed to stay patient and wait for a pullback and that's exactly what we might have now. Price has pulled back to a key level of prior resistance and as we know, resistance often becomes support, so this is starting to...
Hello everyone. The above chart is my weekly analysis for the EURJPY pair. Do note that this is my long term analysis for the next/couple of years to come. This is my personal view. Let me know what you think. Trade with care. God bless you.
Hello everyone, I want share my idea on JPYX. Last 2 month we see JPYX strong and clear down trend which is continue down, We had a little Fake Out of 804.5 LVL but its actually gave ne good low, seller became active again and price came down which brake again support LVL. Here what I am only looking is retest on this FVG (Fair Value Gap) and then I will open...
We have a good trendline and support zone, last week JPY has been very weak and it looks like is gonna continue like this. Lets see what is going to happen.
Hello everyone, I want share my idea about JPYX. JPYX is in strong bear trend but this week it stop moving down and start consolidating, but its still in down trend, its stopped little time, but at the moment its stay on support LVL, which in my opinion its weak for catch price on that LVL. On chart I am showing you the 2 possible scene what possible will...
Analysis: As we can see from price action we're in a clear upwards trend, price is forming higher highs and higher lows which confirms the trend direction. We've seen price break above a previous high and now we're retesting that area for support and we expect that it will hold. At this level we've got the 38.2% fib retracement level which we'd expect buyers to...
Hello traders around the world! I want to talk about CADJPY and what I'm planning on this pair for this week. First of all, If you go back to the weekly chart, you can clearly see that the price reached a mass psychological level since Dec 2014 (106.501). On Monday 18 Apr 2022 the price started to create an ascending channel till Monday 07 Nov 2022 reaching...
The new governor of the Bank of Japan, Kazuo Ueda, is currently in the spotlight as traders attempt to determine how closely he will adhere to his predecessor's ultra-loose monetary policies. Despite inflation in Japan reaching a 40-year high, Japanese interest rates have remained unchanged, causing the yen to weaken considerably over the past year. In his...