USD has been pushing up even though most traders have been going short.
Looks like it's rolling over now
The Dollar Index certainly pushing down
Powell implies rate cuts may not be as soon as people hope.
But we already knew that.
Just market breathing imho
Although USD/JPY is still in an upward trend, the market is currently experiencing a notable correction phase.
Looking at the chart, it's evident that prices are rebounding and undergoing a downward adjustment, resulting in a certain level of volatility. It is expected that prices will test the SMA 20 moving average area before resuming a stronger upward momentum.
USD/JPY traded around the 154.60 level at the start of the European trading session on Wednesday, hovering close to the peak of 154.78. The slight downward adjustment of the US Dollar (USD) has exerted pressure on this currency pair. However, expectations for the Federal Reserve to continue maintaining high interest rates in the future, driven by the robust US...
Hello everyone! this is my current UJ analysis and how I'm approaching tis pair to be traded in the few days and months! DXY just hit a volume imbalance and I'm expecting a pull back, so that means most counter pairs will be short term bullish. Going to target these imbalances for a turtle soup buy and a MSS for a pyramid entry long to the 161 level of UJ. There...
The U.S. Dollar has gained against the Japanese Yen in early North American trading, bolstered by strong U.S. economic data and a range of comments from neutral to hawkish by Federal Reserve officials. The USD/JPY is trading at 154.61, up 0.22% from the open, maintaining its upward trajectory.
USD/JPY buyers might push the exchange rate to challenge the 155.00...
A technical and fundamental outlook.
Fundamentally US economy is looking decently healthy with rising inflation and higher retail sales than expectation. The short way of saying this is they are all making some decent money out there and they are spending it.
Technically, this generated a huge upward momentum breaking through 154 area. This makes the trend mega...
Usdjpy has held 151.750 as a strong resistance level for quite some time, recently it broke through this level and has stayed above it.
It's time to look for good buying opportunities.
USDJPY 1 day chart
For the yen, the move is particularly notable as it pushes into technical blue skies
Eyes are on Japan for signs of intervention but given that the recent move has largely been on broad USD buying following fundamentally stronger CPI numbers, it's a tough one to lean against. There have been signs of a managed decline but no real intervention....
FX:USDJPY does not pay attention to the behavior of the American dollar. The focus is on the Japanese yen. The currency is in a strong sell-off and continues to get cheaper, while a beautiful set-up is forming on the chart.
Rising triangle in the global perspective and in the short term: on D1, on H4 and on H1. A beautiful situation, when the chart lives its...
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
USD JPY PRICE - NO MORE FLY ZONES ITS TIME TAKE A SHORT, wait for the price to down trend lines after break out of this price line 154.440 make a short entry as shown in the picture, follow for more live updates
USD/JPY is experiencing a slight loss, trading around 154.65 in the early hours of Wednesday's trading session in Asia. The robust U.S. economy and challenging inflation data have sparked speculation that the Federal Reserve might postpone the start of its easing cycle to September instead of June, providing a layer of support for the U.S. Dollar.
From a...
At the beginning of Wednesday, the USD/JPY pair continued to hover below 155.00, a clear signal of the strength of the Japanese Yen. This stability is primarily supported by underlying risks of impending intervention from Japan. A slight decline in the US Dollar and US Treasury bond yields is also weighing on this currency pair.
However, chart analysis reveals...
