There have been big exciting moves in the Yen recently. This post will look at some scenarios this may lead to. First, let's take a big overview of historic Yen trends. Since I'm going to be discussing this from the perspective of a pending Yen crash to keep things simple for people unused to Forex quotes I'll use inverted versions of the charts. Because to...
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The Japanese Yen ticked lower against the United States Dollar on Wednesday, with USD/JPY getting mighty close to the sort of level that might force authorities in Tokyo to intervene. The Dollar is of course benefitting against most rival currencies from a broad re-pricing of interest rate expectations. The resilience of pricing and economic growth in the world’s...
Hello to all our subscribers. Please share your personal opinions in the comments. We ask for your support through boosters and subscriptions. While the Japanese stock market took a day off, the value of the yen plummeted, causing the dollar-yen exchange rate to surge. However, after the surge, there was another sharp decline, which is speculated to have been...
Friends, in the long-term view, you can see that before we had a very long-term view from 150 to 175 Of course, now the price is at 158.30 and I expect a downward correction First, to the region of 157.30 and then to 156.5, and again to collect energy and move upwards and continue on its way.
Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.7% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive
So far when I read in the MSM, I can say everyone is criticizing what the BOJ and Ueda did on Friday. JPY is free falling with grave consequences. But when I look at the chart, I think what I can see is more like rates going back to normal - in a historical context. I think by next week, the Yen would have finally broken FREE from the lost decades. And I guess...
TP: 160.000 SL: 157.011 In this trading strategy, we present a compelling opportunity for a long position on the USDJPY currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
I think the price recently broke out of the downside range. I expect to continue down, whether it's your retest or the price creates support and then breaks out, or you can use tapering techniques to find a trend pattern
Massive surge in the Yen at resistance and then a follow through drop. The likelihood of a strong reaction in the 160 was discussed in the post below: Question is, what happens now? If that's a true reversal then we're going to see crush and re-crush action in this. Consistently lower lows. Sharp rallies. Crushing new lows. However, if we make a low in...
USDJPY. Will USDJPY get bids from buyers ? As the price is at strong support level and bullish divergence indicating the buyers may attack this zone .
USDJPY looks quite oversold after a test of an intraday horizontal support. After a false violation of the underlined structure, the price started to grow and broke a resistance line of a falling wedge pattern. We may expect a pullback today, at least to 153.7 level ❤️Please, support my work with like, thank you!❤️
In the dynamic world of financial markets, where assets sway in value like dancers on a stage, mastering the art of risk management is essential. Traders, akin to choreographers, must orchestrate a delicate balance between potential gains and potential losses. Among the many tools in their arsenal, the trailing Stop Loss stands out as a dynamic approach that...
Preferred direction: SELL Comment: The dollar is expected to fall even when paired with the Japanese yen . By the way, our previous trading idea worked out perfectly, and the target was fixed at the level of 153.222 . At the moment, another approach to this level is expected, with a high probability of its breakdown downward. The trade is short-term, and...
Weekly Market Wrap With Gary Thomson: FTSE 100, US Dollar, USD/JPY, BTC/USD Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights. London Calling! FTSE 100 Stocks Flying High Once Again; The Dollar Is...
I think this will happen in the next few hours. Today. Based on experience from previous interventions, my opinion is based. If that doesn't happen today, then there really won't be an intervention. BOJ is targeting greater yen weakness. Thank you
The USD/JPY pair witnessed a dramatic intraday turnaround and tumbled over 570 pips from levels beyond the 160.00 mark, or the highest since October 1986 touched earlier this Monday. Although an official announcement has been made so far, the possibility of an intervention by Japanese authorities to support the domestic currency was cited as a key factor behind...
BoJ More Dovish than Expected Friday witnessed a surge in dollar demand versus the beleaguered Japanese yen (JPY). The USD/JPY pairing not only recorded its largest one-day gain this year (+1.7%), but the exchange rate also refreshed multi-decade highs and is swiftly closing in on the ¥160 region, a 1990 peak. Earlier on Friday, Asia Pac trading witnessed the...