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USD/JPY Discussion 7 replies

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USD/JPY Discussion

It has been reported that the Bank of Japan will not raise interest rates next time. The value of the dollar will rise.


https://www.bloomberg.co.jp/news/art...SJKVV8DWX2PS00
Quoting fxmas
It has been reported that the Bank of Japan will not raise interest rates next time. The value of the dollar will rise. https://www.bloomberg.co.jp/news/art...SJKVV8DWX2PS00
If the U.S. dollar doesn’t cut interest rates, it will be . however ,this is bidirectional .
When you look at Chart,there are 10,000 traders do the same time
That is certainly true. However, the interest rate of the US dollar is still higher than that of the Japanese yen, so I think the value of the US dollar will basically win.

Quoting kcal
{quote} If the U.S. dollar doesn’t cut interest rates, it will be . however ,this is bidirectional .
Quoting kcal
{quote} If the U.S. dollar doesn’t cut interest rates, it will be . however ,this is bidirectional .
i truly doubt the fed would make any major move before us presidential election...
however, since the democrat would likely to win, so us interest rate cut will be minimal probably around 1-1.5 percent tops.
until the next presidential us election is over, the market will be volatile, but ranging
so the best time to make money in USD JPY as long you enter at the extreme range.
i just go long on USDJPY ata 142.12 with a hard stoploss if the market breaks 141.50 target short term: 142.60
Quoting fxmas
That is certainly true. However, the interest rate of the US dollar is still higher than that of the Japanese yen, so I think the value of the US dollar will basically win. {quote}
When you want to do something, you will find 10,000 reasons to convince yourself。 Your long speak is from 146 : )
When you look at Chart,there are 10,000 traders do the same time
Quoting BlackLotus
I'm waiting. I see DXY going down to 100.600 & UJ going down to 140.500 before any chance of bouncing back. {image} {image}
Almost there. I'll start buying tomorrow.
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Together we can be strongest
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Anyone holding long? It's gona hit my sl soon.
USDJPY price action on the daily time frame is bearish. Price action has broken down a long-term rising channel (purple) and it is retesting the 140.820 horizontal support which has been in place since December 2023. We cannot rule out further bearish move in the early part of this week, perhaps to retest a value area such as the 138.400 intra-day horizontal support before a significant bullish pushback.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
If I'm right USD/JPY is heading to 135 - 134. So around 800 pips drop from here. We'll see...
Quoting Silver-King
If I'm right USD/JPY is heading to 135 - 134. So around 800 pips drop from here. We'll see...
This is IF the .25 cut is in. I am thinking that possibly the same. But he could actually put in the .50 then we will probably bounce.
When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
{quote} This is IF the .25 cut is in. I am thinking that possibly the same. But he could actually put in the .50 then we will probably bounce.
I would like to see the bounce you speak of since I bought at 140.500. My SL is sitting right below it at 140.300. My TP is at 143.500.
.50 cut, and USD/JPY is rocketing. Surely, it has to drop soon....?!
Quoting SckT
.50 cut, and USD/JPY is rocketing. Surely, it has to drop soon....?!
confusing as hell yeah
Quoting OBsayMkMoney
Then... {image} now... {image} Breaking the daily trendline to me signifies the end of wave 3. I believe we will continue upward from the 151 mark with more sideways action to come throughout the summer. But first we need to break the upward trendline. Patience. September rate change will be what breaks the sideways action. Long target is still 174 in my book, and I will sell long term at that level.


We have yet to hit that 174... or 187. I thought that would be when the fed cut. Looks like he just bounced the dollar. if this is true, this should make things interesting. .50 cut is an emergency number.
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When you feel like you HAVE to trade is when you least should!
Quoting OBsayMkMoney
{quote} We have yet to hit that 174... or 187. I thought that would be when the fed cut. Looks like he just bounced the dollar. This should make things interesting. .50 cut is an emergency number. {image}

coz stark difference of 5% and 0.25% yes? And BoJ said will hold it for right now, make sense
Dollar Futures are back at the bottom. This could come crashing down through the low today or next week. ES500 is shooting up. Unless today's news reverses it I may have to wait another 6 to 8 months for my 170 area.
When you feel like you HAVE to trade is when you least should!
I am new to trading could anyone tell me if this is a valid trade to enter once market opens again after this weekend? I was thinking it would rise and hit previous highs but i am slightly worried it may end up doing the opposite first then go up.
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Quoting Strawhatsuu
I am new to trading could anyone tell me if this is a valid trade to enter once market opens again after this weekend? I was thinking it would rise and hit previous highs but i am slightly worried it may end up doing the opposite first then go up. {image}
judging by the pullback after reaching new high for the week, my prediction would be:
it would go down first to find the first support and then it would go on consolidating, and then it would try to break the high from previous week
so I would be looking to buy USDJPY this week.

But if the price suddenly shoot up and try to touch previous' week high, I would short with a cut loss if the daily close can close above the previous week high...
but overall USD JPY is definitely still in bearish territory, and would probably try to test the cluster of supports around 137.

I am betting that USD JPY would go up first trying to reach 147-149 before continuing its descent towards 137-138
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