USD/JPY Discussion

Hey Traders,

Just wondering wat other people are thinking for the future outlook of usd/jpy. even with the us economy bein sh**ty its stayin consistently bullish for the long term. Im thinking this could pull up to around 109.95 to 111.00 in the next few weeks. Wat do you guys/ladies think about this. any useful info would be appreciated.

-Thanks

Welcome to the forum ProSystem.
There is already a UJ thread here...post there if you dont care
Japan had bad news today thats why we had new highs today.

If we knew that.....

Yes USD/JPY is looking good according to my indicators. It will pull up in next few weeks.

you may wanna take a look @ this chart before

Look at how USD tapped each and every one of my lines! I've lost a little in 15-pip increments as the dealer has continued to swing higher and higher into the user 60-pip zone, but I'm still optimistic about a reversal. Notice the upwards facing pin bars. I've said this before and I'll say it again, the dealer will flash their equity in order to reach into pools of liquidity, be it sell/buy limit orders, or zones of stop loss orders. This sort of behavior also induces panic trading, as retailers see solid green or red candlesticks that, for the moment, appear as the classic textbook 'momentum', forcing their hand into the market (at the worst possible time, in the wrong direction).

I'm excited to see how the oncoming US dealer will work the rest of the trade day. The way I see it, Asia saw a rally away from yesterday's low, after violating the low of the day put in on Friday. As we all know, sell limit and buy stop loss orders are commonly placed there, and it would make sense for a dealer to work the low, activate sell limits, and pull back to hit their stops and release liquidity back into the market. If a correction is coming, they would have already cleared the pressure of breakout sellers and won't have to reward as many traders.

Not only that, but Europe has seen a gradual pumping upwards, against the sentiment of Friday. Momentum to the upside begins to appear as the dealer begins to swing higher and higher, flashing equity to the upside (pin bars). Leading up to the US open, the Europe dealer may have developed a net short position against its longs, as the US dealer corrects price against buyers.

In the 30M timeframe, you can see how the dealer kept working the high. Note the number of pins to the upside as compared to the downside!

For now I don’t see USD/JPY bearish. It may bounce back from the 152.000 level to the 138.000 - 139.000 in the mid term.
But my long term forecast is 100% bullish.
Moreover it applies to other major dollar pairs too. All of them will lose value in the upcoming year.

The top is forming. It only needs an excuse to go down.

i think UJ is still waiting for a long term bullish trend. based on my macro trading analysis, it is gonna take a long term bullish on early april... right?

i see usdjoy going down for a while before it continues it's up trend

No, it's not coming back, just BUY and hang on, today is just to fool you.

Interesting take! While USD/JPY has shown resilience, watch for potential BOJ intervention if JPY weakens further. The 110.00 level could face resistance if risk sentiment shifts. I'm eyeing US yields and Fed/BOJ policy divergence as key drivers. Short-term pullbacks possible, but overall trend still favors USD. What's your stop strategy?