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Trading signals and online forecasts USD/JPY

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Forex analysis and forecast for USD/JPY for today, March 13, 2024
USD/JPY, currency, Forex analysis and forecast for USD/JPY for today, March 13, 2024 The dynamics of USD/JPY remains multidirectional. On Wednesday, the pair is approaching the level of 147.60. Yesterday, the instrument showed a noticeable increase caused by data on consumer inflation in the United States, which exceeded market expectations.The core consumer price index increased by 0.4% (mom) in February and reached 3.8% year-on-year, exceeding analysts' expectations of 0.3% and 3.7%, respectively. The base rate also increased from 3.1% to 3.2%. Analysts view this data as a signal for the continuation of the Fed's wait-and-see policy regarding rates this year. Nevertheless, investors still hope for at least three acts of monetary expansion before the end of 2024, if, of course, the price situation remains within the forecasts.On the other hand, the yen is receiving support in anticipation of a possible rejection of the Bank of Japan's policy of negative interest rates. Some analysts suggest that the regulator may take such a step as early as April. The head of the Bank of Japan, Kazuo Ueda, noted that the Japanese economy is showing signs of recovery, but significant recessive risks still exist. Given that household spending is improving moderately amid hopes for wage growth in the future, the Bank of Japan may raise the interest rate by 20 basis points to 0.10%.Data on manufacturing inflation in Japan also supported the yen: the producer price index rose by 0.2% in February, exceeding forecasts of 0.1%, and the index of domestic prices for corporate goods rose from 0.2% to 0.6%, also beating forecasts of 0.5%.According to Daily, the Bollinger band indicator is steadily declining, while the MACD indicator, being in the negative area, shows signs of growth and has already formed a weak buy signal. The Stochastic oscillator has also moved out of the oversold area and continues to grow.In case of a confident breakdown below 147.00, we open sales in the direction of 146.00. We set the stop loss at 147.51.When the pair breaks above 148.00, long positions with a take profit of 148.89 become relevant. In this case, we set the protective stop at ...
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Analytical Forex forecast for NZD/USD, USD/JPY, gold and crude oil for Tuesday, March 12
USD/JPY, currency, NZD/USD, currency, Brent Crude Oil, commodities, WTI Crude Oil, commodities, Gold, mineral, Analytical Forex forecast for NZD/USD, USD/JPY, gold and crude oil for Tuesday, March 12 NZD/USD: the currency pair is waiting for new impulses to moveThe NZD/USD currency pair is showing stability near the 0.6170 level, in anticipation of important economic data that will indicate the future direction of movement. Inflation information for February is expected to be published in the United States today at 14:30 GMT. The core consumer price index is projected to slow slightly from 3.9% to 3.7% on an annual basis and from 0.4% to 0.3% on a monthly basis, while the overall index should remain unchanged at 3.1%.Meanwhile, New Zealand's recent economic indicators do not significantly affect the pair's movement at the moment. February retail sales through e-cards fell by 1.8% after a previous increase of 2.0% (adjusted from 1.7%), although the annual growth rate accelerated from 1.6% to 2.5%. Karen Silk, a representative of the Reserve Bank of New Zealand, stressed the consistency of the regulator's messages to the market during recent meetings on raising the cost of borrowed funds. The annual swap rate experienced a correction of almost 50 basis points during this time, reflecting the reaction of traders to changes in economic activity and subsequent data on inflation and the labor market.Resistance levels: 0.6183, 0.6200, 0.6217, 0.6250.Support levels: 0.6158, 0.6130, 0.6100, 0.6076.USD/JPY: Japan's economic growth exceeded experts' forecastsDuring the Asian session, the USD/JPY pair shows growth, trading at 147.46, correcting after a recent drop to the lowest values since February 2. The yen's position has not improved, even despite the optimistic macroeconomic statistics.In the fourth quarter, Japan's gross domestic product grew by 0.1%, exceeding analysts' expectations of a 0.1% decline. This provided an annual GDP growth of 0.4%, against an expected decrease of 0.4%. The GDP deflator increased by 3.9%, and capital expenditures showed an increase of 2.0%. The price index for corporate goods rose 0.2% in February, strengthening the annual index by 0.6% compared to February last year.However, the yen is being held back by the speech of the head of the Bank of Japan, Kazuo Ueda, who stressed the recovery of the country's economy, despite some signs of deterioration in the situation. Expectations regarding the future monetary policy of the Bank of Japan remain high ahead of the upcoming meeting, where market participants are looking for indications of a possible transition to a stricter policy this month.Resistance levels: 148.30, 150.80.Support levels: 146.40, 144.10.Gold market analysisGold is losing a little in value, moving away from its recent records reached last week, when the price peaked at 2200.00. Currently, trading is taking place around the level of 2178.00, and the market is in anticipation of new signals.Investors' main attention is focused on February inflation data from the United States. The core consumer price index is expected to slow down from 3.9% to 3.7% year-on-year, and decrease from 0.4% to 0.3% on a monthly basis. Such a slowdown may reinforce expectations regarding the start of a review of borrowing rates by the Federal Reserve as early as June, which will potentially enhance the attractiveness of gold as an investment asset. On Thursday, data on industrial inflation and unemployment statistics are also expected to be published at 14:30 GMT. The number of initial applications for unemployment benefits for the week ending March 8 is projected to increase slightly from 217,000 to 218,000.Resistance levels: 2195.12, 2215.00, 2230.00, 2245.00.Support levels: 2164.68, 2150.00, 2134.09, 2120.00.Crude Oil market analysisDuring morning trading in Asia, Brent prices showed fluctuations around $82 per barrel, continuing to recover from the recent drop. The market is closely following the American economic reports, waiting for new data.Amid ongoing geopolitical tensions and concerns about a decline in global oil demand, market sentiment remains mixed. Unresolved conflicts in the Middle East and Eastern Europe are increasing risks in the energy sector.According to analysts, there is a significant discrepancy in the forecasts of the International Energy Agency and OPEC regarding future oil demand, which creates additional uncertainty in the market. According to Reuters, the difference in estimates between the two organizations has reached a record, highlighting the different views on the long-term prospects of the oil market and the transition to alternative energy sources.Resistance levels: 82.00, 82.40, 83.14, 84.00.Support levels: 81.00, 80.00, 79.12, ...
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Analytical Forex forecast for NZD/USD, USD/CHF, USD/JPY and gold on Monday, March 4
USD/CHF, currency, USD/JPY, currency, NZD/USD, currency, Gold, mineral, Analytical Forex forecast for NZD/USD, USD/CHF, USD/JPY and gold on Monday, March 4 NZD/USD: consumer confidence from ANZ exceeded analytical forecastsThe NZD/USD currency pair is showing a slight drop, retreating after Friday's rise, when it managed to move away from the minimum values on February 14, now testing the 0.6100 level for a possible further decline. Traders are being cautious, waiting for new incentives for market movement.The latest economic reports from New Zealand and Australia have attracted the attention of investors. The New Zealand trading Conditions report for the fourth quarter showed an unexpected drop of 7.8%, which is significantly worse than the previous indicator and analysts' forecasts. Data came from Australia on a decrease in inflation to 4.0% per annum in February, confirming the weakening of inflationary pressure.The market is also digesting the latest statistics, including an increase in the New Zealand consumer confidence index from ANZ to 94.5 points and a marked decrease in the number of building permits in the country. Despite some positive changes in services and the agricultural sector, the manufacturing sector continues to experience difficulties. Experts note the increased investment interest in most industries and assume an increase in business costs in the next three years.Resistance levels: 0.6100, 0.6130, 0.6158, 0.6200.Support levels: 0.6076, 0.6049, 0.6030, 0.6000.USD/CHF: movement within the uptrend 0.8890–0.8750Given the stable position of the US dollar and the absence of influential economic reports from Switzerland, the USD/CHF pair continues to move in a corrective trend, being at the level of 0.8833.The latest data from the Swiss Federal Statistical Office on retail sales for January showed a seasonally adjusted growth of 0.3% year-on-year and an increase of 0.7% compared to the previous month. The food and beverage sector is showing growth of 0.3%, while volumes in the non-food segment increased by 1.3%. Investors' attention was also attracted by the business activity index from procure.ch , which tracks the dynamics in the manufacturing sector and is a key indicator for assessing the country's economic climate. This index gained 44.0 points, which contributed to the strengthening of the Swiss franc.Resistance levels: 0.8870, 0.8980.Support levels: 0.8780, 0.8690.USD/JPY: investors' expectations regarding the correction of the monetary policy of the Central Bank of Japan in AprilThe USD/JPY currency pair showed moderate growth, continuing to follow the upward trend set at the end of last week. The currency pair is checking the 150.25 level for the possibility of an upward breakout, while market participants are carefully analyzing the latest economic reports from the United States and Japan. The results from the United States disappointed, showing a decrease in the ISM manufacturing activity index to 47.8 points from the previous 49.1, which was below analysts' expectations. At the same time, data from S&P Global indicated an increase in the index to 52.2 points, exceeding forecasts.Japan presented mixed economic indicators, among which it is worth highlighting the stability of the Jibun Bank manufacturing activity index and the improvement in the consumer confidence index to 39.1 points. There was also a slight decrease in the unemployment rate and the maintenance of a high ratio of vacancies to the number of applicants. The new head of the Bank of Japan, Kazuo Ueda, called for caution in assessing the achievement of the inflation target and stressed the importance of upcoming wage data and negotiations with trade unions for future interest rate decisions. Given that inflation in Japan has been above 2% for more than a year, the market expects the Central Bank to end its policy of ultra-soft conditions by April, possibly raising rates from the current level of -0.10%.Resistance levels: 150.50, 151.00, 151.50, 152.00.Support levels: 150.00, 149.50, 148.89, 148.00.Gold price analysisThe XAU/USD pair is seeing a slight decline, stabilizing near the 2080.00 indicator and retreating from the recently reached peak values for December 4. A significant jump in value was noted last Friday, triggered by the release of US economic reports and an increase in interest in buying physical gold from global central banks.Analysts also highlighted a decrease in consumer confidence in February, which reinforced speculation about the possible introduction of measures to reduce the cost of borrowing by the Federal Reserve in the near future. The consumer confidence index measured by the University of Michigan fell from 79.6 to 76.9 points, which was below analysts' expectations. In parallel, the index of activity in the manufacturing sector, provided by the Institute for Supply Management (ISM), showed a drop from 49.1 to 47.8 points, against the projected 49.5 points. Data on construction spending in January also indicated a 0.2% decrease after a significant 1.1% increase a month earlier, contrary to expectations of a 0.2% increase.On Tuesday, markets will expect the publication of a report on business activity in the service sector from ISM, and on Wednesday, March 6, attention will switch to private sector employment data from ADP, as well as the monthly economic survey of the US Federal Reserve, known as the "Beige Book".Resistance levels: 2088.27, 2100.00, 2120.00, 2134.09.Support levels: 2065.00, 2050.00, 2039.21, ...
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Forex analysis and forecast for USD/JPY for today, February 27, 2024
USD/JPY, currency, Forex analysis and forecast for USD/JPY for today, February 27, 2024 The stabilization of the US dollar exchange rate allows USD/JPY to hold its position at the level of 150.44. The yen failed to strengthen its position, despite positive forecasts for a decrease in the inflation rate.Japanese data on the national consumer price index were published today, which increased by 0.1% in January, excluding seasonal fluctuations. This led to a slowdown in annual growth from 2.3% to 2.0%, while analysts had forecast 1.8%. The basic indicator, excluding food and energy prices, slowed from 3.7% to 3.5%, which is the minimum in March 2022. This may have an impact on the Bank of Japan's decisions on the transition to a tight monetary policy this year. On Thursday, investors' attention will be drawn to the dynamics of retail sales, where growth is expected from 2.1% to 2.3%, and data on industrial production volumes. There may be a strong drop from 1.4% to -7.3% (m,m)..The US dollar is correcting near 103.60 due to a decrease in sales volumes in the real estate market. In January, sales showed 661.0 thousand, which is higher than the previous 651.0 thousand, but lower than the expected 680.0 thousand. This means an increase of 1.5% compared to the previous month, but the indicator itself remains close to the minimum of November last year, when it fell to 590.0 thousand.On the daily chart, the USD/JPY pair continues to move within the local uptrend, forming a wave of growth.USD/JPY Technical Analysis for todayTechnical indicators support a strong buy signal: fast EMAS on the alligator indicator are above the signal line, and the awesome oscillator histogram forms corrective bars in the buy zone.After fixing the price above 151.00, we consider entering long positions with a take profit of 152.00. We will set the stop loss at 149.66.Sales will be advisable after fixing the pair below the support of 149.80. The nearest target is at 147.40. we will place a protective stop at ...
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Articles about financial markets

Dollar falls, losing support from US government bonds
USD/CAD, currency, USD/JPY, currency, NZD/USD, currency, US Dollar Index, index, Dollar falls, losing support from US government bonds The dollar fell against the Canadian dollar and hovered near multi-month lows against European currencies on Tuesday as Treasury bond yields were little moved amid expectations the US Federal Reserve will not raise interest rates in the near future.Dallas Fed President Robert Kaplan reiterated on Monday that he does not expect interest rates to rise until next year, lowering expectations that inflationary pressures could force the Fed to change policy sooner than stated.Read more: Causes of inflation and scientific approaches to their studyThe yield on 10-year US Treasury bonds stood at 1.6454%, continuing a decline from last week's five-week high.The dollar index to a basket of six major currencies was down 0.19% to 89.991 by 09:34. The euro rose 0.25% to $1.2181, close to its lowest level since February 26. At the same time, the pound rose 0.31% to $1.4178. The British currency was supported by the lifting of coronavirus restrictions in the UK.The Canadian dollar rose 0.31% against the US dollar to $1.2029, almost hitting a six-year high, thanks to higher oil prices. "The Aussie rose 0.46% to $0.7799. The New Zealand dollar rose 0.58% to $0.7242.The mainland yuan rose 0.2% to 6.4257. The Japanese yen rose 0.1 per cent paired with the dollar, to 109.08 yen.In the cryptocurrency market, bitcoin rose 3.81% to $45.255 but remained near a three-month low following tweet from Tesla CEO Elon Musk. Etherium rose 7.58% to $3,529.95, recovering from a two-week low hit on Monday.Read more: The history of Federal Reserve (Fed) and its ...
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Forex trading: understanding the forex market
EUR/USD, currency, GBP/USD, currency, USD/JPY, currency, Forex trading: understanding the forex market The foreign exchange market is better known as Forex or FX. Trading in this market has become very popular in recent years. However, this is not the case - Forex trading raises a number of questions. For example: what is the foreign exchange market? Which currency pairs are best to trade? Is currency trading risky? Some of the answers to these questions will be found in this article.What is the Forex market?The foreign exchange market is also called the Forex market or the English foreign exchange market. It is simply a market where currencies are exchanged. According to the Bank for International Settlements (BIS), the foreign exchange market is the largest market in terms of total volume, with up to USD 5 trillion traded daily. It is not a physical place, but rather an electronic network where institutions or individuals trade with each other.The left-hand currency is called the base currency and the right-hand currency is called the quote currency. The second currency indicates the value relative to 1 unit of the base currency. For instance, the formula EUR/USD = 1.4000 implies that EUR/USD trades at 1.4000, i.e., 1 Euro has a value of $1.40. The first currency is always expressed in the second currency. USD/JPY at 110.50 means that one USD is worth JPY 110.50. EUR/USDWhat are the best currency pairs to trade?The best currency pairs to trade effectively depend on your trading style. If you have a short term strategy, for example, if you like to scalp, then the major currency pairs will be most profitable for you because of the low spreads.On the other hand, for a fundamental trader, smaller currency pairs will be of interest based on long-term analysis. The most profitable currency pairs may be those involving the Australian dollar, Japanese yen or Canadian dollar.The best forex currency pairs:EUR/USD: this pair has the lowest spread and is not very volatile.GBP/USD: this pair is interesting in terms of spreads and possible gaps, but it is quite volatile.USD/JPY: this pair has low spreads and offers some interesting possibilities. GBP/USDHow to get started trading currencies online?To start trading currencies online, follow these steps:- Choose a regulated and reputable broker- Choose a broker by the quality of execution of trading instructions- Decide on the trading style that suits you best (scalping, intraday trading, swing trading - you keep your position open for several days)- Determine the appropriate leverage effect in the stock market according to your strategy and experience.- Do not invest more than you can afford to lose.- Choose an intuitive, simple and secure trading platform such as MetaTrader 4.- Try all the above steps on a demo account, before trading live.Read more: Features of intraday trading on the Forex marketGoldIs online currency trading dangerous?Like any financial investment, currency trading online is subject to risks. However, there are different methods to control these risks:- Determine the price of the currency pair at which you want to close a position if developments are unfavourable (for example, if you buy and the price falls, or if you sell and the price rises),- Determine the size of the trade so that your potential loss should not exceed 2-3% of your capital per trade,- Estimate your risk/return ratio (loss/profit) before you open the trade. By default you should have a greater potential for profit than loss, e.g. risk 50 pips, but try to make a profit of e.g. 100 pips.For proper money management and risk reduction it is advisable to start trading on a demo account and try things out on the dirt first. Such an account will allow you to trade in real market conditions, but with fictitious capital, so that you have a complete understanding of the foreign exchange market without any risk.Read more: Forex broker: how to choose a good ...
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