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Trading signals and online forecasts USD/JPY

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General analysis and forecast of USD/JPY for today, May 16, 2022
USD/JPY, currency, General analysis and forecast of USD/JPY for today, May 16, 2022 With the opening of trading, the pair sank slightly, but the "bears" do not give up hope to gain a foothold below the level of 129.00. The statistics published on Friday exerted pressure on the dollar, as well as long positions on USD covered by investors due to fears of a decrease in the yield of treasuries.At the same time, the yen is supported by Japan's manufacturing inflation data. In April, the producer price index accelerated from 0.8% to 1.2%. The index of domestic prices for corporate goods has increased.Last week, the United States and Japan agreed to strengthen cooperation in semiconductor research and development. It is expected that at the meeting of the parties scheduled for May 23, the partnership agreement will be officially signed. This will allow Japan to reduce its dependence on South Korean and Taiwanese suppliers. The United States and Japan also intend to cooperate closely in the military sphere, cyberspace and outer space. Tokyo plans to increase the military budget to 2% of GDP.Technical analysis USD/JPYThe CCI indicator and the Bollinger Bands are rearranged in the neutral direction. The MACD indicator is declining in the positive area, maintaining a steady sell signal. Stochastic declined, but before reaching the level of 20%, it went flat.Technical indicators do not give unambiguous signals.When the resistance breaks 129.39, we open long positions with a target mark of 131.00. We place a stop loss at 128.62.A breakdown of support 128.62 will indicate the return of "bears" to the market, whose goal is 127.50. Stop loss is set at ...
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USDJPY - Technical analysis of the USD/JPY currency pair on May 13
USD/JPY, currency, USDJPY - Technical analysis of the USD/JPY currency pair on May 13 During the Asian trading session on Friday, the USD/JPY currency pair is trading in different directions with a slight decrease in quotations, remaining within the current support level at 128.06 and the resistance level around 130.26.Moving averages with a period of 21 and 55 days turned down and formed a sell signal - EMA21 crossed EMA55 from top to bottom and now increase the divergence, promising a continuation of the downtrend. The four-hour chart progresses below exponential moving averages, which confirms the trend change in this market to a downward one in the short term.The technical picture also speaks in favor of sellers, since the MACD histogram is developing in the area below its central line, and the strength indicator of the current RSI movement has fallen below the 40 line, demonstrating bearish potential in this market in the short term.Thus, we intend to continue selling this trading instrument ...
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USDJPY - Technical analysis of the USD/JPY currency pair on May 11
USD/JPY, currency, USDJPY - Technical analysis of the USD/JPY currency pair on May 11 During the Asian trading session on Wednesday, the USD/JPY currency pair is trading with an increase in quotations, remaining within the current support level at 129.81 and the resistance level around the mark of 130.99.The moving averages with a period of 21 and 55 days are moving up, but they have slowed down and reduced the discrepancy. The four-hour chart progresses slightly above the exponential moving averages, which confirms the remaining uptrend in this market in the short term.The technical picture speaks in favor of sellers, as the MACD histogram returned to the area below its central line, and the strength indicator of the current RSI movement dropped to the 40 line, demonstrating bearish potential in this market in the short term.Thus, we intend to sell this trading instrument today if the market passes the support ...
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The US Dollar has gone back 20 years
EUR/USD, currency, USD/JPY, currency, US Dollar Index, index, The US Dollar has gone back 20 years During trading on May 9, the US dollar in the euro pair EUR/USD rose from 1.055, which was traded last Friday, to 1.051, and the greenback rate against the Japanese yen rose from 130.5 to 131.1. Thus, the US currency index DXY updated the levels of December 2002, when it last broke through the 104 point mark. This Monday's session on the main stock exchanges is in the red. Southeast Asian markets lost more than 1%. The correction continued on the premarket in the United States, the sites of the Old World are also under the influence of "bearish" sentiments, as a result of which interest in protective assets, in particular the US dollar, is ...
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USDJPY - Technical analysis of the USD/JPY currency pair on May 9
USD/JPY, currency, USDJPY - Technical analysis of the USD/JPY currency pair on May 9 During the Asian trading session on Monday, the USD/JPY currency pair is trading with an increase in quotations, remaining within the current support level at 130.07 and the resistance level around 131.22.Moving averages with a period of 21 and 55 days are moving up, gradually increasing the discrepancy. The four-hour chart progresses above exponential moving averages, which confirms the development of an uptrend in this market in the short term.The technical picture also speaks in favor of buyers, as the MACD histogram returned to the area above its central line, and the strength indicator of the current RSI movement rose to the 70 line, demonstrating bullish potential in this market in the short term.Thus, we intend to buy this trading instrument ...
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USDJPY - Technical analysis of the USD/JPY currency pair on May 5
USD/JPY, currency, USDJPY - Technical analysis of the USD/JPY currency pair on May 5 During the Asian trading session on Thursday, the USD/JPY currency pair is trading with a decrease in quotations, remaining within the current support level at 128.63 and the resistance level around 130.26.Moving averages with a period of 21 and 55 days turn downwards, reducing the discrepancy. The four-hour chart progresses slightly below the exponential moving averages, demonstrating the emergence of a downtrend in this market in the short term.The technical picture also speaks in favor of sellers, since the MACD histogram has dropped to the area significantly below its central line, and the strength indicator of the current RSI movement has dropped to the 40 line, confirming the bearish potential in this market in the short term.Thus, we intend to continue selling this trading instrument ...
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USD/JPY - Technical analysis of the USD/JPY currency pair on April 29
USD/JPY, currency, USD/JPY - Technical analysis of the USD/JPY currency pair on April 29 During the Asian trading session on Friday, the USD/JPY currency pair is trading with a slight decrease in quotations, remaining within the current support level at 127.86 and the resistance level around the mark of 130.94.Moving averages with a period of 21 and 55 days continue to move up, maintaining the divergence. The four-hour chart progresses above exponential moving averages, demonstrating the continuation of the uptrend in this market in the short term.The technical picture also speaks in favor of buyers, since the MACD histogram has returned to the area above its central line, and since the strength indicator of the current RSI movement remains near the 70 line, leaving the possibility of continuing the bullish potential of this market in the short term.Thus, we intend to continue buying this trading instrument ...
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USD/JPY - Technical analysis of the USD/JPY currency pair on April 25
USD/JPY, currency, USD/JPY - Technical analysis of the USD/JPY currency pair on April 25 During the Asian trading session on Monday, the USD/JPY currency pair is trading with a slight decrease in quotations, remaining within the current support level at 127.69 and the resistance level around 128.96.Moving averages with a period of 21 and 55 days continue to move up, confidently maintaining the divergence. The four-hour chart progresses above exponential moving averages, demonstrating the continuation of the uptrend in this market in the short term.At the same time, the technical picture shows a slight loss of potential by buyers, since the MACD histogram has fallen below its central line, and since the strength indicator of the current RSI movement still remains near the 60 line, there remains the possibility of preserving the bullish potential of this market in the short term.Thus, we intend to continue buying this trading instrument ...
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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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USD/JPY: chart, forecast for today, currency pair overview
USD/JPY, currency, USD/JPY: chart, forecast for today, currency pair overview The USD/JPY currency quote (US dollar vs Japanese yen) is in second place in terms of turnover after the USD/EUR pair, which is the favorite in terms of liquidity.One of the reasons is the very low cost of the lot, which is approximately equal to $1,200.USD JPY forecast (online) for todayForecasts for USD/JPY have 4 timeframes and different signal strength. It is better to pay attention only to the strongest forecast - Actively buy or Actively sell. The repetition of this signal on all timeframes can also be considered a strong value.Forecasts for USD JPY are based on 20 indicators. Considering the pair from the point of view of technical analysis, mathematical indicators based on the contact of moving averages have a good result. These systems function perfectly on the trend markets, which corresponds to the nature of the movements of the Japanese national currency. Fast and slow stochastics often give false signals, but their derivative indicators - oscillators - show good and clean entry points.General characteristics of USDJPYFOREX, as a platform that accumulates most currency pairs, is an excellent opportunity to start working with USD/JPY.In the global economy, Japanese assets, including the national currency, play the role of a kind of safe haven. At times when panic and despair come to the stock exchange, this immediately affects the price. The dollar is declining relative to the banknotes of the "land of the rising sun" under the pressure of increasing demand among traders.The volatility of the USD JPY pair is known to every experienced player in the FOREX market. Lightning-fast and unpredictable waves of growth and fall constantly happen to this pair. Such movements allow you to take a good profit for a short period of time. It is extremely problematic to predict prices for USD/JPY in the relatively long term. Nevertheless, it is also not accepted to talk about some kind of increased volatility in relation to USD/JPY.Read more: GBP/USD exchange rate (Online Chart), forecast for todayWhat USD JPY quotes depend on and what influences the exchange rateJapan's industry is focused on the export of goods. That is why the main financial institutions in the country are doing their best to counteract the "strong" yen.A cheap national currency is the key to the profit of exporters, who, in turn, pay taxes to the state budget.If there are situations when the yen is strengthening too much, Japan resorts to currency intervention measures, synthetically inflating the price of USD/JPY. For the same purposes, the Central Bank of Japan keeps interest rates prohibitively low, not exceeding one tenth of a percent (0.1%).Actively trading on this pair, you should not stop only on technical analysis. It is necessary to be aware of the main news concerning finance, politics, along with macroeconomics. There is a pattern of USD/JPY movement with political events in the USA and Japan. The reaction from the US dollar is formed due to factors such as:Increase in the Fed's lending rate.Changing the economic balance of power in the United States.Downgrade of the credit rating of the United States.Read more: What is the US Dollar Index DXY and how to trade it?How best to trade USD/JPYOn time frames of 4 hours or more, the chart of the USD/JPY pair is largely correlated with the Nikkei 225 (Tokyo Stock Exchange index).If you open the Nikkei 225 and yen chart at the same time interval (preferably 4 hours or more, so as not to encounter a lot of noise) and constantly monitor them, then, from time to time, you can observe such situations when the Nikkei 225 begins a noticeable downward or upward movement, which is not yet observed on the yen chart, but then USD/JPY almost always repeats them, too.Such situations are good entry signals and are almost always confirmed.Studying the hourly chart (H1), you can see that the direction of the candle that appears at the opening of the American trading session almost always determines the direction of movement of the currency pair until the opening of the London session, which can be advantageously used as a USD/JPY forecast for intraday transactions.Immediately after the opening of the American session, we enter (if a bearish candle, then into sales, if bullish - into purchases), and immediately before the start of the London session, we close the deal.Features of the currency pairDue to the low price, USD/JPY has only two decimal places. It looks something like this: USD/USD = 119.15 - where the last digit is equal to one point.Currency trading in Japan, when movements in USD/JPY have the maximum volume, is conducted at night for Europe.USD/JPY is an interesting tool of the FOREX currency market, which is suitable for medium-term investors in the framework of swing trading. This is a great option for a more advanced trader who is looking for more complex financial instruments with non-trivial price change ...
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The best Forex pairs for scalping
EUR/USD, currency, GBP/USD, currency, USD/JPY, currency, The best Forex pairs for scalping Scalping or scalping is a strategy that makes many demands on traders. Perhaps the most serious of them is to accept that everything you think you know about Forex trading will be wrong in this context.Forget about it. Scalping is an opportunity to quickly make money on price changes when transactions last 5-10 minutes.Avoid "political" currenciesDo you want to make money by trading a large amount of money in anticipation of some serious movement? No, scalping is earning money on small price movements. And, what is even more likely in relation to the Forex market, it is worth forgetting about searching for highly volatile pairs in the hope of getting a big profit. George Soros managed to do this in 1992, and you can try to repeat it on a smaller scale, but this will be an example of ordinary trading, not scalping.Successful scalping is based on the use of relatively insignificant price movements. And it depends on a good and thorough analysis of the relevant currencies.First, which currency pairs to choose for scalpingHighly "political" or inflation-prone currencies are not suitable in this context, because they are likely to be very volatile, and high volatility should be avoided.Read more: Volatility: types, how to track and how to useLanguage barriersIt is much better to find a currency pair that is relatively stable, so that its movement can be analyzed and predicted.The obvious candidate would be the EUR/USD exchange rate. This is the most popular currency pair in the world, for which the most transactions are made, and it has many functions that we need.But it has drawbacks.First, it may seem at first glance that these two currencies are, by and large, equivalent. Both are equally popular, issued by developed democratic states, controlled by independent central banks, but in fact they are not comparable.Read more: Causes of inflation and scientific approaches to their studyThe dollar is the currency of a successful political union, it is supported by the federal government and the national treasury, and the central bank, the Federal Reserve System, enjoys broad public support. The euro, the currency of 19 national states, is not supported by the federal government, is prone to crises, as can be seen from what happened to Greece after the 2008 financial crisis, and its management is often criticized.The second drawback is the complexity of the analysis of the European Central Bank, unlike the Fed. There are many, many variables; the position of individual members of the board of directors, the demands of the" southern", poorer countries, the position of the European Commission, which is responsible for economic affairs, and the wishes of Germany, a powerful economy of the European Union.This is compounded by various language barriers that need to be overcome when studying the statements of those who determine the behavior of the ECB.Finally, the ECB is much more autonomous than the Fed.Perhaps the USD/JPY pair may be a more suitable option? The Japanese currency, like the dollar, is the currency of a single state, and the two economies conduct extensive trade with each other. But the language barrier is even more pronounced, and the Bank of Japan is not independent, which means that it is potentially open to political interference.Read more: The European Central Bank (ECB)Communication across the AtlanticThe best candidate for scalping may be USD/GBP. The Fed and the Bank of England are independent but accountable central banks, there is no language barrier, and the legal systems of the two countries are very close.The recent dynamics of the pound against the dollar was quite high, which gives scalpers the opportunity for significant profits. The reasons for this movement include the signing of a trade agreement with the European Union and hopes for the recovery of the UK economy.To predict strong movements in the short term, traders need a thorough and constant analysis of the factors that affect the movement of currencies: economic expectations, fiscal policy and, of course, interest rates. Scalpers will be helped by the fact that both countries have the same attitude to economic management, giving priority to a strong private sector, competitive tax rates and high growth rates.Plus, the US and the UK have a long history of bilateral inter-Atlantic trade.Transactions with GBP/USD may lack the attractiveness of exotic currency pairs, but scalping is not an adventure in the Forex market, but a way to make a profit.Read more: Rich history of the Bank of ...
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