USDJPY Analysis, USDJPY Signals And Online Chart

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USDJPY - is a major pair with high volatility and moderate liquidity. The primary trading occurs during the Asian session. Key factors affecting the price include the interest rates of the U.S. and Japan central banks, macroeconomic statistics, and trade relationships.

Traders Union offers daily USD/JPY analysis and signals provided by our analyst Anton Kharitonov. Additionally, on this page, you can access indicator-based weekly and monthly price forecasts, as well as an USD/JPY online Forex chart to keep track of the current trend.

Disclaimer:

This article does not contain recommendations for buying or selling currencies. The USD/JPY forecast and signals are made on the basis of independent assessments as of the moment. Please consider the risks when making an investment decision.

Disclaimer

Disclaimer

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USDJPY daily analysis and signals

Traders Union offers daily USD/JPY analysis and signals, presented by the leading Forex analyst Anton Kharitonov, as well as other experienced analysts. The USD/JPY analysis is based on a combination of current fundamental data, news, and technical analysis, providing traders and investors with valuable and well-informed insights.

USD/JPY remains under selling pressure

03.05.2024
Following what seems to be the Bank of Japan's second intervention, the U.S. dollar faced pressure from the Japanese yen again yesterday, bringing it back to 153.10 support, which was the lowest point reached the day before due to the presumed intervention. Even though the difference in interest rates doesn't really support buying yen, in the short run, the potential psychological impact of the two presumed interventions might cause the support to break and the pair to drop further. If the intervention doesn't materialize, which would be quite surprising, the U.S. dollar bulls may regain confidence.

USD/JPY remains under selling pressure

Indicator-based USD/JPY signals

USD/JPY indicator-based signals are prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out USD/JPY signals.

NOTE!

Signals may differ on different timeframes. If you want to hold the USD/JPY for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.

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USD/JPY chart online

USD/JPY Buy and Sell signals

Methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

What is the best time to trade USD/JPY?

The greatest activity is observed during the Asian session. For most traders, it is a good idea to trade during the period of highest liquidity.

What factors cause the USD/JPY price to go up?

An upward movement indicates the U.S. dollar strengthening or the Japanese yen weakening. The reasons can be various, such as rising inflation or unemployment in Japan, changes in the Federal Reserve’s interest rate, etc.

What is the best USD/JPY signal?

It depends on the situation. You can use combinations of technical and fundamental analysis tools, chart analysis and Price Action, and other analytical tools like heatmap, market sentiment, etc.

What is the best time frame to trade USD/JPY?

It depends on the strategy. M5-M15 intervals are suitable for scalping, while H1-H4 intervals are appropriate for intraday trading. There's also a multi-timeframe trading system where trend identification occurs on higher intervals, and trades are opened on lower ones.

Team that worked on the article

Oleg Tkachenko
Author and expert at Traders Union

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Olga Shendetskaya
Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Mirjan Hipolito
Cryptocurrency and stock expert

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).