USDX
107.870

0.37%

XAUUSD
1756.20

0.12%

WTI
88.959

1.08%

EURUSD
1.00662

0.22%

GBPUSD
1.18359

0.75%

USDJPY
136.930

0.77%

USNDAQ100
13368.65

1.13%

Global Markets

Home
News
Columns

Topics Columnists

Trending Topics

Russia-Ukraine Conflict

The war between Russia and Ukraine continues, and it is difficult for the two sides to reach an agreement in negotiations. Western countries have imposed several rounds of sanctions on Russia. The outlook is unpredictable.

Situation in Taiwan Strait

Pelosi's visit to Taiwan has led to an escalation of tensions in the Taiwan Strait. Chinese Foreign Ministry spokesperson Hua Chunying said that the U.S. side and the "Taiwan independence" separatist forces colluded to provoke China, which is the fundamental reason for the tensions in the Taiwan Strait.

The Fed

The Federal Reserve (Fed), or the central bank of the United States, is responsible for regulating the U.S. monetary policy and interest rates. As a provider of liquidity for world trade, the Fed is also known as the world's central bank. Its every move affects the global economy and financial markets.

China-U.S. Relations

Focus on Pelosi's Taiwan Visit ! How will China-U.S. relations develop in the future, win-win cooperation or confrontation?

Top Columnists

FastBull Featured

The latest breaking news and the global financial events.

FastBull

Hi there! Are you ready to get involved into the financial world?

Devin Wang

I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.

Winkelmann

7 years of stock market, foreign exchange, precious metal and other trading and analysis experience, based on fundamental, technical support, biased towards the top-down transaction logic, focusing on macro cycle and risk control, multi-purpose supply and demand theoretical prediction price Changes, balances the impact of transactions, chips distribution and market sentiment, and steady.

7x24
Economic Calendar
Quotes

Videos

Trading AcademyTradersDaniel Market Outlook

Latest Update

Permits Will Be A Necessity In The Future! Or Else Get Blocked!

South Korea blocks Kucoin and other 15 unregistered crypto exchanges, while European Central Bank is working on some guidance on licensing crypto assets. Will the crypto market be regulated soon in the future?

Urgent! Transactions Will Be Paused During The Merge?

Coinbase announced that they will pause new Ethereum and ERC-20 token deposits and withdrawals during the Merge as a precautionary measure. Shiba Inu, had a surge of more than 26% recently when the exact Merge date was officially released, will there be another spike?

U.S. Treasury Imposes Sanctions on Tornada Cash, Did They Reach Too Far?

U.S. Department of The Treasury has imposed sanctions on Tornado Cash because Tornado Cash has reportedly laundered more than $7 billion worth of crypto. This includes over $455 million stolen by the Lazarus Group. why do hackers want to choose Tornado Cash?

A Supply Shock Before ETH2.0, When Should I Close My Buy Position?

Bitcoin Rebounces After July CPI Releases; There Is A Supply Shock Before ETH2.0; Binance And Mastercard Launch Prepaid Card in Argentina; This is the time!?!

Data

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Asset Correlation

Popular Indicators

Analysis
AI Signals

Trading Signals

Recommended Signals

Pro
Recent Searches
    Trending Searches
      Quotes
      7x24

      View All

      No data

      Login

      Sign Up

      FastBull user

      • My Favorites
      • Following
      • My Subscription
      • Personal Info
      • Orders
      • Account Settings
      • Sign Out
      English
      • English
      • 简体中文
      • 繁體中文
      Reminder Settings
      • Economic Calendar
      • Market Quotes

      Reminders Temporarily Unavailable

      Feedback
      0 /250
      • Attach an Image
      • Attach an Image
      • Attach an Image
      • Attach an Image
      0/4
      Contact Information (optional)
      Submit
      邀请好友,获取现金奖励!

      USDJPY: View Remains Unchanged as Bearishness Prevails

      Global Inflation
      Summary:

      The dramatic rebound in the JPY that began over the past week seems to have come to an abrupt end and is still being held back by key resistance levels that have been strong this year. Our view is in line with Thursday's view that the recent bearish trend of USDJPY is not over and USDJPY is expected to test the bottom 130.30 range again.

      Sell USDJPY
      End Time
      CLOSED

      135.500

      ENTRY PRICE

      131.100

      TGT PRICE

      136.500

      SL PRICE

      136.930 +1.050 +0.77%

      880

      Points

      Profit

      131.100

      TGT PRICE

      134.620

      CLOSING

      135.500

      ENTRY PRICE

      136.500

      SL PRICE

      Fundamentals

      On Monday, the JPY saw its strongest four-day rally since the beginning of the COVID-19 pandemic. It was expected to achieve a five-day rally due to aggravated geopolitical concerns in Asia. But on Tuesday, risk sentiment suddenly reversed, and the USD soared together with the U.S. Treasury Securities yields.
      The USDJPY rose 1% to 132.93 on Tuesday, as the market saw rounds of bears rebound. Earlier, the USDJPY briefly fell 0.9% to 130.41, slightly above its 100-day SMA, which has supported the USD and resisted the JPY throughout 2022.
      Yesterday, we stressed that the upward trend has slowed down and the USDJPY is unlikely to rise further. We expect the USDJPY to continue its decline after trading within a narrow range of 133.10-134.50. Yesterday, the USDJPY rose to 134.42, followed by a sharp correction to a low of 132.52. Despite a sharp correction, the downward momentum has not improved significantly. In other words, there is still room for the USDJPY to fall to 132.30. The next support level of 131.80 is not expected to be greatly threatened. On the bright side, a breakthrough of 134.10 (with small resistance at 133.65) would indicate that the current mild downward pressure has eased.
      USDJPY: View Remains Unchanged as Bearishness Prevails_1

      Technical Analysis

      On Monday, the USDJPY rebounded from a low of 130.42 and climbed above the 132.50 resistance zone. The USDJPY broke the 38.2% Fibonacci retracement (swing high of 137.46 to swing low of 130.42). Now, it is going to break the 50% Fibonacci retracement (swing high of 137.46 to swing low of 130.42). The next major resistance level is near 134.50, above which it will accelerate its rally. In such cases, the USDJPY will rise to 136.00 resistance in the near term.
      Instead, the USDJPY will start a new downward attempt below the 132.50 support area. The first major support level is around 132.20. Any further downward testing will push the USDJPY to the 131.20 range.
      In the 4H timeframe, the USDJPY is still well below the 135.00 level, as well as the 100 SMA and 200 SMA
      However, in the 1D timeframe, the USDJPY is still adjusting with a death cross that continues downward momentum. In the downward, such a situation would last for a longer period. In most cases, it is recommended to go short at the highs.

      Trading Recommendations

      Trading direction: Short
      Entry level: 135.50
      Target level: 131.10
      Stop loss: 136.50
      Deadline: 2022-08-18 20:00:00
      Support: 132.53, 132.11
      Resistance: 133.44, 134.23
      Risk Warnings and Investment Disclaimers
      You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or signal, or any other product is suitable for you based on your investment objectives and financial situation.

      Quick Access to AI News

      Quick Access to Editor-selected News

      Full Access to Pro Video Channel

      FastBull project team is dedicated to create exclusive videos

      Real-Time Quotes

      Market quotes in the free version update every 3 seconds. Market quotes in the paid version update in real-time.

      More comprehensive macro data and economic indicators

      Members have access to entire historical data, guests can only view the last 4 years

      Member-only Database

      Comprehensive forex, commodity, and equity market data

      Eva Chen

      Analyst

      Master of Economics, 8 years in the financial industry, CFA holder, joined HSBC (Hong Kong) Bank in 2013 after graduating from the University of California, USA in the Investment Research and Markets Department. With years of financial market experience and trading experience, having provided excellent investment advice to many brokerages, entity derivatives importers and clients in Greater China.

      Rank

      2

      Articles

      244

      Win Rate

      65.48%

      P/L Ratio

      0.61

      Focus on

      XAUUSD, WTI, USDCAD

      Related Analysis

      XAUUSD: Fed's July Meeting Minutes Are Dovish, Still Poses Downside Risk to Gold

      TRADING

      USDCAD: Over-Congested Traffic above, Beware of Bears' Attack

      TRADING

      AUDUSD: 100 Day SMA Support Valid, Bulls Range Repair Follows

      TRADING

      XAUUSD: U.S. July Retail Sales Up 0%, How Should Gold Follow?

      PROFIT +724 Points

      AUDUSD: Bearish Position's Participation Not Being Prevented Despite Short Position Being the Main Theme

      PROFIT +388 Points
      FastBull
      TelegramInstagramTwitterApp StoreApp StoreApp StoreGoogle Play
      Copyright © Fastbull Ltd
      Home News Columns AI News Economic Calendar Quotes Videos Data WarehouseAnalysis AI Signals Pro User Agreement Privacy Policy About Us

      Risk Disclosure

      The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

      No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

      Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.