[GVI Forex 2]

Flavor of the day are sell orders in JPY, whih has lifted USDJPY while offsets boost the EUR and others vs. the USD.

So far USDJPY has paused at 151 and EURUSD at 1.08.

[GVI Forex 2]

USDJPY DAILY – Key resistance cited

Guenther asked yesterday whether ut was time to start building longs for a run at 157.

While 157 seems an eons away, to trigger a move higher, 151.30 would need to be broken. This week’s high at 150.94 stands in the way.

Note the up trendline.

[GVI Forex 2]

When I see USDJPY trade higher, the first thing I look at are US bond yields, which are trading higher.

It is not clear whether bonds are reacting to recent cautious Fedspeak, the risk of higher inflation from tariffs, month.quarter end portfolio rebalancing or a combination.

[GVI Forex 2]

Hi Gunther Salzburg

Re USDJPY, going strictly by the way I use AT for my charting, onLy a firm break above 151.30 would negate the lingering downside risk.

On the other side, which supports your bullish vieW, CURRENT MOMENTUM IS TILTED UP WHILE ABOVE 148.15.

[Belgrade Bobby]

USDJPY Daily

Yen has to first take out that 151 – it is EMA 50 acting as a barrier.

Supports: 150.050, 149.300 & 149.050

Resistances: obviously 151.000, 151.250 & 152.450

Pattern wise – it looks good for tomorrows break above 151, as long as the day closes above 150.100

With so much fundamentals in front of us, it is not wise to try to predict so much in advance.

 

[Gunther Salzburg]

Is it time to start Buying USDJPY?

I think it is going for 157

Any suggestions?

[GVI Forex 2]

US OPEN

US futures modestly lower amid tariff reports, GBP lags & EUR/USD attempts to reclaim 1.08

Good morning USA traders, hope your day is off to a great start!

Here are the top 5 things you need to know for today’s market.

5 Things You Need to Know

Tariffs in focus amid reports that Trump could implement copper tariffs in weeks, elsewhere reports that Canada could find some reprieve

European bourses opened firmer but have since slumped, US futures are in the red but only modestly so

GBP lags after UK CPI, EUR/USD attempts to reclaim 1.08, USD/JPY rebounded overnight but is off highs

Gilts gapped higher on data and extended but have retreated to opening levels into the Spring Statement, USTs softer while Bunds are firmer but only modestly so

Crude continues to inch higher with a handful of factors underpinning, TTF slips as talks continue, Copper soared on tariff updates but has since pulled back

Try Newsquawk for 7 Days Free

[GVI Forex 2]

Using my platform as a HEATMAP shows

… uncertain markets looking ahead to quarter end and reciprocal tariff day on April 2

Mixed USD

EURUSD focus still on 1.08 after another test of 1.0777 (2-day double bottom)… support coming fro a firmer EURGBP and lesser extent EURJPY

GBPUSD lower after cooler UK inflation (EURGBP firms)

USDJPY back above 150 after holding above 149.49 yesterday

USDCAD a touch weaker dezpite tariff uncertainty

U.S. stocks a touch weaker

XAUUSD in a wait and see mode

Looking ahead… light US data calendar, awaiting next Trump headline

[GVI Forex 2]

USDJPY 4 HOUR – WHY LEVELS MATTER

This chart was posted early on today and see how  USDJPY came down just above 149.49 key support (low was 149.53)

This is no coincidence… Levels and patterns formed by the Amazing Trader charting algo matter

If you would like a 30 day free trial, go to the member benefits page in GTA (if not a member sign up, free)

[GVI Forex 2]

EURJPY 30 MIN – Dominant flow today

Note the price action in EURUSD 1.0810 ( vs. dip to 1.0799) and USDJPY 149.80 (vs 149.53 low) after whatever real money sell order was apparently filled and EURJPY bounced off its low.

As I have also noted, when USFJPY makes a sharp move and another currency lags badly or diverges, it is more often than not the result of an offset from a JPY cross.

Feel free to ask if this is not clear.

[GVI Forex 2]

Unlike yesterday, EURUSD found some buyers around 1,08 rather than stops.
‘
USDJPY 149.53 low vs 149.48 key support (last at 149.75).

[GVI Forex 2]

The flavor of the day cointinues to be the JPY… there does not seem to be fresh news but hard tio fight real money flows…. key USDJPY support: 149.49

[GVI Forex 2]

Bobby posted this earlier: Correction should reach 149.650 .

Came pretty close: USDJpY LOW 149.67

[GVI Forex 2]

FX wins. the correlation battle as yields sip… JPY and AUD are te outperforers…. EURUSD backing off after hitting a wall at 1.0830

[GVI Forex 2]

No FX reaction (note weaker USDJPY) to higher US yields

[Belgrade Bobby]

USDJPY 4H

Supports: 149.650, 149.350 & 149.050

Resistances: 151.000, 151.300 & 151.950

Correction should reach 149.650 .

Intraday Resistance is now at 150.400 & 150.750

As long as it stays below it, nothing changes.

[GVI Forex 2]

USDJPY 4 HOUR – Chart tells the story

This is one of those days where this chart tells the whole story

Bid while above 150.18 but upside contained unless 151.30 is taken out.

Back below 150.18 would negate yesterday’s mini breakout and shift the range to 149.50-150.00

150 the clear bias setting level going forward.

[Belgrade Bobby]

USDJPY Daily

For Monday we have a Bullish Pattern, but USDJPY has to take out 149.650 for any significant move Up.

If successful, opens a road for attack at 151 zone.

Happened – so what next?

Supports: 150.150, 149.650 & 149.150

Resistances: 150.750, 151.000 & 151.350

This is Yen and it can just continue Up, but I expect it to at least pull back till around 150.150 if not a full move to 149.650

[GVI Forex 2]

Using my platform as a HEATMAP shows

… week starting out in a risk on mood after Trump’s reciprocal tariff comments… As I have noted, while markets may react to the latest headline actions speak louder than words (April 2 is the reciprocal tariff day).

… the dollar is trading weaker but off earlier lows… exception is USDJPY but remains below 150

EURUSD came close but paused below 1.0860… See What is the trend in Forex Majors for coming week

EZ composite PMIs mixed (manufacturung up a touch (but below 50), Services down a touch (but above 50)… S

[GVI Forex 2]

Starting out here like it is TGIF….

EURUSD 1.0850 clearly pivotal in setting the tonr… last at 1.0831

Commidity currencies down… JPY up…reflects a risk off tone

So far a no market moving news day