Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More


James Stanley,

Long USD/JPY at Market

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

We’ve been discussing the macro setup behind this trade for a little over a week now. After the most recent Bank of Japan meeting underwhelmed expectations for an increase in stimulus, the Yen strengthened considerably to run towards longer-term resistance values. This has showed prominently in USD/JPY as price action is remaining supported above the widely-watched psychological level at ¥100.00.

The next Bank of Japan meeting is in September, but the long-side of this trade could see interest ahead of that meeting should expectations begin to rise (again) around another increase in Japanese stimulus.

Stops on the position can be set at ¥99.42 in order to get below the July swing-low and the ¥100-level in order to take on approximately ~160 pips of risk; and profit targets could be directed towards Fibonacci levels at ¥103.10 (1.3x risk), ¥105.35 (2.7x risk) and then ¥106.64 (3.5x risk).

Created with Marketscope/Trading Station II; prepared by James Stanley

--- Written by James Stanley, Analyst for

To receive James Stanley’s analysis directly via email, please SIGN UP HERE

Contact and follow James on Twitter: @JStanleyFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.