USD/JPY Trading Positions

WHAT IS THE TRADING POSITIONS TOOL AND WHY TO USE IT?

The Trading Position page provides a glance as how FXStreet dedicated contributors (Retail traders, Brokers and Banks) are currently positioned in the GBP/USD. It includes Entry price, Stop Loss and Take profits (up to 3, from the most conservative to the most risky level). It is a positioning indicator that delivers actionable price levels such as the average buy and average sell prices. The tool shows how liquidity is distributed along the price scale. Price levels with a lot of orders may act as support and resistance areas. It takes into account not only the entry prices but more importantly where participants have their stop losses and take profit levels. These orders are translated into support and resistance levels, as well as acceleration points. Visit our Support and Resistance page


HOW TO READ THE GRAPHS?

Besides the table with all participants’ individual positions, graphic representations aggregate and visualize the data.

  • The Red and Green line shows the percentage of buy and sell positions for each currency pair.
  • You also get the Average Sell Price (in red) and Average Buy Price (green) just next to the gauge graph. Trend traders can take advantage of these price levels in those circumstances when the current market price is at better levels than the average aggregate.
  • If you click on the pair, you will access another page with the Liquidity Distribution illustration. On this graph, we draw a vertical line for each contributor’s price position (price is horizontally laid out) so you can quickly figure out how the liquidity is distributed along the price scale. Price levels with a lot of orders may act as support and resistance areas.

HISTORIC RANGES FOR USD/JPY

Last 5 years (Feb 2012 to Feb 2017): Max : Jun, 8 2015 126¥/USD - Min: Sept,14 2012 : 77¥/USD


MOST INFLUENTIAL LEADING FIGURES FOR USD/JPY

The most important figures whose speeches and decisions are closely followed by USD/JPY traders are those who represent the organizations that most affect the pair:

  • Janet Yellen, Fed (Chairman since February 2014
  • Haruhiko Kuroda, Governor of the Bank of Japan since March 2013
  • Donald Trump, President of the United States of America since January 2017
  • Shinzō Abe, Prime Minister of Japan since December 2012

Also to be watched and listened is Xi Jinping, President of the People's Republic of China and General Secretary of the Communist Party of China since November 2012. China is a direct regional competitor of Japan and its economy and politics can affect the Yen.


COMMODITIES THAT INFLUENCE THE MOST USD/JPY

When trading GBP/USD, it’s recommended to have a look at other assets, including commodities, in particular Oil, Coke and Coal. Because Japan is largely dependent on imported oil and other natural resources, rising commodity prices can hurt the Japanese economy and cause the yen to weaken.


Currency Trading Positions

The purpose of the Trading Positions table is to provide a glance of USD/JPY as to where our dedicated contributors are currently positioned. You can access the original analysis reports by clicking on each position.