Flexity Analysis for USDJPY

Forecast Overall(Short-Term, Long-Term): ST=Probably Down LT=Undecided

Forecast Methods(Short-Term, Long-Term):
[Method0] ST= LT=

[Method1] ST=Down LT=Up

[Method2] ST=Down LT=Down

FlexityIndicator Analysis Method(0)

Result: [Method0] ST= LT=

FlexityIndicator Analysis Method(1)

Short-Term: **Conclusion:** Based on the analysis of the provided information, the USDJPY exchange rate is **expected to go down** in the short term. The forecasts from Rabobank, MUFG, and Goldman Sachs all point towards a decline, with specific targets mentioned by MUFG and Goldman Sachs. Additionally, the market news indicates an initial drop due to anticipation of a Bank of Japan rate hike, which aligns with the downward trend predictions. Long-Term: The analysis of the provided information suggests that the price of USD/JPY is expected to rise in the long term. While there are near-term forecasts predicting a decline due to factors such as US recession risks and trade dynamics, the long-term outlook shows a significant increase by 2029. This indicates an overall bullish trend for USD/JPY over the extended period, influenced by factors like risk sentiment and broader market trends that may lead to yen depreciation and dollar strength. **Answer: The price for USD/JPY is expected to go up in the long term.**
Result: [Method1] ST=Down LT=Up

FlexityIndicator Analysis Method(2)

Short-Term: Based on the analysis of the provided information, the USDJPY pair is expected to **go down** in the short term. **Reasoning:** - The pair is currently testing a significant support zone between 146.55 and 146.83. A break below this zone could lead to further declines. - If the price breaks below 146.55, it may target previous lows near 146.30 and 146.206. - The US dollar is weakening against major currencies, which could pressure USDJPY lower. - A potential dovish stance from the Fed further supports a bearish outlook for the dollar and, consequently, USDJPY. In summary, the short-term outlook suggests a downward trend for USDJPY if support at 146.55 is broken. Long-Term: The analysis indicates that USDJPY is expected to decrease in the long term. Factors such as a depreciating US dollar, testing of critical support levels, and potential Fed dovishness contribute to this outlook.
Result: [Method2] ST=Down LT=Down