This website is managed by Ultima Markets’ international entities, and it’s important to emphasise that they are not subject to regulation by the FCA in the UK. Therefore, you must understand that you will not have the FCA’s protection when investing through this website – for example:
You will not be guaranteed Negative Balance Protection
You will not be protected by FCA’s leverage restrictions
You will not have the right to settle disputes via the Financial Ombudsman Service (FOS)
You will not be protected by Financial Services Compensation Scheme (FSCS)
Any monies deposited will not be afforded the protection required under the FCA Client Assets Sourcebook. The level of protection for your funds will be determined by the regulations of the relevant local regulator.
Note: UK clients are kindly invited to visit https://www.ultima-markets.co.uk/. Ultima Markets UK expects to begin onboarding UK clients in accordance with FCA regulatory requirements in 2026.
If you would like to proceed and visit this website, you acknowledge and confirm the following:
1.The website is owned by Ultima Markets’ international entities and not by Ultima Markets UK Ltd, which is regulated by the FCA.
2.Ultima Markets Limited, or any of the Ultima Markets international entities, are neither based in the UK nor licensed by the FCA.
3.You are accessing the website at your own initiative and have not been solicited by Ultima Markets Limited in any way.
4.Investing through this website does not grant you the protections provided by the FCA.
5.Should you choose to invest through this website or with any of the international Ultima Markets entities, you will be subject to the rules and regulations of the relevant international regulatory authorities, not the FCA.
Ultima Markets wants to make it clear that we are duly licensed and authorised to offer the services and financial derivative products listed on our website. Individuals accessing this website and registering a trading account do so entirely of their own volition and without prior solicitation.
By confirming your decision to proceed with entering the website, you hereby affirm that this decision was solely initiated by you, and no solicitation has been made by any Ultima Markets entity.
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the USDJPY for JAN 7, 2025.
Fundamental Analysis
USDJPY Key Takeaways
The probability of a rate hike in January is reduced: After the Bank of Japan kept its benchmark interest rate at 0.25% last month, Ueda made dovish remarks at a press conference, which intensified market speculation that the Bank of Japan might not raise interest rates in January, causing the yen to fall to its lowest level against the dollar since July, as most market observers had expected the next rate hike to take place in January.
US Treasury yields suppress the yen: The prospect of high US Treasury yields has increased the attractiveness of fixed-income assets and demand for the US dollar. The 10-year Treasury yield remains above 4.6%, and the USD/JPY still has the momentum to support the upward trend.
Technical Analysis
USDJPY Daily Chart Insights
(USDJPY Daily Price Chart, Source: Ultima Markets MT4)
(USDJPY Daily Price Chart, Source: Ultima Markets MT4)
Stochastic oscillator: The slow line just left the overbought area and intersected with the fast line again, which is about to send a bullish signal, suggesting that short-term bullish forces still have the upper hand.
Oscillation range: USD/JPY has been adjusting and oscillating since December 20. After stepping back on the purple 13-day MA yesterday, a pin bar was formed. Today’s Asian session broke through yesterday’s high, which is also the upper edge of the oscillation range, confirming the intraday bullish direction.
Resistance target: Based on the possibility of Japanese government intervention in fundamentals and the suppression of the 160 neckline position of the monthly line from a technical perspective. The upward target of USD/JPY needs to be conservative, and the first target is the 61.8% Fibonacci extension line of 159.208.
USDJPY 1-hour Chart Analysis
(USDJPY H1 Price Chart, Source: Ultima Markets MT4)
(USDJPY H1 Price Chart, Source: Ultima Markets MT4)
Upward channel line: After a wide range of fluctuations, the exchange rate accelerated its rise and broke through the upward channel line, clarifying the strong bullish power. During the Asian session, focus on long opportunities.
Stochastic oscillator: The indicator quickly broke through the 50 median line, and the current fast line is about to enter the overbought area. Based on the momentum of the strong rise in the exchange rate, today’s indicator may appear extremely overbought in the overbought area. After waiting for the top divergence to appear, we can no longer blindly be bullish during the day.
USDJPY Pivot Indicator
(USDJPY M30 Price Chart, Source: Ultima Markets APP)
(USDJPY M30 Price Chart, Source: Ultima Markets APP)
According to Pivot Indicator in Ultima Markets APP, the central price of the day is established at 157.60,
Bullish Scenario: Bullish sentiment prevails above 157.60, first target 158.70, second target 159.10;
Bearish Outlook: In a bearish scenario below 157.60, first target 157.20, second target 156.85.
Conclusion
To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you with valuable insights to empower your financial journey.
For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets.
Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets.
Stay tuned for more updates and analyses from our team of experts at Ultima Markets.
—–
Legal Documents
Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission “FSC” of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.
Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.
Why Trade Metals & Commodities with Ultima Markets?
Ultima Markets provides the foremost competitive cost and exchange environment for prevalent commodities worldwide.
Thank you for visiting the Ultima Markets website. Please note that this website is intended for individuals residing in jurisdictions where accessing is permitted by law. Ultima and its affiliated entities do not operate in your home jurisdictions.
By clicking on ''Acknowledge'', you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website based on reverse solicitation principles, in accordance with the applicable laws of your home jurisdiction.
