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USDJPY Power Dashboard

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USDJPY Power Dashboard — Description

USDJPY Power Dashboard is an analytical dashboard designed to visualize
the underlying forces driving USD/JPY (US Dollar / Japanese Yen) by combining currency strength and market risk factors.

Instead of showing price direction alone, this indicator separates “cause” and “result”:

Why USD/JPY is being pushed up or down (pressure / structure)

What USD/JPY is actually doing (trend)

This makes it especially useful for identifying trend continuation, range conditions, and potential turning points.

Instruments Used

The dashboard evaluates USD/JPY using six key instruments:

USDJPY – the price itself (result)

EURUSD – relative USD strength vs EUR

DXY (US Dollar Index) – overall USD strength

JPY Index – overall JPY strength

Dow Jones Industrial Average – risk sentiment proxy (JPY factor)

Nikkei 225 – risk sentiment proxy (JPY factor)

These are grouped into:

USD-related factors

JPY-related factors

Risk-on / Risk-off factors (equities)

Direction Logic

For each instrument:

A simple moving average (SMA) slope is calculated.

The direction is classified as:

Up (+1)

Down (−1)

Neutral (0)

The direction is then converted into its contribution to USD/JPY:

+1 = upward pressure on USD/JPY

−1 = downward pressure on USD/JPY

0 = neutral

The moving average is used only for direction detection, not for chart display.

Table Overview (Bottom Right)
1. Individual Power per Instrument

Each instrument is listed with its current contribution to USD/JPY:

Up Power

Down Power

Neutral

Numeric score (+1 / −1 / 0)

This allows you to instantly see which components are pushing or pulling USD/JPY.

2. Summary 1 — Cause / Pressure (Hybrid Model)

Summary 1 describes the market structure behind USD/JPY by evaluating USD and JPY forces independently.

It explicitly shows real-world FX combinations such as:

USD Buy + JPY Sell (Classic Trend)

USD Sell + JPY Buy (Classic Reversal)

USD Buy + JPY Buy (Weak Direction / Tug of War)

USD Sell + JPY Sell (Risk-On Distortion)

On top of that, it adds a practical pressure label:

USDJPY Upward Pressure / Downward Pressure

USD-led / JPY-led / Mixed

This provides a concise explanation of what is driving the market right now.

3. Summary 2 — Result (Trend)

Summary 2 shows the actual USD/JPY trend based on USDJPY’s own direction:

UP

DOWN

FLAT

By comparing Summary 1 (cause) and Summary 2 (result), you can quickly identify:

Trend confirmation

Range conditions

Early signs of trend exhaustion or reversal

How to Use This Indicator

To understand why USD/JPY is moving, not just how

To distinguish trend continuation vs. structural divergence

As a bridge between technical analysis and macro / intermarket context

⚠️ When Summary 1 and Summary 2 diverge, the market is often ranging or approaching a turning point.

Notes

This is not a prediction tool, but a market structure and pressure analysis tool

Equity indices (Dow / Nikkei) are indirect factors and should be interpreted as context

Sudden news-driven spikes may not be immediately reflected

כתב ויתור

המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.