DislikedUJ As for this par, it has filled the Daily FVG level and may want to start into getting the supply level above for Liquidity There is a threat of intervention by Japanese authorities could keep USD/JPY’s upside in check. With USD fell broadly after the US data with the fewest jobs in more than two years, with chances for the Fed to raise interest rates later this month. YEN found its strong support on Last Friday. A high chance of a 25 basis points rate hike at the July 25-26 FOMC meeting. {image}Ignored
If retracement takes place (large retracement), then it's probably advisable to stay Long Yen until another BoJ meeting takes place which is two days after Fed, because BoJ is unlikely (again) to do anything, so Yen will drop again.
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