USD/JPY Discussion

My account has taken a beating in the last week, I lost 1% last night. I hope to recover soon. Y'all trade safe!

Waiting for Non-Farm news. I will short

Music to my ears

Just entered sells. Let’s see if news drives us down. Buys look too good to be true. If we really going to 158.9 I’m sure I’ll be out before then. Not in heavy. But can we get a pull back atleast ?

Good luck all . we are traders and this is our time. Right now! Lets go make some money!

Maybe tomorrow's NY session wil be at 156,07-155,95

I am re-adding this channel as it served me well throughout the past month.


I have no idea when it will stop from climbing but I'll be watching 158.300 zone closely for potential bearish signs.

Bears are not strong enough to sustain? Im waiting for it to crash so that i can re enter but it seems no more strength to dive. Standing aside and saliva dripping

It got rejected multiple times on the 75% level of the channel and it is going down since then.

There is relevant support in the 156.700 - 156.850 area. To demonstrate that bears are in control, I would like to see a quick push through this area.

A strong bullish 4H candle should be a big warning for shorts, and a sign for a potential reversal.

Thinking I should close now. Didn’t get to close at the 50% mark but I really want the 61.8%. If talks are intervention I’m willing to bet once again they are to early for it thus actually making the price reach 160+ where they can profit the most. I can set stops to be again and waste profits again or I can get out at 50-61.8 and go bullish? Stops to BE for now. did I see PMI? Wish Japan would come out with some interesting news other than that I see us heading back up technically right ?

yes 1 hr later

For me the chart is completely open for both bullish and bearish scenarios on the short term. I can see price reaching either 156.0 or 157.500 by the end of the session, with some decent deviations from expectations in the PMI and UoM reports. As it is Friday, maybe even both


In the medium term I am considering two pieces of conflicting information.

Judging the UJ chart objectively, as it stands now, it is still fully bullish. On the 4H it is still making HHs and HLs, so there is nothing that would indicate that a strong correction is in place. I wouldn't be surprised at all if it would go up next week, take out the 2025 year high and reverse somewhere around 159 for a major pullback.

On the other hand, in my opinion the BoJ is not looking at the yen strength only relative to the USD, as this would be distorted by the USD value at a given time. Instead, I think, they are looking at a more objective value by measuring it against a basket of multiple major currencies of Japan's most important trading partners. From this perspective, the Yen is actually weaker then the UJ chart shows.
If we check the Yen chart, coincidentally (or not), yesterday it hit the low from 29th April 2024 (you can google it) and bounced quite strongly from it.


For the UJ to go above 159, the Yen would need to fall even more. Did it happen in the past? Yes, as the chart shows it happened, before the latest intervention. Will the big players who can move the market risk their capital to do so? I don't know