u/Ashamed-Designer-174

I'm not sure if y'all remember this a few weeks ago ... but this is what i was talking about in my post abit ago....

I know historically this 160

zone has triggered BOJ intervention, and it seems

the yen it carrying most of the weakness in the pair,

USDJPY is primarily being held up by specific selling

(energy imports, carrying trade demand, BOJ

hesitation) rather than genuine dollars strength.

either:

the DXY drops cleanly > Dollar drops out under the pair,

BOJ hike or intervenes > yen leg snaps back violently.

you get a double catalyst unwind

both get kicked simultaneously, and that will send

it back to 155-152...

UJ is like a house of cards held up by two weak walls !

▲ 4 r/Forexstrategy+1 crossposts

Feels like a solid short for me, I know historically this

zone has triggered BOJ intervention, and it seems

the yen it carrying most of the weakness in the pair,

USDJPY is primarily being held up by specific selling

(energy imports, carrying trade demand, BOJ

hesitation ) rather than genuine dollars strength.

either:

the DXY drops cleanly > Dollar drops out under the

pair,

BOJ hike or intervenes > yen leg snaps back violently.

you get a double catalyst unwind

both get kicked simultaneously , and that will send

it back to 155-152 fast.

UJ is like a house of cards held up by two weak

walls..