USDJPY Analysis: High-Risk Zone as BOJ Signals Intervention

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USDJPY Analysis: High-Risk Zone as BOJ Signals Intervention

I know this is getting old and boring considering the BOJ is constantly sending out messages about possible intervention in Forex.

Yesterday they sent out another message warning about intervention in Forex. Many expect USDJPY to fly higher, but in my opinion we should be careful when the BOJ speaks.

It is impossible to know when they might act again, but considering that they have already intervened in the current zone, the chances are very high that this is the zone where they could make a small or larger intervention again.

The problem is that this will happen as soon as we give up and it carries a high risk.

Main objectives according to the strength of the intervention:
162.20
157.90
155.50
152.30

You can find more details on the chart.
Thank you and good luck! 🍀

⚠️PS: Do your own analysis and use your own strategy to join the trade.
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