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USD/JPY whipsaw as Japanese authorities are seen chasing the market


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US Dollar/Japanese Yen Price & Chart Analysis

  • USD/JPY jumps from 145.00.
  • The market thing is BoJ is checking the prices.

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The Japanese yen is highly volatile in two-way trade on Wednesday, with the Bank of Japan ‘closely monitoring’ and ‘examining’ prices in the forex market. This is usually a move before the central bank actually intervenes in the market and today’s bullshit has seen USD/JPY trading in the 2 big figure plus range. Yesterday’s strong performance of the US Dollar based on better-than-expected inflation reports sent USD/JPY back towards 145.00, a level that now looks like it could be a line in the sand for Japanese officials.

Bank of Japan (BOJ) – Forex Market Intervention

The Japanese yen has been trending lower against the US dollar for several months now, aided by the BoJ’s decision to continue buying increasingly large amounts of Japanese government bonds (JGBs). The central bank’s actions to limit long-term bond yields to 0.25% have begun to attract the attention of other central banks, along with the yen’s weakness in Japanese trade.

Japanese Yen (JPY) Collapses Across the Board as BoJ Increases Bond Buying

USD/JPY reacted sharply today at the 145.00 level, suggesting that the BoJ is preparing to defend the rate at or very near this level. While verbal intervention from central bankers is powerful and should not be ignored, action will need to be taken soon otherwise the market may fall for the BoJ hoax, and could see the pair moving towards 150 in short orders.

USD/JPY Hourly Price Chart – September 14, 2022

Real-time view of all market data releases and economic events DailyFX Calendar,

Data from retail traders shows that 22.05% of traders are net-long, with a traders ratio of 3.54 to 1. The number of net-long traders is 12.56% lower than yesterday and 12.70% lower than last week, while the number of traders net-short is 3.81% lower than yesterday and 1.89% lower than last week.

We generally take a contrarian view to crowd sentiment, and the fact that traders are pure-short suggests that USDJPY price may continue to rise. Traders are more net than yesterday and last week, and the combination of current sentiment and recent changes gives us Strong USD/JPY – Bullish Contrarian Trading Bias.

the customers are Net long.

the customers are pure short.

change in




Daily -9% -4% -5%
weekly -10% -2% -4%

but what do you think Wed/jpy – bullish or bearish?? You can let us know via the form provided at the end of this article or you can contact the author via Twitter @nickcawley1,



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