USDJPY Flirts With the 200-Day After Suspected Intervention
We can't ignore the elephant in the room today. The Japanese yen is again making headlines as it strengthens across the board.
Some are saying it was a rate check while others say intervention. It could also be a bond transfer. No one really knows, and it likely won't get confirmed until next business day when FX activity reports get published. But there was an oddly large candle on the M1 timeframe, and that usually coincides with some kind of artificial market manipulation.
What's interesting is USDJPY is flirting with the 200-day, which has been strong support. If you somehow overcome it to the downside, you likely see continued weakness toward 156, 157, 155, and lower.
I am really receptive to dollar yen getting a deep discount, because I want to be a long-term buyer and start accumulating. But right now is not a good place to build as the cost basis would be too high.
read the full article here.
— Alan
10
4September 2, 2026 1.3K 2
