FX.co ★ Trading tips for USD/JPY

After the most powerful currency intervention by the Bank of Japan over the past three weeks, USD/JPY stopped twice at the support level of 145. This was not in favor of buyers, but it indicated where their stop orders should be.

Important data on inflation will be released in the US today, where many expect to see a decrease.

In this regard, traders should enter the market by selling from current prices, aiming to update the level of 145.

This trading idea is based on the "Price Action" and "Stop Hunting" methods.

Good luck and have a nice day! Don't forget to control the risks.