USD/JPY Potential Trajectory Around Intervention Levels..

Whispers of Intervention (again) by the Japanese Govt have come across the board as the USD drives higher.

Japanese officials are aware of demand into USD post Trump Election and will be monitoring the weakening of the JPY carefully.

We've seen several Japanese interventions in recent history, and anything more would likely deliver a larger fall back to lows to keep price sustainable.

It is is more the rate at which the weakening happens, not so much the eventual price. So any data that spurs a further drive into the USD could cause this to happen.

Any entries, must be light. I would not take anything seriously long here at all given the position the JPY is in, not least how weak it is already. With intervention chatter on the cards its a recipe for long disaster, even despite rate differentials. S/L may be helpful.

Keeping a close eye on news sentiment as we go forward.