I can’t recall the last time I wrote about the USDJPY… Anyway, it is trading in a bearish market condition and short opportunities are in play:

he next LT support level is at 83.45 (where all TP orders should we set).

Be careful though, remember the BOJ recently intervened and made the USDJPY go from 82.86 to 85.74 in just one day.

Trade Safe!

Raul Lopez
Forex Training