USDJPY US Dollar / Japanese Yen

$USDJPY short selling extremely difficult in this environment. Locking in some profits here though. Had to average into it.. Cash freed from this goes back into long term positions. Holding sell order at 158.876. That was stressful lol. 5am now where I am 🤣🇬🇧

$USDJPY $FXY • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 157.138 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 156.370 ➔ 159.036 • Refined Demand (+OB): Structural base • Overhead Supply (-OB): 158.143 – 158.164 • Buy-Side Liquidity (PDH): 158.380 [UNTOUCHED] • Sell-Side Liquidity (PDL): 157.838 [SWEPT] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

The activity levels on $USDJPY is extreme - very quiet and tight range. It's possible that it remains anchored to this 0.49% range carved out the past 10 days until next week's FOMC and BOJ; however, I think a firm risk drive could short circuit the wait

$USDJPY $FXY • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 157.951 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 156.370 ➔ 159.036 • Refined Demand (+OB): 157.596 – 157.729 • Overhead Supply (-OB): 158.291 – 158.312 • Buy-Side Liquidity (PDH): 158.175 [UNTOUCHED] • Sell-Side Liquidity (PDL): 157.694 [UNTOUCHED] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

Back on Japan intervention watch... The Dollar's charge has pushed $USDJPY back above its 100 and 200-day SMA and up towards 160 - the suspected intervention level two months ago and confirmed back on April 30. If the US wants Japan to keep buying Treasuries (~$1.2TLN)...

$USDJPY 15 minute chart. Rejecting liquidty draw to the trendline. Opened 5 positions. TP at the blue line for four of five. When something is breaking down long term, scalps are there to be taken. Leave one to ride. Stop loss above if I’m wrong

$USDJPY $FXY • ⚪ CONSOLIDATION SMC SETUP 🏛️ INSTITUTIONAL PRE-BELL ORDER FLOW • Spot: 157.594 | ⚪ CONSOLIDATION • Valuation: NEUTRAL • Dealing Range: 156.072 ➔ 158.950 • Refined Demand (+OB): 157.000 – 157.090 • Overhead Supply (-OB): 158.143 – 158.164 • Buy-Side Liquidity (PDH): 158.101 [UNTOUCHED] • Sell-Side Liquidity (PDL): 157.608 [SWEPT] • Imbalance (50% CE): Balanced tape Full algorithmic levels & execution rules on chart card. #SmartMoneyConcepts #Trading #PriceAction #OrderFlow

Nice break lower from $USDJPY on the lower time frame charts, but I don't think it is drawing enough sustainable motivation. We have some risk off pulling all Yen crosses lower, but major US indices aren't turning critical. No intervention and rate factors still ahead.