2026/06/02 USD/JPY Trade Strategy
Today's USD/JPY call: Buy.
It’s been grinding higher, but it isn’t forming many clear waves, so it’s hard to trade.
I think it’s fine to look at other currencies until a good setup forms.
There isn’t much on the sell side, but if it breaks below the blue line at C, it’s a sell.
The current range has a gap below it, so depending on how it shapes up, I’ll stay out and let the B to C zone pass.
Review
No trade.
The price didn’t form clean waves. USD/JPY has been moving unnaturally the whole time due to intervention risk.
Around circle ①, there are signs of a break above the range high, so I think it’s worth taking the risk.
If you trade breakout entries, you could get in at circle ②.
My entry rules are about catching pullbacks and retracements, so I won’t go into detail, but circle ② has a tight stop distance, so I think it’s fine to go for it as an exception.
This article reflects the author's personal view of the market. It does not recommend any specific trade; all investment decisions are your own responsibility.
