2026/07/24 USD/JPY Trade Strategy

Today's USD/JPY call: Buy.

Price has broken above the high and is now sitting on the next landing.
Line B, which is acting as support right now, is the 163.7 line I wrote as a provisional target yesterday.
It’s a line with a fair amount of basis behind it, so for now I’m expecting line B to hold as support.

There was a good timing to take a position around 11:30 am JST (02:30 UTC), but from here I’m waiting for a short-term pullback to go long.
While keeping an eye out for comments from the Finance Minister…

Review

It was a range.

There was no setup that particularly made me want to buy, so that’s it for the day.