A New USDJPY Update From the Savvy Trader

Latest from ther= Savvy Trader: USDJPY Update and Outlook

Since calling the top in USDJPY AT 160-162, I have been posting updates from one of Global-View’s long time and highly respected members who I nicknamed the “Savvy Trader.”

Scroll below and you will see highlights from and links to blog posts with updates from the Savvy Trader.

Srroll to the bottom and you will see his latest USDJPY update and trading strategy.

A Bold Prediction for USDJPY – Posted May 4, 2024.

And then came a timely alert

Having seen my post, he sent me the following, which I posted on the Forex Forum prior to the BoJ intervening:
April 28, 2024 at 8:06 AM

USDJPY

I just got an email from the savvy trader I mentioned earlier with the following

I would suggest that the current climb will get sticky from 157 onwards

Re intervention he said

They likely will shoot across the bows 157 but the battleship will come out at 160 162 I don’t believe they have decided on an exact level just yet but yes intervention likely initially by MoF then the pension fund and finally boj hence why I say sticky from 157 up

An Update From the Savvy Trader – Posted August 12, 2024

From the savvy trader:

My current orders are scale

Sell 148.40 / 149.20 for swing/position trade with a potential tgt as low as 132-128 – this to be reviewed on an on going basis that when closer I shall tighten up more exact points

The Latest USDJPY Update From the Savvy Trader – Posted August 19, 2024

I continue to look at the 128-132 level to cover everything…

…This is key and the key. The most important word written is campaign. For those late to the party because they did not believe in the power of the 162 level I mentioned to you many many months ago it is not too late.

…There remains far too many trapped longs off side above who have little realization of what is happening. The trade remains UsdJpy not EurUsd.