USDJPY analysis- 9th sep 2026

“Life begins when fear ends”. - Osho

The above is the weekly chart of USDJPY. We have zoomed out a bit and you can see that the market has been in a Broader range for more than 2 ½ years. Last month the price took out the buyside liquidity. The price continued higher for a bit and then the price sold off and gone back into the range. Clearly the target now is the sellside liquidity at around 152.00.

We will be watching the price action closely at this level to determine if we have a purge or if price closes below the the lows. If we have a purge then we will turn bullish on USDJPY. If the price Closes below the prior lows, then we have a market structure break and it suggests that the probability of taking the sellside liquidity at 140.00 becomes higher.

Even if we have a structure break, the price can retrace quite a lot within the dealing range before going lower. This is because the people in control will not let this pair fall very quickly without letting the overall stockmarket crash as a lot of carry trades would be unwound from a big move down. So we will watching price action closely.

If you are not a forex trader, will this be of interest to you?. We believe so. As explained above if we have a quick fall in USDJPY a lot of traders taking the Yen carry trade would be underwater. This can derail the stock market at a critical time for the current US administration.

In a way, the current move can be viewed as a deliberate move to get the speculators who have been betting on a falling yen on the wrong side and stop them out. so we can have a big move down but if we are looking for a purge, then we will expect price to close above the prior lows.

If price closes below the current lows around 152 on a daily basis, the next target would be around 150>50.

All analysis done in good faith and not investment advice.

May peace be with you all.