USDJPY Dec 22 to Dec 26 Outlook

Recap
Ninja chose to go lower at the beginning of the week and it dropped straight down to prior support and bounced. Breaking about the resistance down trend line on multiple timeframes led to a squeeze back to resistance Y-0. Closed the week near Y-0 and week high.

Outlook
The most unusual intervention in BOJ history as they openly intervene without hiding their actions first and announce after. They are either caught by surprise or they don’t care about the pretence anymore.

Holiday trading will likely bound ninja within 50% week range near the close.