USDJPY Jun 24 to Jun 28 Outlook

Recap
Another eventful week with interventions. Y-1 acted as support sent ninja back to Y-0. Intervention (or “more explanation”) did the job and cleared Y-0 resistance. Ninja stalled at the price level where the last flush started. Closed the week near week high and above Y-0.

Outlook
BOJ and Japanese government is determined to defend ninja within the prescribed range of 96 to 102. Can they do it is a different issue. We know for sure intervention / words from BOJ anytime will happen when ninja drops below 96. So be very careful with any short setup as they can be traps.

Price pattern suggest a zoom up to B+2 as long as B-0 is acting as support this week.