USD JPY [ChArt]

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USD JPY [ChArt]US Dollar vs Japanese YenPEPPERSTONE:USDJPYWeedPuffs//ChArt for fun using the advanced Tradingview polyline tool Rare USDJPY price patterns. After yesterday's commotion regarding a BOJ intervention in the FX market it seems we might get a glimpse of the: PIKACHU TAIL price pattern - characterized by a longer period of consolidation followed by a bit of carry trade unwinding just to assess the intervention impact. As seen on the chart, price might go down 1-2 support levels and have a bit of an erratic movement. or RAICHU Tail price pattern - something we all now Pikachus evolve into. This has been seen in Spring 2024. The pattern appears to have an abrupt and long pre-tail followed by a slightly longer period of uncertainty and repositioning. The end of the tail looks rather... divergent. News say current intervention is $ 34.5 billions. Pikachu is in shock. Traders want the pips and have their pokeballs ready to catch'em all. Use StopLoss! Don't let them catch you! GL HF!