๐๐๐/๐๐๐ ๐๐๐๐ค๐ฅ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ | ๐๐๐ญ๐จ๐๐๐ซ ๐โUS Dollar vs Japanese YenPEPPERSTONE:USDJPYShaboS๐๐๐/๐๐๐ ๐๐๐๐ค๐ฅ๐ฒ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ | ๐๐๐ญ๐จ๐๐๐ซ ๐โ๐, ๐๐๐๐ USD/JPY is currently **somewhere in the middle of nowhere**. Price is essentially trapped between **bullish and bearish PD Arrays**, with no clear reaction zone in sight. There is another factor to consider: **Japanese intervention risk**. Japanโs Ministry of Finance is responsible for FX intervention, while the Bank of Japan executes the intervention on its behalf. In the summer, Japan conducted a record intervention to support the yen after USD/JPY reached 40-year highs. Since then, Japanese officials have continued to signal that excessive yen moves remain a concern. However, according to the latest official data, **no intervention took place between August 27 and September 28**. This makes USD/JPY a particularly difficult pair to trade at the moment. Intervention risk can create sudden and aggressive moves that are difficult to anticipate technically. ๐๐จ๐ฐ ๐ฅ๐๐ญโ๐ฌ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐ญ๐ก๐ ๐๐ก๐๐ซ๐ญ. The chart is not telling us much right now. Price is close to the **Equilibrium of the latest price swing**, which puts us right in the middle of the range. For me, this means: **Feet still.** I want to see which **PD Array is reached first** and, more importantly, whether price shows a reaction there. If we get a confirmed reaction, the opposing PD Array becomes the potential target. ๐ ๐จ๐ซ ๐ง๐จ๐ฐ: ๐ฐ๐๐ข๐ญ ๐๐ง๐ ๐ฅ๐๐ญ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฌ๐ก๐จ๐ฐ ๐ฎ๐ฌ ๐ญ๐ก๐ ๐๐ข๐ซ๐๐๐ญ๐ข๐จ๐ง. ๐๐ ๐ฐ๐ข๐ฅ๐ฅ ๐ฌ๐๐. #USDJPY #Forex #ICTTrading #Liquidity #PDArray #PriceAction #Trading ๐๐ข๐ฌ๐๐ฅ๐๐ข๐ฆ๐๐ซ: This post is for educational and informational purposes only and does not constitute financial advice. Trading CFDs involves a high risk of loss. You may lose your invested capital.