USDJPY: Three months erased in a few hours U.S. Dollar / Japanese YenFOREXCOM:USDJPYPsyduckTraderUSDJPY: Three months erased in a few hours 🦆 Panic Quack USDJPY collapsed from 163.99 to 157.96, erasing nearly three months of yen weakness within hours. Reuters reported that analysts suspect an official Japanese intervention, although Japanese authorities have not confirmed it yet. The pair has already rebounded off the low and is now trading near 161.00–161.30, down about 1.4% on the day — the panic phase has cooled, but the yen remains firmly stronger than its pre-move levels. 🇯🇵 This was not a complete surprise Last month, Japanese Finance Minister Satsuki Katayama discussed global financial markets with US Treasury Secretary Scott Bessent amid concerns over the yen's collapse. An extremely weak yen makes Japanese products cheaper and reduces the relative competitiveness of American exports. This does not prove US involvement in today's move, but it adds an important political dimension. The intervention also arrived just before the Bank of Japan's policy decision on 31 July — and speculation is building that Governor Ueda may signal a reduction in JGB purchases or a further hawkish shift, adding fuel to the yen's move independent of the intervention question. 📊 Duck's Plan 📉 Failure below 159.80–160.00 keeps pressure on USDJPY. 💥 A break below 157.96 could extend the liquidation. 📈 The recovery scenario is now live: price has reclaimed 160.00 and is testing 161.30–161.50 — a sustained hold above this zone would confirm buyers are back in control. ⚠️ Further intervention waves may appear without warning, especially ahead of tomorrow's BoJ decision. 🦆 Three months of carry confidence disappeared in a few hours of panic — now the market is asking whether the bounce is stabilization or the start of a real recovery. Personal market analysis, not financial advice.