USDJPY: Make haste slowlyU.S. Dollar / Japanese YenFOREXCOM:USDJPYYenSensei Japanese wisdom says: “Make haste slowly” — 急がば回れ. Sell a false breakout: Entry: 163.82–163.85 Stop Loss: 164.10 Take Profit 1: 163.60 Take Profit 2: 163.475 On the hourly chart, USDJPY is trading near 163.895, just below the 163.967–164.00 resistance zone. The structure remains bullish: price is above the moving averages, the 9 EMA is above the 20 EMA, and RSI is near 62 without reaching overbought territory. However, buying directly below 164 carries significant risk. The Bank of Japan’s core CPI remained unchanged at 2.7% year-on-year, matching the previous reading. This does not represent a fresh inflationary impulse, but underlying inflation remains above 2% and does not prevent the BoJ from maintaining a more hawkish stance. No consensus forecast was available. Selling without confirmation is not considered, as the technical trend remains bullish. Short setup invalidation: an hourly close above 164.05, followed by a successful retest of the 163.97–164.00 zone. In that case, a cautious long toward 164.319, followed by 164.50–164.60, may become possible, with a stop below 163.78. This area carries elevated intervention risk, as Japanese authorities have reiterated their readiness to take decisive action. Additional volatility may come from the Federal Reserve meeting on July 28–29 and the Bank of Japan meeting on July 30–31. Consider limiting risk to 0.25–0.5% per trade, as intervention headlines near 164 could cause sharp price swings and slippage. This material is intended for informational purposes only and does not constitute investment advice or a personalized investment recommendation.