USDJPYドル円は159.70のコールの売りに阻まれて動かない Translation: USDJPY stays unmoved, blocked by the sells of the 159.70 call.

Hello, I’m Neko Keeper from Trade Idea Lab.

The USD/JPY moved from a phase-2 sideways range into aweak downward channel.

Currently, it appears to have just slightly broken above that channel.

But perhaps no one recognizes it as such,

don’t you think the movement is sluggish?


 

That’s because at 159.70 there is selling of calls

(in other words, people who want it to fall, people who don’t want it to rise)

in large numbers.

This is due to the long period of sideways movement,

and the desire to allocate the upside gains to put options as hedges against intervention or a crash

.

That, too, will end someday.

Until it hits the daily bollinger band (+2σ),
the BOJ is not expected to intervene,

so the effectiveness of the options will expire,
or a war may restart,

and we may wait for some trigger

to suddenly rise.

How high will it rise?

There is a possibility it could head toward the 161-yen and even 162-yen options.

We should also monitor the futures while aiming for a move.

For that,TradingView’s

alertsare effective to set up.

We can’t monitor charts all the time, after all☺️

Well then?