Can't move!!

This week, there is a big event on Wednesday where the question is whether the U.S. economy is still strong. Depending on the result, it will be one of the two outcomes below.

① The value of the dollar will rise further (1 dollar = 161 yen)
If it becomes clear that the U.S. economy is strong and prices are rising, people around the world will think, "We had better hold dollars," and the dollar will be bought even more.

② The value of the dollar will fall a little (1 dollar = 158 yen)
Conversely, if the result shows that the U.S. economy might be weakening a bit, the dollar will be sold, and the value of the yen will recover a little.

⚡️ But the reasons it might suddenly drop sharply
Right now, Japan’s government and the Bank of Japan are anxious, saying, "If the yen loses even more value, it will be troublesome."
Therefore, if the dollar tries to go above 160 yen, it is very likely that Japan will secretly (or openly) buy a large amount of yen in the background and launch a selling strategy to forcibly push the dollar’s value down (currency intervention).

? To summarize…
The basic idea is that the dollar still seems strong (staying in the 160 yen range), but during Wednesday night (when the announcement is made) and at the moment when Japan's government intervenes, prices will swing up and down like a roller coaster, making it extremely dangerous!

That is the situation. Therefore, those trading forex now are watching the screen with more caution and nervousness than usual.