On the verge of breaking down momentum and shifting risk to the upside..

For that to occur, a firm break of 1.4068 would be needed.

AUDJPY was a victim of BoJ intervention, not directly but indirectly via unwinding of cross (i.e. carry trade) positions.

The rebound in USDJPY has seen a similar move in AUDJPY, which in turn has seen AUDUSD regain ,7000 but remains below resistance at ..7050.

Stuck again within 4020-83, a range that is too tight to last for too long.

Looking at the range as 4000-4100 with key levels outside of it (3996 and 4120), expect more chop, limited follow through trading until either side is broken.

Pause above the key 155.02 target (low 155.22) has seen a pause and talk that the low isa in unless the BoJ goes on a massive attack. AT shows the level that would need to be broken to confirm the low is in ius stilkl a distant 160.53. The farther USDJPY moves from 155, the louder talk will be that a low is in.

In any case, the  rebound, although a sharp one,  is still well within the scope of a retracement with FIBO levels for 163.98-155.22 at: :

Holding off a test of 62K with around a double bottom keeps the current range to above 65k.

Within the range is still a down trendline that would need to be broken to put the upper end of it at risk.

Trend: Short-term up while above 27926

Momentum: Short-term up but so far capped

Trend: Short-term up while above 7491

Momentum: Short-term up

Trend  Down

Momentum Up but slowing

Technicals can mean little when the BoJ goes on the intervention attack and threatens more but worth noting is the pause above the major 155.02 target (low 155.22) has slowed the move.

With no obvious resistance on the upside given the freefall, one level to watch is the 200 day mva (157.93), which the BoJ will likely prefer to keep trade below it.

Trend: UP (but needs a break of 1.13558 to confirm)

Momentum: UP