USDJPY - Many Reasons to Short

So for one, the war with Israel-Hamas is intensifying which already caused Gold to blast off as a safe haven and stocks may begin to correct as which would naturally add strength to the Yen.

Plus as we saw the last time when Dollar Yen reached the 150 psychological resistance, there was a strong drop to the downside.

With that said, I believe scaling shorts here at these levels is fairly low risk as long as the positions are well spaced out. I would even consider reducing lot sizes and diversifying with multiple Yen crosses.

That's it - That's all
Trade Safe!