$USDJPY | Buy Trade | Market Exec |

Technical Confluences:
- Price has been trying to consolidate at these prices
- Prices have bounced off the Interest Zone but will face Resistance Trendlines and interest zones above

Fundamental Confluences:
- Similarly, like the earlier USDCHF post
- Market seems to have overdone their expectation of many rate cuts and based on how FED normally reacts, they are more reactive than pre-emptive.
- In that sense, the Jackson Hole event this Friday may disappoint markets if Powell sticks to his affirmation that Sept cut is highly likely but any other cuts will remain data-dependent (If I'm wrong, then we will cut it if it breaks the 2024 low)

-----

Taking on a short punt on the USDJPY long trade before Jackson Hole event.

It will be a digital event trade. Make or break.

-----