USD JPY green light?

Very interesting revelation today that the BOJ didn't intervene in USD JPY during October. Considering the occasional large spike of JPY strength, most market participants were convinced it was intervention. (Perhaps it was large pre set sell orders around the 150 mark?) The question now is how high can USD JPY go before the BOJ gets uncomfortable and does actually intervene? With 150 seemingly breached with ease, the next best guess could be 155. But for now, JPY shorts remain my preferred trade of choice, especially on pullbacks.

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