USD/YEN Update 13 November 2025

Higher despite DXY.

USD/YEN breaks over 154.50 even as DXY is falling shows that it’s a YEN problem. We’re looking to exit our trade at 160+ i.e. at the top of the trend channel.

We’ve pulled our stop up to below 152.80, as we reach the final chapter of the book.

MoF and BoJ will be in at 160 for sure, and even though that’s not necessarily a reason to exit, we think that at that point price would be very extended. This move started at 140.00.