USD/JPY at 154: why we're not shorting it yet
Everyone's calling top. The desk is sitting on its hands. Here's the carry math, the BoJ stance, and the level we'll actually pull the trigger at — with a chart and a stop.
Read archived article ↗Historical articles from the previous Equilon FX website. Author credits, views and trade claims belong to their original publication; this is not the current format of the project.
Showing all 16 articles
Everyone's calling top. The desk is sitting on its hands. Here's the carry math, the BoJ stance, and the level we'll actually pull the trigger at — with a chart and a stop.
Read archived article ↗Long from 0.6612 with stop at 0.6585 and target 0.6680. Why this level matters and why the timing is now.
Read archived article ↗Why the headline didn't matter and the wage print did. What it means for DXY into next week.
Read archived article ↗One entry, one exit, one screenshot. The week's only call and why we passed on three others.
Read archived article ↗Same fade, third time this month. Why mean reversion still works on this pair when the macro is balanced.
Read archived article ↗Lost 1R on a setup we shouldn't have taken. Earlier article archive entry, the rule we're adding, and the screenshot.
Read archived article ↗Same level, third visit. Why we're still willing to fade it — and what would make us walk away.
Read archived article ↗It's not USD/JPY everyone keeps watching. The real flows are in CAD and CHF — and the structure is telling.
Read archived article ↗The trades, the misses, and the math. Plus what we got wrong on the macro read.
Read archived article ↗The Aussie's smaller cousin is flagging a reversal. Here's the level, the trigger, and why we're patient.
Read archived article ↗When the SNB is on the bid in CHF, you're not fighting them. You're trading with them. Here's how that's playing out.
Read archived article ↗A clean setup, missed because of process. The lesson isn't "trade more" — it's tighter than that.
Read archived article ↗Slow month, narrow ranges, lots of false starts. The trade we took, the three we passed on, and the math.
Read archived article ↗The dollar index is sitting on the most-watched level in FX. Here's what each side of the break means for G10 majors.
Read archived article ↗Carry was dead last year. Three weeks into 2026 it's the trade that's working. Here's why, and what it means for the desk's playbook.
Read archived article ↗Year-ahead is mostly a vanity exercise. But the regime we're walking into is unusually clear. Here's what the desk is positioned around for the next three months.
Read archived article ↗Read the publication for macro context and explanations of market mechanics.
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