Carry Trade – Weekly Analysis

Friday added another layer to the story. There was no confirmed direct intervention, but renewed verbal intervention and persistent intervention risk were enough to keep traders on edge, especially after recent rate checks and repeated warnings from Japanese authorities. That makes the current setup particularly interesting. USD/JPY may still be following its technical roadmap, but every move higher now comes with the growing possibility that policymakers try to interrupt it—whether through words first or something more forceful later. In this Carry Trade Weekly, we take a fresh look at USD/JPY across multiple timeframes—examining the latest candlestick signals, momentum shifts, critical support and resistance levels, and the Elliott Wave structures guiding both the short- and long-term outlook. The question is whether the pair simply continues grinding higher, or whether the next push finally triggers a yen response strong enough to disturb a carry trade that has remained remarkably resilient. CANDLES Following…