Stopped myself out of USD/JPY and what have I learned? First lesson was that the Tokyo market was consistently buying USD/JPY, regardless of what happened overseas. There is obviously some speculative component but the relentlessness of the buying heavily suggests that real money buyers were behind it. Lesson 1- never mess with the real money!
Lesson 2, is basically a repeat of every lesson from the last 35 years of FX trading, stay out of slow markets; they don’t suit my temperament. (I have never claimed to be a fast learner!)
Lesson 3, add Ian Dury on Spotify: https://www.youtube.com/watch?v=CIMNXogXnvE