The USDJPY is well known by its unique features. This is a very good indication of market risks. The pair is usually forming a strong directional movement for a long period. But, once it is formed the upside or a downside movement could be massive and ruthless.

And this could be the moment of a bold move for the pair as it has charting a Diamond Pattern on the chart. It may took another 2-3 week for the pattern to be completed. Then it could make a robust move to the either side. The rise to the 155.50 target could be quite positive for the stock market, while the drop to 127.00 would mean serious troubles for stocks.