The 150 region on the USDJPY has seen intervention from Japan’s Ministry of Finance in the recent past. Remember that the move higher in US yields, recently supported by a strong US retail sales print, also supports the dollar yen. With the dollar yen pair sitting around this 150 region there is a definite vulnerability for selling 

In the USDJPY as the Bank of Japan does not want to see the USDJPY rise too high as it makes it costly for its domestic importers 

Therefore the seasonal bias for the dollar yen is particularly interesting right now. With an average fall of 0.61% over the last 23 years, and the USDJPY falling 60% of the time watch out for sudden USDJPY selling 

Major Trade Risks: 
The major trade risks here is if US yields keep rising and the BoJ let the USDJPY pair rise above the 150 level 

Remember don’t just trade it, Seasonax it!