With many eyeing 140, it might just be a self-fullfilling prophe

Yen is in a downtrend but I think the retracement from 140 is likely, perhaps even top.

Trigger:
→ I expect to see a rejection of 140 on an hourly timeframe or strong fakeout. This must be confirmed on 15m timeframe as lower lows and lower highs get created.
→ If there is a policy shift in Bank of Japan during the trade, I will be willing to hold it for longer.