Analysis

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Candle close
Price and energy
USDJPY from 156.88 to 156.868, down 0.01%
Market Energy Neutral -2.4% to Neutral 0.4%, up 2.9 pts
Energy diverges from price
Price and energy change · last 4 candles
Price0.06%0.58%0.06%0.01%
Energy0.273.126.72.9
Volatility trend chart · last 4 sessions
0.06% 0.58% 0.06% 0.01% 0.2 73.1 26.7 2.9
priceenergy up · down
Volatility · vs history since 2019
Price down 0.01% — higher than 5% of past drops
0%255075100%
Energy up 2.9 pts — higher than 16% of past rises
RESEARCH

Trend of Neutral USDJPY 4H

Sample: 18,231 4H candles from 2014-12-31 to 2026-09-21
Number of Neutral occurrences: 1,519 times

When USDJPY is in Neutral:

  • then USDJPY moved to higher Market State: 838 times55.2%
  • then USDJPY moved to lower Market State: 681 times44.8%

Current USDJPY market energy: 0.4%

  • Distance to upper bound of Neutral (at 20.88%): 20.48%
  • Distance to lower bound of Neutral (at -20.88%): 21.28%

"To truly understand anything, study its history" — 2AITRADING

USDJPY · H4 · 2026-09-20 21:00 UTC
Preview the last 30 candles — price and energy
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Market Energy
-2.4%
Neutral
0.4%
Neutral
9.0%
Neutral
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

Right as the 4H candle closes, USDJPY noted at the Neutral energy state.

On the 2AiTrading energy system, Market Energy rose +2.9% from the previous session, from -2.4% to 0.4%.

Time in Neutral energy zone: 2 4H Candle

2AiTrading Market Energy Model

Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.

Market context
Historical perspective

Over the past 5 days, USDJPY Market Energy ranged from -2.4 to +97.4.

Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

Frequently asked questions

What did USDJPY price and energy show when this 4H candle closed?

When the 4H candle at 04:00 on 21-09-2026 closed, USDJPY was at 156.868, down 0.01% from the previous candle (156.88). Market Energy was 0.4%, up 2.9 points from -2.4%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.

How much did USDJPY price move on this 4H candle, and how large is that historically?

USDJPY closed at 156.868, down 0.01% from the previous 4H candle (156.88). This drop is larger than 5% of past drops on the 4H timeframe for USDJPY, across 12,019 candles since 2019.

How did USDJPY Market Energy change from the previous candle?

Market Energy rose 2.9 percentage points from the previous candle — from -2.4% to 0.4%. This rise is larger than 16% of past rises on the 4H timeframe for USDJPY.

Do USDJPY price and energy agree?

No. This candle recorded a price decline with energy moving the other way. This describes a closed candle, not a forecast of where price goes next.

What state was USDJPY in on the previous 4H candle?

The previous 4H candle had USDJPY at -2.4%, Neutral — this candle kept the same state, no zone change.

Where does USDJPY energy sit within the Neutral zone?

At 0.4%, USDJPY is 20.48 points from the upper boundary of Neutral (20.88%) and 21.28 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.

What does Neutral mean?

Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.

See the full Neutral definition →

How are the broader market indices trending?

Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bull Bias with energy 59.9%; GER40 (European equities) in Bear Bias with energy -55.2%. Against this backdrop, USDJPY (Neutral, 0.4%) has higher energy than GER40; lower than SPX500.

How is the US Dollar Index (DXY) trending?

Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Extreme with Market Energy -75.7%. USDJPY energy is currently above DXY by 76.1 points.

Real-time Energy Chart

See the real-time energy chart for USDJPY.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for USDJPY on the USDJPY overview →

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