Analysis

USDJPY 158.165 ↑0.01%: Bulls & Bears in a tug-of-war · 4H 08:00 Oct 22, 2026

·
Candle close
Price and energy
Open 158.102 · High 158.254 · Low 158.076 · Close 158.165 · Range (high − low) 0.178
USDJPY closed at 158.165, up 0.019 (+0.01%) from 158.146.
Bull–Bear energy behind the price: the market moved from the Neutral zone at -18.5% to Neutral at -17.2%, up 1.3 points.
Third straight up candle, price and energy are moving up together.
Price and energy · last 4 candles
Price157.895158.081158.146158.165
Energy-53.6%-35.9%-18.5%-17.2%
Price change↓ 0.16%↑ 0.12%↑ 0.04%↑ 0.01%
Energy change↓ 41.4↑ 17.7↑ 17.4↑ 1.3
Volatility trend chart · last 4 sessions
↓ 0.16%↑ 0.12%↑ 0.04%↑ 0.01%↓ 41.4↑ 17.7↑ 17.4↑ 1.3
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price up 0.01% — higher than 8% of past rises
0%255075100%
Energy up 1.3 pts — higher than 7% of past rises
Knowledge

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

RESEARCH

Trend of Neutral USDJPY 4H

Sample: 18,368 4H candles from 2014-12-31 to 2026-10-21
Number of Neutral occurrences: 1,538 times

▸When USDJPY is in Neutral:

  • then USDJPY moved to higher Market State: 849 times — 55.2%
  • then USDJPY moved to lower Market State: 689 times — 44.8%

▸Current USDJPY market energy: -17.18%

  • Distance to upper bound of Neutral (at 20.88%): 38.06%
  • Distance to lower bound of Neutral (at -20.88%): 3.7%

"Why does archaeology matter?" — 2AITRADING

USDJPY · H4 · 2026-10-21 21:00 UTC
Preview the last 30 candles — price and energy
View live USDJPY chart →
Market Energy
-18.5%
Neutral
-17.2%
Neutral
-66.1%
Bear Critical
Zone
-20.88 – 20.88
Bias
Balanced
Explanation

Following the completion of the 4H candle, USDJPY reflects the balanced Bull/Bear state.

Per the 2AI model, Market Energy rose +1.3% this candle, currently -17.2% (previous candle -18.5%).

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 -64 to 94.3.

Frequently asked questions

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

When the 4H candle closed at 08:00 on 22-10-2026, USDJPY was at 158.165, up 0.01% from the previous candle (158.146). Market Energy was -17.2%, up 1.3 points from -18.5%, 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 158.165, up 0.01% from the previous 4H candle (158.146). This rise is larger than 8% of past rises on the 4H timeframe for USDJPY, across 12,157 candles since 2019.

How did USDJPY Market Energy change from the previous candle?

Market Energy rose 1.3 percentage points from the previous candle — from -18.5% to -17.2%. This rise is larger than 7% of past rises on the 4H timeframe for USDJPY.

Do USDJPY price and energy agree?

Yes. This candle recorded price moving up in the same direction as energy. This describes the candle that just closed; it does not say where price goes next.

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

The previous 4H candle had USDJPY at -18.5%, Neutral — this candle kept the same state, no zone change.

Where does USDJPY energy sit within the Neutral zone?

At -17.2%, USDJPY is 38.06 points from the upper boundary of Neutral (20.88%) and 3.7 points from the lower boundary (-20.88%) — so energy sits closer to the lower 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 Critical with energy 60.8%; GER40 (European equities) in Bull Bias with energy 32.5%. Against this backdrop, USDJPY (Neutral, -17.2%) lower than SPX500, GER40.

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 Bias with Market Energy -25.1%. USDJPY energy is currently above DXY by 7.9 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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