Analysis

USDJPY 156.977 ↑0.31%: Bears have the edge · 4H 12:00 Oct 23, 2026

·
Candle close
Price and energy
Open 156.5 · High 157.124 · Low 156.234 · Close 156.977 · Range (high − low) 0.89
USDJPY closed at 156.977, up 0.48 (+0.31%) from 156.497.
Bull–Bear energy behind the price: the market moved from the Bear Extreme zone at -82.8% to Bear Bias at -51.6%, up 31.3 points.
Price and energy are moving up together.
Price and energy · last 4 candles
Price156.919156.776156.497156.977
Energy-76.5%-83.2%-82.8%-51.6%
Price change↓ 0.10%↓ 0.09%↓ 0.18%↑ 0.31%
Energy change↑ 10.3↓ 6.7↑ 0.4↑ 31.3
Volatility trend chart · last 4 sessions
↓ 0.10%↓ 0.09%↓ 0.18%↑ 0.31%↑ 10.3↓ 6.7↑ 0.4↑ 31.3
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price up 0.31% — higher than 90% of past rises
0%255075100%
Energy up 31.3 pts — higher than 83% of past rises
Knowledge

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

RESEARCH

Trend of Bear Bias USDJPY 4H

Sample: 18,370 4H candles from 2014-12-31 to 2026-10-22
Number of Bear Bias occurrences: 1,419 times

▸When USDJPY is in Bear Bias:

  • then USDJPY moved to higher Market State: 909 times — 64.1%
  • then USDJPY moved to lower Market State: 510 times — 35.9%

▸Current USDJPY market energy: -51.57%

  • Distance to upper bound of Bear Bias (at -20.88%): 30.69%
  • Distance to lower bound of Bear Bias (at -60%): 8.43%

"Why does archaeology matter?" — 2AITRADING

USDJPY · H4 · 2026-10-23 01:00 UTC
Preview the last 30 candles — price and energy
View live USDJPY chart →
Market Energy
-82.8%
Bear Extreme
-51.6%
Bear Bias
Expected at
16:10
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

Reading from the 4H candle, USDJPY in the energy state tilted toward Bear.

End-of-session update for 4H, Market Energy rose +31.3% this candle, currently -51.6% (previous candle -82.8%).

Time in Bear Bias energy zone: 1 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 -94.7 to 94.3.

Frequently asked questions

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

When the 4H candle closed at 12:00 on 23-10-2026, USDJPY was at 156.977, up 0.31% from the previous candle (156.497). Market Energy was -51.6%, up 31.3 points from -82.8%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.

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

USDJPY closed at 156.977, up 0.31% from the previous 4H candle (156.497). This rise is larger than 90% of past rises on the 4H timeframe for USDJPY, across 12,164 candles since 2019.

How did USDJPY Market Energy change from the previous candle?

Market Energy rose 31.3 percentage points from the previous candle — from -82.8% to -51.6%. This rise is larger than 83% of past rises on the 4H timeframe for USDJPY.

Do USDJPY price and energy agree?

Yes. On this candle price rose and energy rose — both moved the same way. 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 -82.8%, Bear Extreme — when this candle closed, USDJPY moved up to a higher zone: Bear Extreme → Bear Bias.

Where does USDJPY energy sit within the Bear Bias zone?

At -51.6%, USDJPY is 30.69 points from the upper boundary of Bear Bias (-20.88%) and 8.43 points from the lower boundary (-60%) — so energy sits closer to the lower boundary at candle close.

What does Bear Bias mean?

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

See the full Bear Bias 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 Bear Bias with energy -31.5%; GER40 (European equities) in Bear Extreme with energy -77.6%. Against this backdrop, USDJPY (Bear Bias, -51.6%) has higher energy than GER40; sits in the same state zone as 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 Bull Bias with Market Energy 26.1%. USDJPY (Bear Bias) and DXY currently sit on opposite sides.

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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