Analysis

USDJPY 156.389 ↓0.27%: Bears very strong · 4H 20:00 Oct 23, 2026

·
Candle close
Price and energy
Open 156.81 · High 156.962 · Low 156.315 · Close 156.389 · Range (high − low) 0.647
USDJPY closed at 156.389, down 0.421 (-0.27%) from 156.81.
Bull–Bear energy behind the price: the market moved from the Bear Bias zone at -43.5% to Bear Critical at -69.0%, down 25.5 points.
Second straight down candle, price and energy are moving down together.
Price and energy · last 4 candles
Price156.497156.977156.81156.389
Energy-82.8%-51.6%-43.5%-69.0%
Price change↓ 0.18%↑ 0.31%↓ 0.11%↓ 0.27%
Energy change↑ 0.4↑ 31.3↑ 8.0↓ 25.5
Volatility trend chart · last 4 sessions
↓ 0.18%↑ 0.31%↓ 0.11%↓ 0.27%↑ 0.4↑ 31.3↑ 8.0↓ 25.5
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.27% — higher than 84% of past drops
0%255075100%
Energy down 25.5 pts — higher than 78% of past drops
Knowledge

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

RESEARCH

Trend of Bear Critical USDJPY 4H

Sample: 18,374 4H candles from 2014-12-31 to 2026-10-22
Number of Bear Critical occurrences: 827 times

▸When USDJPY is in Bear Critical:

  • then USDJPY moved to higher Market State: 592 times — 71.6%
  • then USDJPY moved to lower Market State: 235 times — 28.4%

▸Current USDJPY market energy: -69.02%

  • Distance to upper bound of Bear Critical (at -60%): 9.02%
  • Distance to lower bound of Bear Critical (at -74.5%): 5.48%

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

USDJPY · H4 · 2026-10-23 09:00 UTC
Preview the last 30 candles — price and energy
View live USDJPY chart →
Market Energy
-43.5%
Bear Bias
-69.0%
Bear Critical
Expected at
00:10
Zone
-74.5 – -60
Bias
Sellers in control
Explanation

Observing the completed 4H candle, Market USDJPY in the near-extreme Bear energy state.

Market trend update: Market Energy dropped -25.5% from the previous candle, from -43.5% to -69%.

Time in Bear Critical 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 20:00 on 23-10-2026, USDJPY was at 156.389, down 0.27% from the previous candle (156.81). Market Energy was -69%, down 25.5 points from -43.5%, in the Bear Critical state — controlled by sellers. The Bear Critical zone spans -74.5% to -60%.

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

USDJPY closed at 156.389, down 0.27% from the previous 4H candle (156.81). This drop is larger than 84% of past drops on the 4H timeframe for USDJPY, across 12,166 candles since 2019.

How did USDJPY Market Energy change from the previous candle?

Market Energy fell 25.5 percentage points from the previous candle — from -43.5% to -69%. This drop is larger than 78% of past drops on the 4H timeframe for USDJPY.

Do USDJPY price and energy agree?

Yes. This candle recorded price moving down 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 -43.5%, Bear Bias — when this candle closed, USDJPY moved down to a lower zone: Bear Bias → Bear Critical.

Where does USDJPY energy sit within the Bear Critical zone?

At -69%, USDJPY is 9.02 points from the upper boundary of Bear Critical (-60%) and 5.48 points from the lower boundary (-74.5%) — so energy sits closer to the lower boundary at candle close.

What does Bear Critical mean?

Bear Critical 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 Critical 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 -57.1%; GER40 (European equities) in Bear Extreme with energy -98.9%. Against this backdrop, USDJPY (Bear Critical, -69%) 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 Bull Bias with Market Energy 57.3%. USDJPY (Bear Critical) 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 →

To jump to a symbol you're interested in, click .