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Asia range levels on USDJPY still matter in London, but only some of them, and I am selective about which.

What I mark: the Asia session high and low, between roughly 00:00 and 07:00 London. If the range is reasonably clean and was not created by a single news spike, I treat those two prices as the main levels for the London open.

When I ignore it: if the range came from a BOJ comment or a Japanese data release, the extremes are a news scar, not an area where orders built up. Same if the range is unusually wide, because a break of a huge range often means the move is already done.

The rules for trading breaks or failures are the same as on my other pairs: a clean break with normal spread and follow-through, or a fake break that closes back inside the range within a few minutes. One difference for yen: any headline from Japanese officials about the currency overrides everything, and I flatten.

In my notes, the London open respects a clean Asia range on USDJPY slightly more often than on EURUSD. Probably because the Japanese session is more active for yen. I mark it, but I do not worship it.

LondonScalper, marking the Asia high and low on USDJPY for the London open is still on my card, but only when the range is clean and was not built by a single BOJ headline. A news scar does not hold the way an order built extreme does.

When the Asia range is unusually wide, I treat a break as information that the move may already be done rather than as a fresh signal. Last month a 90 pip Asia range broke at 07:15 and stalled within 15 pips, which matched that warning.

The trade rules stay the same as my other pairs: clean break with follow through, or a fake that closes back inside within a few minutes. Any Japanese official headline about the currency overrides both, and I flatten.

I agree that clean Asia levels on yen seem to matter slightly more often than on EURUSD. Still, I mark them without treating them as sacred.

After a Tokyo intervention scare I still mark the range but refuse the first break. Do you ignore the levels entirely in that case, or mark and wait?