Bearish Day · Open → Close Range Statistics

USD/JPY Bearish Range
Distribution

Comprehensive analysis of how far USD/JPY closes below the daily open on bearish sessions. Based on 5,418 bearish days spanning 24+ years.

Updated 07 Nov 2025 n = 5,418 24yr dataset
Sample
5,418
Bearish days analysed
Peak Zone
15.54%
10–100 pip range · most common
Avg Close Range
416.8
Average open → close pips
Cumulative
64.4%
Closes within 400 pips of open
Raw Data

Open–Close Range Distribution

Range (Pips)Days% of TotalDistributionRolling %

Rolling % = cumulative probability of closing at least that pip range on a bearish day.

Probability Curve

Open-Close Cumulative Distribution

77.5% of bearish days: close within 500 pips
90.6% of bearish days: close within 1100 pips
Frequency Chart

Close Range Distribution Histogram

5,418 bearish sessions

10–100 pip range dominates at 15.54% — prime net profit zone on bearish days.

Observations

Key Trading Insights

Strongest Net Movement

43% within 200 pips

The first 200 pips (0–10, 10–100, 100–200) account for 42.97% of closes, showing consistent net bearish follow-through.

Net Profit Median

64.4% beyond 400 pips

The close reaches or exceeds 400 pips on 64.4% of days — reliable threshold for daily profit taking.

Significant Big Days

6.74% >1500 pips

Large 6.74% of bearish days close more than 1500 pips lower — powerful one-way follow-through possible.

Final Target Coverage

90.6% within 1100 pips

Most bearish days close within 1100 pips of the open — effective final target range for swing shorts.

Profit Capture Framework

Trading Application — Open to Close

How to deploy net range data for end-of-day planning & profit targets on bearish USD/JPY sessions.

Conservative TP

Target 250–350 pips

Covers 54% to 64% of closes (54.78% at 300 pips). High probability zone.

Extended TP

Scale-out: 800–900 pips

~87% coverage (85.04% at 800 pips). Balance between trend extension and probability.

End-of-Day Close

Exit in 400–600 pip zone

Majority of closes concentrate; 64–77% probability. Let profits run with trailing stop.

Disclaimer: Past performance does not guarantee future results. Combine with technical/fundamental analysis.JPY correlation: risk-off / bond yields
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