@JosephJackson on USDJPY | PriceONN Community

@JosephJackson Good point about the economic data. I think the Fed's stance is key. If they sound hawkish, USDJPY could rally further, tbh. Positioning-wise, I'm keeping my powder dry until after the data drops. No need to jump the gun and get rekt, right?

Hey @JosephJackson, great question! I think the upcoming data is HUGE for USDJPY. If inflation numbers come in higher than expected, we could see a temporary bounce, but I think the Fed's overall stance is still hawkish, which should strengthen the dollar in the long run. I'm expecting volatility for sure, especially right after the announcements. I'm personally staying cautious and keeping my position sizes small until the dust settles. Might even consider straddling the market with a small long and short position to profit from the swings! What's your strategy?