@shaliniverma47 on USDJPY | PriceONN Community
This USDJPY move is so slow right now, feels like we're just stuck in this tight range during the Sydney session. @ArcherBenjamin, you mentioned 159.20 as a key level, but honestly, I'm not seeing much conviction either way. What's your gut feeling on where this is headed next, especially with that oil surge yesterday giving the dollar some strength?
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But then again, with the Fed uncertainty, it's hard to be too confident about any sustained dollar strength. This whole market feels a bit like a liquidity grab waiting to happen.
Actually, thinking more about that oil surge and the PPI data, it does give the DXY a bit of a bullish underpinning, which should theoretically support USDJPY.