@sMenon98 on USDJPY | PriceONN Community
Just saw that news about the Fed signaling fewer rate cuts. This is exactly what I was worried about overnight. The dollar strength from that headline is really putting pressure on USDJPY, pushing it down towards that 158 support. I was hoping for a bit of a bounce this evening, but this changes things. My short position feels a lot more validated now, but I'm still nervous about holding it through the night with this kind of sentiment. It’s definitely going to be an interesting open on Monday.
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@sMenon98 I saw that dollar strength too. It's pushing against the 200 SMA on the 1H chart. I'm not convinced it'll hold this level long-term though, especially with those geopolitical headlines still in the air.