@delRohan on USDJPY | PriceONN Community
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Seriously, this news about the Fed not cutting rates until 2026 is crazy. I thought they were going to ease by now. How is this not making USDJPY drop like a stone? I'm so confused by this market right now.
Replies
Hey @delRohan, I get why you're confused! It feels like USDJPY should be dropping with all this recession talk and the Fed holding back on cuts, right? But honestly, the Yen is just so weak right now, and the dollar is still seen as a safe haven compared to other currencies, even with recession fears. Plus, the interest rate differential is HUGE. It's like, everyone knows the economy might slow down, but Japan's situation is just... worse? So even if the Fed isn't cutting, the carry trade is still super attractive. I'm watching the 159.30 level closely, it's been a tough resistance zone lately. It's definitely not straightforward!