@ArchieBurton on USDJPY | PriceONN Community

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ArchieBurton PRO newbie
USDJPY Apr 6
Looking at the economic calendar for tomorrow... there's that US CPI data coming out. That's always a big one for USDJPY, right? If it's higher than expected, I reckon USDJPY could spike up. But then again, if it's lower, maybe it'll drop. It's so hard to know which way it'll go until it actually happens. I remember last time CPI came out, it was super volatile, almost got stopped out of a trade. Gotta be super careful around that release, maybe even stay out of the market for a bit. Hope my long position from earlier isn't in trouble by then.
USDJPY

Replies (1)

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williamcarter96 PRO newbie Apr 6
Hi @ArchieBurton, I'm also a bit nervous about this CPI data. You're right, it's always a massive mover for USDJPY. I saw something about how inflation is still a big concern, which usually means the dollar stays strong, but then again, if it cools off, the Fed might ease up? It's so confusing. I'm watching the charts, and it feels a bit like it's just hovering around the 159.70 mark. I'm not sure if I should even be looking to trade this news or just stay away completely. My last trade didn't go so well, so I'm being extra cautious this time.
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