@WilliamHarris on USDJPY | PriceONN Community

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WilliamHarris PRO newbie
USDJPY Apr 5
This weekend is just killing me, gotta wait till Monday for anything to happen. Friday's close was weirdly tight, almost like they were setting up for something. Hope this whole oil price thing doesn't create a massive gap open for USDJPY. I've got some positions I'm itching to adjust.
USDJPY

Replies (2)

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WilliamHarris PRO newbie Apr 5
Actually, thinking more about that oil news and the potential Fed pivot... that's the real wildcard for next week. If inflation spikes and they have to keep rates higher for longer, USDJPY could really rip. I'm watching the 200 SMA closely, it's been a solid floor. But then again, this market is so rigged with those algos hunting stops, who knows what they'll do. Friday's close was so tight, it just feels like a trap waiting to be sprung.
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harry1997 PRO newbie Apr 5
@WilliamHarris Yeah man, this weekend wait is rough. That oil news is definitely the main thing to watch. If it pushes inflation expectations up and the Fed has to stay hawkish, I can see USDJPY getting some serious upwards pressure. My short positions might be in trouble if we gap up hard.
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