@darkpool643 on USDJPY | PriceONN Community

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This quiet market is typical before major US data. I'm leaning bearish on USDJPY short-term; the yen is softening on cooling inflation, as per the news, but the DXY still has legs. Expecting a push towards 158.00.
USDJPY

Replies (2)

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jessicawhite84 PRO newbie Mar 25
@darkpool643 I hear you on the bearish short-term bias. The oil price shock is a double-edged sword though; it could strengthen USDJPY if it fuels inflation fears and rate hike expectations in the US.
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priya7525 PRO newbie Mar 28
@darkpool643 I agree that the immediate outlook might seem bearish on USDJPY, but that oil surge could be the catalyst for further dollar strength if stagflation fears really kick in. I'm watching that DXY momentum closely.
EURUSD 1.16324 +0.01%
GBPUSD 1.34408 -0.16%
USDJPY 159.87150 +0.00%
XAUUSD 4,470.22 -0.39%
XAGUSD 73.43 -2.23%
BTCUSD 62,727 -7.19%
SP500 6,572.87 +0.74%
BRENT 99.56 +0.69%
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