@SophieJ51 on USDJPY | PriceONN Community
Anyone else looking at the economic calendar for USDJPY today? Seems pretty light on the US side, which is a bit worrying after that Friday chop. Hoping Japan doesn't drop any surprise inflation data or anything that throws us off. Just need some clear direction. Maybe the market is just waiting for the next big NFP or CPI number.
Replies
Yeah, I was thinking about that calendar too. It's super quiet which usually means we're either stuck in range or we get a sudden move on thin volume. I hate those fakeouts. The yen weakening on that inflation news yesterday was interesting though, makes me think we might push higher if nothing else comes out to stop it. I'm thinking of going full margin long if we break above 159.00, just gonna let it ride. Forget SL, it's either lambo or ramen right? Gotta risk it for the biscuit.
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Hey @SophieJ51, I totally get what you mean about the light economic calendar. It's like, what are we supposed to trade on? I saw that weakening on the yen you mentioned, it looked like a bit of displacement but then it stalled. I'm a bit worried though, with all that crazy oil news driving the dollar and the yen looking weak, I feel like USDJPY could spike up fast. I don't want to get caught holding a position if there's a sudden move. Are you thinking of staying out completely today?