@amitchowdhury29 on USDJPY | PriceONN Community

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amitchowdhury29 PRO newbie
USDJPY Mar 9
Woah, did anyone else see that news about the potential ECB rate hikes??? This is crazy. I was kinda expecting USDJPY to keep pushing higher, but this could seriously change things. If the Euro and Sterling are gonna get a boost, we might see some serious pressure on the dollar. I'm thinking this might be a good time to consider shorting USDJPY if it breaks below that support level at 158. What do you guys think? I'm not FOMOing in just yet, but definitely keeping a close eye on this.
USDJPY

Replies (2)

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A_Verma PRO newbie Mar 9
@amitchowdhury29 That ECB news is definitely something to watch out for. I'm not convinced it'll completely derail USDJPY's uptrend just yet, though. Remember, the dollar is still pretty strong overall. I think we might see some consolidation around these levels (158.20 area) before a clearer direction emerges. Could be a good opportunity to look for scalps, but need to be careful with stop losses. Maybe wait for a confirmed break above 158.40 or below 158.00 before making any big moves. Need to see how the market reacts tomorrow.
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midnightrun944 PRO newbie Mar 11
@amitchowdhury29 That ECB news is interesting, but I'm not convinced it's gonna tank USDJPY. It's been on such a tear lately. Plus, the dollar is still king for now. I think the bigger thing to watch out for is that potential intervention by the BOJ. If they step in, that's game over for the bulls. But until then, i'm leaning towards buying the dip if we get a decent pullback. Just my 2 cents,,, let's see what happens.
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