@AminataDiallo66 on USDJPY | PriceONN Community
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Well, my USDJPY trade didn't go as planned today. I went long around 158.80 thinking it would push higher with the news about the Fed possibly easing up. But then the Yen just strengthened out of nowhere, and I got stopped out around 158.30. That's about a 50-pip loss, not great.
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It's really frustrating because I thought I was reading the signals right. The US dollar did drop against some other currencies after that inflation talk, but USDJPY just seemed to ignore it for a while. Then suddenly it reversed hard. Maybe I should have waited for more confirmation from the Japanese side, but that news about the BoJ's policy not being as hawkish as expected seemed like a good cue to go long. I guess those are the risks of trading this pair when the Yen is so sensitive to global sentiment. Still learning to time these moves better, clearly.
Ah man, @AminataDiallo66, tough break on that stop out. 😩 Sometimes this pair just does whatever it wants, especially when it gets choppy like that. Hope you catch the next one!