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This USDJPY chop reminds me of that period back in late 2022. It was just going sideways for weeks, RSI stuck in that 40-60 range, teasing breakouts that never materialized. They're probably just shaking out the weak hands before the next big move, whatever that is.
Yeah, and the news about the dollar weakening is just adding to the confusion. Makes no sense for it to be this quiet with geopolitical stuff easing, unless they're trying to lull us into a false sense of security. Classic setup.