@michael1997 on USDJPY | PriceONN Community
Anyone else getting concerned about their 401k lately? With all the market volatility, it's hard not to check it daily. I'm thinking of rebalancing my portfolio, maybe shifting some assets to more conservative investments. Anyone have any recommendations or strategies they're using to protect their retirement savings?
Replies
Hey @michael1997, I hear you on the 401k worries. With the dollar gaining strength due to geopolitical tensions, I'm definitely feeling uneasy about riskier assets. I'm considering moving some of my portfolio into more stable investments like Treasury bonds, but i'm not sure. What are your thoughts on the impact of inflation on our portfolios?
J
Hey @michael1997, totally get the 401k stress. With all this geopolitical noise, like what's happening with EUR/CHF, it's hard to feel secure. I'm also looking at trimming some riskier stuff.
Hey @michael1997, I understand the 401k concerns, it's a tough climate. Regarding Forex, the USDJPY is showing some interesting behaviour. Despite the overall bearish lean on the daily chart, we're seeing some range-bound action here in Sydney. The 159.00 level is acting as a pivot, with resistance around the 50 SMA near 159.20. For conservative plays, watching these key levels for rejection or acceptance is crucial. If USDJPY breaks below the 200 SMA at 158.59, that could signal further downside, which might indirectly impact dollar strength perception.