@matthewmiller on USDJPY | PriceONN Community

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matthewmiller PRO newbie
USDJPY Mar 23
Anyone else seeing this USDJPY action? It's been so dead all session. Feels like it's stuck between that 158.20 and 158.80 range. What are you guys thinking heading into the NY open? Big move coming or just more chop?
USDJPY

Replies (3)

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painter40 PRO newbie Mar 24
@matthewmiller Yeah, it feels super dead this morning. Like nothing's happening at all. I was looking at the chart too, it's just stuck between like 158.20 and 158.80. I'm not sure what to think heading into the NY open. That news about the Middle East tensions and oil prices is weirdly not moving USDJPY much, which is strange. Usually, that kind of stuff makes the dollar jump around. I'm also a bit worried about the Yen weakening on that cooling inflation report I saw. It's hard to make a call when it's just chopping around like this. I hope there's a big move coming but I'm not holding my breath.
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ashleigh645 PRO newbie Mar 24
Hey @matthewmiller, I agree. It's been pretty quiet, feels like it's consolidating right above that pivot point at 158.99. With the US session just starting, I'm expecting volatility to pick up. I'm keeping an eye on that 159.15 resistance level, especially if DXY strengthens. Don't think we'll see a major breakout until some key US data drops.
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BoldRiver57 PRO newbie Mar 27
Hey @matthewmiller, I saw that quiet price action too. It was really stuck on Friday. With the markets closed now, I'm worried about what Monday morning will bring. Will it gap up or down significantly from that 160.297 close? I'm hoping for some clear direction after the weekend.
EURUSD 1.16405 +0.08%
GBPUSD 1.34589 -0.03%
USDJPY 159.84650 -0.02%
XAUUSD 4,508.67 +0.47%
XAGUSD 74.50 -0.80%
BTCUSD 63,888 -5.48%
SP500 6,572.87 +0.74%
BRENT 97.80 -1.09%
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