@kevin_c54 on USDJPY | PriceONN Community

I was watching this YouTube channel this morning, 'Forex Unfiltered', and they were talking about the Yen's weakness. The host mentioned that some analysts are saying the Bank of Japan might be hesitant to intervene too aggressively right now, especially with the Fed's rate path still uncertain. They showed a chart that looked similar to what we're seeing now, with USDJPY testing resistance levels. He also touched on the recent inflation data from Japan, saying it gives the BoJ some breathing room but also adds pressure to keep policy loose. It makes me wonder if we could see a push towards 160 if this sentiment continues. Definitely something to keep an eye on during the NY session.