@chloewhite45 on USDJPY | PriceONN Community

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Woah, USDJPY just jumped! What was that? I wasn't expecting that kind of move during the Asian session. Is it something to do with that Iran news? Safe havens usually get a boost from that kind of thing, I thought. I need to check the news wires...
USDJPY

Replies (1)

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chloewhite45 PRO newbie Mar 2
Update: Okay, so I read a bit more about the Iran situation. Seems like the market is interpreting it as a risk-off event, which is probably why USDJPY is going up – yen strength. But I'm still not convinced this rally is sustainable. A lot depends on how the situation develops over the next few hours. I'm thinking of waiting for a pullback to around 156.00 before considering a small long position. SL probably around 155.80. It's all very tentative though. I might just stay out completely, haha. It's a tough one to call.
EURUSD 1.16100 -0.18%
GBPUSD 1.34309 -0.24%
USDJPY 159.88650 +0.01%
XAUUSD 4,460.95 -0.60%
XAGUSD 73.25 -2.47%
BTCUSD 63,482 -6.08%
SP500 6,572.87 +0.74%
BRENT 99.49 +0.62%
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