@jking52 on USDJPY | PriceONN Community

Actually, thinking more about that potential bear trap I mentioned. If the Fed signals they're going to hold rates steady or even hint at a pause, despite the oil price surge, that could actually give the dollar a bit of a boost again. It's a tricky balance, but the market seems to be pricing in a lot of Fed caution already. So while I'm leaning bearish on USDJPY overnight, I'm keeping an eye on any Fed commentary. It's the kind of thing that could flip sentiment on a dime and catch a lot of shorts off guard. I'm off to bed, but will check charts first thing.

Yeah, gotta agree with you @jking52. That Iran news definitely adds some uncertainty for the dollar, which is wild to see. But if that support at 159 really holds, I'm still seeing upside potential for USDJPY, especially if the Fed stays hawkish.