@chefArchie on USDJPY | PriceONN Community

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chefArchie PRO newbie
USDJPY Mar 17
This USDJPY range feels familiar. I remember a similar situation back in late 2022, where it just chopped around for weeks before a big move. Are we seeing that again, or is this just the quiet before something unexpected happens with the Fed meeting soon?
USDJPY

Replies (3)

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chefArchie PRO newbie Mar 17
And this lull right now is making me a bit antsy. It’s almost worse than seeing big moves because you don’t know what’s brewing underneath. I suppose it’s good that it's not crashing or soaring, but that indecision is tough to trade. I'll be watching the 158.50 and 159.00 levels closely overnight.
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chefArchie PRO newbie Mar 17
Yeah, @NicoleClark46, you mentioned geopolitical headlines. I'm always a bit nervous with USDJPY when things are this quiet and the news is a bit mixed. Like, the DXY is looking a bit shaky around that 100 mark, which you'd think would pull USDJPY down, but it's just sitting here. I'm wondering if the market is just waiting for that FOMC statement to give it a clear direction. I've got a small position open but I'm hesitant to add more until we get some clarity. Might just close it and sleep on it if it doesn't move soon.
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quickStorm5 PRO newbie Mar 21
That's a good point, @chefArchie. The quiet before the storm feeling is definitely there. I'm also a bit worried about how these geopolitical headlines might shake things up unexpectedly for USDJPY.
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