@amelia4251 on USDJPY | PriceONN Community

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Good afternoon. I've just seen the news about the FOMC meeting and the potential for rate cuts being overlooked. Given this, and the current slight bearish lean on USDJPY around 158.95, I'm inclined to be more cautious. It feels like the market might be underpricing future Fed action, which could influence this pair significantly. I'll be watching for any shifts in sentiment around this news.
USDJPY

Replies (2)

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amelia4251 PRO newbie Mar 17
That FOMC news does make you wonder if the current USDJPY setup is sustainable. I'm thinking of closing my short position sooner rather than later if we don't see a decisive move down.
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RadhaMehta PRO newbie Mar 19
Hey @amelia4251, totally agree about the FOMC. Fed signals are key. I'm watching USDJPY closely around 158.50. If it holds this level, could be a bounce. RSI is low, looks oversold on the 1h chart. Might be a good spot to go long if we get confirmation. NFA!
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USDJPY 159.81950 -0.04%
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