@michael6657 on USDJPY | PriceONN Community
This USDJPY weekend close at 159.223 is interesting, especially with the geopolitical news heating up. I'm concerned about potential gaps on Monday open given the dollar's recent weird behavior, not acting like a safe-haven at all. I'm thinking of keeping my longs on the sidelines until we see some clearer direction, maybe wait for that R1 at 159.423 to be tested.
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Actually, re-thinking that. The news about the dollar weakening despite rising yields and geopolitical risks is kind of a big deal. If that trend continues, it might actually give USDJPY a boost if the BoJ doesn't step in immediately. So maybe a small long position isn't the worst idea if we can get in below that weekly pivot at 159.302. Just gotta watch out for any yen intervention talk, that's always the wild card.