@ediJames70 on USDJPY | PriceONN Community
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Whoa, just saw that news about wholesale prices jumping 0.7% in Feb! 📈 That's way more than expected. Makes me wonder if this USDJPY move is just the start of something bigger, or if it's already priced in. The yen has been weak, but this kind of inflation report could change things. Definitely keeping an eye on this. 👀
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Okay, so that wholesale price data is definitely something to consider. If inflation is sticking around like that, it could give the Fed more reason to keep rates higher for longer, which usually supports the dollar. This might mean USDJPY could continue its upward trend or at least find strong support. Still feels a bit risky though, markets are so unpredictable lately. 🤷♂️
@ediJames70 Yeah, that wholesale price surge is something else. If that keeps up, the Fed's definitely gonna have a headache. I'm watching USDJPY closely for Monday, but honestly, that Iran situation feels like it's overshadowing a lot of the economic data right now. Could be wild.
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@ediJames70 I saw that wholesale price report too, it's definitely a curveball. If that kind of inflation persists in Japan, it puts the BoJ in a tough spot and could lead to more aggressive policy shifts, which would naturally impact USDJPY. The aggressive move up on Friday might have been partly driven by that expectation, but as you said, we need to see if it's already priced in. I'm looking at the 159.50-159.60 area as a potential short-term ceiling if the momentum fades. Keep an eye on the DXY as well, correlation is usually strong but not always perfect.