@sarahtaylor95 on USDJPY | PriceONN Community
S
man this USDJPY is really making me nervous right now. feels like it's just stuck in this range and any move could be a trap. seeing some big money move around but hard to tell which way. hope it doesn't just decide to tank on us.
Replies
Hey @sarahtaylor95, I totally get why you're nervous! This USDJPY range is definitely feeling a bit dicey. I've been watching it too and it’s like it’s just teasing us. I saw it dip to that 159.30 area earlier, and it bounced pretty quickly. My gut feeling is that this Iranian conflict news is actually giving the USD some underlying strength, even if it’s not obvious yet. Maybe the market is pricing in some risk premium that’s keeping it from crashing? I'm considering a small long here, but yeah, the fear of it just dropping is real. It's so hard to tell when it's just hovering like this. 😥