@noah4397 on USDJPY | PriceONN Community

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noah4397
noah4397 PRO newbie
USDJPY Mar 17
What's the general vibe on USDJPY right now, folks? Feels like we're stuck in this 159 range, and honestly, it's giving me a bit of a headache trying to figure out the next big move. The Yen's been a bit stronger lately, especially with all the talk about intervention from Japan, but the dollar still has that underlying strength. Are you guys leaning bullish or bearish heading into tomorrow's FOMC meeting? I'm personally a bit wary of going too heavy either way until we get some clarity. Anyone feeling confident about a breakout soon, or are we just going to keep grinding sideways?
USDJPY

Replies (1)

M
MelissaPerez PRO newbie Mar 22
Hey @noah4397, I feel ya on the headache. This 159 range is like a hamster wheel, right? 🐹 I'm looking at this too for next week. I'm thinking about going full YOLO on a short if it starts showing weakness around that R1 pivot. The Japanese intervention talk is making me nervous though, like they'll suddenly step in and dump a ton of yen. But honestly, I'm just gonna load up the margin and see what happens. Can't make bank by sitting on the sidelines! 💸 What do you think, is it worth the risk to go big?
EURUSD 1.14436 -0.13%
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USDJPY 162.42862 +0.16%
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