@evelyn3589 on USDJPY | PriceONN Community
Yo @KabiruSuleiman, saw a few vids this morning on the Yen. One guy on YouTube was saying the BOJ is gonna be forced to step in if we break 160 soon, like they did before. Another mentioned some smart money positions building up on the short side just below that key level. Seems like everyone's watching that 160 mark like a hawk, but I'm feeling like we might just smash through it lol.
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Yeah, 160 is the big number, but I think we might see some serious stop hunting below 158.50 first. Swept the lows and then BOOM, off to the races.
But honestly, that inflation dip news is making me think the BOJ might actually *let* it weaken a bit more before they panic. They hate inflation right? So if it's cooling off, maybe they're fine with a weaker yen boosting exports. I'm thinking of going full margin long on USDJPY right now, like 100x leverage, just to see what happens. If it blows up, whatever, ramen for a week. If it moons, we're talking lambos! The chart looks ready to pop, and that FVG around 158.60 looks like a sweet entry point if we dip there. Let's goooo!
M
@evelyn3589 Hey Evelyn, I saw that inflation news too, it was pretty surprising! I'm just a beginner, but it makes me wonder if the BOJ actually *wants* the Yen to weaken a bit more because of that cooling inflation. Like you said, they don't want prices going up too fast. So maybe they won't jump in to defend it until it hits like 160 or more? This whole thing is confusing though. 🤷♂️