@radhamenon69 on USDJPY | PriceONN Community
Seriously, what is happening with USDJPY?! It's been climbing all night and now it's over 160. I thought Heather was talking about it being stuck, but this looks like a breakout to me. But then I saw some news about the Fed and inflation, and it made me second guess. Is this move sustainable or is it just a liquidity grab before a big drop? It feels like a dead cat bounce sometimes. I'm so confused watching this. I definitely don't want to buy at the top again.
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J
Seriously @radhamenon69, 'sustainable'? This whole market is a joke. They pump it up, then they dump it. It's all algorithmic nonsense designed to take your money. Don't believe a word of it.
Hey @radhamenon69, that breakout above 160 is exactly what I was looking for. You're right, it looks like more than just a pause. Forget what Jessica's saying about algorithms, this is pure momentum. The inflation data is a distraction; the real story is the yield differential and the market sensing a breakout. I went full margin long as soon as it cleared 159.80. This pair has been coiling for ages, and now it's finally unwinding. Don't overthink it, just jump in. We could see 161 or even higher before the week is out if this keeps up.