@IsiomaOkorie85 on USDJPY | PriceONN Community
Be careful with this move down on USDJPY. Remember Japan issued that intervention warning last week? They're not playing around and could step in again if it drops too fast. This current dip might just be a liquidity grab to sweep the lows before a potential reversal. We've seen this pattern before where they let it dip a bit, then bam, intervention talk or actual action sends it back up hard. Plus, with that German inflation data potentially hurting the Euro, the dollar could get a bid generally, making a sustained drop here tricky. Don't get caught holding shorts if they decide to defend that 159 area.