@kgreen835 on USDJPY | PriceONN Community

Yeah, the inflation thing is definitely a big deal. I saw that headline too. It's like, will the Fed even cut rates if prices are going up like that? Makes me think USDJPY might stay strong if they're hawkish. But then again, sometimes the market does the opposite of what you expect, right? Like, what if they hike rates instead of cutting? That would be wild. I was thinking about setting a small long position if it opens strong on Monday, but if it looks shaky at all, I'm out. Definitely don't want a liquidity grab taking my stop right away. Gotta be super careful this week, especially with all the uncertainty after Friday's close. I don't want another ramen week lol.

You're right @kgreen835, that inflation news is a curveball for sure. If the Fed is gonna keep rates high, then USDJPY should probably be higher, yeah? I don't know about a gap up though, this market feels super thin right now, anything can happen. I just saw that 0.8000 rejection on USD/CHF too, makes me wonder if the dollar is starting to show some weakness across the board even with the hawkish Fed outlook. I'm just looking for a clean break above 159.70 myself, then maybe I'll throw a bit more at it.

You make a good point @kgreen835 about the Fed and rates. If inflation stays high, they might keep USDJPY up. But that news about the oil prices dropping and Yen strengthening is confusing me too. It's hard to know which factor will win out.