@arunnair on USDJPY | PriceONN Community

Hi @arunnair, it's interesting you mention those global economic indicators. While direct correlation can be complex, major economic news often impacts currency pairs like USDJPY. The US session is active, and geopolitical ambiguity, as mentioned in the news, tends to strengthen the dollar. If you look at the Dollar Index (DXY), it's been approaching 100.00, which is a bullish sign for the dollar generally. This underlying dollar strength is likely contributing to USDJPY's upward movement, even if other factors seem mixed. The Japanese Yen can sometimes act as a safe haven, but in this environment, the greenback's strength seems to be dominating. I'm more focused on the intraday price action and key resistance levels for USDJPY, like the 159.70 area, rather than those specific data points unless they cause a significant shock.