@jiantan71 on USDJPY | PriceONN Community
USDJPY seems to be consolidating in a tight range right now. Looking at the H4 chart, it's pretty much stuck between the 20 and 50 SMAs. RSI is neutral, so no clear direction there either. Could be waiting for some news to break out.
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Update: volume is quite low during this Asian session, which explains the lack of movement. I'd expect more volatility once London opens. Will keep an eye on those pivot points mentioned earlier, especially R1 and S1, for potential breakout or breakdown levels. Might set an alert near 157.80 just in case.