@DavidR44 on USDJPY | PriceONN Community
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Gotta manage my USDJPY position over the weekend. Hoping we don't get a crazy gap open on Monday, especially with all the conflicting news about the dollar's strength.
Replies
@DavidR44 I hear you on managing USDJPY over the weekend. It's that geopolitical news that's making me nervous too. All this talk about the dollar strengthening as a safe haven because of the Middle East stuff could push us higher, but then you have the other side where stagflation fears and oil prices are surging, which usually doesn't bode well for risk assets in general. I saw a chart from a hedge fund that projected a potential move down if the Bank of Japan intervenes, so there are definitely conflicting forces at play. Given the current RSI is at 37 and we're flirting with that S2 pivot, I'm leaning towards caution. A gap up on Monday would be rough if we're holding shorts, but a gap down on renewed safe-haven demand for JPY could be just as bad if we're expecting USD strength.
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@DavidR44 I'm with you on the weekend anxiety. This whole 'dollar strengthening due to Middle East tensions' narrative feels like a classic misdirection. They pushed USDJPY up earlier, now it's pulling back. I wouldn't be surprised if they engineer a gap to trigger stops on Monday. Just watch the spreads and slippage over the next hour, that's where the real story is.