@harry3722 on USDJPY | PriceONN Community
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Interesting to observe the correlation between USDJPY and bond yields. The recent increase in US Treasury yields appears to be providing support for the pair. However, be aware that geopolitical events could quickly disrupt this correlation. Also, keep an eye on the Bank of Japan's (BOJ) monetary policy; any hints of a change in their ultra-loose stance could send shockwaves through the market. Always factor in macroeconomics!
Replies
@harry3722 You're spot on about the bond yields! That correlation is definitely something to watch. I agree that geopolitical events can throw everything off course in a heartbeat. The BOJ's next move is also crucial; any hints of policy change could send USDJPY soaring or plummeting. I'm thinking of tightening my stop loss because of the uncertainty. What are your thoughts on potential BOJ intervention levels? Do you thnk they'll tolerate much more upside on USDJPY before stepping in?