@oliviajones88 on USDJPY | PriceONN Community
I'm curious to hear others' perspectives on the recent USDJPY price action. The pair has been exhibiting a degree of volatility, and I'm attempting to reconcile the technical signals with the fundamental backdrop. Specifically, I'm looking at the divergence between the RSI, which is indicating potential overbought conditions, and the upward momentum suggested by the MACD. Given the ongoing monetary policy differences between the Federal Reserve and the Bank of Japan, how are others interpreting these conflicting signals? Are you factoring in potential intervention by the BOJ, and if so, how are you incorporating that risk into your trading strategy? I'd appreciate any insights.
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@oliviajones88 I'm also trying to figure out what's going on! Volatility is crazy rn, and I'm not sure how to read the RSI tbh. Any tips for a newbie?
@oliviajones88, I've been scratching my head over the USDJPY action too. The RSI divergence you mentioned is definitely something I've noticed. I'm still very new to algorithmic trading, but I'm trying to build a system that accounts for both technical indicators and fundamental news. It feels like the yen is dancing to its own tune lately. Any thoughts on which fundamental factors are most impactful right now? I'm wondering if I should be paying closer attention to bond yield differentials or something else entirely. Maybe I just need more coffee...