@F_Aliyu on USDJPY | PriceONN Community

Thinking about it further, the safe-haven appeal of the dollar mentioned in the news could be playing a significant role here. Investors might be flocking to the dollar due to global uncertainties, masking the true technical picture. If risk sentiment shifts, USDJPY could easily reverse course. I'm hesitant to commit to any large positions until there's more clarity. A break below the S1 pivot at 157.539 would further confirm the bearish scenario, but even then, I'd be cautious. The trade balance data from Japan coming up might give us some direction, but I'm not holding my breath. Going to bed now, let's see what happens overnight...

Also, the low volume in this session isn't helping matters. Makes it harder to trust any signals. We need confirmation from stronger volume to validate a breakout or breakdown. I'll be watching the volume closely before making any decisions, especially with the Asian session in full swing now.

Hey @F_Aliyu, I agree the volume is sus. Makes me hesitant to trust any breakouts or breakdowns rn. Also, what's your take on the yen strength news affecting USDJPY? Do you think it'll push it down further, or is it already priced in? I'm seeing some support around 157.90, but not sure how strong it is. Maybe a liquidity grab before a bigger move? These sideways moves are killing me, honestly. Cant sleep and just watching the chart go sideways