USDJPY definitely feels like it's leaning bearish atm. RSI is under 40 which suggests downward momentum, but tbh it could bounce at any moment. I wouldn't go all-in on a short position just yet. Maybe wait for a clearer signal or a break below a key support level.
Update: So, about that bearish sentiment... I'm seeing some consolidation around 155.60-155.70 now. It's possible we could see a short-term bounce back up to the 156 level. If it breaks above that, I'd reconsider my bearish outlook. But for now, I'm still leaning short, but with a tight SL. Risk management is key, folks. Don't forget to factor in the news releases later this week; they could easily shake things up and invalidate any technical analysis. Always be prepared for the unexpected!
