@cwilliams561 on USDJPY | PriceONN Community
The overall market sentiment seems to be weighing on USDJPY, despite some positive economic data releases. Risk aversion is elevated, and investors are flocking to safe-haven assets, putting downward pressure on the pair. Technically, we're seeing a series of lower highs and lower lows on the daily chart, suggesting a continuation of the bearish trend. However, I'm closely monitoring the 154.50 level as a potential support zone. A break below this level could open the door for further declines towards 154.00. Conversely, a sustained move above 155.00 would negate the bearish outlook.