@emily9912 on USDJPY | PriceONN Community
You know, looking at the H4 chart, I'm seeing a bit of a bullish divergence on the RSI compared to the price action. The 50 SMA is also acting as decent support around 159.40. If we can hold this level and break above that 159.64 resistance, I'm leaning towards a move higher, especially if the CPI data this week continues to show inflation pressure and keeps the Fed on their toes. The general geopolitical uncertainty with Iran is also a classic driver for yen weakness, pushing USDJPY up. So, my initial thought about just noise might be wrong; could be building momentum. 🤔