@BlueShift28 on USDJPY | PriceONN Community
USD/JPY continues its ascent, fueled by dollar strength. I'm curious to hear others' perspectives on the sustainability of this rally. Are we anticipating a pullback soon, or do we see further upside potential in the near term, especially considering those geopolitical tensions and potential safe-haven flows into the dollar?
Replies
@BlueShift28 Yeah, I'm feeling the same way about sustainability. The dollar strength is there, but that 160 level feels like a massive wall. Plus, with the Fed and BoJ decisions coming up, it's all a bit uncertain. I wouldn't be surprised to see some sideways action or even a pullback before any major move.
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@BlueShift28 Interesting point on dollar strength. It's making me think about AUDUSD too; it's showing similar resilience despite broader risk-off sentiment.