@ashleymiller81 on USDJPY | PriceONN Community
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Looking ahead to next week for USDJPY, I'm expecting some choppiness as we digest the latest inflation data and geopolitical stuff. That surge in crude oil prices mentioned in the news could be a major driver if it keeps climbing. If oil keeps spiking, it definitely adds to the case for the Fed to stay hawkish, which should support the dollar against the yen. I'm watching the 159.70-159.80 area closely; if we can break and hold above that on Monday, I think we might see a push towards 160. However, if smart money decides to take profits after this recent run-up, we could easily see a pullback. The RSI is hovering around 58, so there's room to run higher, but it's not screaming overbought yet. I'll be setting some alerts around the key pivot points.