@aali178 on USDJPY | PriceONN Community
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This whole situation with the Middle East tensions and oil prices going crazy is making me nervous about USDJPY too. If crude oil surges past $105, that could signal a risk-off sentiment globally. If that happens, people might dump yen for dollars, pushing USDJPY higher. I'm also seeing that the US Dollar Index (DXY) might rebound above 100 after the Fed's move. That would definitely put upward pressure on USDJPY. I'm wondering if it's better to just close my trades before Monday to avoid a nasty gap. It's hard to say if the bulls will hold or if it's just a dead cat bounce after Friday's close near 159.22. The volatility from oil could really impact everything next week.
Replies
@aali178 That's a good point about the oil prices and risk sentiment affecting USDJPY. I'm also a bit confused by it all! I thought with all the global uncertainty, the dollar would be stronger, but it seems to be weakening? I don't really understand all the technicals like SMA or RSI, but I do see the price moving around that 159 level a lot. It feels like it's stuck in a range. Should we be worried about a sudden move if that oil price news really kicks off? I'm still learning and it's making me a little nervous! 😅