@melissa824 on USDJPY | PriceONN Community

Hi @melissa824, it’s an interesting juncture for USDJPY, isn't it? I've been monitoring the interplay between the dollar's broader strength, particularly against the yen, and the influence of these geopolitical events. While news like the escalating oil prices does introduce a risk-off element that *could* favour the yen, the overall narrative on the dollar seems more robust currently, especially with the Fed likely pausing rates. I saw some chatter about the DXY potentially testing higher levels if this trend continues. From a technical standpoint, USDJPY is hovering just below the 20-day SMA, around 159.29, and the RSI is sitting in neutral territory at 42.9. A sustained break below the Bollinger band support at 158.96 might signal a more significant pullback, but for now, the higher timeframes still appear to favour the bulls, albeit with caution given the current volatility.