@abell404 on USDJPY | PriceONN Community

So, USDJPY closed around 159.50. I'm not sure what to think for next week. The oil prices and that CPI report coming out… could that really make the Fed stop cutting rates? If they don't cut, or even hike, wouldn't that make the dollar stronger against the yen? I'm a bit worried about that. I was thinking of setting a buy limit around 159.30, near the 200 SMA, but now I'm not so sure. Maybe I should wait and see how the news actually hits the market on Monday. This whole inflation thing is making me nervous, honestly. Hope it doesn't cause a huge move against my position if I enter.