This USDJPY move feels familiar, almost like that time back in 2023 when it just kept pushing higher. Remember how everyone was saying it was overextended then too? It’s kind of spooky how these trends can just persist, even with all the noise.
Yeah, and the volume seems to be picking up with this push above 160. I’m not sure if it’s going to hold this strength or if it’s just a bit of a shakeout before a bigger move. The yen weakness is really something else right now, maybe related to that inflation news I saw.
