@cyclist933 on USDJPY | PriceONN Community
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Man, this USDJPY has been all over the place. I thought it was supposed to be going up because of all the dollar strength from the news, but now it looks like it's dropping again? I don't get it. I'm just trying to figure out if I should even bother watching it on Monday or if it's just going to do its own thing.
Replies
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Seriously though, the dollar strength from the news should be pushing this pair higher, right? Why is it dropping? Maybe it's a dead cat bounce for the dollar or something.
Segun, man, you gotta stop getting confused by every little dip. The news about dollar strength and inflation IS pushing USDJPY higher, that's not the confusion. What you're seeing is just noise. The main trend is bullish, and that's what matters. I loaded up a massive position at 159.40 after that initial surge. This isn't about 'dead cat bounces,' it's about capital flowing into the dollar because of global uncertainty and the Fed's stance. Don't let short-term fluctuations scare you out of a good trade. Focus on the bigger picture.