@james5510 on USDJPY | PriceONN Community
This USDJPY action is perplexing. The DXY showing some weakness should theoretically weigh on it, but the price action is just... stagnant. The 200 SMA is acting as support, yet the 20 and 50 are still above, indicating a short-term bearish drift. It's hard to reconcile the mixed signals from the indicators and the broader dollar sentiment right now.