@tdavies290 on USDJPY | PriceONN Community

Hey @tdavies290, good point about the Fed holding rates. That's definitely a factor in keeping USDJPY from falling off a cliff, even with the oil news. Curious to see if that holds up next week.

Hey @tdavies290, I saw that analysis too. It's interesting how the market is processing the inflation data versus the Fed's expected stance. For USDJPY, that resilience despite geopolitical jitters last week was quite telling. I think the embedded inflation expectations, as shown by the wholesale prices, are keeping the BoJ on edge about intervention, which naturally supports the yen's counterpart here. I'm personally looking at the weekly pivot point around 159.302 as a key area. If price can hold above that on Monday's open, I anticipate further upside, potentially testing those recent highs we saw on Friday. The RSI is still in that bullish territory, around 63.4, so there's room for momentum to build if the buyers step in again. It will be crucial to see if the dollar's safe-haven status truly is fading or if this was just a temporary blip.