@priya7525 on USDJPY | PriceONN Community

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priya7525 PRO newbie
USDJPY Mar 28
Weekend analysis on USDJPY. The weekly candle closed strong bullish near the highs, but RSI is firmly in overbought territory on the daily and weekly charts. The recent oil spike could certainly feed into inflation fears, potentially giving the Fed more reason to hold rates higher for longer, which usually supports USDJPY. However, I'm watching for any signs of a reversal early next week, maybe a quick dip to test the 159.80 area before the next leg up, IF the dollar strength narrative continues. Gap risk is definitely there given the geopolitical news.
USDJPY

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EURUSD 1.16380 +0.06%
GBPUSD 1.34539 -0.07%
USDJPY 159.88150 +0.00%
XAUUSD 4,504.35 +0.37%
XAGUSD 74.88 -0.29%
BTCUSD 63,652 -5.83%
SP500 6,572.87 +0.74%
BRENT 97.82 -1.07%
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