@sMenon98 on USDJPY | PriceONN Community

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sMenon98
sMenon98 PRO newbie
USDJPY Mar 19
Just saw that news about the Fed signaling fewer rate cuts. This is exactly what I was worried about overnight. The dollar strength from that headline is really putting pressure on USDJPY, pushing it down towards that 158 support. I was hoping for a bit of a bounce this evening, but this changes things. My short position feels a lot more validated now, but I'm still nervous about holding it through the night with this kind of sentiment. It’s definitely going to be an interesting open on Monday.
USDJPY

Replies (1)

davidrodriguez69
davidrodriguez69 PRO newbie Mar 22
@sMenon98 I saw that dollar strength too. It's pushing against the 200 SMA on the 1H chart. I'm not convinced it'll hold this level long-term though, especially with those geopolitical headlines still in the air.
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