USD/JPY technical setup worth watching. On the weekly timeframe, price has convincingly broken through the prior resistance level, setting up a potential extension toward the 172 zone. The momentum here is notable—this breakout suggests further upside could be in play for the dollar against the yen. Keep an eye on how this develops, especially given the broader macro environment and BOJ policy dynamics that continue to shape currency flows. A measured move calculation points to that 172 target as reasonable scope for follow-through.
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GamefiEscapeArtist
· 01-09 21:50
172 this position is indeed interesting, but I see the Bank of Japan has been causing trouble these days. After a breakout, it might come back to get stopped out.
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AirdropChaser
· 01-08 13:42
172? Damn, this wave of the dollar is about to take off. The Bank of Japan needs to step up.
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BearMarketMonk
· 01-08 09:47
172? Looks good, but I'm just worried the Bank of Japan might cause trouble again. The key is whether we can hold this wave.
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OnchainDetectiveBing
· 01-08 09:41
Position 172 is indeed quite interesting. What kind of tricks is the Bank of Japan up to?
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GasFeeSurvivor
· 01-08 09:32
172? Feels a bit uncertain. The Bank of Japan is acting so frequently; who knows when they'll make a reversal again.
USD/JPY technical setup worth watching. On the weekly timeframe, price has convincingly broken through the prior resistance level, setting up a potential extension toward the 172 zone. The momentum here is notable—this breakout suggests further upside could be in play for the dollar against the yen. Keep an eye on how this develops, especially given the broader macro environment and BOJ policy dynamics that continue to shape currency flows. A measured move calculation points to that 172 target as reasonable scope for follow-through.