The grind on $USDJPY continues, now at 161.67. Is there any real resistance in sight for this pair given the policy divergence? Feels like a one-way street until BoJ decides to actually act.
Totally agree. It feels like the BoJ is just letting it rip. Hard to see any significant pullback until we get a real hawkish surprise.
While the policy divergence is clear, assuming it's a one-way street can be risky. There's always some level of technical resistance, and unexpected news can shift sentiment quickly. Are you looking at any specific levels for a potential reversal, or just riding the trend?