USD/JPY ticks off resistance
USD/JPY bounced nicely on USD inflows after the Powell put went into effect. There’s a major cross current here with positive risk sentiment battling with Fed dovishness.
If you want to sell USD/JPY, the 61.8% retracement level is the one to watch in the near-term.
But if you want to sell USD on Fed dovishness, there are probably better places than USD/JPY.