Many people do underestimate the catastrophic power of Dollar in markets, and importance of decisions from FED meetings about the global tightening policy which has direct effects on investors pockets.
JPY might find a support at these levels which will gives markets a relief if the DXY decides to lower its tone a little bit.
However, USD might rip off and destroy the markets if it wants to as nothing about economics in the world going well, since 2020 march everything is fake and irrational but at the same time assuming markets to behave rational is a huge mistake.
Markets perform and fix itself on its own time zone, our time expectations doesn't suits it.
Not a financial advice
JPY might find a support at these levels which will gives markets a relief if the DXY decides to lower its tone a little bit.
However, USD might rip off and destroy the markets if it wants to as nothing about economics in the world going well, since 2020 march everything is fake and irrational but at the same time assuming markets to behave rational is a huge mistake.
Markets perform and fix itself on its own time zone, our time expectations doesn't suits it.
Not a financial advice