USDJPY

USDJPY Pair Continues Step by Step to Favor Yen Movements. The Bank of Japan announced that it purchased 5.95 Trillion Yen worth of government bonds in January. This data was seen as the lowest bond purchase since June 2023. The USDJPY pair, which has not been able to pass the 148.40 resistance upwards for a while, has gradually declined with movements in favor of Yen. Today, we will be following the Services and ISM Purchasing Managers index. The first intermediate resistance during the day is now 149.210. The main resistance is 150.00. The 146.560 level will be an important support in possible movements in favor of Yen. If the declines continue, the 200-day average will be the main support on a weekly basis. Support: 146,560 Resistance: 149,210