USDJPY

USDJPY Japanese Yen faces renewed selling pressure The Bank of Japan Governor Kazuo Ueda's comment that "even if we end negative interest rates, supportive financial conditions are likely to continue" was the latest comment by bank officials to reassure market participants that the end of negative interest rates will not herald a change in the bank's fundamental policy stance. In light of all this, we will monitor this resistance during the day. Our important support to maintain the rise is at 148.40. If the possible increases in the pair continue and approach 150, we may be wary of possible intervention by the Bank of Japan. Support: 148,400 Resistance: 150,110