USDJPY

USDJPY Parity The Japanese economy contracted in the fourth quarter of 2023. Annual growth decreased by -0.4% and quarterly growth decreased by -0.1%. The inflation indicator decreased compared to the previous period on an annual basis and was announced as 3.8%. It is observed that the parity is increasing due to the appreciation of the dollar. The upward movement observed in the dollar index supports the parity upwards. The daily gain for the parity, which closed at 150.27 on the previous trading day, was 0.21%. The RSI indicator for the parity, which is above its 20-day moving average, is at 63.77, while its momentum is at 102.11. The 150.16 level can be followed for intraday downward movements. If this level is broken, supports at 149.94, 149.62 and 149.41 may become important. In case of possible increases, resistance levels at 150.48, 150.69 and 151.01 will be monitored. Support: 149,620 Resistance: 150,690