USDJPY

The USDJPY pair had risen above 150.00 for the first time since November. The weaker-than-expected real GDP will strengthen the determination to limit further depreciation of the Yen and is unlikely to change interest rate hike expectations. The pair is seen to be on the rise due to the appreciation of the dollar. The downward movement observed in the dollar index is pressuring the pair downwards. The daily loss for the pair, which closed at 149.95 on the previous trading day, was 0.02%. The RSI indicator for the pair, which is above its 20-day moving average, is at 61.16, while its momentum is at 100.87. The 149.96 level can be followed for intraday upward movements. If this level is passed, resistance levels of 150.07, 150.20 and 150.31 may become important. In case of possible pullbacks, support levels of 149.84, 149.73 and 149.60 will be monitored. Support: 149,600 Resistance: 150,310