USDJPY

The USDJPY pair extended its sideways consolidative price movement on Wednesday and remained limited in a one-week range against its American counterpart throughout the Asian session. Geopolitical risks stemming from conflicts in the Middle East and the extension of the Russia-Ukraine war continue to weigh on investor sentiment. This situation emerges as a significant factor supporting the safe-haven JPY. The pair, which closed at 150.33 on the previous trading day, gained 0.09% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 63.37, while its momentum is at 101.68. The 150.33 level can be followed for intraday downward movements. If this level is broken, supports at 150.20, 150.06 and 149.93 may become important. In case of possible increases, resistance levels at 150.46, 150.59 and 150.73 will be monitored. Support: 149,930 Resistance: 150,590