USDJPY

USDJPY The pair has been selling down after inflation surprised to the upside in Japan. With less than four weeks to go until the critical BoJ meeting, where one of the biggest US/Japanese policy differences is likely to ease, futures traders are stubbornly continuing to short the Yen. The pair is seen to be gaining ground due to the appreciation of the dollar. The upward movement observed in the dollar index is supporting the pair upwards. The pair, which closed at 150.63 on the previous trading day, is above its 20-day moving average, while the RSI indicator is at 64.14, while its momentum is at 100.87. The 150.55 level can be followed in intraday downward movements. If this level is broken, the supports at 150.46, 150.28 and 150.19 may become important. In possible increases, the resistance levels of 150.72, 150.81 and 150.99 will be monitored. Support: 150,280 Resistance: 150,720