USDJPY

The USDJPY pair received good support from Japan's core CPI figure exceeding estimates and the BoJ's promise to end negative interest rates soon. However, this rise lacked strong upward momentum due to expectations that the recession in Japan could force the BoJ to postpone its plans to tighten monetary policy. The downward movement observed in the dollar index is pressuring the pair downward. The daily loss for the pair, which closed at 149.82 on the previous trading day, was 0.57%. The RSI indicator for the pair, which is above its 20-day moving average, is at 55.35, while its momentum is at 99.36. The 150.08 level can be followed in intraday upward movements. If this level is exceeded, the resistances at 150.46, 151.10 and 151.48 may become important. In possible pullbacks, 149.44, 149.06 and 148.42 will be monitored as support levels. Support: 149,440 Resistance: 150,080