USDJPY

The USD/JPY pair struggled to sustain its modest rise, which came with the CPI data. Uncertainty over the Bank of Japan's (BoJ) monetary policy tightening plan is preventing investors from taking aggressive upward positions. However, downward pressure has eased due to expectations that the BOJ will move away from its ultra-loose monetary policy. At the same time, speculations that the (BoJ) will intervene in the JPY are providing some support. If last year's highs around 152.00 are revisited, a larger uptrend towards the next projections at 154.50/155.00 is likely. In intraday downward movements, the 149.830 level can be monitored. If this level is broken, supports at 149.690 and 149.560 may become important. In possible increases, 150.100 and 150.380 will be monitored as resistance levels. . Support: 149.830 - 149.690 Resistance: 150.100 - 150.380