USDJPY

The USD/JPY pair fell below 148.00 in the European session on Thursday as expectations that the Bank of Japan (BoJ) will lift negative interest rates increased. Rising expectations that the BOJ will return to policy normalization due to the improved wage outlook strengthened the Japanese Yen. The Japanese administration and some BOJ policymakers say they expect a positive wage cycle that will keep inflation stable above the 2% target. Technically speaking, the 147.84 level can be monitored in intraday downward movements. If this level is broken, supports at 147.56, 147.25 and 146.97 may become important. In possible increases, the 148.16, 148.44 and 148.75 resistance levels will be monitored. Support: 147.560 - 147.250 Resistance: 148.160 - 148.440