USDJPY

The USD/JPY pair continued to post losses for the fourth consecutive trading day on Friday. The pair fell sharply to 147.00 on strong expectations that the Bank of Japan (BoJ) will raise interest rates, which have been in negative territory for more than a decade. With the Gross Domestic Product (GDP) data released today, the JPY regained strength and the USD/JPY pair fell to 146.800. Technically, the 146.86 level can be followed in intraday downward movements. If this level is dropped below, the supports at 146.59, 146.27 and 146.00 may become important. In possible increases, 147.18, 147.45 and 147.77 will be watched as resistance levels. Support: 146,860 - 146,590 Resistance: 147,180 - 147,450