USDJPY

After the US Federal Reserve (Fed) kept its main reference rate at 5.5% as markets generally expected, the Japanese Yen fell sharply to 150.750, then recovered and closed at 151.260. According to the FOMC, US Gross Domestic Product (GDP) growth will be slightly higher than estimated through 2024, and year-end interest rates will likely be higher than previously expected. The USDJPY Parity, which started the new day at 150.900, can technically be followed at 150.990 in intraday upward movements. If this level is exceeded, resistances at 151.24, 151.80 and 152.28 may become important. In possible pullbacks, 150.19, 149.70 and 149.14 will be monitored as support levels. Support: 150,650 - 150,190 Resistance: 151,240 - 151,800