USDJPY

USD/JPY reached 152.00 yesterday morning, testing Japan's tolerance for foreign exchange intervention, then profit taking came, fell back to 151,000, then recovered a bit and closed the day at 151.250. JPY, which started the new day on a sell-off, is causing confusion after the Bank of Japan's (BoJ) historic decision to raise interest rates for the first time since 2007 at its policy meeting held last Tuesday. The 151.38 level can be followed in intraday upward movements. If this level is exceeded, the 151.51, 151.68 and 151.80 resistances may become important. In possible pullbacks, 151.21, 151.08 and 150.92 will be monitored as support levels. Support: 151,210 - 151,080 Resistance: 151,510 - 151,680