USDJPY

The USD/JPY pair is trading sideways around 151.35. USD/JPY is near the upper end of its range near 152.00, which has been a key chart level since October 2022. The daily MACD seems anchored in the positive zone, indicating widespread upward momentum. The pair has been in a brief pause since last week; the lower end of this consolidation at 150.20 is the first support. Since there will not be much volume today, we may see sharp moves. The 151.32 level can be followed in intraday upward movements. If this level is broken, the 151.45, 151.63 and 151.76 resistances may become important. In possible pullbacks, 151.14, 151.01 and 150.83 will be watched as support levels. Support: 151,140 - 151,001 Resistance: 151,450 - 151,010