USDJPY

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USDJPY

The USD/JPY pair encountered a serious selling wave after yesterday evening hours. And closed the day close to its lowest point at around 151.310. Even if there is an increase in the pair, it may encounter sudden resistance around the recent high of 151.95 seen on Wednesday, which is in line with the highest level of March 151.97 and the psychological level of 152.00. Our general opinion is that the 151 level will be broken down in the pair, where we expect high volatility on the day of non-agricultural data. The 151.14 level can be followed in intraday downward movements. In case of falling below this level, the supports of 150.92, 150.60 and 150.38 may become important. In possible increases, 151.46, 151.68 and 152.00 will be monitored as resistance levels. Support: 150.920 - 150.600 Resistance: 151.460 - 151.680