USDJPY

Bank of Japan (BoJ) board member Asahi Noguchi said today that "the focus is now on how quickly the policy rate will be adjusted and at what level it will eventually stabilize." Following these mixed comments, the USD/JPY pair was trading near 154.20, losing 0.09% on a daily basis. The downward movement observed in the dollar index is pressuring the pair downward. The daily loss for the pair, which closed at 154.29 on the previous trading day, was 0.06%. The RSI indicator for the pair, which is above its 20-day moving average, is at 72.83, while its momentum is at 101.80. The 154.22 level can be followed for intraday downward movements. If this level is broken, the supports at 154.03, 153.77 and 153.57 may become important. In case of possible increases, the resistance levels at 154.48, 154.67 and 154.93 will be monitored. Support: 154.030 – 153.770 Resistance: 154,480 – 154.670