USDJPY

The Japanese Yen (JPY) found buyers for the third consecutive day on Friday and the fourth in the previous five days, and climbed to its highest level in nearly three weeks against its American counterpart during the Asian session. Speculation that Japan’s financial authorities will intervene for the second time this week to support the local currency on Thursday emerged as a major factor supporting the JPY. Meanwhile, the US Dollar (USD) added to its post-FOMC losses, further contributing to the bearish tone surrounding the USD/JPY pair. The 153.17 level can be monitored for intraday upward movements. If this level is broken, resistances at 153.58, 154.21 and 154.62 could become important. In case of a possible pullback, 152.54, 152.13 and 151.50 will be monitored as support levels. Support: 152.540 – 152.130 Resistance: 153.580 – 154.210