USDJPY

For the Japanese Yen (JPY), Japan's top foreign exchange diplomat Masato Kanda, who will instruct the BoJ to intervene when deemed necessary, stated in his statement today that they are taking the necessary steps to cope with excessive market volatility. It is observed that the parity is experiencing an increase due to the appreciation of the Dollar. The upward movement observed in the Dollar index supports the parity upwards. The daily gain for the parity, which closed at 154.56 on the previous trading day, was 0.42%. The RSI indicator for the parity, which is above its 20-day moving average, is at 53.26, while its momentum is at 99.98. The 154.34 level can be followed in intraday downward movements. In case of falling below this level, the supports at 154.08, 153.61 and 153.35 may become important. In possible increases, 154.81, 155.06 and 155.54 will be monitored as resistance levels. Support: 154.080 – 153.610 Resistance: 154.810 – 155.060