USDJPY

Japanese Yen (JPY), Japanese Finance Minister Shunichi Suzuki said in a statement today that rapid foreign exchange (FX) movements are undesirable. However, Suzuki refrained from commenting on whether the US accepts Japan's foreign exchange intervention, which shows us that volatility will continue for a while. The daily gain for the parity, which closed at 155.16 on the previous trading day, was 0.30%. The RSI indicator for the parity, which is above its 20-day moving average, is at 55.76, while its momentum is at 100.20. In intraday downward movements, the 154.97 level can be followed. If this level is broken, the supports at 154.67, 154.19 and 153.89 may become important. In case of possible increases, the resistance levels at 155.45, 155.75 and 156.23 will be monitored. Support: 154.970 – 154.670 Resistance: 155.450 – 155.750