USDJPY

The USD/JPY pair is trading at 155.760 on Thursday, up a few tenths of a percent after weaker-than-expected Japanese growth data put pressure on the Japanese Yen (JPY). Japanese Gross Domestic Product (GDP) contracted by a deeper-than-expected 0.5 percent quarter-on-quarter in Q1, with experts expecting a 0.4 percent decline after a 0.0 percent change in the previous quarter. The pair, which closed at 155.81 the previous trading day, gained 0.27 percent on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 56.25, while its momentum is at 100.84. Intraday downward movements can be followed at 155.69. If this level is broken, supports at 155.45, 155.10 and 154.86 may become important. In case of possible increases, resistance levels will be monitored at 156.04, 156.28 and 156.64. Support: 155.450 - 155.100 Resistance: 156.040 - 156.280