USDJPY

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USDJPY

The USD/JPY pair is on the verge of seeing major changes in corporate activity, according to findings from a survey conducted by the Bank of Japan (BoJ) to assess past monetary easing measures. The pair closed at 155.76 on the previous trading day, making a daily gain of 0.07%. The RSI indicator for the pair, which is above its 20-day moving average, is at 56.07, while its momentum is at 101.40. The 155.75 level can be monitored in intraday downward movements. If this level is broken, supports at 155.57, 155.38 and 155.20 may become important. In possible increases, resistance levels at 155.94, 156.13 and 156.32 will be monitored. Support: 155.380 – 155.200 Resistance: 155.940 – 156.130