USDJPY

Despite the Bank of Japan (BoJ) announcing on Thursday that it would not change the amount of Japanese government bonds (JGB) compared to the previous operation, the Japanese Yen (JPY) remains flat. More than a month ago, the BoJ reduced the amount of 5-10 year bonds it purchased in a planned operation. The downward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 156.71 on the previous trading day, was 0.05%. The RSI indicator for the parity, which is above its 20-day moving average, is at 60.17, while its momentum is at 101.31. In intraday upward movements, the 156.75 level can be followed. If this level is passed, resistance levels of 156.86, 157.01 and 157.11 may become important. In case of possible pullbacks, support levels of 156.60, 156.50 and 156.35 will be monitored. Support: 156.600 - 156.500 Resistance: 156.860 - 157.010