USDJPY

Bank of Japan (BoJ) Vice President Shinichi Uchida said in a statement today that "we have broken the zero lower bound" to fix inflation expectations at 2%. The downward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 156.77 on the previous trading day, was 0.14%. The RSI indicator for the parity, which is above its 20-day moving average, is at 59.90, while its momentum is at 100.83. The 156.79 level can be followed for intraday upward movements. If this level is passed, resistance levels of 156.92, 157.07 and 157.20 may become important. In case of possible pullbacks, support levels of 156.64, 156.51 and 156.36 will be monitored. Support: 156.640 - 156.510 Resistance: 156.920 - 157.070