USDJPY

Japanese Finance Minister Shunichi Suzuki said today that he is very concerned about the negative effects of the weakening Yen and will take all necessary measures regarding the currency. While the Japanese Yen (JPY) does not seem to be affected by these comments, the USD/JPY parity is last traded at 156.78, down 0.04% for the day. The downward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 156.70 on the previous trading day, was 0.11%. The RSI indicator for the parity, which is above its 20-day moving average, is at 59.24, while its momentum is at 100.61. The 156.84 level can be followed for intraday upward movements. If this level is passed, resistance levels of 156.89, 157.08 and 157.22 may become important. In case of possible pullbacks, support levels of 156.56, 156.43 and 156.23 will be monitored. Support: 156.560 - 156.430 Resistance: 156.890 - 157.080