USDJPY

Bank of Japan (BoJ) board member Seiji Adachi stuck to his slightly tightening rhetoric in his speech today. The USD/JPY parity maintains its gains above 157.00 following these slightly tightening comments. The risk aversion sentiment in the markets is pulling the parity down. It is observed that the parity is experiencing an increase due to the appreciation of the dollar. The upward movement observed in the dollar index supports the parity upward. The daily gain for the parity, which closed at 157.26 on the previous trading day, was 0.06%. The RSI indicator for the parity, which is above its 20-day moving average, is at 62.87, while its momentum is at 100.66. The 157.26 level can be followed for intraday upward movements. If this level is passed, resistance levels of 157.40, 157.55 and 157.70 may become important. In case of possible pullbacks, support levels of 157.11, 156.96 and 156.81 will be monitored. Support: 157.110 - 156.960 Resistance: 157.400 - 157.550