USDJPY

image

USDJPY

Referring to the draft of this year’s long-term roadmap signed by the Japanese government, the government warned that authorities should “be careful about the impact that a weak Yen could have on household purchasing power through higher import prices.” The pair, which closed at 156.30 on the previous trading day, gained 0.14% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 52.76, while its momentum is at 100.42. The 156.26 level can be monitored in intraday downward movements. If this level is broken, the supports at 156.03, 155.75 and 155.53 may become important. In possible increases, the resistance levels at 156.53, 156.76 and 157.04 will be monitored. Support: 156.030 – 155.750 Resistance: 156.530 – 156.760