USDJPY

In his statement this morning, Bank of Japan (BoJ) Governor Kazuo Ueda stated that inflation expectations are gradually increasing but have not yet reached 2%, adding that the Japanese central bank will act cautiously regarding interest rates in order to avoid major mistakes. It is observed that the parity is increasing due to the appreciation of the dollar. The daily gain for the parity, which closed at 156.12 on the previous trading day, was 0.80%. The RSI indicator for the parity, which is above its 20-day moving average, is at 51.66, while its momentum is at 99.91. The 155.12 level can be followed in intraday downward movements. If this level is dropped below, the supports at 154.82 and 153.43 may become important. In possible increases, 156.80, 157.48 and 158.48 will be monitored as resistance levels. Support: 155.120 – 154.820 Resistance: 156.800 – 157.480