USDJPY

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USDJPY

Japanese Finance Minister Shunichi Suzuki said in a statement today that he would take action against excessive currency volatility when necessary and evaluate the effectiveness of the intervention. The daily gain for the pair, which closed at 155.62 on the previous trading day, was 0.01%. The RSI indicator for the pair, which is below its 20-day moving average, is at 48.85, while its momentum is at 99.25. The 155.65 level can be followed in intraday upward movements. If this level is exceeded, the 155.91, 156.20 and 156.46 resistances may become important. In possible pullbacks, the 155.36, 155.10 and 154.81 support levels will be monitored. Support: 155.100 - 154.810 Resistance: 155.910 - 156.200