USDJPY

The USD/JPY pair fell on Wednesday after the Fed's decision to keep interest rates unchanged, while the Fed officials showed a slight tightening trend as they revised the federal funds rate upwards. However, a colder than expected US inflation report put pressure on the Dollar after Fed Chair Jerome Powell's press conference. The pair was last seen trading at 157.16, down 0.55% for the day. The pair, which closed at 157.04 on the previous trading day, gained 0.22% for the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 55.77, while its momentum is at 99.93. The 156.73 level can be followed in intraday downward movements. If this level is broken, the supports at 156.43 and 156.27 may become important. In possible increases, the resistance levels of 157.36 and 157.66 will be monitored. Support: 156.730 – 156.430 Resistance: 157.360 – 157.660