USDJPY

For the USD/JPY pair, Japanese Chief Cabinet Secretary Yoshimasa Hayashi stated this morning that excessive foreign exchange (FX) volatility was an undesirable situation and said that he would closely monitor the exchange rate movements and take the necessary steps if necessary. After this statement, the YEN side gained some strength. The daily gain for the pair, which closed at 159.77 on the previous trading day, was 0.04%. The RSI indicator for the pair, which is above its 20-day moving average, is at 69.31, while its momentum is at 101.74. The 159.62 level can be followed in intraday downward movements. If this level is dropped, the 159.47 and 159.33 supports may become important. In possible increases, 159.91, 160.05 and 160.19 will be followed as resistance levels. Support: 159.620 – 159.470 Resistance: 159.910 – 160.050