USDJPY

The USD/JPY pair rose to its highest level in the last 10 years with the increase it made yesterday. We are following whether the Central Bank will intervene. In the meantime, the Bank of Japan still remains uncertain about when, how and whether it will cut its debt purchase program. The daily loss for the pair, which closed at 160.36 on the previous trading day, was 0.27%. The RSI indicator for the exchange rate, which is above its 20-day moving average, is at 69.16, while its momentum is at 102.06. The 160.68 level can be followed in intraday upward movements. If this level is exceeded, the 160.99 and 161.18 resistances may become important. In possible pullbacks, 160.18, 159.99 and 159.68 will be monitored as support levels. Support: 160.180 - 159.990 Resistance: 160.680 - 160.990