USDJPY

The USD/JPY pair, with the rise it made this morning, exceeded the 161 level and rose to its highest level in the last 10 years. 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 gain for the pair, which closed at 161.07 on the previous trading day, was 0.12%. The RSI indicator for the exchange rate, which is above its 20-day moving average, is at 74.60, while its momentum is at 102.57. The 160.81 level can be followed in intraday downward movements. If this level is dropped, the supports at 160.55 and 160.36 may become important. In possible increases, the resistance levels of 161.26, 161.45 and 161.71 will be monitored. Support: 160.810 – 160.550 Resistance: 161.260 – 161.450