USDJPY

The USD/JPY pair, with the increase it made this morning, exceeded the level of 161.700 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 upward movement observed in the dollar index supports the pair upwards. The daily gain for the pair, which closed at 161.72 on the previous trading day, was 0.17%. The RSI indicator for the pair, which is above its 20-day moving average, is at 77.11, while its momentum is at 102.74. The 161.50 level can be followed in intraday downward movements. If this level is dropped, the supports at 161.28 and 161.16 may become important. In possible increases, 161.97 and 162.19 will be followed as resistance levels. Support: 161,500 – 160,280 Resistance: 161,970 – 162,190