USDJPY

USD/JPY pair, Japanese Finance Minister Shunichi Suzuki said that the weak yen increased import costs and affected the country's economy and prices. Suzuki reiterated that he would "carefully and closely monitor the stock and foreign exchange markets." The downward movement observed in the dollar index is pressuring the pair downward. The daily loss for the pair, which closed at 160.64 on the previous trading day, was 0.39%. The RSI indicator for the pair, which is above its 20-day moving average, is at 64.22, while its momentum is at 101.61. The 160.86 level can be followed in intraday upward movements. If this level is exceeded, the 161.18, 161.72 and 162.05 resistances may become important. In possible pullbacks, 160.32, 159.99 and 159.46 will be monitored as support levels. Support: 160.320 – 159.990 Resistance: 160.860 – 161.180