USDJPY

The USD/JPY pair witnessed sharp fluctuations again in the early Asian session following the highly anticipated Japanese intervention in the foreign exchange market on Thursday, suggesting another intervention attempt. The USD/JPY pair was last seen trading around 159.10, up 0.25% on the day. The pair, which closed at 159.08 on the previous trading day, gained 0.16% on the day. The RSI indicator for the pair, which is below its 20-day moving average, is at 47.66, while its momentum is at 98.93. The 158.76 level can be followed in intraday downward movements. If this level is broken, the supports at 158.07 and 157.56 may become important. In possible increases, the resistance levels at 159.77, 160.47 and 161.48 will be monitored. Support: 158,760 – 158,070 Resistance: 159,770 – 160,470