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 157.96, up 0.25% on the day. The pair, which closed at 157.68 on Friday, 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 157.460 level can be followed in intraday downward movements. If this level is broken, supports at 157.170 and 156.960 may become important. In possible increases, resistance levels at 158.170, 158.470 and 158.980 will be monitored. Support: 157.460 – 157.170 Resistance: 158.170 – 158.470