USDJPY

image

USDJPY

USD/JPY parity fell by over 1.50% last week to 150.80, its lowest level of the day, especially on Thursday after BoJ President Ueda's hawkish comments, and then managed to recover its losses on Friday and rise above 151.600 again with the prediction that BOJ will enter a gradual tightening process and Fed's easing cycle will be quieter than currently priced in. 151.73 level can be followed in intraday downward movements. In case of falling below this level, supports of 151.65, 151.51 and 151.43 may become important. In possible increases, 151.87, 151.94 and 152.08 will be watched as resistance levels. Support: 151.510 - 151.430 Resistance: 151.870 - 151.940