USDJPY

The Japanese Yen continues to weaken due to the BoJ's cautious stance and risk mood. Intervention fears limit losses in the JPY Today, it continues to extend its horizontal consolidative price movement towards the European session. The cautious approach of the Bank of Japan (BoJ) and the uncertain outlook for future interest rate hikes, along with the risky mood, continue to weaken the safe haven JPY. The 151.67 level can be followed in intraday downward movements. In case of falling below this level, supports at 151.56, 151.39 and 151.28 may become important. In possible increases, 151.84, 151.95 and 152.12 will be watched as resistance levels. Support: 151.390 - 151.280 Resistance: 151.840 - 151.950