USDJPY

Japanese Finance Minister Shunichi Suzuki reiterated today that he is closely monitoring currency movements and will take all possible measures. The Bank of Japan (BoJ)-Federal Reserve (Fed) policy expectations have failed to provide any respite for the Japanese Yen (JPY), which has been under pressure. Meanwhile, the USD/JPY pair is trading near its lowest level in 34 years and remained stable above 154.340 during the Asian session on Tuesday. In intraday downtrends, the 154.29 level could be monitored. If this level is broken, supports at 154.16, 154.01 and 153.88 could become important. In potential uptrends, the 154.44, 154.57 and 154.72 resistance levels will be monitored. Support: 154.160 – 154.010 Resistance: 154.570 – 154.720