USD/JPy traded this morning on the comments of a member of the board of Boj Tyta – it is critical that Bij continues to consider correction of politics even after increasing the rate last month to avoid excessive high expectations that can remain monetary softening. At USD/JPY he was last at 151.77 levels, notes the FX OCBC Christopher Wong analyst.
Consolidation probably in the meantime
“He also affected the need to avoid the risk of inflation up. The greatest trading partners. “
“Japanese cars belong to the best 5 most popular in the USA, and the automotive industry is a key element of the Japanese economy. Japanese officials have already been looking for exclusion of the United States, but this is the status and how mutual tariffs (another concern) may arise on Japan Japan at this moment remains unclear. “
“The daily shoot is flat, while RSI has slightly increased. Consolidation probably in the meantime. Support at 151.50 (38.2% Fibo slimming with low to Jan), 150 levels. Resistance to 152.70 (200 DMA), levels 153.50/85 (21, 21, 100 DMA) and 154.30 levels. “
