JPY - USD/JPY under pressure at 25MA
USD/JPY under pressure at 25MA
In terms of the trend of USD/JPY and technical trends, the 25-day moving average in recent years can be regarded as an important dividing line between the strength and weakness of USD/JPY. The current 25-day moving average is at 130.30. In January, the exchange rate has been pressured in this area many times. At the beginning of this week, it has once again seen an upward approach to this indicator, and there is even a good chance of breaking this time; it is expected that the upward extension target can be seen to the 50-day average line of 133 to 135 levels. The support level is estimated at 128.30, and the next level refers to the low of 126.35 in May last year and the level of the large upward trend line at 126.10.
This week's news:
Kuroda: BOJ must keep policy accommodative, maintain 2% inflation target
Resistance 130.30* - 133.00 – 135.00
Support 128.30 – 126.35 – 125.90
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