USD/JPY is drawn to 150.00

Source: Dukascopy Bank SA


Since mid-February, the USD/JPY currency pair has fluctuated around the 150.00 mark. Support remains at the 149.50 mark and the 149.90 level. Resistance is encountered in the 150.65/150.90 range.

A potential surge would have to break the 150.65/150.90 range, before testing the resistance of the 151.00 level. Higher above, the 151.50 level could act as resistance.

On the other hand, a decline of the USD/JPY has to pass the 149.90 and 149.50 levels, before it approaches the 149.00 mark.
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