USD/JPY surges back to 135.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


A major surge has occurred on the USD/JPY charts. Most of the surge is attributed to the Bank of Japan beating down the value of the Japanese Yen. The central bank announced that it would continue its monetary easing policy despite other banks hiking interest rates.

The surge resulted in the rate reaching the 135.00 mark during the first half of Friday's trading hours.

If the pair reaches above 135.00 and 135.50, expect new highs to be booked. Most likely, round exchange rate levels are expected to continue to act as resistance.

On the other hand, a potential decline might find support in previously notable resistance and support levels like the 133.50, 132.50 and 131.50.

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