Japanese Yen Holds at 154.75 with Central Bank Divergence
The Japanese Yen is hovering around 154.75. Yet, the Yen's safe-haven status remains limited by diverging expectations between the Bank of Japan and the Federal Reserve, along with easing geopolitical tensions in the Middle East.
Technically, the daily RSI indicates an overbought condition persists. If the price breaks below 153.60, it may signal a continuation of the downtrend towards the next target around 152.00. Conversely, on the upside, the significant resistance lies at the multi-decade high of 154.85, followed by the psychological level of 155.00.
Resistance 3 |
Resistance 2 |
Resistance 1 |
Support 1 |
Support 2 |
Support 3 |
156.00 |
155.00 |
154.85 |
153.60 |
152.60 |
151.90 |