Pair trading sideways with some artificial suppression coming from BoJ’s operations. However, fundamental divergence between two currencies remains. Japan’s plan to monetize USD reserves may help solve debt issue to some extent, but if US keeps growing, may keep currency stable. President Trump ideally wants weaker USD to help American exports.
Key Levels: Support at 154.616 | Resistance at 158.232
Investor Takeaway: RSI below MA line trending downward with flat MACD buying pressures; BoJ artificial suppression creating disconnect from fundamental divergence and Trump’s weak dollar agenda.
