Pair trading sideways with some artificial suppression 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 selling pressures; BoJ intervention creating sideways action despite fundamental divergence and Trump’s weak dollar preference.
