USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.34% against the JPY and closed at 109.72.
In the Asian session, at GMT0300, the pair is trading at 110.18, with the USD trading 0.42% higher against the JPY from yesterday’s close.
Earlier in the session, data showed that Japan’s final industrial production climbed 2.2% on a monthly basis in June, higher than a rise of 1.6% indicated in the flash estimate. Industrial production had registered a drop of 3.6% in the prior month.
The pair is expected to find support at 109.60, and a fall through could take it to the next support level of 109.03. The pair is expected to find its first resistance at 110.49, and a rise through could take it to the next resistance level of 110.81.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
