USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.87% against the JPY and closed at 111.34.
In the Asian session, at GMT0400, the pair is trading at 111.44, with the USD trading 0.09% higher against the JPY from yesterday’s close.
Overnight data showed that Japan’s final industrial production advanced 0.5% MoM in November, less than a rise of 0.6% indicated in the preliminary print. Industrial production had registered a similar rise in the previous month.
The pair is expected to find support at 110.84, and a fall through could take it to the next support level of 110.24. The pair is expected to find its first resistance at 111.76, and a rise through could take it to the next resistance level of 112.08.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
