USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.36% against the JPY and closed at 117.26.
In the Asian session, at GMT0400, the pair is trading at 116.45, with the USD trading 0.69% lower against the JPY from yesterday’s close.
Overnight data showed that, Japan’s Nikkei services PMI climbed to a level of 52.3 in December, pushing the PMI to an eleven-month high level, following a reading of 51.8 in the preceding month.
The pair is expected to find support at 115.74, and a fall through could take it to the next support level of 115.04. The pair is expected to find its first resistance at 117.66, and a rise through could take it to the next resistance level of 118.88.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
