USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.17% against the JPY and closed at 110.06.
In the Asian session, at GMT0300, the pair is trading at 109.90, with the USD trading 0.15% lower against the JPY from yesterday’s close.
The pair is expected to find support at 109.73, and a fall through could take it to the next support level of 109.56. The pair is expected to find its first resistance at 110.17, and a rise through could take it to the next resistance level of 110.44.
Looking ahead, traders would await Japan’s consumer confidence index for April, scheduled to release in a while.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
