USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.14% against the JPY and closed at 113.62.
In the Asian session, at GMT0400, the pair is trading at 113.47, with the USD trading 0.13% lower against the JPY from yesterday’s close.
Overnight data showed that, in Japan, housing loans climbed 2.4% on an annual basis in 3Q18. Housing loans had recorded a rise of 2.7% in the previous quarter.
The pair is expected to find support at 113.18, and a fall through could take it to the next support level of 112.88. The pair is expected to find its first resistance at 113.89, and a rise through could take it to the next resistance level of 114.30.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
