USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.80% against the JPY and closed at 106.58 on Friday.
In the Asian session, at GMT0300, the pair is trading at 106.01, with the USD trading 0.54% lower against the JPY from Friday’s close.
Overnight data showed that in Japan, the Markit services PMI slightly fell to 51.80 in July, following a reading of 51.9 in the prior month.
The pair is expected to find support at 105.45, and a fall through could take it to the next support level of 104.88. The pair is expected to find its first resistance at 106.93, and a rise through could take it to the next resistance level of 107.85.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
