USD/JPY: Japanese yen extends its gains in the morning session

USDJPY

USDJPY Movement

For the 24 hours to 23:00 GMT, the USD declined 0.26% against the JPY and closed at 110.86 on Friday.

In the Asian session, at GMT0300, the pair is trading at 110.14, with the USD trading 0.65% lower against the JPY from Friday’s close.

The pair is expected to find support at 109.80, and a fall through could take it to the next support level of 109.46. The pair is expected to find its first resistance at 110.81, and a rise through could take it to the next resistance level of 111.48.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

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