USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.43% against the JPY and closed at 108.66.
In the Asian session, at GMT0300, the pair is trading at 108.81, with the USD trading 0.14% higher against the JPY from yesterday’s close.
Overnight data indicated that Japan’s unemployment rate remained steady at 2.8% in July, in line with market expectations.
The pair is expected to find support at 108.30, and a fall through could take it to the next support level of 107.78. The pair is expected to find its first resistance at 109.37, and a rise through could take it to the next resistance level of 109.92.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
