USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.29% against the JPY and closed at 107.75.
In the Asian session, at GMT0300, the pair is trading at 107.80, with the USD trading 0.05% higher against the JPY from yesterday’s close.
The pair is expected to find support at 107.46, and a fall through could take it to the next support level of 107.13. The pair is expected to find its first resistance at 108.30, and a rise through could take it to the next resistance level of 108.81.
Going ahead, investors would await Japan’s consumer confidence index for August, slated to release in a while.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
