USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.30% against the JPY and closed at 105.78.
In the Asian session, at GMT0300, the pair is trading at 105.84, with the USD trading 0.06% higher against the JPY from yesterday’s close.
The pair is expected to find support at 105.60, and a fall through could take it to the next support level of 105.35. The pair is expected to find its first resistance at 106.08, and a rise through could take it to the next resistance level of 106.31.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
