USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.19% against the JPY and closed at 113.81 on Friday.
In the Asian session, at GMT0400, the pair is trading at 113.99, with the USD trading 0.16% higher against the JPY from Friday’s close.
The pair is expected to find support at 113.74, and a fall through could take it to the next support level of 113.5. The pair is expected to find its first resistance at 114.13, and a rise through could take it to the next resistance level of 114.28.
Looking ahead, traders would await Japan’s machine tool orders for October, scheduled to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
