USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.79% against the JPY and closed at 112.54.
In the Asian session, at GMT0400, the pair is trading at 112.67, with the USD trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 111.37, and a fall through could take it to the next support level of 110.06. The pair is expected to find its first resistance at 113.58, and a rise through could take it to the next resistance level of 114.49.
Looking ahead, market participants will keep a close watch on Japan’s preliminary Q4 GDP data, scheduled over this weekend.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
