USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.12% against the JPY and closed at 112.19.
In the Asian session, at GMT0300, the pair is trading at 112.06, with the USD trading 0.12% lower against the JPY from yesterday’s close.
The pair is expected to find support at 111.70, and a fall through could take it to the next support level of 111.35. The pair is expected to find its first resistance at 112.36, and a rise through could take it to the next resistance level of 112.67.
Amid a lack of macroeconomic releases in Japan today, investor sentiment would be determined by global macroeconomic factors.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
