USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.1% against the JPY and closed at 112.47.
In the Asian session, at GMT0300, the pair is trading at 111.70, with the USD trading 0.68% lower against the JPY from yesterday’s close.
The pair is expected to find support at 111.33, and a fall through could take it to the next support level of 110.95. The pair is expected to find its first resistance at 112.40, and a rise through could take it to the next resistance level of 113.09.
Next week, investors would look forward to Japan’s national consumer price index, jobless rate, flash Nikkei manufacturing PMI and the small business optimism index.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
