USDJPY Movement
For the 24 hours to 23:00 GMT, the USD marginally rose against the JPY and closed at 110.69 on Friday.
In the Asian session, at GMT0400, the pair is trading at 110.65, with the USD trading slightly lower against the JPY from Friday’s close.
The pair is expected to find support at 110.50, and a fall through could take it to the next support level of 110.36. The pair is expected to find its first resistance at 110.85, and a rise through could take it to the next resistance level of 111.06.
Trading trend in the Japanese Yen today, is expected to be determined by Japan’s coincident index and leading index, both for December, scheduled to release in a while.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
