USD/JPY: Japanese Yen trading higher this morning

USDJPY

USDJPY Movement

For the 24 hours to 23:00 GMT, the USD rose 0.23% against the JPY and closed at 112.40.

In the Asian session, at GMT0300, the pair is trading at 112.26, with the USD trading 0.12% lower against the JPY from yesterday’s close.

The pair is expected to find support at 111.90, and a fall through could take it to the next support level of 111.55. The pair is expected to find its first resistance at 112.64, and a rise through could take it to the next resistance level of 113.03.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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