USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.21% against the JPY and closed at 107.24.
In the Asian session, at GMT0300, the pair is trading at 107.43, with the USD trading 0.18% higher against the JPY from yesterday’s close.
The pair is expected to find support at 107.18, and a fall through could take it to the next support level of 106.93. The pair is expected to find its first resistance at 107.60, and a rise through could take it to the next resistance level of 107.77.
Moving ahead, traders would keep a close watch on Japan’s national consumer price index for March, due to release overnight.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
