USD/JPY: Japanese Yen trading on a stronger footing this morning

USDJPY

USDJPY Movement

For the 24 hours to 23:00 GMT, the USD declined 0.58% against the JPY and closed at 109.18.

In the Asian session, at GMT0300, the pair is trading at 108.98, with the USD trading 0.18% lower against the JPY from yesterday’s close.

The pair is expected to find support at 108.69, and a fall through could take it to the next support level of 108.41. The pair is expected to find its first resistance at 109.5, and a rise through could take it to the next resistance level of 110.03.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

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