USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.20% against the JPY and closed at 113.63 on Friday.
Overnight data showed that Japan’s final manufacturing PMI remained unchanged at 52.5 in September, while preliminary figures had indicated an advance to a level of 52.9.
In the Asian session, at GMT0300, the pair is trading at 113.93, with the USD trading 0.26% higher against the JPY from Friday’s close.
The pair is expected to find support at 113.51, and a fall through could take it to the next support level of 113.10. The pair is expected to find its first resistance at 114.15, and a rise through could take it to the next resistance level of 114.38.
Amid lack of macroeconomic releases in Japan today, investor sentiment will be determined by global macroeconomic factors.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
