USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.28% against the JPY and closed at 110.53.
In the Asian session, at GMT0300, the pair is trading at 110.41, with the USD trading 0.11% lower against the JPY from yesterday’s close.
Overnight data indicated that Japan Nikkei services PMI rose to a level of 51.4 in June, expanded at its weakest pace in the 21 months of expansion. In the prior month, the PMI had recorded a level of 51.0.
The pair is expected to find support at 110.09, and a fall through could take it to the next support level of 109.76. The pair is expected to find its first resistance at 110.93, and a rise through could take it to the next resistance level of 111.44.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
