USD/JPY: Japan’s Nikkei services sector activity declined in November.


USDJPY Movement

For the 24 hours to 23:00 GMT, the USD declined 0.76% against the JPY and closed at 112.74.

In the Asian session, at GMT0400, the pair is trading at 112.93, with the USD trading 0.17% higher against the JPY from yesterday’s close.

Overnight data showed that Japan’s Nikkei services PMI slid to a level of 52.3 in November, compared to a reading of 52.4 in the prior month.

The pair is expected to find support at 112.56, and a fall through could take it to the next support level of 112.18. The pair is expected to find its first resistance at 113.33, and a rise through could take it to the next resistance level of 113.72.

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

This entry was posted in USD/JPY. Bookmark the permalink.

Comments are closed.