USDJPY Movement
For the 24 hours to 23:00 GMT on Friday, the USD weakened 0.66% against the JPY and closed at 85.93.
In the Asian session, at GMT0400, the pair is trading at 86.15, with the USD trading 0.25% higher from Friday’s close.
The pair is expected to find support at 85.82, and a fall through could take it to the next support level of 85.49. The pair is expected to find its first resistance at 86.48, and a rise through could take it to the next resistance level of 86.81.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
