USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.82% against the JPY and closed at 90.44.
Yesterday, the Japanese Prime Minister, Shinzo Abe, urged the Bank of Japan (BoJ) to implement bolder policies to achieve its 2% inflation target at the earliest possible time.
In the Asian session, at GMT0400, the pair is trading at 90.8, with the USD trading 0.39% higher from yesterday’s close.
The pair is expected to find support at 90.43, and a fall through could take it to the next support level of 90.06. The pair is expected to find its first resistance at 91.14, and a rise through could take it to the next resistance level of 91.48.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
