USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.69% against the JPY and closed at 98.25.
In the Asian session, at GMT0300, the pair is trading at 98.13, with the USD trading 0.12% lower from yesterday’s close.
The pair is expected to find support at 97.69, and a fall through could take it to the next support level of 97.24. The pair is expected to find its first resistance at 98.72, and a rise through could take it to the next resistance level of 99.31.
Japanese economic data to be released today includes leading economic index and coincident index for June.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
