USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.30% against the JPY and closed at 98.43.
In the Asian session, at GMT0300, the pair is trading at 98.90, with the USD trading 0.48% higher from yesterday’s close.
The pair is expected to find support at 98.40, and a fall through could take it to the next support level of 97.89. The pair is expected to find its first resistance at 99.27, and a rise through could take it to the next resistance level of 99.64.
Investors await the release of Japan’s consumer price index data, which is expected to register a 0.8% (YoY) growth in September, following a 0.7% increase seen in the previous month.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
