USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.30% against the JPY and closed at 98.64, in a holiday thin trade.
In the Asian session, at GMT0300, the pair is trading at 98.50, with the USD trading 0.14% lower from yesterday’s close.
The pair is expected to find support at 98.15, and a fall through could take it to the next support level of 97.80. The pair is expected to find its first resistance at 98.79, and a rise through could take it to the next resistance level of 99.07.
Investors are awaiting the release of Japan’s industrial production data, due later today.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
