USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 120.98.
In the Asian session, at GMT0400, the pair is trading at 120.99, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 120.43, and a fall through could take it to the next support level of 119.87. The pair is expected to find its first resistance at 121.46, and a rise through could take it to the next resistance level of 121.93.
Amid no economic releases in Japan today, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
