USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.76% against the JPY and closed at 114.42.
In the Asian session, at GMT0400, the pair is trading at 114.81, with the USD trading 0.35% higher from yesterday’s close.
The pair is expected to find support at 113.98, and a fall through could take it to the next support level of 113.14. The pair is expected to find its first resistance at 115.27, and a rise through could take it to the next resistance level of 115.73.
Moving ahead, market participants will look forward to Japan’s machine orders data for December, slated to be released overnight.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
