USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.63% against the JPY and closed at 103.34.
In the Asian session, at GMT0400, the pair is trading at 102.59, with the USD trading 0.73% lower against the JPY from yesterday’s close.
The pair is expected to find support at 102.11, and a fall through could take it to the next support level of 101.63. The pair is expected to find its first resistance at 103.50, and a rise through could take it to the next resistance level of 104.41.
Amid a holiday observed in Japan today, investors would look forward to global events for direction.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
