USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.47% against the JPY and closed at 105.43.
In the Asian session, at GMT0300, the pair is trading at 105.63, with the USD trading 0.19% higher against the JPY from yesterday’s close, amid receding tensions over a potential trade war between the US and China.
The pair is expected to find support at 105.08, and a fall through could take it to the next support level of 104.52. The pair is expected to find its first resistance at 105.97, and a rise through could take it to the next resistance level of 106.30.
Amid no key macroeconomic releases in Japan today, investor sentiment would be governed by global macroeconomic factors.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
