USD/JPY: Japanese Yen reverses its losses in the Asian session

USDJPY

USDJPY Movement

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the JPY and closed at 109.66 on Friday.

In the Asian session, at GMT0400, the pair is trading at 109.37, with the USD trading 0.26% lower against the JPY from Friday’s close.

The pair is expected to find support at 109.11, and a fall through could take it to the next support level of 108.85. The pair is expected to find its first resistance at 109.79, and a rise through could take it to the next resistance level of 110.21.

The currency pair is trading below its 20 Hr and 50 Hr moving average.

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