USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.08% against the JPY and closed at 99.10.
In the Asian session, at GMT0300, the pair is trading at 99.29, with the USD trading 0.19% higher from yesterday’s close.
The pair is expected to find support at 98.83, and a fall through could take it to the next support level of 98.37. The pair is expected to find its first resistance at 99.56, and a rise through could take it to the next resistance level of 99.83.
Amid lack of economic releases in Japan, investors are expected to eye global economic news for further guidance.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
