USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.46% against the JPY and closed at 99.66.
In the Asian session, at GMT0300, the pair is trading at 99.44, with the USD trading 0.22% lower from yesterday’s close.
In economic news, the corporate service price index (CSPI) in Japan declined 0.2% annually in March.
The pair is expected to find support at 98.69, and a fall through could take it to the next support level of 97.93. The pair is expected to find its first resistance at 99.99, and a rise through could take it to the next resistance level of 100.53.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
