USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.29% against the JPY and closed at 120.20.
In the Asian session, at GMT0400, the pair is trading at 119.72, with the USD trading 0.41% lower from Thursday’s close.
Early this morning, data showed that Japan’s final Nikkei manufacturing PMI remained steady at a level of 52.6 in December. The preliminary figures had recorded a drop to 52.5.
The pair is expected to find support at 119.41, and a fall through could take it to the next support level of 119.11. The pair is expected to find its first resistance at 120.25, and a rise through could take it to the next resistance level of 120.78.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
