USDJPY Movement
On Friday, the USD declined 0.15% against the USD and closed at 119.97.
In the Asian session, at GMT0300, the pair is trading at 119.75, with the USD trading 0.18% lower from Friday’s close.
The pair is expected to find support at 119.15, and a fall through could take it to the next support level of 118.55. 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 120.74.
Going ahead, investors would look forward to the nation’s national CPI data, scheduled later in the week.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
