USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.06% against the JPY and closed at 112.28.
In the Asian session, at GMT0300, the pair is trading at 112.15, with the USD trading 0.12% lower against the JPY from yesterday’s close.
The pair is expected to find support at 112.01, and a fall through could take it to the next support level of 111.87. The pair is expected to find its first resistance at 112.37, and a rise through could take it to the next resistance level of 112.59.
Moving ahead, investors would closely monitor Japan’s national consumer price index for August and Nikkei PMI manufacturing data for September, scheduled to release overnight.
The currency pair is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.
