USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.73% against the JPY and closed at 109.97 on Friday.
In the Asian session, at GMT0400, the pair is trading at 109.84, with the USD trading 0.12% lower against the JPY from Friday’s close.
The pair is expected to find support at 109.42, and a fall through could take it to the next support level of 109.00. The pair is expected to find its first resistance at 110.55, and a rise through could take it to the next resistance level of 111.26.
With no macroeconomic releases in Japan today, investors would look forward to global macroeconomic releases for further directions.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
