USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.27% against the JPY and closed at 113.63.
In the Asian session, at GMT0300, the pair is trading at 113.54, with the USD trading 0.08% lower against the JPY from yesterday’s close.
The pair is expected to find support at 113.19, and a fall through could take it to the next support level of 112.85. The pair is expected to find its first resistance at 114.06, and a rise through could take it to the next resistance level of 114.59.
Going forward, traders would eye the release of Japan’s national consumer price index for September, due to release overnight.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
