USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.7% against the JPY and closed at 101.88.
In the Asian session, at GMT0300, the pair is trading at 101.99, with the USD trading 0.11% higher against the JPY from yesterday’s close.
The pair is expected to find support at 101.36, and a fall through could take it to the next support level of 100.72. The pair is expected to find its first resistance at 102.41, and a rise through could take it to the next resistance level of 102.82.
Moving ahead, Japan’s preliminary GDP data for Q2, due to release in the weekend, will be on investor’s radar.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
