USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the JPY and closed at 100.12.
In the Asian session, at GMT0300, the pair is trading at 100.72, with the USD trading 0.6% higher against the JPY from Friday’s close.
The pair is expected to find support at 100.23, and a fall through could take it to the next support level of 99.75. The pair is expected to find its first resistance at 100.98, and a rise through could take it to the next resistance level of 101.25.
With no economic releases in Japan today, investors would keenly await BoJ Governor, Haruhiko Kuroda’s speech, scheduled to release in the early hours of tomorrow.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
