USDJPY Movement
On Friday, the USD strengthened 0.42% against the JPY and closed at 120.34.
In the Asian session, at GMT0400, the pair is trading at 120.60, with the USD trading 0.22% higher from Friday’s close.
Earlier today, data from Japan indicated that the Nomura/JMMA manufacturing PMI in remained steady at 52.0 in December.
The pair is expected to find support at 120.02, and a fall through could take it to the next support level of 119.44. The pair is expected to find its first resistance at 120.97, and a rise through could take it to the next resistance level of 121.34.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
