USD/JPY: Japanese Yen reverses it losses in the morning session

USDJPY

USDJPY Movement

For the 24 hours to 23:00 GMT, the USD rose 0.05% against the JPY and closed at 109.98.

In the Asian session, at GMT0400, the pair is trading at 109.78, with the USD trading 0.18% lower against the JPY from yesterday’s close.

The pair is expected to find support at 109.59, and a fall through could take it to the next support level of 109.40. The pair is expected to find its first resistance at 110.01, and a rise through could take it to the next resistance level of 110.24.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

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