USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.26% against the JPY and closed at 112.34 on Friday.
In the Asian session, at GMT0300, the pair is trading at 112.47, with the USD trading 0.12% higher against the JPY from Friday’s close.
The pair is expected to find support at 112.23, and a fall through could take it to the next support level of 112.00. The pair is expected to find its first resistance at 112.75, and a rise through could take it to the next resistance level of 113.04.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
