USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 1.34% against the JPY and closed at 119.59.
In the Asian session, at GMT0300, the pair is trading at 119.99, with the USD trading 0.34% higher from yesterday’s close.
Overnight data indicated that Japan’s monetary base climbed 33.30% in August on a YoY basis. In the prior month, it had risen 32.80%.
The pair is expected to find support at 119.15, and a fall through could take it to the next support level of 118.32. The pair is expected to find its first resistance at 120.88, and a rise through could take it to the next resistance level of 121.77.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
