USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 1.58% against the JPY and closed at 108.41 on Friday.
In the Asian session, at GMT0300, the pair is trading at 108.92, with the USD trading 0.47% higher against the JPY from Friday’s close.
The pair is expected to find support at 108.12, and a fall through could take it to the next support level of 107.31. The pair is expected to find its first resistance at 109.41, and a rise through could take it to the next resistance level of 109.89.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
