USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.66% against the JPY and closed at 118.56.
In the Asian session, at GMT0400, the pair is trading at 119.05, with the USD trading 0.41% higher from yesterday’s close.
The pair is expected to find support at 118.27, and a fall through could take it to the next support level of 117.48. The pair is expected to find its first resistance at 119.62, and a rise through could take it to the next resistance level of 120.2.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
