USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.38% against the JPY and closed at 112.92.
In the Asian session, at GMT0400, the pair is trading at 112.06, with the USD trading 0.76% lower from yesterday’s close.
The pair is expected to find support at 111.55, and a fall through could take it to the next support level of 111.05. The pair is expected to find its first resistance at 112.98, and a rise through could take it to the next resistance level of 113.91.
Looking ahead, investors will keep a close watch on Japan’s leading and coincident indices data, both for the month of December, due for release tomorrow morning.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
