USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.41% against the JPY and closed at 119.79.
In the Asian session, at GMT0400, the pair is trading at 119.52, with the USD trading 0.22% lower from yesterday’s close.
Data just released indicated that Japan’s leading index advanced to a level of 103.8 in November, compared to a reading of 104.5 registered in October, while the nation’s coincident index rose to a level of 108.9 in November, down from previous month’s reading of 109.9.
The pair is expected to find support at 119.28, and a fall through could take it to the next support level of 119.03. The pair is expected to find its first resistance at 119.87, and a rise through could take it to the next resistance level of 120.22.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
