USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose marginally against the JPY and closed at 103.87.
In the Asian session, at GMT0300, the pair is trading at 103.72, with the USD trading 0.14% lower against the JPY from yesterday’s close.
Earlier in the session, data showed that Japan’s all industry activity index advanced by 0.2% on a monthly basis in August, at par with market expectations and compared to a rise of 0.3% in the prior month.
The pair is expected to find support at 103.49, and a fall through could take it to the next support level of 103.27. The pair is expected to find its first resistance at 104.07, and a rise through could take it to the next resistance level of 104.43.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
