USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.23% against the JPY and closed at 103.85.
In the Asian session, at GMT0300, the pair is trading at 103.82, with the USD trading marginally lower against the JPY from yesterday’s close.
The pair is expected to find support at 103.52, and a fall through could take it to the next support level of 103.23. The pair is expected to find its first resistance at 104.24, and a rise through could take it to the next resistance level of 104.67.
With no economic releases in Japan today, investors would look forward to global events for further direction.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
