USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.15% against the JPY and closed at 100.43.
In the Asian session, at GMT0300, the pair is trading at 100.42, with the USD trading marginally lower against the JPY from yesterday’s close.
The pair is expected to find support at 100.12, and a fall through could take it to the next support level of 99.83. The pair is expected to find its first resistance at 100.66, and a rise through could take it to the next resistance level of 100.91.
Market participants will look forward to the release of Japan’s national consumer price index data for July, due overnight.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
