USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.61% against the JPY and closed at 111.63.
In the Asian session, at GMT0300, the pair is trading at 111.66, with the USD trading slightly higher against the JPY from yesterday’s close.
The pair is expected to find support at 111.12, and a fall through could take it to the next support level of 110.58. The pair is expected to find its first resistance at 111.99, and a rise through could take it to the next resistance level of 112.32.
Looking ahead, the Bank of Japan’s (BoJ) latest meeting minutes, scheduled to release overnight, will be on investors’ radar.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
