USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.48% against the JPY and closed at 103.37.
In the Asian session, at GMT0300, the pair is trading at 103.48, with the USD trading 0.11% higher against the JPY from yesterday’s close.
The pair is expected to find support at 103.14, and a fall through could take it to the next support level of 102.80. The pair is expected to find its first resistance at 103.83, and a rise through could take it to the next resistance level of 104.18.
Looking ahead, investors would keenly watch Japan’s final machine tool orders for September, due to release in a while.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
