USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.94% against the JPY and closed at 102.95 on Friday.
In the Asian session, at GMT0300, the pair is trading at 102.95, with the USD trading flat against the JPY from Friday’s close.
The pair is expected to find support at 102.53, and a fall through could take it to the next support level of 102.12. The pair is expected to find its first resistance at 103.67, and a rise through could take it to the next resistance level of 104.4.
On account of a holiday in Japan today, Yen investors would look to global events for direction.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
