USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.06% against the JPY and closed at 100.28.
In the Asian session, at GMT0300, the pair is trading at 100.28, with the USD trading flat against the JPY from yesterday’s close.
Early this morning, data showed that Japan’s final leading index rose to a level of 99.2 in June, from a reading of 98.4 in the previous month. Additionally, the nation’s final coincident index advanced to a level of 111.1 in June, compared to a reading of 110.5 in the prior month.
The pair is expected to find support at 99.96, and a fall through could take it to the next support level of 99.65. The pair is expected to find its first resistance at 100.54, and a rise through could take it to the next resistance level of 100.81.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
