USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.21% against the JPY and closed at 119.49.
In the Asian session, at GMT0400, the pair is trading at 119.31, with the USD trading 0.15% lower from yesterday’s close.
The pair is expected to find support at 119.11, and a fall through could take it to the next support level of 118.90. The pair is expected to find its first resistance at 119.64, and a rise through could take it to the next resistance level of 119.97.
Meanwhile, market participants would keep a close eye on Japan’s national CPI and unemployment rate data.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
