USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 1.53% against the JPY and closed at 113.43.
In the Asian session, at GMT0400, the pair is trading at 112.74, with the USD trading 0.61% lower from yesterday’s close.
The pair is expected to find support at 111.78, and a fall through could take it to the next support level of 110.83. The pair is expected to find its first resistance at 114.45, and a rise through could take it to the next resistance level of 116.16.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
