USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined marginally against the JPY and closed at 102.45.
In the Asian session, at GMT0300, the pair is trading at 102.12, with the USD trading 0.32% lower against the JPY from yesterday’s close.
The pair is expected to find support at 101.58, and a fall through could take it to the next support level of 101.04. The pair is expected to find its first resistance at 103.00, and a rise through could take it to the next resistance level of 103.88.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
