USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.41% against the JPY and closed at 102.27 on Friday.
In the Asian session, at GMT0300, the pair is trading at 102.06, with the USD trading 0.21% lower against the JPY from Friday’s close.
The pair is expected to find support at 101.72, and a fall through could take it to the next support level of 101.38. The pair is expected to find its first resistance at 102.43, and a rise through could take it to the next resistance level of 102.80.
On account of a holiday in Japan today, trading trends in the Japanese Yen are expected to be determined by global macroeconomic events.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
