USDJPY Movement
For the 24 hours to 23:00 GMT, the USD remained flat against the JPY and closed at 111.48.
In the Asian session, at GMT0300, the pair is trading at 111.29, with the USD trading 0.17% lower against the JPY from yesterday’s close.
The pair is expected to find support at 111.05, and a fall through could take it to the next support level of 110.82. The pair is expected to find its first resistance at 111.64, and a rise through could take it to the next resistance level of 112.00.
Looking forward, investor would keep a close watch on Japan’s overall household spending data for July, scheduled to release overnight.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
