USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.19% against the JPY and closed at 109.93 on Friday.
In the Asian session, at GMT0300, the pair is trading at 109.73, with the USD trading 0.18% lower against the JPY from Friday’s close.
The pair is expected to find support at 109.46, and a fall through could take it to the next support level of 109.19. The pair is expected to find its first resistance at 110.02, and a rise through could take it to the next resistance level of 110.31.
Trading trend in the Japanese Yen today, is expected to be determined by Japan’s leading index and coincident index, both for March, set to release in a while.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
