USD/JPY: Japanese Yen trading higher in the morning session

USDJPY

USDJPY Movement

For the 24 hours to 23:00 GMT, the USD rose 1.26% against the JPY and closed at 110.2.

In the Asian session, at GMT0400, the pair is trading at 110.53, with the USD trading 0.3% higher against the JPY from yesterday’s close.

The pair is expected to find support at 109.24, and a fall through could take it to the next support level of 107.96. The pair is expected to find its first resistance at 111.29, and a rise through could take it to the next resistance level of 112.06.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

This entry was posted in USD/JPY. Bookmark the permalink.

Comments are closed.