USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.24% against the JPY and closed at 114.11 on Friday.
In the Asian session, at GMT0400, the pair is trading at 113.83, with the USD trading 0.25% lower against the JPY from Friday’s close.
The pair is expected to find support at 113.43, and a fall through could take it to the next support level of 113.04. The pair is expected to find its first resistance at 114.48, and a rise through could take it to the next resistance level of 115.14.
Amid a lack of economic releases in Japan today, investors will look forward to global macroeconomic factors for further direction.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
