USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 1.49% against the JPY and closed at 113.99.
In the Asian session, at GMT0400, the pair is trading at 113.91, with the USD trading 0.07% lower from yesterday’s close.
Overnight data showed that Japan’s monetary base rose 29.0% on an annual basis in February, following an advance of 28.9% in the previous month.
The pair is expected to find support at 112.77, and a fall through could take it to the next support level of 111.63. The pair is expected to find its first resistance at 114.63, and a rise through could take it to the next resistance level of 115.34.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
