USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.9% against the JPY and closed at 101.62.
In the Asian session, at GMT0300, the pair is trading at 100.74, with the USD trading 0.87% lower against the JPY from yesterday’s close.
The pair is expected to find support at 100.13, and a fall through could take it to the next support level of 99.52. The pair is expected to find its first resistance at 101.78, and a rise through could take it to the next resistance level of 102.82.
Going ahead, investors will look forward the BoJ Governor, Haruhiko Kuroda’s speech, due in the early hours tomorrow.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
