USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.54% against the JPY and closed at 106.16.
In the Asian session, at GMT0300, the pair is trading at 105.91, with the USD trading 0.24% lower against the JPY from yesterday’s close.
The pair is expected to find support at 105.34, and a fall through could take it to the next support level of 104.77. The pair is expected to find its first resistance at 106.4, and a rise through could take it to the next resistance level of 106.89.
With no economic releases in Japan today, investor sentiment would be governed by global macroeconomic factors.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
