USDJPY Movement
On Friday, the USD weakened 0.09% against the JPY and closed at 102.39.
In the Asian session, at GMT0300, the pair is trading at 102.28, with the USD trading 0.11% lower from Friday’s close.
The pair is expected to find support at 102.03, and a fall through could take it to the next support level of 101.79. The pair is expected to find its first resistance at 102.63, and a rise through could take it to the next resistance level of 102.98.
Amid lack of economic releases from Japan today, investors would shift their focus on leading economic and coincident indices, scheduled for tomorrow.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
