USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.54% against the JPY and closed at 111.39.
In the Asian session, at GMT0300, the pair is trading at 111.64, with the USD trading 0.22% higher against the JPY from yesterday’s close.
The pair is expected to find support at 111.09, and a fall through could take it to the next support level of 110.55. The pair is expected to find its first resistance at 111.93, and a rise through could take it to the next resistance level of 112.23.
Looking ahead, Japan’s final GDP, Nikkei services PMI, trade balance, tertiary industry index and Eco-Watchers survey data, all slated to release next week, will be on investors’ radar.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
