USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.48% against the JPY and closed at 112.28.
In the Asian session, at GMT0300, the pair is trading at 112.41, with the USD trading 0.12% higher against the JPY from yesterday’s close.
The pair is expected to find support at 111.76, and a fall through could take it to the next support level of 111.11. The pair is expected to find its first resistance at 112.8, and a rise through could take it to the next resistance level of 113.19.
Going ahead, traders will focus on Japan’s final machine tool orders data for August, due to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
