USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.18% against the JPY and closed at 111.14.
In the Asian session, at GMT0300, the pair is trading at 111.36, with the USD trading 0.20% higher against the JPY from yesterday’s close.
The pair is expected to find support at 111.03, and a fall through could take it to the next support level of 110.71. The pair is expected to find its first resistance at 111.58, and a rise through could take it to the next resistance level of 111.81.
Moving forward, traders will await Japan’s machine tool orders for August, scheduled to release in a while.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
