USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.33% against the JPY and closed at 106.26.
In the Asian session, at GMT0300, the pair is trading at 106.50, with the USD trading 0.23% higher against the JPY from yesterday’s close.
The pair is expected to find support at 106.23, and a fall through could take it to the next support level of 105.97. The pair is expected to find its first resistance at 106.69, and a rise through could take it to the next resistance level of 106.89.
With no macroeconomic releases in Japan today, investor sentiment would be governed by global macroeconomic events.
The currency pair is trading above its 20 Hr moving average and showing convergence with its and 50 Hr moving average.
