USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose slightly against the JPY and closed at 100.37.
In the Asian session, at GMT0300, the pair is trading at 100.52, with the USD trading 0.15% higher from yesterday’s close.
The pair is expected to find support at 100.13, and a fall through could take it to the next support level of 99.75. The pair is expected to find its first resistance at 100.94, and a rise through could take it to the next resistance level of 101.37.
Moving ahead, investors would look forward to the BoJ Governor’s speech, scheduled in the early hours’ tomorrow.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
