USDJPY Movement
On Friday, the USD weakened 0.06% against the JPY and closed at 124.08.
In the Asian session, at GMT0300, the pair is trading at 124.18, with the USD trading 0.08% higher from Friday’s close.
The pair is expected to find support at 123.99, and a fall through could take it to the next support level of 123.81. The pair is expected to find its first resistance at 124.29, and a rise through could take it to the next resistance level of 124.40.
On account of a national holiday in Japan, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
