USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.36% against the JPY and closed at 106.82.
In the Asian session, at GMT0300, the pair is trading at 107.1, with the USD trading 0.27% higher from yesterday’s close.
The pair is expected to find support at 105.94, and a fall through could take it to the next support level of 104.78. The pair is expected to find its first resistance at 107.87, and a rise through could take it to the next resistance level of 108.63.
On account of a holiday observed in Japan today, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
