USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.48% against the JPY and closed at 113.94.
In the Asian session, at GMT0300, the pair is trading at 113.90, with the USD trading a tad lower against the JPY from yesterday’s close.
The pair is expected to find support at 113.45, and a fall through could take it to the next support level of 112.99. The pair is expected to find its first resistance at 114.19, and a rise through could take it to the next resistance level of 114.47.
Amid no major macroeconomic releases in Japan today, Yen investors will focus on global macroeconomic factors for further direction.
The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.
