USD/JPY: Japanese Yen trading marginally lower in the Asian session

USDJPY

USDJPY Movement

For the 24 hours to 23:00 GMT, the USD rose 0.39% against the JPY and closed at 108.82 on Friday.

In the Asian session, at GMT0400, the pair is trading at 108.83, with the USD trading a tad higher against the JPY from Friday’s close.

The pair is expected to find support at 108.59, and a fall through could take it to the next support level of 108.34. The pair is expected to find its first resistance at 108.97, and a rise through could take it to the next resistance level of 109.10.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

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