USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.11% against the JPY and closed at 106.71 on Friday.
In the Asian session, at GMT0400, the pair is trading at 106.56, with the USD trading 0.14% lower against the JPY from Friday’s close.
The pair is expected to find support at 106.27, and a fall through could take it to the next support level of 105.97. The pair is expected to find its first resistance at 107.03, and a rise through could take it to the next resistance level of 107.49.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
