USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 3.62% against the JPY and closed at 102.21.
In the Asian session, at GMT0300, the pair is trading at 101.77, with the USD trading 0.43% lower against the JPY from Friday’s close.
The pair is expected to find support at 98.95, and a fall through could take it to the next support level of 96.12. The pair is expected to find its first resistance at 104.73, and a rise through could take it to the next resistance level of 107.68.
With no economic releases in Japan today, investor sentiment would be governed by global macroeconomic news.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
