USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 1.28% against the JPY and closed at 102.10.
In the Asian session, at GMT0300, the pair is trading at 101.44, with the USD trading 0.65% lower against the JPY from yesterday’s close.
The pair is expected to find support at 100.48, and a fall through could take it to the next support level of 99.53. The pair is expected to find its first resistance at 103.09, and a rise through could take it to the next resistance level of 104.75.
Looking ahead, investors await Japan’s preliminary leading economic and coincident indices data for July, scheduled to release in some time.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
