USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.44% against the JPY and closed at 103.93.
In the Asian session, at GMT0300, the pair is trading at 103.77, with the USD trading 0.15% lower against the JPY from yesterday’s close.
The pair is expected to find support at 103.34, and a fall through could take it to the next support level of 102.92. The pair is expected to find its first resistance at 104.17, and a rise through could take it to the next resistance level of 104.58.
Going ahead, Japan’s Eco-watchers survey, trade balance (BOP basis), machine orders, flash machine tool orders and tertiary industry index, slated to release next week, would pique a lot of investor attention.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
