USDJPY Movement
For the 24 hours to 23:00 GMT, the USD advanced 0.26% against the JPY and closed at 120.57.
In the Asian session, at GMT0300, the pair is trading at 120.3, with the USD trading 0.23% lower from Friday’s close.
The pair is expected to find support at 119.79, and a fall through could take it to the next support level of 119.29. The pair is expected to find its first resistance at 121.03, and a rise through could take it to the next resistance level of 121.76.
Meanwhile, market participants will keep a close watch on Japan’s Coincident and Leading Economic Indices data, both for the month of July, scheduled in a few hours.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
