USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.08% against the JPY and closed at 102.39.
In the Asian session, at GMT0300, the pair is trading at 102.57, with the USD trading 0.18% higher against the JPY from yesterday’s close.
The pair is expected to find support at 102.16, and a fall through could take it to the next support level of 101.76. The pair is expected to find its first resistance at 102.89, and a rise through could take it to the next resistance level of 103.22.
Investors would now concentrate on the release of BoJ’s recent monetary policy meeting minutes, scheduled to release tonight.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
