USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.12% against the JPY and closed at 110.79.
In the Asian session, at GMT0400, the pair is trading at 110.66, with the USD trading 0.12% lower against the JPY from yesterday’s close.
The pair is expected to find support at 110.14, and a fall through could take it to the next support level of 109.62. The pair is expected to find its first resistance at 111.27, and a rise through could take it to the next resistance level of 111.88.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
