USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.79% against the JPY and closed at 109.03.
On Friday, data showed that Japan’s final industrial production climbed 3.2% MoM in February, compared to a rise of 2.0% in the preliminary print.
In the Asian session, at GMT0300, the pair is trading at 108.96, with the USD trading 0.06% lower against the JPY from yesterday’s close.
The pair is expected to find support at 108.31, and a fall through could take it to the next support level of 107.66. The pair is expected to find its first resistance at 109.41, and a rise through could take it to the next resistance level of 109.86.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
