USDJPY Movement
For the 24 hours to 23:00 GMT, the USD slightly declined against the JPY and closed at 110.43.
In the Asian session, at GMT0300, the pair is trading at 110.16, with the USD trading 0.24% lower against the JPY from yesterday’s close, as investors lured to safe haven currency after North Korea fired its second missile over Japan, shortly after the United Nations approved sanctions against Kim Jong-Un’s regime.
The pair is expected to find support at 109.95, and a fall through could take it to the next support level of 109.74. The pair is expected to find its first resistance at 110.51, and a rise through could take it to the next resistance level of 110.86.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
