USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.26% against the JPY and closed at 117.27.
In the Asian session, at GMT0400, the pair is trading at 117.33, with the USD trading a tad higher from yesterday’s close.
The pair is expected to find support at 116.92, and a fall through could take it to the next support level of 116.5. The pair is expected to find its first resistance at 117.85, and a rise through could take it to the next resistance level of 118.36.
Going forward, investors would concentrate on Japan’s leading and coincident indices data, scheduled in the early hours tomorrow.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
