USD/JPY: Japanese Yen trading on a weaker footing in the Asian session

USDJPY

USDJPY Movement

For the 24 hours to 23:00 GMT, the USD strengthened 0.65% against the JPY and closed at 109.96.

In the Asian session, at GMT0300, the pair is trading at 110.1, with the USD trading 0.13% higher from yesterday’s close.

The pair is expected to find support at 109.43, and a fall through could take it to the next support level of 108.77. The pair is expected to find its first resistance at 110.47, and a rise through could take it to the next resistance level of 110.85.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

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