USDJPY Movement
For the 24 hours to 23:00 GMT, the USD traded flat against the JPY and closed at 106.02.
In the Asian session, at GMT0300, the pair is trading at 106.24, with the USD trading 0.21% higher against the JPY from yesterday’s close.
The pair is expected to find support at 105.79, and a fall through could take it to the next support level of 105.35. The pair is expected to find its first resistance at 106.49, and a rise through could take it to the next resistance level of 106.75.
Going ahead, investors will look forward to the Bank of Japan’s interest rate decision, scheduled to be announced in the early hours tomorrow.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
