USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.16% against the JPY and closed at 119.93.
In the Asian session, at GMT0300, the pair is trading at 119.94, with the USD trading a tad higher from yesterday’s close.
The pair is expected to find support at 119.6, and a fall through could take it to the next support level of 119.27. The pair is expected to find its first resistance at 120.4, and a rise through could take it to the next resistance level of 120.86.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
