USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.63% against the JPY and closed at 119.13.
In the Asian session, at GMT0300, the pair is trading at 119.24, with the USD trading 0.1% higher from yesterday’s close.
The pair is expected to find support at 118.85, and a fall through could take it to the next support level of 118.47. The pair is expected to find its first resistance at 119.81, and a rise through could take it to the next resistance level of 120.38.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
