USD/JPY: Japanese Yen trading on a weaker footing this morning

USDJPY

USDJPY Movement

For the 24 hours to 23:00 GMT, the USD rose 0.19% against the JPY and closed at 105.42.

In the Asian session, at GMT0300, the pair is trading at 105.51, with the USD trading 0.09% higher against the JPY from Friday’s close.

The pair is expected to find support at 104.65, and a fall through could take it to the next support level of 103.80. The pair is expected to find its first resistance at 106.33, and a rise through could take it to the next resistance level of 107.16.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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