USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 1.03% against the JPY and closed at 104.68.
In the Asian session, at GMT0300, the pair is trading at 105.53, with the USD trading 0.81% higher against the JPY from yesterday’s close.
The pair is expected to find support at 104.49, and a fall through could take it to the next support level of 103.45. The pair is expected to find its first resistance at 106.06, and a rise through could take it to the next resistance level of 106.59.
The currency pair is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.
