USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 2.65% against the JPY and closed at 102.02.
In the Asian session, at GMT0300, the pair is trading at 102.56, with the USD trading 0.53% higher against the JPY from Friday’s close.
Early morning data indicated that, Japan’s final manufacturing PMI advanced to a level of 49.3 in July, following a preliminary reading of 49.0.
The pair is expected to find support at 101.39, and a fall through could take it to the next support level of 100.22. The pair is expected to find its first resistance at 104.28, and a rise through could take it to the next resistance level of 106.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
