USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.47% against the JPY and closed at 115.23, extending its earlier session gains.
In the Asian session, at GMT0400, the pair is trading at 115.24, with the USD trading a tad higher from yesterday’s close.
The pair is expected to find support at 114.36, and a fall through could take it to the next support level of 113.48. The pair is expected to find its first resistance at 115.83, and a rise through could take it to the next resistance level of 116.41.
Amid lack of any major economic data from Japan today, market sentiments would depend upon global macroeconomic news.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
