USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.74% against the JPY and closed at 109.95.
In the Asian session, at GMT0300, the pair is trading at 110.17, with the USD trading 0.2% higher against the JPY from yesterday’s close.
The pair is expected to find support at 109.76, and a fall through could take it to the next support level of 109.36. The pair is expected to find its first resistance at 110.66, and a rise through could take it to the next resistance level of 111.16.
Next week, traders will eye Japan’s trade balance figures and Eco-Watchers survey data.
The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.
