USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.52% against the JPY and closed at 112.86.
In the Asian session, at GMT0400, the pair is trading at 113.03, with the USD trading 0.15% higher against the JPY from yesterday’s close.
The pair is expected to find support at 112.58, and a fall through could take it to the next support level of 112.13. The pair is expected to find its first resistance at 113.38, and a rise through could take it to the next resistance level of 113.73.
Amid no major macroeconomic releases in Japan today, Yen investors would look forward to global macroeconomic factors for further direction.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
