USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.66% against the JPY and closed at 110.17.
On the data front, Japan’s flash machine tool orders advanced 14.9% on a yearly basis in May, following a rise 22.0% in the previous month.
In the Asian session, at GMT0300, the pair is trading at 110.22, with the USD trading 0.05% higher against the JPY from yesterday’s close.
The pair is expected to find support at 109.60, and a fall through could take it to the next support level of 108.97. The pair is expected to find its first resistance at 110.67, and a rise through could take it to the next resistance level of 111.11.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
