USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.76% against the JPY and closed at 103.99.
In the Asian session, at GMT0400, the pair is trading at 103.78, with the USD trading 0.2% lower against the JPY from yesterday’s close.
Earlier in the session, data revealed that Japan’s consumer confidence index declined more-than-expected to a level of 42.3 in October, compared to a level of 43.0 in the prior month while investors had envisaged the index to drop to a level of 42.6.
The pair is expected to find support at 103.24, and a fall through could take it to the next support level of 102.71. The pair is expected to find its first resistance at 104.71, and a rise through could take it to the next resistance level of 105.65.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
