USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.11% against the JPY and closed at 112.22 on Friday.
In the Asian session, at GMT0300, the pair is trading at 112.11, with the USD trading 0.10% lower against the JPY from Friday’s close.
Overnight data showed that Japan’s final industrial production was downwardly revised by 0.2% on an annual basis in August, compare to a rise of 2.2% in the prior month. The preliminary figures had recorded a climb of 0.6%.
The pair is expected to find support at 111.83, and a fall through could take it to the next support level of 111.54. The pair is expected to find its first resistance at 112.45, and a rise through could take it to the next resistance level of 112.78.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
