USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.61% against the JPY and closed at 102.48.
In the Asian session, at GMT0300, the pair is trading at 102.98, with the USD trading 0.49% higher against the JPY from yesterday’s close.
Earlier in the session, data showed that Japan’s final industrial production unexpectedly fell by 0.4% MoM in July, while markets had envisaged for a flat reading.
The pair is expected to find support at 101.91, and a fall through could take it to the next support level of 100.83. The pair is expected to find its first resistance at 103.62, and a rise through could take it to the next resistance level of 104.25.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
