USDJPY Movement
For the 24 hours to 23:00 GMT, the USD declined 0.76% against the JPY and closed at 112.74.
In the Asian session, at GMT0400, the pair is trading at 112.93, with the USD trading 0.17% higher against the JPY from yesterday’s close.
Overnight data showed that Japan’s Nikkei services PMI slid to a level of 52.3 in November, compared to a reading of 52.4 in the prior month.
The pair is expected to find support at 112.56, and a fall through could take it to the next support level of 112.18. The pair is expected to find its first resistance at 113.33, and a rise through could take it to the next resistance level of 113.72.
The currency pair is trading in between its 20 Hr and 50 Hr moving averages.
