USDJPY Movement
For the 24 hours to 23:00 GMT, the USD rose 0.16% against the JPY and closed at 109.82.
In the Asian session, at GMT0300, the pair is trading at 109.89, with the USD trading 0.06% higher against the JPY from yesterday’s close.
Data released overnight indicated that Japan’s Nikkei services PMI declined to a level of 51.0 in May, compared to a level of 52.5 in the previous month.
The pair is expected to find support at 109.51, and a fall through could take it to the next support level of 109.13. The pair is expected to find its first resistance at 110.13, and a rise through could take it to the next resistance level of 110.37.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
