USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.53% against the JPY and closed at 97.65.
In the Asian session, at GMT0300, the pair is trading at 97.77, with the USD trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 97.36, and a fall through could take it to the next support level of 96.95. The pair is expected to find its first resistance at 98.05, and a rise through could take it to the next resistance level of 98.34.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
