USDJPY Movement
On Friday, the USD weakened 0.52% against the JPY and closed at 95.45.
Earlier on Friday, Japan’s Parliament approved Prime Minister, Shinzo Abe’s nominee for central bank governor, Haruhiko Kuroda, and nominees for the two deputy governor posts, thereby paving way for radical monetary easing measures.
In the Asian session, at GMT0400, the pair is trading at 94.77, with the USD trading 0.71% lower from Friday’s close.
The pair is expected to find support at 94.15, and a fall through could take it to the next support level of 93.52. The pair is expected to find its first resistance at 95.84, and a rise through could take it to the next resistance level of 96.91.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
