USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.99% against the JPY and closed at 100.22.
Earlier on Thursday, Japan’s Ministry of Economy, Trade and Industry reported that industrial production in the nation rose 5.1% (YoY) in September, rebounding from a 0.4% (YoY) drop registered in August. However, the rise was below market expectations.
In the Asian session, at GMT0400, the pair is trading at 100.22, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 99.75, and a fall through could take it to the next support level of 99.27. The pair is expected to find its first resistance at 100.51, and a rise through could take it to the next resistance level of 100.79.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
