USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.76% against the JPY and closed at 99.96.
In the Asian session, at GMT0300, the pair is trading at 99.74, with the USD trading 0.22% lower from yesterday’s close, ahead of the release of minutes from last week’s Bank of Japan (BoJ) meeting.
The pair is expected to find support at 99.14, and a fall through could take it to the next support level of 98.55. The pair is expected to find its first resistance at 100.42, and a rise through could take it to the next resistance level of 101.10.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
