USDJPY Movement
On Friday, the USD weakened 0.53% against the JPY and closed at 98.91, as disappointing US nonfarm payrolls data put forth an unclear picture of the strength of the nation’s job market recovery.
In the Asian session, at GMT0300, the pair is trading at 98.78, with the USD trading 0.13% lower from Friday’s close.
The pair is expected to find support at 98.30, and a fall through could take it to the next support level of 97.83. The pair is expected to find its first resistance at 99.61, and a rise through could take it to the next resistance level of 100.45.
Later today, the Bank of Japan (BoJ) is scheduled to reveal its monthly economic survey.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
