USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.45% against the JPY and closed at 104.86.
In the Asian session, at GMT0400, the pair is trading at 104.26, with the USD trading 0.57% lower from yesterday’s close.
The pair is expected to find support at 103.79, and a fall through could take it to the next support level of 103.32. The pair is expected to find its first resistance at 105.10, and a rise through could take it to the next resistance level of 105.93.
As Japanese markets are closed on account of a bank holiday, traders are expected to keep a close watch on global economic news for further guidance in the pair.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
