USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.38% against the JPY and closed at 102.49, following the recent batch of upbeat US economic data.
In the Asian session, at GMT0300, the pair is trading at 102.50, with the USD trading slightly higher from yesterday’s close, in a thin trading session on account of public holiday in Japan.
The pair is expected to find support at 102.18, and a fall through could take it to the next support level of 101.87. The pair is expected to find its first resistance at 102.73, and a rise through could take it to the next resistance level of 102.96.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
