USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.15% against the JPY and closed at 98.22.
The Yen recorded losses, ahead of the Bank of Japan’s (BoJ) policy meeting next week as market participants anticipate for further easing measures form the central bank to support the ailing economy.
In the Asian session, at GMT0300, the pair is trading at 98.43, with the USD trading 0.21% higher from yesterday’s close.
The pair is expected to find support at 97.94, and a fall through could take it to the next support level of 97.45. The pair is expected to find its first resistance at 98.79, and a rise through could take it to the next resistance level of 99.15.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
