For the 24 hours to 23:00 GMT, the USD declined 0.13% against the JPY and closed at 109.42 on Friday.
In the Asian session, at GMT0400, the pair is trading at 109.15, with the USD trading 0.25% lower against the JPY from Friday’s close.
The pair is expected to find support at 108.95, and a fall through could take it to the next support level of 108.75. The pair is expected to find its first resistance at 109.47, and a rise through could take it to the next resistance level of 109.79.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
