For the 24 hours to 23:00 GMT, the USD declined 0.28% against the JPY and closed at 110.53.

In the Asian session, at GMT0300, the pair is trading at 110.41, with the USD trading 0.11% lower against the JPY from yesterday’s close.

Overnight data indicated that Japan Nikkei services PMI rose to a level of 51.4 in June, expanded at its weakest pace in the 21 months of expansion. In the prior month, the PMI had recorded a level of 51.0.

- advertisement -

The pair is expected to find support at 110.09, and a fall through could take it to the next support level of 109.76. The pair is expected to find its first resistance at 110.93, and a rise through could take it to the next resistance level of 111.44.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.