For the 24 hours to 23:00 GMT, the USD rose 0.37% against the JPY and closed at 110.88.
In the Asian session, at GMT0300, the pair is trading at 111.05, with the USD trading 0.15% higher against the JPY from yesterday’s close.
The pair is expected to find support at 110.61, and a fall through could take it to the next support level of 110.16. The pair is expected to find its first resistance at 111.28, and a rise through could take it to the next resistance level of 111.50.
Trading trend in the Japanese yen will be determined by Japan’s machinery orders for May, set to release overnight.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
