For the 24 hours to 23:00 GMT, the USD declined 0.18% against the JPY and closed at 112.31.
In the Asian session, at GMT0300, the pair is trading at 112.42, with the USD trading 0.10% higher against the JPY from yesterday’s close.
The pair is expected to find support at 112.24, and a fall through could take it to the next support level of 112.07. The pair is expected to find its first resistance at 112.58, and a rise through could take it to the next resistance level of 112.75.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
