Contributors Fundamental Analysis Japanese Yen Extends Its Gains In The Morning Session

Japanese Yen Extends Its Gains In The Morning Session

For the 24 hours to 23:00 GMT, the USD declined 0.31% against the JPY and closed at 110.89.

In the Asian session, at GMT0300, the pair is trading at 110.78, with the USD trading 0.10% lower against the JPY from yesterday’s close.

The pair is expected to find support at 110.52, and a fall through could take it to the next support level of 110.27. The pair is expected to find its first resistance at 111.18, and a rise through could take it to the next resistance level of 111.59.

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

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