Contributors Fundamental Analysis Japanese Yen Trading On A Weaker Footing This Morning

Japanese Yen Trading On A Weaker Footing This Morning

For the 24 hours to 23:00 GMT, the USD declined 0.15% against the JPY and closed at 113.24.

In the Asian session, at GMT0400, the pair is trading at 113.44, with the USD trading 0.18% higher against the JPY from yesterday’s close.

The pair is expected to find support at 113.21, and a fall through could take it to the next support level of 112.99. The pair is expected to find its first resistance at 113.59, and a rise through could take it to the next resistance level of 113.75.

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

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