For the 24 hours to 23:00 GMT, the USD slightly declined against the JPY and closed at 111.41.
In the Asian session, at GMT0300, the pair is trading at 111.66, with the USD trading 0.22% higher against the JPY from yesterday’s close.
The pair is expected to find support at 111.25, and a fall through could take it to the next support level of 110.84. The pair is expected to find its first resistance at 111.87, and a rise through could take it to the next resistance level of 112.08.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
