For the 24 hours to 23:00 GMT, the USD rose 0.21% against the JPY and closed at 108.21.
In the Asian session, at GMT0300, the pair is trading at 108.06, with the USD trading 0.14% lower against the JPY from yesterday’s close.
Overnight data revealed that Japan’s Nikkei services PMI declined to a level of 51.7 in May, following a level of 51.8 in the prior month.
The pair is expected to find support at 107.82, and a fall through could take it to the next support level of 107.58. The pair is expected to find its first resistance at 108.33, and a rise through could take it to the next resistance level of 108.60.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
