For the 24 hours to 23:00 GMT, the USD slightly declined against the JPY and closed at 108.43.

In the Asian session, at GMT0300, the pair is trading at 108.61, with the USD trading 0.17% higher against the JPY from yesterday’s close.

The pair is expected to find support at 108.38, and a fall through could take it to the next support level of 108.15. The pair is expected to find its first resistance at 108.78, and a rise through could take it to the next resistance level of 108.95.

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Trading trend in the Japanese Yen today, is expected to be determined by Japan’s machine tool orders for May, set to release in a while.

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

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