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

Japanese Yen Extends Its Losses In The Morning Session

For the 24 hours to 23:00 GMT, the USD rose 0.36% against the JPY and closed at 106.35.

In the Asian session, at GMT0300, the pair is trading at 106.67, with the USD trading 0.30% higher against the JPY from yesterday’s close.

The pair is expected to find support at 106.14, and a fall through could take it to the next support level of 105.62. The pair is expected to find its first resistance at 106.97, and a rise through could take it to the next resistance level of 107.28.

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

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