For the 24 hours to 23:00 GMT, the USD declined 0.44% against the JPY and closed at 107.56 on Friday.

In the Asian session, at GMT0300, the pair is trading at 107.69, with the USD trading 0.12% higher against the JPY from Friday’s close.

The pair is expected to find support at 107.47, and a fall through could take it to the next support level of 107.25. The pair is expected to find its first resistance at 107.97, and a rise through could take it to the next resistance level of 108.25.

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Going ahead, traders would await Japan’s manufacturing PMI for September, slated to release overnight.

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

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