For the 24 hours to 23:00 GMT, the USD rose 0.43% against the JPY and closed at 108.85.

In the Asian session, at GMT0300, the pair is trading at 108.69, with the USD trading 0.15% lower against the JPY from yesterday’s close.

The pair is expected to find support at 108.27, and a fall through could take it to the next support level of 107.84. The pair is expected to find its first resistance at 109.01, and a rise through could take it to the next resistance level of 109.32.

- advertisement -

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.