Contributors Fundamental Analysis Japanese Yen Trading Lower In The Morning Session

Japanese Yen Trading Lower In The Morning Session

For the 24 hours to 23:00 GMT, the USD slightly rose against the JPY and closed at 108.67 on Friday.

In the Asian session, at GMT0400, the pair is trading at 108.75, with the USD trading 0.07% higher against the JPY from Friday’s close.

The pair is expected to find support at 108.58, and a fall through could take it to the next support level of 108.40. The pair is expected to find its first resistance at 108.86, and a rise through could take it to the next resistance level of 108.96.

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

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