For the 24 hours to 23:00 GMT, the USD rose 0.29% against the JPY and closed at 109.29.

In the Asian session, at GMT0400, the pair is trading at 109.21, with the USD trading 0.07% lower against the JPY from yesterday’s close.

The pair is expected to find support at 108.74, and a fall through could take it to the next support level of 108.28. The pair is expected to find its first resistance at 109.58, and a rise through could take it to the next resistance level of 109.96.

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Trading trend in the Japanese Yen today, is expected to be determined by Japan’s coincident index and leading index for September, slated to release in a while.

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


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