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.
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.