For the 24 hours to 23:00 GMT, the USD rose 1.74% against the JPY and closed at 109.78, as persistent concerns over the coronavirus prompting investors to seek shelter in the safe-haven currency.
In the Asian session, at GMT0400, the pair is trading at 109.87, with the USD trading 0.08% higher against the JPY from yesterday’s close.
The pair is expected to find support at 109.71, and a fall through could take it to the next support level of 109.54. The pair is expected to find its first resistance at 109.97, and a rise through could take it to the next resistance level of 110.06.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
