For the 24 hours to 23:00 GMT, the USD rose 0.75% against the JPY and closed at 110.98.

In the Asian session, at GMT0400, the pair is trading at 110.72, with the USD trading 0.23% lower against the JPY from yesterday’s close.

The pair is expected to find support at 110.23, and a fall through could take it to the next support level of 109.73. The pair is expected to find its first resistance at 111.45, and a rise through could take it to the next resistance level of 112.17.

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With no macroeconomic releases in Japan today, investor sentiment would be governed by global macroeconomic events.

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

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