For the 24 hours to 23:00 GMT, the USD slightly declined against the JPY and closed at 107.49 on Friday.

In the Asian session, at GMT0300, the pair is trading at 107.68, with the USD trading 0.18% higher against the JPY from Friday’s close.

The pair is expected to find support at 107.50, and a fall through could take it to the next support level of 107.31. The pair is expected to find its first resistance at 107.82, and a rise through could take it to the next resistance level of 107.95.

- advertisement -

Looking ahead, traders would keep a watch on Japan’s overall household spending for May, slated to release overnight.

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

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.