For the 24 hours to 23:00 GMT, the USD declined 0.58% against the JPY and closed at 109.18.
In the Asian session, at GMT0300, the pair is trading at 108.98, with the USD trading 0.18% lower against the JPY from yesterday’s close.
The pair is expected to find support at 108.69, and a fall through could take it to the next support level of 108.41. The pair is expected to find its first resistance at 109.5, and a rise through could take it to the next resistance level of 110.03.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
