USD/JPY: Japanese Yen trading higher in the morning session

USD/JPY: Japanese Yen trading higher in the morning session

USDJPY

USDJPY Movement

For the 24 hours to 23:00 GMT, the USD rose 0.74% against the JPY and closed at 110.96.

In the Asian session, at GMT0400, the pair is trading at 110.19, with the USD trading 0.69% lower against the JPY from yesterday’s close.

The pair is expected to find support at 108.65, and a fall through could take it to the next support level of 107.10. The pair is expected to find its first resistance at 111.55, and a rise through could take it to the next resistance level of 112.90.

The currency pair is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

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