Japanese Yen Extends Its Losses In The Asian Session
GCI Financial | Nov 14, 2014 01:35AM ET
For the 24 hours to 23:00 GMT, the USD strengthened 0.20% against the JPY and closed at 115.79.
In the Asian session, at GMT0400, the pair is trading at 116.02, with the USD trading 0.2% higher from yesterday’s close.
The pair is expected to find support at 115.49, and a fall through could take it to the next support level of 114.95. The pair is expected to find its first resistance at 116.38, and a rise through could take it to the next resistance level of 116.75.
Going forward, investors await Japan’s Q3 GDP data, scheduled in the early hours on Monday.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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