Japanese Yen Trading Lower In The Asian Session
GCI Financial | Mar 05, 2015 01:38AM ET
For the 24 hours to 23:00 GMT, the USD traded flat against the JPY and closed at 119.68.
In the Asian session, at GMT0400, the pair is trading at 119.83, with the USD trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 119.58, and a fall through could take it to the next support level of 119.32. The pair is expected to find its first resistance at 119.98, and a rise through could take it to the next resistance level of 120.12.
Amid a light economic calendar in Japan today, investors await the release of Japan’s leading and coincident indices data, scheduled tomorrow.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
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