Japanese Yen Trading On A Stronger Footing This Morning
GCI Financial | Apr 14, 2015 02:39AM ET
For the 24 hours to 23:00 GMT, the USD weakened 0.13% against the JPY and closed at 120.07.
In the Asian session, at GMT0300, the pair is trading at 119.88, with the USD trading 0.15% lower from yesterday’s close.
The pair is expected to find support at 119.44, and a fall through could take it to the next support level of 119.00. The pair is expected to find its first resistance at 120.59, and a rise through could take it to the next resistance level of 121.30.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
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