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Japanese Yen Trading Higher In The Asian Session

By GCI FinancialForexApr 16, 2018 03:03AM ET
www.investing.com/analysis/japanese-yen-trading-higher-in-the-asian-session-200305678
Japanese Yen Trading Higher In The Asian Session
By GCI Financial   |  Apr 16, 2018 03:03AM ET
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USDJPY Movement
USDJPY Movement

For the 24 hours to 23:00 GMT, the USD rose 0.12% against the JPY and closed at 107.36 on Friday.

In the Asian session, at GMT0300, the pair is trading at 107.22, with the USD trading 0.13% lower against the JPY from Friday’s close.

The pair is expected to find support at 107.00, and a fall through could take it to the next support level of 106.78. The pair is expected to find its first resistance at 107.61, and a rise through could take it to the next resistance level of 108.00.

Going ahead, traders will keep a close watch on Japan’s final industrial production data for February, slated to release tomorrow.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

Japanese Yen Trading Higher In The Asian Session
 
Japanese Yen Trading Higher In The Asian Session

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