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Japanese Yen Trading On A Stronger Footing This Morning

By GCI FinancialForexMay 04, 2018 02:30AM ET
www.investing.com/analysis/japanese-yen-trading-on-a-stronger-footing-this-morning-200312884
Japanese Yen Trading On A Stronger Footing This Morning
By GCI Financial   |  May 04, 2018 02:30AM ET
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USDJPY Movement
USDJPY Movement

For the 24 hours to 23:00 GMT, the USD declined 0.58% against the JPY and closed at 109.18.

In the Asian session, at GMT0300, the pair is trading at 108.98, with the USD trading 0.18% lower against the JPY from yesterday’s close.

The pair is expected to find support at 108.69, and a fall through could take it to the next support level of 108.41. The pair is expected to find its first resistance at 109.5, and a rise through could take it to the next resistance level of 110.03.

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

Japanese Yen Trading On A Stronger Footing This Morning
 

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Japanese Yen Trading On A Stronger Footing This Morning

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