For the 24 hours to 23:00 GMT, the USD declined 1.1% against the JPY and closed at 111.20.
In the Asian session, at GMT0400, the pair is trading at 111.31, with the USD trading 0.1% higher against the JPY from yesterday’s close.
The pair is expected to find support at 110.80, and a fall through could take it to the next support level of 110.30. The pair is expected to find its first resistance at 112.08, and a rise through could take it to the next resistance level of 112.86.
As Japanese markets are closed on account of public holiday, Yen investors would focus on global macroeconomic releases for further direction.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
