USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.36% against the JPY and closed at 76.67.
In Japan, yesterday, the industrial output growth was revised lower to 0.4% (M-o-M) from a 0.6% increase estimated earlier. Additionally, the capacity utilization rate rose 0.1% (M-o-M) in July.
In the Asian session at 3:00GMT, the dollar is trading flat against yen from yesterday’s close at 23:00 GMT, at 76.67.
The first short term resistance is at 76.98, followed by 77.28. The pair is expected to find support at 76.46 and the subsequent support level at 76.24.
The currency pair is trading just below its 20 Hr and its 50 Hr moving averages.
