USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened slightly against the JPY and closed at 76.73.
The Japanese yen fell against the greenback, as major central banks’ joined action to provide dollar liquidity in the market boosted risk appetite, diminishing the value of low-yielding currencies.
In the Asian session at 3:00GMT, the dollar is trading higher against yen from yesterday’s close at 23:00 GMT, by 0.07%, at 76.78.
The first short term resistance is at 77.24, followed by 77.70. The pair is expected to find support at 76.41 and the subsequent support level at 76.04.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
