USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.30% against the JPY and closed at 76.30.
In the US, for the week ended 17 September 2011, initial jobless claims fell to 423,000, compared to the previous week’s revised figure of 432,000. Additionally, for the week ended 10 September 2011, continuing claims fell to 3.727 million, compared to the preceding week’s revised level of 3.755 million.
In the Asian session at 3:00GMT, the dollar is trading flat against yen from yesterday’s close at 23:00 GMT, at 76.31.
The first short term resistance is at 76.76, followed by 77.22. The pair is expected to find support at 75.98 and the subsequent support level at 75.65.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
