USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.63% against the JPY and closed at 76.86.
In the US, the consumer confidence improved to 45.4 in September, from 45.2 in August. The Richmond Federal Manufacturing Index increased to -6.0 in September, compared to -10.0 in August.
In Japan, yesterday, the small business confidence index rose to a reading of 47.2 in September, compared to 46.4 in August.
In the Asian session at 3:00GMT, the dollar is trading lower against the yen from yesterday’s close at 23:00 GMT, by 0.44%, at 76.52.
The first short term resistance is at 76.88, followed by 77.24. The pair is expected to find support at 76.22 and the subsequent support level at 75.92.
The pair is expected to trade on the cues from the release of retail sales data in Japan.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
