USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.40% against the JPY and closed at 76.55.
In Japan, this morning, the retail sales declined 1.7% (M-o-M) in August following a 0.3% decline in the previous month.
In the Asian session at 3:00GMT, the dollar is trading flat against yen from yesterday’s close at 23:00 GMT, at 76.54.
The first short term resistance is at 76.67, followed by 76.81. The pair is expected to find support at 76.37and the subsequent support level at 76.21.
With a series of Japan economic releases today, including unemployment rate and Consumer Price Index (CPI), trading in the pair is expected to be influenced by the resulting cues from these releases.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
