USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened slightly against the JPY and closed at 76.78.
In the US, the mortgage applications decreased 4.3%, for the week ending September 30 compared to 9.3% rise in the previous week.
In the Asian session, at GMT0300, the pair is trading at 76.75, with the USD trading 0.04% lower from the New York close.
The pair is expected to find support at 76.56, and a fall through could take it to the next support level of 76.38. The pair is expected to find its first resistance at 77.00, and a rise through could take it to the next resistance level of 77.26.
Trading trends in the pair today are expected to be determined by release of monetary policy statement in Japan.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
