USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.23% against the JPY, on Friday, and closed at 76.84.
In Japan, on Friday, the leading index declined to 103.8 in August, compared to 104.6 in July. Meanwhile, the coincident index rose to 107.4 in August, compared to 107.1 in the previous month.
The Bank of Japan (BoJ) retained its benchmark uncollateralized overnight call rate at around 0.0%-0.1 %, while maintaining the size of its asset purchase fund steady at ¥15.0 trillion. Meanwhile, the BoJ left its credit facility unchanged at ¥35.0 trillion.
In the Asian session, at GMT0300, the pair is trading at 76.74, with the USD trading 0.13% lower from Friday’s close.
The pair is expected to find support at 76.58, and a fall through could take it to the next support level of 76.43. The pair is expected to find its first resistance at 76.90, and a rise through could take it to the next resistance level of 77.07.
Trading trends in the pair today are expected to be determined by data release of trade balance and current account in Japan.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
