USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.43% against the JPY and closed at 76.90.
In Japan, this morning, the money supply rose 2.7% (Y-o-Y) to ¥800.2 trillion in September, unchanged from the previous month. Additionally, the Domestic Corporate Goods Price Index declined 0.1% in September to 105.4.
In the Asian session, at GMT0300, the pair is trading at 76.90, with the pair trading steady from yesterday’s close.
The pair is expected to find support at 76.65, and a fall through could take it to the next support level of 76.39. The pair is expected to find its first resistance at 77.19, and a rise through could take it to the next resistance level of 77.47.
The currency pair is showing convergence with its 20 Hr moving average and is trading just below its 50 Hr moving average.
