USDJPY Movement
For the 24 hours to 23:00 GMT, USD traded marginally higher against the JPY and closed at 76.82.
In Japan, yesterday, All Industry Activity Index declined 0.5% (M-o-M) in August, compared to a 0.4% rise in July.
In the Asian session, at GMT0300, the pair is trading at 76.75, with the USD trading 0.09% lower from yesterday’s close.
The pair is expected to find support at 76.66, and a fall through could take it to the next support level of 76.57. The pair is expected to find its first resistance at 76.85, and a rise through could take it to the next resistance level of 76.95.
The pair is expected to trade on the cues from the release of Coincident Index and Leading Economic Index in Japan.
The currency pair is trading just below its 20 Hr and 50 Hr moving averages.
