USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened marginally against the JPY and closed at 76.93.
In Japan, yesterday, the Leading Index was revised lower to 91.5 in September, from 91.6 in the preliminary estimates. Additionally, the Coincident Economic Index was revised lower to 89.0 in September, from the preliminary estimate of 88.9.
In the Asian session, at GMT0400, the pair is trading at 77.04, with the USD trading 0.14% higher from yesterday’s close.
The pair is expected to find support at 76.76, and a fall through could take it to the next support level of 76.49. The pair is expected to find its first resistance at 77.32, and a rise through could take it to the next resistance level of 77.61.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
