USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 1.00% against the JPY, on Friday, and closed at 76.70.
In the Asian session, at GMT0400, the pair is trading at 76.67, with the USD trading 0.03% lower from Friday’s close.
The pair is expected to find support at 76.41, and a fall through could take it to the next support level of 76.15. The pair is expected to find its first resistance at 77.17, and a rise through could take it to the next resistance level of 77.67.
With a series of Japan economic releases today, including manufacturing Purchasing Manager Index (PMI) and industrial production, trading in the pair is expected to be influenced by the resulting cues from these releases.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
