USDJPY Movement
On Friday, for the 24 hours to 23:00 GMT, USD strengthened 0.49% against the JPY and closed at 76.56, after an unexpectedly strong US jobs report showed American employers added 243,000 workers in January, following an upwardly revised 157,000 additional jobs created in December.
On Friday, Japanese Finance Minister, Jun Azumi raised new warnings over the strength of the yen, saying low US interest rates were a factor in an acceleration in speculative yen buying.
In the Asian session, at GMT0400, the pair is trading at 76.73, with the USD trading 0.22% higher from Friday’s close.
The pair is expected to find support at 76.35, and a fall through could take it to the next support level of 75.96. The pair is expected to find its first resistance at 76.93, and a rise through could take it to the next resistance level of 77.13.
With no major release from Japan, the pair is expected to trade on trends in the greenback.
The currency pair is trading above its 20 Hr and its 50 Hr moving averages.
