USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.17% against the JPY and closed at 79.75.
On data front, All Industry Activity Index in Japan advanced 1.3% (MoM) in December, compared to a 1.0% drop in November.
In the Asian session, at GMT0400, the pair is trading at 79.94, with the USD trading 0.24% higher from yesterday’s close.
The pair is expected to find support at 79.68, and a fall through could take it to the next support level of 79.42. The pair is expected to find its first resistance at 80.07, and a rise through could take it to the next resistance level of 80.20.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
