USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.72% against the JPY and closed at 80.32.
In Japan, supermarket sales declined 1.2% (YoY) in January, following a 0.6% fall in December.
In the Asian session, at GMT0400, the pair is trading at 80.10, with the USD trading 0.28% lower from yesterday’s close.
The pair is expected to find support at 79.83, and a fall through could take it to the next support level of 79.56. The pair is expected to find its first resistance at 80.39, and a rise through could take it to the next resistance level of 80.68.
Japan’s corporate service price data is scheduled for release later today.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
