USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.13% against the JPY and closed at 83.41.
In Japan, the department store sales declined 1.8% (YoY) in February, compared to a 3.1% drop in January.
In the Asian session, at GMT0400, the pair is trading at 83.42, with the USD trading 0.02% higher from yesterday’s close.
The pair is expected to find support at 83.11, and a fall through could take it to the next support level of 82.8. The pair is expected to find its first resistance at 83.64, and a rise through could take it to the next resistance level of 83.87.
Trading in the yen is likely to be less active than usual, with Japanese financial markets closed today for a national holiday.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
