USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.09% against the JPY and closed at 82.29.
In Japan, M2 money stock increased 2.3% (Y-o-Y) to ¥784.5 trillion in January compared to the 2.3% increase posted in December. Additionally, Japanese coincident index came in at 103.1, compared to previous reading of 102.4. The Leading index came at 101.4, compared to the previous reading of 100.6. Also, Japan’s trade balance improved by 23.3% (Y-o-Y), to ¥768.8 billion in December.
In the Asian session at 4:00GMT, the pair is trading 0.02% lower from the New York close, at 82.27.
The first short term resistance is at 82.45, followed by 82.63. The pair is expected to find support at 82.11 and the subsequent support level at 81.95.
The pair is trading just above its 50 Hr moving average and just below its 20 Hr moving average.
Data on Eco watchers survey is awaited in Japan.
