USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.11% against the JPY and closed at 77.79.
In Japan, small business confidence index rose to a reading of 45.1 in September, compared to a reading of 44.8 in the previous month.
In the Asian session, at GMT0300, the pair is trading at 77.75, with the USD trading 0.05% lower from yesterday’s close.
The pair is expected to find support at 77.63, and a fall through could take it to the next support level of 77.51. The pair is expected to find its first resistance at 77.90, and a rise through could take it to the next resistance level of 78.05.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
