USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.24% against the JPY and closed at 78.23.
In the US, the Institute for Supply Management (ISM) reported that the New York’s current business conditions index rose to 52.9 in September from 51.4 in August.
In the Asian session, at GMT0300, the pair is trading at 78.18, with the USD trading 0.07% lower from yesterday’s close.
The pair is expected to find support at 78.00, and a fall through could take it to the next support level of 77.82. The pair is expected to find its first resistance at 78.33, and a rise through could take it to the next resistance level of 78.49.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
