USD/JPY: US Dollar reverses previous session gains, trading lower this morning

 

USD JPY

USDJPY Movement

For the 24 hours to 23:00 GMT, the USD strengthened 0.26% against the JPY and closed at 82.09.

In Japan, small business confidence retreated 43.3 in November, from 43.7 in the previous month.

In the Asian session, at GMT0400, the pair is trading at 81.87, with the USD trading 0.27% lower from yesterday’s close.

The pair is expected to find support at 81.67, and a fall through could take it to the next support level of 81.46. The pair is expected to find its first resistance at 82.20, and a rise through could take it to the next resistance level of 82.52.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

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