USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened marginally against the JPY and closed at 82.45.
In the Asian session, at GMT0400, the pair is trading at 82.48, with the USD trading marginally higher from yesterday’s close.
This morning, the Japanese Ministry of Finance revealed that nation’s foreign reserve declined to $1.2708 trillion at the end of November from $1.2742 trillion at end-October.
The pair is expected to find support at 82.26, and a fall through could take it to the next support level of 82.05. The pair is expected to find its first resistance at 82.63, and a rise through could take it to the next resistance level of 82.78.
The currency pair is trading above its 20 Hr and 50 Hr moving average.
