USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.15% against the JPY and closed at 93.41.
In the Asian session, at GMT0400, the pair is trading at 93.13, with the USD trading 0.30% lower from yesterday’s close.
Data released this morning indicated that Japanese labour cash earnings climbed 0.7% annually in January, compared to a revised 1.7% drop posted in December.
The pair is expected to find support at 92.89, and a fall through could take it to the next support level of 92.65. The pair is expected to find its first resistance at 93.54, and a rise through could take it to the next resistance level of 93.95.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
