USDJPY Movement
For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 82.29.
In Japan, the adjusted current account surplus was ¥1,555.9 billion in December, following ¥1145.1 billion surplus in the previous month, with trade balance up by ¥509.1 billion in December to reach a surplus of ¥768.8 billion, from a balance of ¥259.7 billion in November. Meanwhile, in Japan, data on current economic conditions showed a decline of 0.8 points from 45.1 in December, to 44.3 in January 2011.
In the Asian session at 4:00GMT, the pair is trading 0.12% higher from the New York session, at 82.39.
The first short term resistance is at 82.63, followed by 82.88. The pair is expected to find support at 81.93, and the subsequent support level at 81.48.
The pair is expected to trade on the cues from the release of consumer confidence index, core machinery orders and domestic corporate goods price index in Japan.
The pair is trading above both its 20Hr moving average and 50 Hr moving average.
