USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.06% against the JPY and closed at 82.35.
In Japan yesterday, consumer confidence of households rose 0.9 points in January to 41.1, from revised 40.2 in December. Meanwhile, machine tool orders climbed 89.4% (Y-o-Y) in January.
In the Asian session at 4:00GMT, the pair is trading 0.18% higher from the New York close, at 82.50.
The first short term resistance is at 82.73, followed by 82.96. The pair is expected to find support at 82.21 and the subsequent support level at 81.92.
With no key Japan economic releases in the day ahead, Gopher is expected to ride on initial jobless claims and continuing jobless claims in the US.
The pair is trading slightly above its 20 Hr moving average as well as 50 Hr moving average.
