USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 1.21% against the JPY and closed at 83.35.
In the US, initial jobless claims declined to 383,000 in the week ended 5 February 2011, from 419,000 in the previous week, while continuing jobless claims declined to 3.89 million in the week ended 29 January 2011, from 3.93 million in the previous week.
In the Asian session, at 4:00GMT, the pair is trading higher from the New York close, by 0.10%, at 83.43.
The first short term resistance is at 83.75, followed by 84.06. The pair is expected to find support at 82.81 and the subsequent support level at 82.18.
With no key economic releases in the day ahead, the pair is expected to ride on general market cues against the greenback.
The currency pair is trading well above its 20 Hr and 50 Hr moving averages.
