USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.24% against the JPY and closed at 83.28.
In the Asian session at 4:00GMT, the pair is trading higher from the New York close, by 0.04%, at 83.31.
The first short term resistance is at 83.51, followed by 83.70. The pair is expected to find support at 83.11 and the subsequent support level at 82.90.
With a series of Japan economic releases today, including industrial production, capacity utilization, BoJ interest rate decision & tertiary industry index trading in the pair is expected to be influenced by the resulting cues from these releases.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
