USDJPY Movement
For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 76.86.
In the US, Department of Treasury reported that the total net long-term TIC flows in the US fell to $3.7 billion in June, from $23.6 billion recorded in the previous month. The National Association of Home Builders (NAHB) reported that its index of builder confidence remained unchanged at a reading of 15.0 in August, in line with market estimates.
In the Asian session at 3:00GMT, the pair is trading marginally lower from yesterday’s close at 23:00 GMT, at 76.83.
The first short term resistance is at 77.02, followed by 77.22. The pair is expected to find support at 76.59 and the subsequent support level at 76.36.
The pair is trading above its 20 Hr and its 50 Hr moving averages.
