USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.10% against the JPY and closed at 76.78.
In the Asian session at 3:00GMT, the pair is trading lower from yesterday’s close at 23:00 GMT, by 0.14%, at 76.67.
The first short term resistance is at 76.87, followed by 77.07. The pair is expected to find support at 76.54 and the subsequent support level at 76.41.
Trading trends in the pair today are expected to be determined by merchandise trade balance in Japan.
The currency pair is trading just above with its 20 Hr and its 50 Hr moving averages.
