Investors await pointers from the BoJ monetary policy meeting

USD JPY

USDJPY Movement

For the 24 hours to 23:00 GMT, USD weakened 0.11% against the JPY and closed at 83.63.

In the Asian session at 4:00GMT, the pair is trading lower from the New York close, by 0.06%, at 83.58.

The first short term resistance is at 83.87, followed by 84.17. The pair is expected to find support at 83.39 and the subsequent support level at 83.21.

Investors are eying the BoJ monetary policy meeting minutes in Japan later today.

The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.

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