Trading lower than short term MA’s

USD JPY

USDJPY Movement

For the 24 hours to 23:00 GMT, USD weakened 0.30% against the JPY on Friday and closed at 83.07.

In the Asian session at 4:00GMT, the pair is trading higher from the New York close, by 0.07%, at 83.13.

The first short term resistance is at 83.43, followed by 83.74. The pair is expected to find support at 82.92 and the subsequent support level at 82.72.

In Japan, All Industry Activity Index is expected to be the key indicator to determine further trading trends in the currency, along with BOJ release of board meeting minutes.

The currency pair is trading lower than its 20 Hr and 50 Hr moving averages.

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