USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.15% against the JPY and closed at 78.25.
In the Asian session, at GMT0300, the pair is trading at 78.21, with the USD trading 0.05% lower from yesterday’s close.
This morning, in Japan, national consumer price index fell 0.2% (YoY) in June. Separately, retail sales rose 0.2% (YoY) in June, compared to a 3.6% increase in May.
The pair is expected to find support at 78.03, and a fall through could take it to the next support level of 77.86. The pair is expected to find its first resistance at 78.37, and a rise through could take it to the next resistance level of 78.54.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
