USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.34% against the JPY and closed at 81.71.
In Japan, on an annual basis, the index measuring the prices for corporate services dropped 1.2% in March, following the downwardly revised 1.1% contraction recorded in February.
In the Asian session at 3:00GMT, the pair is trading flat from the New York close at 81.72.
The first short term resistance is at 82.27, followed by 82.81. The pair is expected to find support at 81.35 and the subsequent support level at 80.97.
Trading trends in the pair today are expected to be determined by data release on retail trade in Japan.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
