USDJPY Movement
For the 24 hours to 23:00 GMT on Friday, the USD strengthened 0.26% against the JPY and closed at 80.43, as a string of positive US economic data boosted demand for the greenback.
In the Asian session, at GMT0400, the pair is trading at 80.43, with the USD trading marginally higher from Friday’s close.
The pair is expected to find support at 80.19, and a fall through could take it to the next support level of 79.95. The pair is expected to find its first resistance at 80.67, and a rise through could take it to the next resistance level of 80.91.
The currency pair is trading in between its 20 Hr and 50 Hr moving averages.
