USDJPY Movement
For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 78.31.
In the Asian session, at GMT0300, the pair is trading at 78.37, with the USD trading 0.08% higher from yesterday’s close.
This morning, in Japan, monetary base rose 6.5% (YoY) August compared to a rise of 8.6% in July.
The pair is expected to find support at 78.24, and a fall through could take it to the next support level of 78.12. The pair is expected to find its first resistance at 78.46, and a rise through could take it to the next resistance level of 78.56.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
