USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.06% against the JPY and closed at 76.79.
In economic news, Japan’s industrial output retreated 2.7% (MoM) in November, from an initial estimate of a 2.6% decline recorded earlier. Meanwhile, the capacity utilisation declined 2.9% (MoM) in November from a 4.1% (MoM) increase recorded December.
In the Asian session, at GMT0400, the pair is trading at 76.74, with the USD trading 0.06% lower from yesterday’s close.
The pair is expected to find support at 76.64, and a fall through could take it to the next support level of 76.54. The pair is expected to find its first resistance at 76.86, and a rise through could take it to the next resistance level of 76.97.
The currency pair is trading just below its 20 Hr and its 50 Hr moving average.
