For the 24 hours to 23:00 GMT, USD strengthened 0.51% against the JPY and closed at 82.66.
In Japan, today, BoJ Governor Masaaki Shirakawa stated that central banks shouldn’t too much focus on near-term inflation developments as it could damage the stability of the financial system. Additionally, yesterday, core private-sector machinery orders rose by 4.2% (M-o-M) in January following 1.7% growth in December.
In the Asian session at 4:00GMT, the pair is trading higher from the New York close, by 0.19%, at 82.82.
The first short term resistance is at 83.08, followed by 83.35. The pair is expected to find support at 82.37 and the subsequent support level at 81.93.
With a series of Japan economic releases today, including domestic corporate goods price index and GDP, trading in the pair is expected to be influenced by the resulting cues from these releases.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
