USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.84% against the JPY and closed at 82.17.
In the Asian session, at GMT0300, the pair is trading at 81.90, with the USD trading 0.32% lower from yesterday’s close.
This morning, the Bank of Japan reported that the monetary base in Japan fell 0.2% (YoY) to stand at ¥112.46 trillion in March, compared to an 11.3% rise in February.
The pair is expected to find support at 81.22, and a fall through could take it to the next support level of 80.54. The pair is expected to find its first resistance at 82.92, and a rise through could take it to the next resistance level of 83.93.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
