USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.69% against the JPY and closed at 88.84.
In Japan, the seasonally adjusted consumer confidence index in Japan fell to a reading of 39.2 in December, from 39.4 in November.
In the Asian session, at GMT0400, the pair is trading at 87.97, with the USD trading 0.98% lower from yesterday’s close.
In Japan, the seasonally adjusted tertiary industry activity index fell 0.3% (MoM) in November, compared to a 0.1% contraction recorded in October.
The pair is expected to find support at 87.75, and a fall through could take it to the next support level of 87.26. The pair is expected to find its first resistance at 88.76, and a rise through could take it to the next resistance level of 89.28.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
