USDJPY Movement
For the 24 hours to 23:00 GMT, the USD strengthened 0.79% against the JPY and closed at 91.73.
In the Asian session, at GMT0400, the pair is trading at 92.13, with the USD trading 0.44% higher from yesterday’s close. The Yen came under pressure, after data released this morning indicated that the seasonally adjusted unemployment rate in Japan rose to 4.2% in December, compared to a 4.1% rate reported in November.
The pair is expected to find support at 91.15, and a fall through could take it to the next support level of 90.17. The pair is expected to find its first resistance at 92.70, and a rise through could take it to the next resistance level of 93.26.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
