USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.83% against the JPY and closed at 95.84.
On economic front, the seasonally adjusted consumer confidence index in Japan rose to a reading of 44.3 in February, compared to a reading of 43.3 recorded in the previous month.
In the Asian session, at GMT0400, the pair is trading at 95.76, with the USD trading marginally lower from yesterday’s close.
The pair is expected to find support at 95.40, and a fall through could take it to the next support level of 95.05. The pair is expected to find its first resistance at 96.35, and a rise through could take it to the next resistance level of 96.95.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
