USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.36% against the JPY and closed at 81.24.
In the Japan economic news this morning, the current account surplus, on annual basis, stood at ¥590.7 billion in May from ¥405.6 billion in April. The trade balance showed a deficit of ¥772.7 billion in May following a deficit of ¥417.5 billion in the previous month.
In the Asian session at 3:00GMT, the pair is trading flat from yesterday’s close at 23:00 GMT, at 81.24.
The first short term resistance is at 81.50, followed by 81.76. The pair is expected to find support at 80.89 and the subsequent support level at 80.54.
Trading trends in the pair today are expected to be determined by data release on economic watchers survey in Japan.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
