USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.19% against the JPY, on Friday, and closed at 80.82.
In Japan, this morning, the Japan automobile dealers association reported that the automobile sales, on an annual basis, declined by 23.3% to 225,024 units in June.
In the Asian session at 3:00GMT, the pair is trading lower from Friday’s close at 23:00 GMT, by 0.07%, at 80.76.
The first short term resistance is at 81.09, followed by 81.41. The pair is expected to find support at 80.50 and the subsequent support level at 80.23.
The currency pair is trading between its 20 Hr and its 50 Hr moving averages.
