USDJPY Movement
For the 24 hours to 23:00 GMT, USD marginally weakened against the JPY and closed at 79.06.
In the US, the net long-term assets bought by foreign investors fell to $23.6 billion in May, compared to a net purchase of $30.6 billion recorded in the previous month.
In the Asian session at 3:00GMT, the pair is trading marginally higher from yesterday’s close at 23:00 GMT, at 79.09.
The first short term resistance is at 79.20, followed by 79.30. The pair is expected to find support at 78.97 and the subsequent support level at 78.84.
The currency pair is trading just above its 20 Hr and its 50 Hr moving averages.
