USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.15% against the JPY and closed at 76.82, following a rise in Japanese machinery orders.
In Japan, on a seasonally adjusted basis, the Consumer Confidence Index edged up to of 38.9 in December, from 38.1 in November. This morning, on a seasonally adjusted basis, the Tertiary Industry Index retreated 0.8% (MoM) to 98.0 in November, from a revised 0.7% (MoM) rise in October.
In the Asian session, at GMT0400, the pair is trading at 76.71, with the USD trading 0.14% lower from yesterday’s close.
The pair is expected to find support at 76.63, and a fall through could take it to the next support level of 76.56. The pair is expected to find its first resistance at 76.83, and a rise through could take it to the next resistance level of 76.95.
The currency pair is trading below its 20 Hr and its 50 Hr moving average.
