USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.09% against the JPY on Friday and closed at 82.28.
In Japan, today, the Ministry of Finance (MOF) reported that, foreign exchange reserves dropped to $1.091 trillion at the end of February, from $1.093 in the previous month.
In the Asian session at 4:00GMT, the pair is trading lower from the New York close, by 0.15%, at 82.16.
The first short term resistance is at 82.76, followed by 83.36. The pair is expected to find support at 81.88 and the subsequent support level at 81.60.
With a series of Japan economic releases today, including current account and M2 money stock, trading in the pair is expected to be influenced by the resulting cues from these releases.
The currency pair is showing convergence with its 20 Hr moving average and 50 Hr moving average.
