USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.19% against the JPY and closed at 77.28.
In the US, on a monthly basis, the consumer expenditure declined 0.2% in June, compared to a revised 0.1% rise posted in the previous month.
In the Asian session at 3:00GMT, the pair is trading marginally lower from yesterday’s close at 23:00 GMT, at 77.25.
The first short term resistance is at 77.68, followed by 78.11. The pair is expected to find support at 76.87 and the subsequent support level at 76.49.
The currency pair is showing convergence with its 20 Hr and its 50 Hr moving averages.
