USDJPY Movement
For the 24 hours to 23:00 GMT, USD traded flat against the JPY and closed at 76.73.
In Japan, this morning, the monetary base rose 13.5% (YoY) in December to ¥1.180 trillion, following a 19.5% growth in November.
In the Asian session at 3:00GMT, the dollar is trading marginally higher against yen from yesterday’s close at 23:00 GMT, at 76.74.
The pair is expected to find support at 76.62, and a fall through could take it to the next support level of 76.50. The pair is expected to find its first resistance at 76.84, and a rise through could take it to the next resistance level of 76.95.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
