USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.02% against the JPY and closed at 81.02.
In Japan, the current conditions index rose to a reading of 28.3 in April, following a reading of 27.7 recorded in the previous month. Meanwhile, the outlook index increased to a reading of 38.4 in April, following a reading of 26.6 posted in March. Additionally, the orders for machine tools, on an annual basis, increased by 32.3% in April, compared to a revised 49.6% increase recorded in the previous month.
In the Asian session at 3:00GMT, the pair is trading lower from the New York close, by 0.07%, at 80.96.
The first short term resistance is at 81.24, followed by 81.52. The pair is expected to find support at 80.67 and the subsequent support level at 80.38.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
