USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.17% against the JPY and closed at 78.44.
In the US, Markit Economics reported that manufacturing purchasing managers index rose to 51.5 in August, higher than the 51.4 reading in July.
In the Asian session, at GMT0300, the pair is trading at 78.43, with the USD trading flat from yesterday’s close.
The pair is expected to find support at 78.30, and a fall through could take it to the next support level of 78.17. The pair is expected to find its first resistance at 78.55, and a rise through could take it to the next resistance level of 78.67.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
