USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.04% against the JPY and closed at 80.96.
In Japan, yesterday, the Bank of Japan (BoJ) policy board member, Seiji Nakamura, stated that Japan’s economic recovery is set to accelerate in the second half of the fiscal year ending March 2012.
In the Asian session at 3:00GMT, the pair is trading lower from yesterday’s close at 23:00 GMT, by 0.32%, at 80.70.
The first short term resistance is at 81.14, followed by 81.57. The pair is expected to find support at 80.40 and the subsequent support level at 80.09.
The currency pair is trading just below its 20 Hr and its 50 Hr moving averages.
