USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.15% against the JPY and closed at 81.01.
In Japan, today morning, national core consumer price index (CPI), on yearly basis, fell by 0.3% in March. Additionally, corporate service price index fell by 1.0% (Y-o-Y) in February, following a 1.1% decline in January.
In the Asian session at 4:00GMT, the pair is trading lower from the New York close, by 0.02%, at 80.99.
The first short term resistance is at 81.12, followed by 81.24. The pair is expected to find support at 80.80 and the subsequent support level at 80.60.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
