USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.21% against the JPY and closed at 79.82.
On the economic front, Japan’s small business confidence survey registered a reading of 43.7 in September, compared to a reading of 45.1 in August.
In the Asian session, at GMT0300, the pair is trading at 79.85, with the USD trading almost flat from yesterday’s close.
The pair is expected to find support at 79.73, and a fall through could take it to the next support level of 79.60. The pair is expected to find its first resistance at 79.97, and a rise through could take it to the next resistance level of 80.08.
The currency pair is showing convergence with its 20 Hr and 50 Hr moving averages.
