USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.74% against the JPY on Friday and closed at 81.75.
In the US, the Federal Reserve Bank of San Francisco President, John Williams, stated that the central bank should “keep applying monetary policy stimulus vigorously,” to support the US job market.
In the Asian session, at GMT0400, the pair is trading at 81.71, with the USD trading 0.05% lower from Friday’s close.
The pair is expected to find support at 81.38, and a fall through could take it to the next support level of 81.05. The pair is expected to find its first resistance at 81.95, and a rise through could take it to the next resistance level of 82.20.
With no key Japan economic releases in the day ahead, the pair is expected to ride on general market cues against the greenback.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
