USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.95% against the JPY and closed at 80.75.
In the Asian session, at GMT0400, the pair is trading at 80.71, with the USD trading 0.04% lower from yesterday’s close.
The pair is expected to find support at 80.36, and a fall through could take it to the next support level of 80.01. The pair is expected to find its first resistance at 81.29, and a rise through could take it to the next resistance level of 81.87.
The pair is likely to receive increased market attention from the release of Leading Economic Index, Gross Domestic Product (GDP) and trade balance of Japan.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
