USDJPY Movement
For the 24 hours to 23:00 GMT, the USD weakened 0.63% against the JPY and closed at 99.20.
In Japan’s economic news, supermarket sales climbed 1.7% annually in March, from a decline of 5.5% reported in the previous month, while the convenience store sales fell 0.4% (YoY) in March, slower compared to a 4.7% drop recorded in the previous month.
In the Asian session, at GMT0300, the pair is trading at 98.7, with the USD trading 0.51% lower from yesterday’s close.
The pair is expected to find support at 98.23, and a fall through could take it to the next support level of 97.77. The pair is expected to find its first resistance at 99.51, and a rise through could take it to the next resistance level of 100.32.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
