USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.10% against the JPY and closed at 80.76.
The Bank of Japan (BoJ) raised its assessment for seven out of nine regional economies, citing signs of a pick-up against the background of an easing of supply constraints and an improvement in household confidence.
In the morning economic news, the labor cash earnings in Japan, on annual basis, rose by 1.1% to ¥271,621 in May following a 1.4% decline in the previous month.
In the Asian session at 3:00GMT, the pair is trading higher from yesterday’s close at 23:00 GMT, by 0.28%, at 80.99.
The first short term resistance is at 81.21, followed by 81.44. The pair is expected to find support at 80.65 and the subsequent support level at 80.32.
The currency pair is trading above its 20 Hr and its 50 Hr moving averages.
