USDJPY Movement
For the 24 hours to 23:00 GMT, USD strengthened 0.30% against the JPY and closed at 82.64.
In Japan, today morning, merchandise trade balance narrowed to Â¥196.5 billion in March, following a surplus of Â¥653.3 billion. Additionally, tertiary industry index was 0.8% (M-o-M) in February compared to the previous reading of 2.1% in January. Yesterday, the seasonally adjusted households’ consumer sentiment index fell to a reading of 38.6 in March, the lowest reading since June 2009 and following a reading of 41.2 in February. Meanwhile, the machine tool orders jumped 49.6% (Y-o-Y) to Â¥113.4 billion in March.
In the Asian session at 3:00GMT, the pair is trading higher from the New York close, by 0.40%, at 82.97.
The first short term resistance is at 83.22, followed by 83.47. The pair is expected to find support at 82.52 and the subsequent support level at 82.07.
The currency pair is trading just above its 20 Hr and 50 Hr moving averages.
