USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 1.01% against the JPY and closed at 82.62.
The President of the Dallas Fed, Richard Fisher, has indicated that he will not support another round of quantitative easing as the economy is in a much better shape.
In economic news, supermarkets sales in Japan rose 0.3% (YoY) in February to Y967.9 billion against 1.2% fall in January.
In the Asian session, at GMT0400, the pair is trading at 82.81, with the USD trading 0.23% higher from yesterday’s close.
The pair is expected to find support at 82.29, and a fall through could take it to the next support level of 81.76. The pair is expected to find its first resistance at 83.37, and a rise through could take it to the next resistance level of 83.94.
With no major release from Japan, the pair is expected to trade on trends in the greenback.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
