USDJPY Movement
For the 24 hours to 23:00 GMT, the USD traded flat against the JPY and closed at 77.74.
In the Asian session, at GMT0300, the pair is trading at 77.64, with the USD trading 0.13% lower from yesterday’s close.
The pair is expected to find support at 77.52, and a fall through could take it to the next support level of 77.40. The pair is expected to find its first resistance at 77.84, and a rise through could take it to the next resistance level of 78.03.
Trading trends in the pair today are expected to be determined by the release of Nomura/JMMA manufacturing purchasing manager index, jobless rate and consumer price index data in Japan.
The currency pair is trading below its 20 Hr and 50 Hr moving averages.
