USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.18% against the JPY on Friday and closed at 76.95.
Data released in Japan showed that the Leading Index was revised higher to a reading of 93.2 in November, while the Coincident Index stood at a reading of 90.3 in November.
Separately, All Industry Activity Index declined 1.1% (MoM) in November, following a 0.8% increase in the previous month.
Japanese Finance Minister, Jun Azumi stated that the US co-operation is essential to boost the International Monetary Fund’s lending resources in order to tackle the fallout from the European debt crisis.
In the Asian session, at GMT0400, the pair is trading at 77.04, with the USD trading 0.12% higher from Friday’s close.
The pair is expected to find support at 76.87, and a fall through could take it to the next support level of 76.70. The pair is expected to find its first resistance at 77.26, and a rise through could take it to the next resistance level of 77.48.
The currency pair is trading between its 20 Hr and its 50 Hr moving averages.
