USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.04% against the JPY and closed at 80.91.
Earlier in the day, the Bank of Japan (BoJ) Governor, Masaaki Shirakawa stated that the BoJ would pursue powerful easing to help overcome deflation and put the economy on a sustainable growth path.
In the Asian session, at GMT0300, the pair is trading at 81.08, with the USD trading 0.21% higher from yesterday’s close.
The pair is expected to find support at 80.81, and a fall through could take it to the next support level of 80.54. The pair is expected to find its first resistance at 81.27, and a rise through could take it to the next resistance level of 81.47.
The currency pair is trading above its 20 Hr and 50 Hr moving averages.
