USDJPY Movement
For the 24 hours to 23:00 GMT, USD weakened 0.34% against the JPY and closed at 78.52.
In yesterday’s economic news, the all industry activity index in Japan rose by 2.0% (M-o-M) in May, following a downwardly revised 1.4% increase recorded in April.
In the Asian session at 3:00GMT, the pair is trading higher from yesterday’s close at 23:00 GMT, by 0.10%, at 78.60.
The first short term resistance is at 79.02, followed by 79.44. The pair is expected to find support at 78.19 and the subsequent support level at 77.79.
The currency pair is trading between its 20 Hr and its 50 Hr moving averages.
